Equifax Inc. (EFX) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-43.2%

$108.93

vs $191.90 price

Levered DCF

$79.46

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.46

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	40.48×	52.22×	55.7×	34.16×	47.92×	45.06×	-43.11×	37.4×
P/B	5.81×	6.58×	6.7×	6.01×	9.96×	7.39×	6.57×	3.61×
P/S	4.4×	5.55×	5.77×	4.64×	7.25×	5.68×	4.83×	3.29×
EV / EBITDA	16.93×	21.16×	22.73×	17.42×	25.73×	21.31×	565.96×	17.25×
Gross margin	56.4%	55.7%	55.7%	57.5%	59.8%	57.9%	56.6%	57.8%
Operating margin	18.0%	18.3%	17.7%	20.6%	23.1%	16.4%	-9.6%	13.1%
Net margin	10.9%	10.6%	10.4%	13.6%	15.1%	12.6%	-11.0%	9.1%
Current ratio	0.6×	0.75×	0.67×	0.68×	0.49×	1×	0.89×	1.09×
Debt / equity	1.11×	1.04×	1.26×	1.46×	1.48×	1.38×	1.31×	0.85×
Interest coverage	5.16×	4.55×	3.87×	5.77×	7.82×	4.78×	-3×	4.33×
Dividend yield	0.9%	0.6%	0.6%	0.8%	0.5%	0.8%	1.1%	1.7%
Payout ratio	35.3%	32.0%	35.2%	27.4%	25.5%	36.4%	-49.1%	60.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	14.3%	12.6%	12.0%	17.6%	20.8%	16.4%	-14.9%	10.0%
Return on invested capital	7.7%	7.3%	6.4%	7.6%	9.4%	6.3%	-4.7%	6.1%
Return on assets	5.6%	5.1%	4.4%	6.0%	6.7%	5.4%	-4.9%	4.3%
Free cash flow yield	4.2%	2.6%	1.7%	0.6%	2.4%	2.2%	-0.5%	3.1%
Earnings yield	2.5%	1.9%	1.8%	2.9%	2.1%	2.2%	-2.3%	2.8%
Enterprise value	$31.6B	$36.4B	$35.9B	$29.3B	$40.8B	$26.1B	$19.9B	$13.6B
Net debt / EBITDA	2.63×	2.81×	3.48×	3.27×	3.2×	2.2×	84.7×	3.05×
Cash conversion cycle (days)	32	41	32	19	15	22	20	6