Equity investing

Intrinsic Value Calculator

Enter the next dividend, your required return and the dividend growth rate to estimate the intrinsic value per share.

  • Free
  • No sign-up
  • Updated for 2026

Dividend & growth

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Enter the dividend, required return and growth to see the intrinsic value.

Worked example

With these example inputs:

  • Next dividend$2
  • Required return8%
  • Dividend growth3%

Intrinsic value per share: $40

  • Next dividend$2
  • Return minus growth5.0%

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What this intrinsic value calculator does

This calculator shows the intrinsic value per share. You enter the next dividend, your required return, and the growth. The tool then uses the dividend discount model. So you see what a share is worth. It also shows the return minus growth. The result uses the currency you choose.

What intrinsic value is

Intrinsic value is a share's fair worth. It is based on the cash it pays out. So it ignores the daily market price. A share can trade above or below it. Value investors hunt for that gap. This tool gives a simple estimate.

How it is calculated

The tool takes the next dividend. It divides it by the return minus the growth. So a smaller gap gives a higher value. A bigger dividend gives a higher value. The result is your intrinsic value per share. The calculator does this for you.

What the result tells you

The result shows your intrinsic value per share. A two dividend, an eight percent return, and three percent growth give forty. A higher dividend lifts it. A smaller gap lifts it too. So it shows a fair price to pay. It is just a close estimate.

The next dividend

Your next dividend is the payout you expect next. It is the dividend one year out. A bigger dividend lifts the value. So this number sets the base. Use the next expected dividend per share. It drives the entire result here. Enter your next dividend.

The required return

Your required return is the yearly return you want. It is your hurdle rate for the share. A higher required return lowers the value. So this number raises the bar. Use the return you need to take the risk. It reflects how risky the share is. Enter your required return.

The dividend growth

Your dividend growth is how fast the payout grows. It is the yearly rise in the dividend. Faster growth lifts the value. So this number narrows the gap. Use a steady long-term growth rate. It must stay below the required return. Enter your dividend growth.

The return minus growth

The tool also shows the return minus growth. It is the gap that divides the dividend. Here it comes to five percent. So a smaller gap gives a bigger value. The value jumps as the gap shrinks. It must stay above zero.

Limits of the model

The model assumes a steady growth forever. Real dividends are rarely so smooth. So treat the result as a rough guide. It only works for dividend-paying shares. Growth above the return breaks the math. Use it alongside other measures.

How to use it

Enter your next dividend first. Add the required return and growth. Read the intrinsic value in your currency. Then compare it to the market price. Try a different growth rate. Test a higher return. Use it to judge a share.

A final tip

Use this to estimate a fair price for a share. Remember it leans on your own inputs. A small change in the gap moves it a lot. It suits stable, dividend-paying firms best. Always cross-check with other tools. Do not treat it as a sure value. It is a guide, not a guarantee.

Frequently asked questions

How is intrinsic value estimated?

This uses the dividend discount model: the next dividend divided by the required return minus its growth rate. A $2 dividend, 8% return and 3% growth gives about $40 a share.

What if growth is close to the required return?

As growth approaches the required return, the denominator shrinks and the value rises sharply. The model only works when the required return stays above the growth rate.