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 11,772 - -
Change - -3.39% 32.38% 6.27% -51.34% -35.26% - -
Enterprise Value (EV) 1 29,200 28,327 36,303 37,896 19,443 13,207 12,845 12,577
Change - -2.99% 28.16% 4.39% -48.69% -32.07% -2.73% -2.09%
P/E 36.3x 33.7x 40.7x 30.3x 26.1x 13.6x 12.2x 10.7x
PBR 76.6x 118x 51.9x 55.1x 55.9x 75.9x 11.6x 13x
PEG - 4.14x 3.6x 0.7x -0.7x 0.3x 1x 0.8x
Capitalization / Revenue 5.81x 4.83x 5.96x 5.93x 2.8x 1.83x 1.76x 1.68x
EV / Revenue 6.17x 5.15x 6.15x 6.02x 2.99x 2.06x 1.92x 1.8x
EV / EBITDA 22.7x 19.3x 24.5x 24.4x 12.1x 8.2x 7.64x 7.07x
EV / EBIT 31.9x 25.8x 29.3x 32.8x 19x 10x 9.36x 8.67x
EV / FCF 23.3x 28.5x 34.5x 27.4x 16.5x 11x 10.5x 9.8x
FCF Yield 4.29% 3.51% 2.9% 3.65% 6.04% 9.1% 9.57% 10.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 9.21 9.96 11.08 16 9.65 13.67 15.27 17.36
Distribution rate - - - - - - - -
Net sales 1 4,734 5,500 5,900 6,300 6,500 6,419 6,680 7,007
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 1,434 1,073 805.2
Reference price 2 334.32 336.14 451.11 484.47 252.28 186.42 186.42 186.42
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.06x3.76x13.13x2.88% 221B
-131.77x18.43x100.28x-.--% 119B
13.87x1.53x8.03x3.46% 114B
14.91x2.73x10.29x5.51% 88.29B
20.51x5.38x13.21x2.78% 61.88B
14.81x2.16x9.15x5.26% 48.47B
21.96x1.8x11.18x1.33% 43.35B
21.25x1.61x10.31x0.89% 41.03B
17.85x2.28x10.7x4.89% 37.07B
Average 1.83x 4.41x 20.70x 3% 86.05B
Weighted average by Cap. -4.11x 5.30x 24.81x 2.87%

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