Verisk Analytics, Inc.

VRSK · 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

10.80B USD

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

Profit

-1.19B USD

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

FCFF

5.91B USD

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

Average Intrinsic Value

5.17B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

22.08B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.23×

the ratio the screener ranks by

Margin of Safety

-327.0%

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: 10.80B 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)14.87B USD
−②Net Debt Today4.07B USD
+③Growth Value0 USD
=Value10.80B USD

EPV of the Operations (NOPAT over WACC)

14.87B USD

Net debt today

-4.07B USD

Growth Value

0 USD

Value

10.80B USD

①EPV (Earnings Power Value)

14.87B USD

②Net Debt Today

4.07B USD

③Growth Value

0 USD

Market value

Market Cap22.08B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-104.6%

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): -1.19B 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.

The projection was not made (a growth path at or below minus 100%), so the value is the book value today, -1.19B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFE

Not in the value

②Equity at Year 15, Today

Not in the value

Market value

Market Cap22.08B USD

The price on the date above times the shares.

Value vs market

Margin of Safety—

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): 5.91B 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 FCFF8.30B USD
+②Invested Capital at Year 15, Today1.68B USD
−③Net Debt Today4.07B USD
=Value5.91B 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 falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

8.30B USD

②Invested Capital at Year 15, Today

1.68B USD

③Net Debt Today

4.07B USD

Market value

Market Cap22.08B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-273.6%

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: 7.50%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.66×Market Risk Premium 6.00%= 8.47%

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 263.26M USDPretax Income 1.17B USD= 22.45%

The tax the interest saves.

Interest Expense =EBIT 1,343.54M USD−Pretax Income 1,172.47M USD= 171.07M USD

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

Cost of Debt =Interest Expense 171.07M USDTotal Debt 4.62B USD×(1 − Tax Rate for WACC 22.45%)= 2.87%

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

Debt Weight =Total Debt 4.62B USDMarket Cap + Total Debt 22.08B USD + 4.62B USD= 17.31%

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

WACC =Equity Weight 82.69%×Cost of Equity 8.47%+Debt Weight 17.31%×Cost of Debt 2.87%= 7.50%

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 4.50B USD − Total Liabilities 5.69B USD = Book Value Today -1.19B USD

Total Debt 4.62B USD − Cash and Short-Term Investments 551.95M USD = Net Debt Today 4.07B 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 − 1-9.2%at most 5%passes130,136,216 / 143,308,729
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets11.7%at least -10.0%passes(1.44B USD − 909.21M USD) ÷ 4.50B USD
Price to bookMarket Cap ÷ Book Value Today—at most 3×not measured22.08B USD ÷ -1.19B USD
Operating marginOperating Income ÷ Revenue43.7%above 10.0%passes1.35B USD ÷ 3.08B USD
Revenue growthRevenue ÷ Revenue a Year Before − 16.6%above 10.0%does not pass3.08B USD / 2.88B USD
Net cash(Cash − Total Debt) ÷ Market Cap-18.4%above -30%passes(551.95M USD − 4.62B USD) ÷ 22.08B USD
Operating efficiencyOperating Income ÷ Gross Profit62.6%above 25.0%passes1.35B USD ÷ 2.15B USD

Market Data

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

Share price

168.55 USD

Enterprise value

26.01B USD

the provider's own figure

EV / EBITDA

17.14×

Price / book

-18.89×

the provider's book

Price / earnings

25.83×

Return on equity

—

the provider's figure, not this page's

Profit margin

28.2%

Revenue growth

4.4%

Analyst target, mean

234.99 USD

Analysts

17

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.

Income statement (USD)2022202320242025

Revenue

2.50B2.68B2.88B3.08B

Gross profit

1.67B1.81B1.98B2.15B

Operating income

1.41B1.13B1.26B1.35B

EBITDA

operating income before depreciation and amortisation

1.74B1.43B1.66B1.67B

Pretax income

1.26B1.03B1.23B1.17B

Net income

955.25M615.01M958.46M909.21M

Normalized income

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

1.05B760.93M874.73M910.53M

R&D

————
Balance sheet, year end (USD)2022202320242025

Total assets

6.97B4.37B4.27B6.20B

Total liabilities

5.20B4.05B4.16B5.89B

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

1.75B310.31M100.20M309.31M

Total debt

3.96B3.10B3.25B4.91B

Cash and equivalents

112.61M303.00M291.49M2.18B

Net PP&E

fixed assets after depreciation

724.22M797.40M762.66M722.42M

Working capital

current assets less current liabilities

-1.40B38.74M-327.63M465.57M
Cash flow (USD)2022202320242025

Operating cash flow

1.06B1.06B1.15B1.44B

Capital expenditure

paid out, so below zero

-274.97M-230.23M-224.12M-244.34M

Depreciation and amortisation

340.34M281.68M306.21M327.03M

Free cash flow

operating cash flow plus capital expenditure

785.08M831.53M921.02M1.19B