Using the industry peer median P/E multiple (trailing + forward), VeriSign, Inc. (VRSN) has a fair value of $139.20 based on 4 comparable companies in the Software - Infrastructure industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| VeriSign, Inc.VRSN | 23,224 | 28.5x | 31.4x |
| Corpay, Inc.CPAY | 20,612 | 19.6x | 15.5x |
| PTC Inc.PTC | 17,233 | 23.8x | 29.0x |
| Gen Digital Inc.GEN | 11,702 | 18.4x | 9.7x |
| GoDaddy Inc.GDDY | 10,994 | 13.1x | 11.7x |
| Industry Median | 19.0x | 13.6x | |
| (*) Profit after tax | 826 | 741 | |
| Equity Value | 15,699 | 10,081 | |
| (/) Outstanding shares | 93 | 93 | |
| Fair Price | $170 | $109 | |
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.