On 12 Nov 2026 our base value for GE Vernova is $2,240.81 a share, 173.8% above its $818.49 close; 1 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | $2,240.81 | +173.8% | free cash flow $17.12bn, growth 16.88% for 5 years, then fading to 3% over 5 more, discounted at 9.77%; plus net cash $57.33 a share; stress floor $1,074.97 |
| Exit multiple (P/E) | — | — | no exit multiple: fewer than 12 quarters of usable earnings history, so there is no multiple this name has been shown to trade at. The forward PE is not a substitute — it is today's price divided by earnings, and an anchor built from it can only restate the price |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
The discount rate:
| Risk-free rate | 5.13% (10-year US Treasury yield) |
| Company's own beta | 1.06 (data provider's figure) |
| Peer beta | 1.01 (median of 80 S&P 500 Industrials companies) |
| Blend of own and peers | 1.05 (67% own, 33% peers, two-thirds own, one-third peers) |
| Adjusted beta | 1.03 (0.67 × 1.05 + 0.33, pulled toward the market's 1.0) |
| Equity risk premium | 4.5% |
| Discount rate = risk-free + adjusted beta × premium | 9.77% |
Free cash flow grows 16.88% a year for 5 years, then fades in equal steps toward 3% over 5 more; each year is discounted by 1 ÷ (1 + rate)^year:
| Year | Growth | Free cash flow | Discount factor | Present value |
|---|---|---|---|---|
| Now | — | $17.12bn | — | — |
| Year 1 | 16.88% | $20.01bn | 0.9110 | $18.23bn |
| Year 2 | 16.88% | $23.38bn | 0.8300 | $19.41bn |
| Year 3 | 16.88% | $27.33bn | 0.7562 | $20.66bn |
| Year 4 | 16.88% | $31.94bn | 0.6889 | $22.00bn |
| Year 5 | 16.88% | $37.33bn | 0.6276 | $23.43bn |
| Year 6 | 14.57% | $42.77bn | 0.5718 | $24.46bn |
| Year 7 | 12.25% | $48.01bn | 0.5209 | $25.01bn |
| Year 8 | 9.94% | $52.79bn | 0.4746 | $25.05bn |
| Year 9 | 7.63% | $56.81bn | 0.4323 | $24.56bn |
| Year 10 | 5.31% | $59.83bn | 0.3939 | $23.57bn |
| Terminal value = year-10 cash flow × (1 + 3%) ÷ (9.77% − 3%) | $910.94bn |
| Terminal value in today's money | $358.80bn |
| Present value of years 1–10 | $226.38bn |
| Total present value | $585.17bn |
| Shares outstanding | 268.00m |
| Cash flows per share = total ÷ shares | $2,183.48 |
| Plus net cash per share | $57.33 |
| Value per share | $2,240.81 |
How the DCF value moves with the discount rate and the starting growth (the middle cell is the published value):
| Discount rate | Growth 11.88% | Growth 16.88% | Growth 21.88% |
|---|---|---|---|
| 8.77% | $2,004.29 | $2,669.60 | $3,541.91 |
| 9.77% | $1,694.59 | $2,240.81 | $2,954.84 |
| 10.77% | — | $1,924.56 | $2,522.58 |
The same DCF at each beta, starting growth unchanged:
| Beta | Value | Discount rate | DCF value |
|---|---|---|---|
| Company's own beta | 1.06 | 9.90% | $2,192.63 |
| Peer beta | 1.01 | 9.68% | $2,274.04 |
| Adjusted beta (used) | 1.03 | 9.77% | $2,240.81 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Discounted cash flow | $2,240.81 |
One method is kept, so the base value is its value: $2,240.81
Base value $2,240.81 a share
One-year price simulation: a 10% chance the price is below $368.57 and a 10% chance it is above $1,587.38 in a year; a 46% chance it is higher than today's $818.49, from 56.68% volatility. The simulation assumes the price drifts up at our discount rate of 9.77% a year.
At $818.49 the price implies free cash flow growing -1.1% a year for five years and then fading toward 3% over five more; its revenue has grown 16.9%.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $988.70 | — |
| 9 Oct 2026 | $1,004.73 | — |
| 16 Oct 2026 | $921.20 | $1,334.10 |
| 23 Oct 2026 | $815.00 | $1,352.43 |
| 30 Oct 2026 | $857.87 | $2,385.98 |
| 6 Nov 2026 | $774.11 | — |
| 12 Nov 2026 | $818.49 | $2,240.81 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
Run a full Desk Run on GEV · GE Vernova company page · Call and put prices