Barnes & Noble Education stock: fair value
BNEDThe fair value of Barnes & Noble Education under our model is $14.66, the price is 13% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $9.77 and expensive above $29.31 (uncertainty very high, based on the price swings of the past year).
Calculated with a cost of equity of 9.8%. At 10.8% the fair value would be $12.61, at 8.8% it would be $17.52.
Where the number comes from
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 9.8% (government bond yield 3.8% plus beta 1.35 times a risk premium of 4.4%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $14.66 per share: free cash flow for the next ten years, each year discounted to today at 9.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.8%) |
|---|---|---|---|---|
| 2027 | $34.57M | extrapolated at −3.1% | 0.9104 | $31.47M |
| 2028 | $34.22M | extrapolated at −1.0% | 0.8289 | $28.36M |
| 2029 | $34.37M | extrapolated at 0.4% | 0.7547 | $25.93M |
| 2030 | $34.87M | extrapolated at 1.5% | 0.6871 | $23.96M |
| 2031 | $35.62M | extrapolated at 2.2% | 0.6255 | $22.28M |
| 2032 | $36.57M | extrapolated at 2.7% | 0.5695 | $20.83M |
| 2033 | $37.67M | extrapolated at 3.0% | 0.5185 | $19.53M |
| 2034 | $38.9M | extrapolated at 3.3% | 0.4721 | $18.36M |
| 2035 | $40.24M | extrapolated at 3.4% | 0.4298 | $17.29M |
| 2036 | $41.67M | extrapolated at 3.6% | 0.3913 | $16.3M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $224.33M |
| Terminal value: cash flow 2036 × (1 + 3.8%) / (9.8% − 3.8%) | $720.16M |
| Present value of terminal value (× 0.3913) | $281.79M |
| Equity value (sum plus present value of terminal value) | $506.12M |
| Shares (diluted) | 34.53M |
| Value per share (equity value divided by shares) | $14.66 |
| Fair value (from the cash flow model alone) | $14.66 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 2 May 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 10 Jul 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.