Two-stage DCF valuations for the 120 largest companies by market cap — each compiled independently by Gemini 3.1 with every assumption disclosed.
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Updated March 18, 2026 · Data: FY2025 10-K filings via S&P Global
| # | Company | Ticker | Intrinsic Value | Market Price | Margin | Verdict |
|---|---|---|---|---|---|---|
| 1 | AT&T | T | $125.60 | $27.41 | +358.2% | Undervalued |
| 2 | Comcast | CMCSA | $123.70 | $28.76 | +330.1% | Undervalued |
| 3 | Adobe Inc. | ADBE | $701.96 | $248.75 | +182.2% | Undervalued |
| 4 | Taiwan Semiconductor | TSMC | $920.80 | $343.68 | +167.9% | Undervalued |
| 5 | Pfizer | PFE | $62.60 | $27.32 | +129.1% | Undervalued |
| 6 | ServiceNow, Inc. | NOW | $231.90 | $114.55 | +102.4% | Undervalued |
| 7 | QUALCOMM | QCOM | $241.25 | $130.67 | +84.6% | Undervalued |
| 8 | Booking Holdings Inc. | BKNG | $6970.96 | $4438.44 | +57.1% | Undervalued |
| 9 | Comcast Corporation | CMCSA | $61.47 | $40.00 | +53.7% | Undervalued |
| 10 | American Express | AXP | $456.97 | $298.01 | +53.3% | Undervalued |
| 11 | Amgen Inc. | AMGN | $459.48 | $310.00 | +48.2% | Undervalued |
| 12 | AbbVie Inc. | ABBV | $275.28 | $195.00 | +41.2% | Undervalued |
| 13 | UnitedHealth Group | UNH | $400.91 | $285.54 | +40.4% | Undervalued |
| 14 | AT&T Inc. | T | $37.71 | $28.00 | +34.7% | Undervalued |
| 15 | UnitedHealth Group Inc. | UNH | $637.54 | $530.00 | +20.3% | Undervalued |
| 16 | American Express Company | AXP | $345.69 | $290.00 | +19.2% | Undervalued |
| 17 | Lowe's Companies Inc. | LOW | $310.85 | $265.00 | +17.3% | Undervalued |
| 18 | Salesforce Inc. | CRM | $372.95 | $320.00 | +16.5% | Undervalued |
| 19 | Philip Morris International Inc. | PM | $155.70 | $135.00 | +15.3% | Undervalued |
| 20 | Bank of America Corporation | BAC | $50.38 | $44.00 | +14.5% | Undervalued |
| 21 | Applied Materials Inc. | AMAT | $226.05 | $200.00 | +13.0% | Undervalued |
| 22 | Caterpillar Inc. | CAT | $426.12 | $380.00 | +12.1% | Undervalued |
| 23 | Berkshire Hathaway Inc. | BRK.B | $536.04 | $487.63 | +9.9% | Undervalued |
| 24 | Adobe Inc. | ADBE | $526.20 | $480.00 | +9.6% | Undervalued |
| 25 | Mastercard | MA | $536.98 | $491.37 | +9.3% | Undervalued |
| 26 | Goldman Sachs Group Inc. | GS | $643.63 | $590.00 | +9.1% | Undervalued |
| 27 | Cisco Systems Inc. | CSCO | $67.26 | $62.00 | +8.5% | Undervalued |
| 28 | Qualcomm Incorporated | QCOM | $183.96 | $175.00 | +5.1% | Undervalued |
| 29 | Pfizer Inc. | PFE | $28.12 | $27.00 | +4.1% | Undervalued |
| 30 | ServiceNow Inc. | NOW | $1090.41 | $1050.00 | +3.8% | Undervalued |
| 31 | Meta Platforms | META | $643.59 | $621.50 | +3.6% | Undervalued |
| 32 | Berkshire Hathaway Inc. | BRK.B | $543.17 | $525.00 | +3.5% | Undervalued |
| 33 | Accenture plc | ACN | $382.50 | $370.00 | +3.4% | Undervalued |
| 34 | The Procter & Gamble Company | PG | $152.68 | $147.63 | +3.4% | Undervalued |
| 35 | Taiwan Semiconductor Manufacturing | TSMC | $192.66 | $190.00 | +1.4% | Undervalued |
| 36 | BlackRock Inc. | BLK | $955.59 | $950.00 | +0.6% | Undervalued |
| 37 | Danaher Corporation | DHR | $258.73 | $260.00 | -0.5% | Overvalued |
| 38 | Visa Inc. | V | $297.59 | $301.37 | -1.3% | Overvalued |
| 39 | International Business Machines | IBM | $245.66 | $250.00 | -1.7% | Overvalued |
| 40 | The Home Depot Inc. | HD | $389.53 | $400.00 | -2.6% | Overvalued |
| 41 | JPMorgan Chase & Co. | JPM | $279.22 | $287.54 | -2.9% | Overvalued |
| 42 | Abbott Laboratories | ABT | $120.49 | $125.00 | -3.6% | Overvalued |
