GE Vernova stock: fair value
GEVThe fair value of GE Vernova under our model is $1,066.82, the price is 23% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $762.01 and expensive above $1,778.03 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $1,211.35 (cash-flow model) and $922.29 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $956.42, at 7.8% it would be $1,233.19.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (23.8).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 0.94 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $1,211.35 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, 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 8.8%) |
|---|---|---|---|---|
| 2026 | $6.33B | extrapolated at 57.4% | 0.9189 | $5.81B |
| 2027 | $8.94B | extrapolated at 41.3% | 0.8443 | $7.55B |
| 2028 | $11.63B | extrapolated at 30.1% | 0.7758 | $9.02B |
| 2029 | $14.21B | extrapolated at 22.2% | 0.7129 | $10.13B |
| 2030 | $16.59B | extrapolated at 16.7% | 0.6550 | $10.86B |
| 2031 | $18.72B | extrapolated at 12.8% | 0.6019 | $11.26B |
| 2032 | $20.61B | extrapolated at 10.1% | 0.5530 | $11.4B |
| 2033 | $22.31B | extrapolated at 8.2% | 0.5082 | $11.34B |
| 2034 | $23.85B | extrapolated at 6.9% | 0.4669 | $11.14B |
| 2035 | $25.28B | extrapolated at 6.0% | 0.4291 | $10.85B |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $99.37B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (8.8% − 3.8%) | $525.03B |
| Present value of terminal value (× 0.4291) | $225.27B |
| Equity value (sum plus present value of terminal value) | $324.64B |
| Shares (diluted) | 268.00M |
| Value per share (equity value divided by shares) | $1,211.35 |
| Earnings per share, last twelve months | $38.69 |
| × 23.8 (industry P/E) | $922.29 |
| Fair value (average of both parts) | $1,066.82 |
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 2025, period end 31 Dec 2025
- 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 12 Sep 2025)
- 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.