Equifax Inc.

EFX · Industrials · Consulting Services · Valued as of 2026-11-03 · Statements 2025-12-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

3.28B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

5.33B USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

3.24B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

3.95B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

16.43B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.24×

the ratio the screener ranks by

Margin of Safety

-316.3%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 3.28B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)8.58B USD
−②Net Debt Today5.30B USD
+③Growth Value0 USD
=Value3.28B USD

EPV of the Operations (NOPAT over WACC)

8.58B USD

Net debt today

-5.30B USD

Growth Value

0 USD

Value

3.28B USD

①EPV (earnings power value)

8.58B USD

②Net Debt Today

5.30B USD

③Growth Value

0 USD

Market value

Market Cap16.43B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-401.0%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 5.33B USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE4.22B USD
+②Equity at Year 15, Today1.11B USD
=Value5.33B USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

4.22B USD

②Equity at Year 15, Today

1.11B USD

Market value

Market Cap16.43B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-208.6%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 3.24B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF6.08B USD
+②Invested Capital at Year 15, Today2.46B USD
−③Net Debt Today5.30B USD
=Value3.24B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth rising to its long-run rate and the ROIC on new investment rising to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

6.08B USD

②Invested Capital at Year 15, Today

2.46B USD

③Net Debt Today

5.30B USD

Market value

Market Cap16.43B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-407.5%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 9.97%
Cost of Equity =Risk-Free Rate 4.50%+Beta 1.30×Market Risk Premium 6.00%= 12.33%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 230.83M USDPretax Income 895.79M USD= 25.77%

The tax the interest saves.

Interest Expense =EBIT 1,108.31M USD−Pretax Income 895.79M USD= 212.51M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 212.51M USDTotal Debt 5.47B USD×(1 − Tax Rate for WACC 25.77%)= 2.88%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 5.47B USDMarket Cap + Total Debt 16.43B USD + 5.47B USD= 24.98%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 75.02%×Cost of Equity 12.33%+Debt Weight 24.98%×Cost of Debt 2.88%= 9.97%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-06-30.

Total Assets 11.99B USD − Total Liabilities 7.47B USD = Book Value Today 4.52B USD

Total Debt 5.47B USD − Cash and Short-Term Investments 170.27M USD = Net Debt Today 5.30B USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-4.6%at most 5%passes117,600,000 / 123,300,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets8.0%at least -10.0%passes(1.62B USD − 660.96M USD) ÷ 11.99B USD
Price to bookMarket Cap ÷ Book Value Today3.63×at most 3×does not pass16.43B USD ÷ 4.52B USD
Operating marginOperating Income ÷ Revenue18.0%above 10.0%passes1.10B USD ÷ 6.08B USD
Revenue growthRevenue ÷ Revenue a Year Before − 16.9%above 10.0%does not pass6.08B USD / 5.69B USD
Net cash(Cash − Total Debt) ÷ Market Cap-32.3%above -30%does not pass(170.27M USD − 5.47B USD) ÷ 16.43B USD
Operating efficiencyOperating Income ÷ Gross Profit31.9%above 25.0%passes1.10B USD ÷ 3.43B USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

139.87 USD

Enterprise value

21.87B USD

the provider's own figure

EV / EBITDA

11.36×

Price / book

3.75×

the provider's book

Price / earnings

24.56×

Return on equity

14.3%

the provider's figure, not this page's

Profit margin

10.7%

Revenue growth

10.6%

Analyst target, mean

212.35 USD

Analysts

21

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2022202320242025
Income statement

Revenue

5.13B5.27B5.69B6.08B

Gross profit

2.95B2.93B3.17B3.43B

Operating income

1.06B934.53M1.04B1.10B

EBITDA

operating income before depreciation and amortisation

1.68B1.58B1.72B1.84B

Pretax income

930.63M718.62M811.31M895.79M

Net income

696.90M545.85M604.70M660.96M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

696.90M545.85M604.70M660.96M

R&D

————
Balance sheet, year end

Total assets

11.56B12.29B11.77B11.88B

Total liabilities

7.58B7.60B6.85B7.13B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

3.96B4.54B4.80B4.61B

Total debt

5.79B5.72B5.02B5.10B

Cash and equivalents

285.49M217.02M170.07M180.98M

Net PP&E

fixed assets after depreciation

1.59B1.84B1.89B1.93B

Working capital

current assets less current liabilities

-645.34M-663.36M-451.35M-924.12M
Cash flow

Operating cash flow

757.86M1.12B1.33B1.62B

Capital expenditure

paid out, so below zero

-625.12M-601.90M-512.01M-481.88M

Depreciation and amortisation

569.17M620.42M681.28M727.63M

Free cash flow

operating cash flow plus capital expenditure

132.73M516.02M813.81M1.14B