Verizon Communications Inc (VZ) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Verizon Communications Inc $70.27, price $44.42, upside +58.2%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 15, 2026.
How to read this chart
60‑month range $25.21 – $50.66 · fair‑value band $38.35 – $98.17 · the $44.42 price screens below the $70.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 15, 2026.
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Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide.
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It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).
The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smartwatches, and other wireless-enabled connected devices.
The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network.
The Business segment provides wireless and wireline communications services and products, including FWA and wireline broadband, advanced communication services, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally.
The company distributes its products and services through direct channels, company-operated stores, digital and omnichannel platforms, indirect agents, business solution resellers, and national retailers.
The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
Stock analysis
Verizon Communications Inc (VZ) currently trades at $44.42, while our model-based Fair Value estimate is $70.27, implying the stock looks roughly 36.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $75.52 per share, and 19 of the 25 models we run sit above the $44.42 price.
Bear case: the Asset-Based group reads lowest at $16.85, and 6 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $38.35 (bear) to $98.17 (bull), the price of $44.42 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Communication Services sector.
Mixed Growth: Spin-off in 2010: revenue and profit before it include the divested business. Growth is measured afresh from 2010.
Verizon Communications Inc reported revenue of $138B in FY2025 versus $134B in FY2021, a compound +0.8%/yr. Reported net income was $17.2B in FY2025, compounding −6.1%/yr from FY2021.
Key figures
Market cap $185B · P/E ratio 11.5 · P/S ratio 1.43 · EPS (TTM) $3.85 · Dividend yield 6.3% · Net margin 12.4% · Return on equity 15.8% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 20% fair-value upside, at 58%, VZ screens cheaper than that median.
Fair Value models
Bear$38.35Fair Value $70.27Bull$98.17
Price $44.42 · Upside +58.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.8324 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF$38.10$70.14$116.8078
Growth DCF$39.82$69.15$109.7877
Residual Income$26.84$33.36$47.3575
All 25 models by family
DCF Models
FCF DCF$38.10$70.14$116.8078
Owner Earnings$33.88$63.91$107.6374
5Y Revenue Exit$33.80$67.37$109.0370
5Y EBITDA Exit$53.26$102.51$158.2873
5Y P/E Exit$33.54$66.90$100.5169
10Y Revenue Exit$32.90$63.41$101.9565
10Y EBITDA Exit$47.01$87.36$138.3567
10Y P/E Exit$34.61$63.09$95.6563
Earnings-Based
Graham-Dodd$28.11$72.51$94.4565
PEG = 1.0$13.66$19.51$25.3657
EPV$26.46$35.71$43.7974
Dividend Discount
Gordon GGM$25.37$50.06$83.6966
DDM Multi-Stage$25.37$38.86$53.3866
Multiples
P/E Multiple$68.20$90.94$113.6763
P/S Multiple$52.70$70.27$87.8458
P/B Multiple$52.70$70.27$87.8455
EV/EBIT$55.51$83.68$111.8565
EV/EBITDA$74.13$108.50$142.8867
EV/Revenue$35.09$62.55$90.0252
Asset-Based
NCAV (Graham)$12.57$16.85$25.1454
Growth DCF
Growth DCF$39.82$69.15$109.7877
Rev-Margin DCF$33.80$67.91$105.3371
Economic Profit
Residual Income$26.84$33.36$47.3575
ROIC Compounder$26.73$39.88$55.7071
Growth Earnings
Growth-Adj P/E$52.86$75.52$98.1767
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2010: revenue and profit before it include the divested business. Growth is measured afresh from 2010.
Revenue growth 1 year
+2.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.5%
Start year 2020 (pandemic). Over 10 years: +0.5% a year
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+5.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.1%
Dividend (yield on the price)6.3%
Per share before 2010divided by the spin-off factor 1.0662
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2.7% vs 2.4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 21%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −1.1% a year for the price and −0.4% for the forecasts.
AI conclusion: The business shows a moderate moat from network scale and oligopoly positioning that delivers stable cash flows, yet it remains constrained by high leverage and limited differentiation.
Main risk: Satellite providers acquiring spectrum for direct-to-device services could constrain growth in the core wireless business.
Verizon is rolling out Google Cloud AI tools to unify data and automate customer service as well as network fixes. Satellite providers meanwhile are acquiring spectrum that could support direct-to-device service in more places. Does the AI push create durable advantages in retention and operations or does the expanding satellite option limit growth in the core wireless business?
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Peer Groupⓘ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.Telecom Services · 237 stocks
Beats the industry median on 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+58.2% · Above median
Profitability
Return on equity (12 months)15.8% · Above median
Return on assets4.3% · Above median
Net margin (12 months)11.6% · Above median
Operating margin (12 months)23.0% · Top 25%
Growth and dividend
Revenue growth−0.7% · Below median
Dividend yield (12 months)6.3% · Top 25%
Balance sheet
Debt / equity1.34× · Highest 25%
Valuation Multiplesvs Telecom Services median · lower = cheaper
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Is Verizon Communications Inc (VZ) overvalued or undervalued?
As of Oct 15, 2026, our model estimates a fair value of $70.27 versus a price of $44.42, about +58% upside (undervalued).
What is the fair value of VZ?
Our model-based fair value for Verizon Communications Inc is $70.27 (as of Oct 15, 2026), built from audited fundamentals. The current price: $44.42.
What is the quality score of VZ?
Verizon Communications Inc has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Verizon Communications Inc (VZ)?
