FDS forward P/E valuation

FactSet Research Systems Inc (FDS)
By@hypertonx
Assumptions as of 2026-10-08
USD
Updated Oct 8, 2026 · Revised 5 times
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FDS forward P/E valuation

Forward P/E valuation for FactSet Research Systems Inc. The model anchors earnings power to FactSet's reaffirmed FY2026 adjusted diluted EPS guidance, rolls that forward one year using a modest EPS growth assumption supported by Q3 organic ASV acceleration, durable retention, and share repurchases, and applies a target forward P/E multiple. The Q3 refresh keeps FY2026 EPS guidance unchanged because management reaffirmed the prior range, while modestly increasing the next-year growth and target multiple assumptions to reflect stronger ASV momentum and client expansion.

as of 2026-10-08

Fair value
$311.20
Upside/downside
8.4%
One-year forward EPS
$19.45
Current price / FY2026 adjusted EPS
15.9

Earnings

8.0%
$18.01USD/share

Market

$287.18USD/share
Latest FDS quote · updated Oct 9, 2026 2:00 PM MDT

Valuation

16.0

Sources

  1. October 8 Model Edge reference FDS price $286.52, refreshed 2026-10-08T15:00:49.548563-06:00. Market-relative outputs use this quote; intrinsic assumptions only change on evidence. (accessed 2026-10-08)
  2. October 8 FactSet/Scotia partnership expands platform access without quantified contract economics or an earnings update. — factset.gcs-web.com (accessed 2026-10-08)
  3. Issuer lists the next Investor Day on November 10, 2026. — factset.gcs-web.com (accessed 2026-10-08)
  4. September 30 Modeledge reference FDS price $269.95, refreshed 2026-09-30T15:27:35.2626-06:00. This quote refresh changes market-relative outputs; any intrinsic effects are separately explained. For USAU only, the existing financing-price formula mechanically links valuation to price. (accessed 2026-09-30)
  5. September 30: FY2026 adjusted EPS was $18.01; FY2027 guidance is $19.25-$19.65. Replace the $17.50 forecast anchor with $18.01 actual and set forward growth to 19.45/18.01-1, producing $19.45 forward EPS at the preserved 16x multiple. Bear/bull use the same reported anchor, preserve -5/+2.5 percentage-point growth offsets and 13.25x/18.25x multiples. These are analyst sensitivities, not management guidance endpoints. Organic ASV grew 7.0% with $168.2M additions; FY2027 ASV growth guidance 5%-6.5% and adjusted margin 34.75%-35.25% versus FY2026 34.5% support a modest recovery, not a rerating. Q4 buybacks $138M and FY2026 FCF $707.48M; authorization remaining about $356M. No second year of EPS growth is added to FY2027 guidance. — sec.gov (accessed 2026-09-30)
  6. Additional supporting source for the September 30 FDS review; see the first dated source note. — modeledge.ai (accessed 2026-09-30)
  7. September 25, 2026 Model Edge reference FDS price $273.08, refreshed 2026-09-25T15:02:45.055471-06:00. This changes market-relative outputs; intrinsic changes are separately sourced. (accessed 2026-09-26)
  8. Board appointment and contingent PSU certification provide no replacement earnings guidance. — modeledge.ai (accessed 2026-09-26)
  9. September 14 company-specific filing/press discovery and market-news checks did not establish a new operating forecast or capital-structure change. Preserve the existing intrinsic assumptions; continue the model's unresolved refresh checklist. (accessed 2026-09-14)
  10. September 14 Modeledge reference FDS share price $276.93 retrieved after the regular U.S. close. Quote updates affect market-relative outputs; forecast changes, if any, are separately identified. (accessed 2026-09-14)
  11. September 10 Modeledge reference share price $262.93; market price alone is not used to revise operating forecasts. (accessed 2026-09-10)
  12. August 28 refinancing extends the $375M term loan to August 2029 and expands revolving commitments from $1B to $1.5B through August 2031, removes amortization and the 10bp benchmark adjustment. Incremental revolver capacity is not evidence of a draw. No verified September 10 company-specific catalyst was found; retain EPS and multiple. — modeledge.ai (accessed 2026-09-10)
  13. FactSet Q3 FY2026 release reported revenue of $622.9M, organic revenue growth of 7.0%, organic ASV of $2.4856B with 7.1% growth, adjusted operating margin of 34.0%, adjusted diluted EPS of $4.53, operating cash flow of $284.5M, and free cash flow of $254.0M. — investor.factset.com (accessed 2026-07-01)
  14. FactSet reaffirmed FY2026 guidance for organic ASV growth of $130M-$160M, GAAP revenue of $2.450B-$2.470B, adjusted operating margin of 34.0%-35.5%, and adjusted diluted EPS of $17.25-$17.75. — sec.gov (accessed 2026-07-01)
  15. FactSet Q3 FY2026 materials reported $243.4M of capital returned in Q3, including $203.1M of share repurchases at an average $219.21 and $494.0M remaining authorization. — investor.factset.com (accessed 2026-07-01)
  16. FactSet's Q3 FY2026 earnings call highlighted a fifth consecutive quarter of organic ASV acceleration, ASV growth of 7.1%, adjusted operating margin of 34%, and adjusted diluted EPS of $4.53. — investor.factset.com (accessed 2026-07-01)
  17. Portfolio and market price snapshots around the Q3 refresh supplied the FDS current price near $245.55. (accessed 2026-07-01)

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