TransUnion (TRU) 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

-36.7%

$50.24

vs $79.33 price

Levered DCF

$25.42

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.51

Grey zone

Rating

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	36.65×	63.5×	-64.21×	40.54×	16.36×	54.82×	46.28×	37.87×
P/B	3.76×	4.27×	3.32×	2.62×	5.81×	7.42×	7.16×	5.55×
P/S	3.64×	4.31×	3.47×	2.94×	7.67×	7.45×	6.53×	4.52×
EV / EBITDA	14.43×	18.73×	27.37×	14.25×	27.51×	25.36×	22.03×	18.21×
Gross margin	59.1%	60.0%	60.4%	62.7%	65.5%	66.3%	67.3%	65.9%
Operating margin	18.7%	15.9%	3.4%	16.9%	22.0%	19.8%	22.0%	22.1%
Net margin	10.0%	6.8%	-5.4%	7.2%	47.0%	13.6%	14.1%	11.9%
Current ratio	1.75×	1.7×	1.47×	1.6×	1.94×	2.19×	1.55×	1.53×
Debt / equity	1.16×	1.24×	1.36×	1.39×	1.67×	1.39×	1.66×	2.14×
Interest coverage	3.64×	2.51×	0.45×	2.71×	4.93×	3.71×	2.84×	3.39×
Dividend yield	0.5%	0.5%	0.6%	0.7%	0.3%	0.3%	0.4%	0.4%
Payout ratio	19.9%	29.1%	-39.7%	29.2%	5.0%	16.8%	16.4%	15.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.3%	6.7%	-5.1%	6.4%	35.6%	13.5%	15.4%	14.6%
Return on invested capital	6.2%	5.0%	1.3%	4.0%	4.2%	5.9%	6.6%	6.6%
Return on assets	4.1%	2.6%	-1.9%	2.3%	11.0%	4.7%	4.9%	3.9%
Free cash flow yield	4.0%	2.9%	2.5%	-0.0%	2.6%	3.0%	3.6%	3.6%
Earnings yield	2.7%	1.6%	-1.6%	2.4%	6.1%	1.8%	2.2%	2.6%
Enterprise value	$21B	$22.6B	$18.3B	$16.1B	$27.4B	$21.9B	$19.5B	$14.3B
Net debt / EBITDA	2.96×	3.76×	7.45×	4.61×	4.7×	3.51×	3.9×	4.9×
Cash conversion cycle (days)	4	13	8	-7	-27	-24	-9	-3