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Fiserv Inc (FISV) stock analysis

FISVNasdaqServices-Business Services, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 6/3038% below fair value
$61.50−2.40 (-3.76%)

Close on Nov 12, 2026Market cap $32.70BP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value3Growth1Performance1Health1Dividend0

Weak6 of 30 checks passed

Fiserv passes 6 of the 30 checks behind our score; 9 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
3/6
Growth
1/6
Past performance
1/6
Financial health
1/6
Dividend
0/6

What stands out

  • Margin of safety over 20%

    The price is 38.1% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $63.90 is below our fair value estimate of $103.21.

  • Earnings grew over 5 years

    Net income grew 29.4% a year on average over the last five fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 17.5% a year over the last three fiscal years.

What to watch

  • Return on equity under 15%

    Return on equity was -17.0% over the last twelve months and averaged 9.3% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -3.5%, below the 10% that usually covers the cost of capital.

  • High debt

    Debt is 129% of shareholders' equity, above the 40% we consider low.

  • Revenue growing under 10% a year

    Revenue grew 6.1% a year over the last three fiscal years, short of the 10% we look for.

Valuation3/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/B below the industry

    Fiserv's price-to-book of 1.61 is below the Miscellaneous Business Services median of 2.48.

  • Trading below fair value

    The share price of $63.90 is below our fair value estimate of $103.21.

  • Margin of safety over 20%

    The price is 38.1% below fair value, more than the 20% cushion we look for.

Growth1/6

  • Revenue growing under 10% a year

    Revenue grew 6.1% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing 10%+ a year

    Diluted EPS grew 17.5% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew -209% over the last twelve months, against a 5-year average of 29.4% a year.

  • Growing slower than the industry

    Revenue grew -1.7% over the last twelve months; the Miscellaneous Business Services median is 9.9%.

  • Guidance lowered

    Fiserv lowered its 2026 organic revenue outlook on Aug 6, 2026.

  • Gross margin trend

    This company does not report gross profit.

Past performance1/6

  • Return on equity under 15%

    Return on equity was -17.0% over the last twelve months and averaged 9.3% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -3.5%, below the 10% that usually covers the cost of capital.

  • Return on equity below the industry

    Fiserv's return on equity of -17.0% is below the Miscellaneous Business Services median of 6.8%.

  • Earnings grew over 5 years

    Net income grew 29.4% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was -18.9% over the last twelve months, against a 5-year average of 14.1%.

  • Net margin below the industry

    Fiserv's net margin of -18.9% is below the Miscellaneous Business Services median of 3.8%.

Financial health1/6

  • High debt

    Debt is 129% of shareholders' equity, above the 40% we consider low.

  • Debt rising against equity

    Debt to equity rose from 64.0% five years ago to 129%.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals 18.6% of total debt; we look for at least 20%.

  • Interest not well covered

    Operating income covers interest expense -1.5 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 1.04 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is 1.03; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Fiserv has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$103.21

The share price is 38% below this estimate.

20%+ below
Near fair value
20%+ above
$63.90Price$103.21Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/B2.4×2.4×2.5×$96.9229%
P/S2.9×4.2×1.7×$114.4329%
Earnings power8.2% cost of equity––$99.9243%
Fair value$103.21100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 30.3
  • Miscellaneous Business Services median 25.8

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$374.66M
Value traded per 1% price move
$206.81M

Downside

Medium risk

Typical loss in a bad month
15.3%
Volatility (annualized)
40%
Sharpe ratio, 1 year
-0.11
Beta to the S&P 500 (5Y)
0.67

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

–

Operating margin

27.5%+15.0 pts over 5 years

Net margin

16.4%+10.0 pts over 5 years

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