Using the industry peer median P/E multiple (trailing + forward), Fidelity National Information Services, Inc. (FIS) has a fair value of $51.81 based on 4 comparable companies in the Information Technology Services industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Fidelity National Information Services, Inc.FIS | 24,611 | 63.2x | 8.2x |
| Keysight Technologies, Inc.KEYS | 48,479 | 57.9x | 39.9x |
| Cognizant Technology Solutions CorporationCTSH | 29,273 | 13.3x | 11.7x |
| Leidos Holdings, Inc.LDOS | 19,925 | 14.2x | 15.6x |
| Broadridge Financial Solutions, Inc.BR | 18,914 | 22.8x | 17.0x |
| Industry Median | 18.5x | 16.3x | |
| (*) Profit after tax | 382 | 2,996 | |
| Equity Value | 7,064 | 46,714 | |
| (/) Outstanding shares | 519 | 519 | |
| Fair Price | $14 | $90 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.