Company Valuation: Gartner, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 27,494 26,563 35,163 37,369 18,184 12,415 - -
Change - -3.39% 32.38% 6.27% -51.34% -31.72% - -
Enterprise Value (EV) 1 29,200 28,327 36,303 37,896 19,443 13,957 13,609 13,365
Change - -2.99% 28.16% 4.39% -48.69% -28.21% -2.5% -1.79%
P/E 36.3x 33.7x 40.7x 30.3x 26.1x 14.4x 12.8x 11.1x
PBR 76.6x 118x 51.9x 55.1x 55.9x 80.1x 12.3x 13.7x
PEG - 4.14x 3.6x 0.7x -0.7x 0.3x 1x 0.7x
Capitalization / Revenue 5.81x 4.83x 5.96x 5.93x 2.8x 1.93x 1.86x 1.77x
EV / Revenue 6.17x 5.15x 6.15x 6.02x 2.99x 2.17x 2.04x 1.91x
EV / EBITDA 22.7x 19.3x 24.5x 24.4x 12.1x 8.67x 8.1x 7.51x
EV / EBIT 31.9x 25.8x 29.3x 32.8x 19x 10.6x 9.92x 9.21x
EV / FCF 23.3x 28.5x 34.5x 27.4x 16.5x 11.6x 11.1x 10.4x
FCF Yield 4.29% 3.51% 2.9% 3.65% 6.04% 8.64% 9.03% 9.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 9.21 9.96 11.08 16 9.65 13.69 15.42 17.72
Distribution rate - - - - - - - -
Net sales 1 4,734 5,500 5,900 6,300 6,500 6,421 6,683 7,010
EBITDA 1 1,288 1,471 1,483 1,556 1,611 1,611 1,681 1,780
EBIT 1 916 1,100 1,237 1,156 1,026 1,314 1,372 1,451
Net income 1 794 808 882 1,254 729 904.8 946.3 1,022
Net Debt 1 1,706 1,763 1,139 526.8 1,259 1,542 1,194 949.7
Reference price 2 334.32 336.14 451.11 484.47 252.28 196.60 196.60 196.60
Nbr of stocks (in thousands) 82,239 79,024 77,949 77,134 72,077 63,149 - -
Announcement Date 2/8/22 2/7/23 2/6/24 2/4/25 2/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.57x3.69x12.9x2.94% 217B
13.47x1.48x7.8x3.56% 111B
-110.32x17.53x101.37x-.--% 109B
14.7x2.68x10.13x5.59% 86.11B
20.25x5.32x13.06x2.81% 61.39B
14.68x2.14x9.06x5.31% 47.55B
20.97x1.72x10.57x1.44% 40.45B
20.28x1.53x9.74x0.91% 38.87B
17.92x2.26x10.85x4.87% 36.84B
Average 3.84x 4.26x 20.61x 3.05% 83.12B
Weighted average by Cap. -0.23x 5.02x 24.13x 2.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield