Oracle Corporation (ORCL): the growth the price implies
At 134.44 there is no growth rate behind the price on these assumptions. Free cash flow is zero or negative, so there is no implied growth rate: growing a negative number never reaches a positive value, at any rate. n/a rather than 0%, because 0% would be a claim about the business.
What went in
| Share price, close of 2026-10-15 | 134.44 |
|---|---|
| Free cash flow, FY2026 | -23,686m |
| Diluted shares, FY2026 | 2,914m |
| Net debt (total debt 167,432m less cash 31,289m) | 136,143m |
| Assumed: forecast years, perpetual growth, discount rate | 10, 2.5%, 9% |
The three filed figures are read from 10-K, filed 2026-06-22, in millions of US dollars. Nobody files a growth rate or a discount rate: those three are assumptions, printed so you can disagree with them.
How much the answer depends on the discount rate
| Starting cash flow | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| FY2026 filed -23,686m | n/a | n/a | n/a | n/a | n/a |
| Three-year average -4,091m | n/a | n/a | n/a | n/a | n/a |
Each cell is the yearly free cash flow growth the price implies over 10 years with 2.5% after, at that discount rate. n/a means no rate reaches the price, for the reason the reverse DCF calculator names.
Today's multiples against its own filed years
| Figure | Today | Low | Median | High | Years |
|---|---|---|---|---|---|
| P/E | 22.63x | 17.04x | 30.71x | 54.96x | 10 |
| EV/EBIT | 25.62x | 17.06x | 27.80x | 38.54x | 2 |
| FCF yield | -6.0% | -3.6% | 4.7% | 6.9% | 10 |
P/E, free cash flow yield and EV to EBIT set each filed year against the close on or within a week before that fiscal year's end. The price archive here is about five years deep, so older years of those three read n/a. Per-share figures and share counts are put on today's share count after a confirmed split, the basis the price archive is kept on.
With an input missing the editable DCF is not drawn here. The DCF calculator takes the figures you supply.
An implied growth rate is a statement about what a price assumes, not a forecast and not a value of ours. A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.