Thomson Reuters Corporation Common Shares (TRI) Fair Value & Analysis
Industrials · US · Market cap $35.2B · ISIN CA8849038812
What is Thomson Reuters Corporation Common Shares really worth?
A strong business, but trading 62% above our fair value of $68.90.
Strengths
Risks
For context
Fair value as of: Aug 30, 2026
From 24 valuation models · updated 6 days ago
Share price +2.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 77/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case ($90.32). The favourable scenario is already priced in.
- A fairly wide model range ($47.41 to $90.32) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range $76.55 – $206.35 · fair‑value band $47.41 – $90.32 · the $111.76 price screens above the $68.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
Thomson Reuters Corporation Common Shares (TRI) currently trades at $111.76, while our model-based Fair Value estimate is $68.90, implying the stock looks roughly 62.2% overvalued today. The Quality Score stands at 77/100 (high quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of $61.65 per share, and 0 of the 24 models we run sit above the $111.76 price. Bear case: the Asset-Based group reads lowest at $18.29, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Thomson Reuters Corporation Common Shares generated revenue of $7.7B at a net margin of 19.9%. Revenue grew 9.8% year over year. It earns a return on equity of 12.7%. Net debt stands at $1.6B. Fundamentals as of Aug 30, 2026
Our scenario range runs from $47.41 (bear case) to $90.32 (bull case); at $111.76, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 47% below its 52-week high and 47% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −17% fair-value upside, at −38%, TRI screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.6808 per share, which is 1.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models ($61.65) versus Asset-Based ($18.29). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 72 · Market factors (momentum, volatility) 41
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Thomson Reuters Corporation operates as a content and technology company in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through five segments: Legal Professionals, Corporates, Tax, Audit & Accounting Professionals, Reuters News, and Global Print.
Full company description
Thomson Reuters Corporation operates as a content and technology company in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through five segments: Legal Professionals, Corporates, Tax, Audit & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments. The Corporates segment provides a suite of content-driven technologies, including generative AI and integrated compliance workflow solutions to small businesses and multinational organizations. Tax, Audit & Accounting Professionals segment offers research and workflow products to tax, audit, and accounting firms. The Reuters News segment provides business, financial, and international news to media organizations, professional, and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products, and to financial firms. The Global Print segment offers legal and tax information primarily in print format. The company was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in April 2008. The company was founded in 1799 and is headquartered in Toronto, Canada. Thomson Reuters Corporation is a subsidiary of The Woodbridge Company Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Thomson Reuters Corporation Common Shares reported revenue of $7.5B in FY2025 versus $6.3B in FY2021, a compound +4.2%/yr. Reported net income was $1.5B in FY2025, compounding −28.3%/yr from FY2021.
of which total revenue −5.3 % · buybacks/dilution +4.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
TRI screens 62% overvalued. Compare with Cintas Corporation →
Peer Group
Specialty Business Services · 248 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Specialty Business Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cintas Corporation CTAS | $204.15 | $95.19 | −53% |
| RELX PLC RELX | $34.55 | $32.24 | −7% |
| Copart, Inc CPRT | $32.76 | $28.59 | −13% |
| Global Payments Inc GPN | $91.05 | $68.98 | −24% |
| RB Global, Inc RBA | C$119.68 | C$68.30 | −43% |
| Brambles Limited BXB | A$19.47 | A$17.27 | −11% |
| UL Solutions Inc ULS | $74.43 | $33.62 | −55% |
| Wolters Kluwer N.V WKL | €68.88 | €101.27 | +47% |
| Aramark ARMK | $59.08 | $13.18 | −78% |
| Rentokil Initial plc RTO | $23.55 | $19.63 | −17% |
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