| 43 | Visa Inc. | V | $308.45 | $320.00 | -3.6% | Overvalued |
| 44 | Meta Platforms Inc. | META | $589.39 | $615.00 | -4.2% | Overvalued |
| 45 | Merck & Co. Inc. | MRK | $105.35 | $110.00 | -4.2% | Overvalued |
| 46 | SAP SE | SAP | $178.59 | $187.17 | -4.6% | Overvalued |
| 47 | Intuit Inc. | INTU | $612.96 | $650.00 | -5.7% | Overvalued |
| 48 | Amazon.com Inc. | AMZN | $197.53 | $210.00 | -5.9% | Overvalued |
| 49 | Johnson & Johnson | JNJ | $154.56 | $165.00 | -6.3% | Overvalued |
| 50 | Johnson & Johnson | JNJ | $223.30 | $238.96 | -6.6% | Overvalued |
| 51 | GE Aerospace | GE | $186.09 | $200.00 | -7.0% | Overvalued |
| 52 | Procter & Gamble Co. | PG | $155.69 | $170.00 | -8.4% | Overvalued |
| 53 | Thermo Fisher Scientific Inc. | TMO | $529.22 | $580.00 | -8.8% | Overvalued |
| 54 | Linde plc | LIN | $431.75 | $475.00 | -9.1% | Overvalued |
| 55 | Alphabet Inc. | GOOGL | $158.40 | $175.00 | -9.5% | Overvalued |
| 56 | The Home Depot, Inc. | HD | $299.36 | $335.75 | -10.8% | Overvalued |
| 57 | Mastercard Incorporated | MA | $480.19 | $545.00 | -11.9% | Overvalued |
| 58 | The Coca-Cola Company | KO | $55.19 | $64.00 | -13.8% | Overvalued |
| 59 | McDonald's Corporation | MCD | $265.67 | $310.00 | -14.3% | Overvalued |
| 60 | PepsiCo Inc. | PEP | $132.28 | $155.00 | -14.7% | Overvalued |
| 61 | Exxon Mobil Corporation | XOM | $97.06 | $115.00 | -15.6% | Overvalued |
| 62 | Microsoft Corporation | MSFT | $354.23 | $420.00 | -15.7% | Overvalued |
| 63 | ASML Holding N.V. | ASML | $655.04 | $780.00 | -16.0% | Overvalued |
| 64 | IBM Corporation | IBM | $210.15 | $254.68 | -17.5% | Overvalued |
| 65 | Apple Inc. | AAPL | $206.86 | $252.38 | -18.0% | Overvalued |
| 66 | Honeywell International Inc. | HON | $172.42 | $215.00 | -19.8% | Overvalued |
| 67 | NVIDIA Corporation | NVDA | $108.30 | $135.00 | -19.8% | Overvalued |
| 68 | Philip Morris | PM | $129.22 | $167.84 | -23.0% | Overvalued |
| 69 | Advanced Micro Devices Inc. | AMD | $134.62 | $175.00 | -23.1% | Overvalued |
| 70 | PepsiCo, Inc. | PEP | $118.22 | $155.14 | -23.8% | Overvalued |
| 71 | SAP SE | SAP | $200.53 | $265.00 | -24.3% | Overvalued |
| 72 | Merck & Co., Inc. | MRK | $82.80 | $114.51 | -27.7% | Overvalued |
| 73 | Microsoft Corporation | MSFT | $274.94 | $395.50 | -30.5% | Overvalued |
| 74 | Apple Inc. | AAPL | $169.45 | $245.00 | -30.8% | Overvalued |
| 75 | ASML Holding N.V. | ASML | $951.47 | $1376.30 | -30.9% | Overvalued |
| 76 | Oracle Corporation | ORCL | $127.51 | $185.00 | -31.1% | Overvalued |
| 77 | Texas Instruments Incorporated | TXN | $133.86 | $195.00 | -31.4% | Overvalued |
| 78 | Bank of America | BAC | $32.48 | $47.59 | -31.8% | Overvalued |
| 79 | Eli Lilly and Company | LLY | $535.99 | $820.00 | -34.6% | Overvalued |
| 80 | Netflix Inc. | NFLX | $618.90 | $950.00 | -34.9% | Overvalued |
| 81 | Broadcom Inc. | AVGO | $142.77 | $225.00 | -36.5% | Overvalued |
| 82 | Exxon Mobil Corporation | XOM | $91.18 | $158.99 | -42.7% | Overvalued |
| 83 | Eli Lilly and Company | LLY | $507.89 | $915.59 | -44.5% | Overvalued |
| 84 | Alphabet | GOOGL | $166.69 | $310.92 | -46.4% | Overvalued |
| 85 | Costco | COST | $526.67 | $988.74 | -46.7% | Overvalued |
| 86 | Intuitive Surgical | ISRG | $252.81 | $477.20 | -47.0% | Overvalued |
| 87 | Costco Wholesale Corporation | COST | $496.51 | $950.00 | -47.7% | Overvalued |
| 88 | Netflix | NFLX | $49.03 | $93.86 | -47.8% | Overvalued |
| 89 | NVIDIA | NVDA | $90.58 | $182.69 | -50.4% | Overvalued |
| 90 | Intuitive Surgical Inc. | ISRG | $264.07 | $545.00 | -51.5% | Overvalued |