Our model-based price target is the fair value of $70.27 (as of Oct 15, 2026) from 25 valuation models. Cautious scenario $38.35, optimistic scenario $98.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Verizon Communications Inc stock forecast for 2026?
Our models put fair value at $70.27, about +58% upside versus a price of $44.42 (undervalued). Cautious scenario $38.35, optimistic scenario $98.17. The calculation is refreshed regularly with new filings.
What is the revenue of Verizon Communications Inc (VZ)?
Verizon Communications Inc reported trailing-twelve-month revenue of about $139B (latest available figure, as of Oct 15, 2026).
Does Verizon Communications Inc pay a dividend?
Verizon Communications Inc currently shows a dividend yield of about 6.29% relative to its recent price (as of Oct 15, 2026).
What growth is priced into Verizon Communications Inc (VZ)?
For today's price to be fair in a discounted-cash-flow model, Verizon Communications Inc would have to grow free cash flow by +1.3 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.5 % per year. As of Oct 15, 2026.
What discount rate (WACC) does the fair value of VZ use?
Our models discount Verizon Communications Inc at 8.1 %: a base by market capitalisation (large), damped by beta 0.24, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Verizon Communications Inc that is +1.3 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Verizon Communications Inc (VZ) delivered so far?
Over the past 5 years revenue at Verizon Communications Inc grew +1.5 % a year. The price currently implies +1.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Verizon Communications Inc (VZ) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Verizon Communications Inc (+1.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Verizon Communications Inc (VZ)?
The free-cash-flow yield on the price is 10.86 %: that much free cash flow Verizon Communications Inc produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Verizon Communications Inc (VZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Verizon Communications Inc it is $70.27 per share (as of Oct 15, 2026), against a price of $44.42. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Verizon Communications Inc stock overvalued or undervalued in 2026?
As of Oct 15, 2026, VZ trades below its calculated fair value: price $44.42, fair value $70.27, a gap of about +58% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VZ?
No. The price is what the market pays today ($44.42); the fair value is what the company's own numbers justify ($70.27). For Verizon Communications Inc the two are $25.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is Verizon Communications Inc worth?
The market values Verizon Communications Inc at about $185B (market capitalisation, as of Oct 15, 2026). Per share that is $44.42; our models calculate a fair value of $70.27 per share.
What do the bullish and bearish scenarios say about VZ?
Our models span a range for Verizon Communications Inc: cautious scenario $38.35, base $70.27, optimistic $98.17 per share (as of Oct 15, 2026, price $44.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VZ?
Verizon Communications Inc trades at a price-to-earnings ratio of 11.5 (as of Oct 15, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $70.27 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 10.1. Other multiples: PEG 0.8, P/B 1.8, P/S 1.3, EV/EBITDA 6.0.
What is the PEG ratio of VZ?
The PEG ratio of Verizon Communications Inc is 0.83 (P/E divided by earnings growth, as of Oct 15, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Verizon Communications Inc (VZ)?
Balance-sheet figures for Verizon Communications Inc (as of Oct 15, 2026): return on equity 15.8%, debt of 1.34 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is VZ from its 52-week high?
Verizon Communications Inc trades at $44.42, about 12% below its 52-week high of $50.66 and 23% above the low of $36.00 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of $70.27 is for.
Which stocks are comparable to Verizon Communications Inc?
From the same area (Communication Services) we also value China Mobile Limited, T-Mobile US, Inc, AT&T Inc, Bharti Airtel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Verizon Communications Inc stock attractive at the current price?
The data as of Oct 15, 2026: price $44.42, calculated fair value $70.27 (+58%), Quality Score 57/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VZ calculated?
We run Verizon Communications Inc through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $70.27, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Verizon Communications Inc currently trades 37 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Verizon Communications Inc (VZ)?
The closing price on Oct 14, 2026 was $44.42. Our model-based fair value is $70.27, about +58% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Verizon Communications Inc right now?
Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($38.35 to $98.17) leaves room in how you read the outcome.
Where does the earnings growth of Verizon Communications Inc (VZ) come from?
Earnings per share at Verizon Communications Inc grew +1.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.2 %, EBIT margin +0.9 %, tax rate +1.4 %, residual (interest, one-offs) −1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Verizon Communications Inc
How large is the market capitalisation of Verizon Communications Inc (VZ)?
The market capitalisation of Verizon Communications Inc is $185B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Verizon Communications Inc (VZ)?
The price-to-sales ratio of Verizon Communications Inc is 1.43 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Verizon Communications Inc (VZ)?
Earnings per share at Verizon Communications Inc are $3.85 (price ÷ EPS = P/E 11.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Verizon Communications Inc (VZ)?
The dividend yield of Verizon Communications Inc is 6.3% (payout 72.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Verizon Communications Inc (VZ)?
The net margin of Verizon Communications Inc is 12.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Verizon Communications Inc (VZ)?
The return on equity (ROE) of Verizon Communications Inc is 15.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Verizon Communications Inc (VZ)?
On an EBIT basis the return on assets of Verizon Communications Inc is 7.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Verizon Communications Inc (VZ)?
The operating margin of Verizon Communications Inc is 23.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Verizon Communications Inc (VZ)?
Revenue at Verizon Communications Inc is growing −0.7% versus a year earlier (3y avg +0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Verizon Communications Inc (VZ)?
Earnings per share at Verizon Communications Inc are growing −22.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Verizon Communications Inc (VZ) carry?
The net debt of Verizon Communications Inc is $182B (fiscal year 2025, ≈ 9.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 15, 2026