| 91 | JPMorgan Chase & Co. | JPM | $123.78 | $255.00 | -51.5% | Overvalued |
| 92 | Linde plc | LIN | $231.59 | $490.44 | -52.8% | Overvalued |
| 93 | Oracle | ORCL | $72.22 | $152.94 | -52.8% | Overvalued |
| 94 | Applied Materials | AMAT | $154.32 | $354.60 | -56.5% | Overvalued |
| 95 | GE Aerospace | GE | $127.29 | $302.55 | -57.9% | Overvalued |
| 96 | Abbott Laboratories | ABT | $44.30 | $108.83 | -59.3% | Overvalued |
| 97 | Walmart Inc. | WMT | $36.02 | $95.00 | -62.1% | Overvalued |
| 98 | Walmart | WMT | $45.92 | $122.77 | -62.6% | Overvalued |
| 99 | Lowe's | LOW | $86.30 | $231.09 | -62.7% | Overvalued |
| 100 | Accenture | ACN | $69.70 | $196.35 | -64.5% | Overvalued |
| 101 | Honeywell | HON | $37.40 | $229.92 | -83.7% | Overvalued |
| 102 | Danaher Corporation | DHR | $24.60 | $191.50 | -87.2% | Overvalued |
| 103 | Tesla Inc. | TSLA | $33.37 | $275.00 | -87.9% | Overvalued |
| 104 | Booking Holdings Inc. | BKNG | $559.15 | $4800.00 | -88.4% | Overvalued |
| 105 | Amazon.com, Inc. | AMZN | $22.74 | $211.56 | -89.3% | Overvalued |
| 106 | Amgen | AMGN | $36.80 | $351.48 | -89.5% | Overvalued |
| 107 | Thermo Fisher | TMO | $44.60 | $467.03 | -90.5% | Overvalued |
| 108 | Tesla, Inc. | TSLA | $37.68 | $398.27 | -90.5% | Overvalued |
| 109 | Broadcom Inc. | AVGO | $22.00 | $318.92 | -93.1% | Overvalued |
| 110 | Intuit | INTU | $18.80 | $446.79 | -95.8% | Overvalued |
| 111 | BlackRock | BLK | $24.20 | $973.95 | -97.5% | Overvalued |
| 112 | Intrinsic Value Analysis: The Goldman Sachs Group | GS | $2.50 | $805.48 | -99.7% | Overvalued |
| 113 | AbbVie Inc. | ABBV | $211.11 | $211.11 | 0.0% | Overvalued |
| 114 | Advanced Micro Devices | AMD | $147.61 | $147.61 | 0.0% | Overvalued |
| 115 | Caterpillar Inc. | CAT | $707.06 | $707.06 | 0.0% | Overvalued |
| 116 | Salesforce, Inc. | CRM | $193.99 | $193.99 | 0.0% | Overvalued |
| 117 | Cisco Systems, Inc. | CSCO | $79.33 | $79.33 | 0.0% | Overvalued |
| 118 | The Coca-Cola Company | KO | $21.90 | $21.90 | 0.0% | Overvalued |
| 119 | McDonald's Corporation | MCD | $320.57 | $320.57 | 0.0% | Overvalued |
| 120 | Texas Instruments | TXN | $193.75 | $193.75 | 0.0% | Overvalued |
Each company was valued using a two-stage discounted cash flow (DCF) model. Gemini 3.1 independently selected the FCF growth rate (Years 1-5), discount rate (WACC), and terminal growth rate for each company based on its business fundamentals.
All financial data comes from FY2025 10-K filings via S&P Global Market Intelligence. Stock prices are as of market close March 17, 2026. Click any company to see the full analysis with every assumption explained.
Every analysis was generated with the same prompt template below, sent to Gemini 3.1 via the Jules API. Replace COMPANY, TICKER, and ticker with any stock to reproduce or verify our results:
Create a two-stage DCF for [COMPANY] ([TICKER]). Fetch from https://stockanalysis.com/stocks/[ticker]/financials/ and /cash-flow-statement/ and /balance-sheet/. null over fake data. 10Y Treasury: 4.18%. ONE intrinsic value number. Verdict card, methodology, assumptions with rationale, FCF projections table, terminal value, sensitivity 5×5 matrix, risks, FAQ, disclaimer.
These valuations are for educational purposes only. They are computed by an AI model using a specific set of assumptions that may prove incorrect. This is not investment advice. Past performance does not predict future results. Always conduct your own due diligence and consult a licensed financial advisor before making investment decisions.