NYSE: FCN · Consulting Services
FTI Consulting (FCN) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values FTI Consulting (FCN) at $173.86 a share. The stock last closed at $195.99, which puts the model's fair value 11.3% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 5 Nov 2026. FTI Consulting, Inc.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $166.82 to $173.86 (+4.2%). The stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move.
What the model makes of itThe price of $195.99 is 11.3% above it: Fairly valued, on a medium evidence grade.
What's nextNext report on 25 Feb 2027. Options prices imply a move of about 11% either way over the next month. On the model's Earnings Momentum list since 3 Nov 2026 (a strategy with a proving record). The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give FCN?
The calibrated range for FCN over 63 trading days is $175.55 to $224.39. It sits around the last close, and its width comes from the volatility that FCN's own options imply (37% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $130.87 to $225.42. In 44% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
FTI Consulting, Inc. is a global advisory firm. It helps organisations through significant transitions, mitigates potential risks and resolves intricate disputes.
Faircurve's model puts the fair value at $173.86 a share, the midpoint of 2,000 simulations, from the run on 31 Oct 2026. The previous run, on 24 Oct 2026, gave $166.82, a move of +4.2%. In the model's words, the stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move. The calibrated range over 63 trading days is $172.30 to $223.53. Ranges built this way held the price 60% of the time at this horizon. The evidence grade is Medium, which looks at input completeness, comparable companies and their agreement, and the spread of outcomes. It does not say whether the fair value is right.
The model's overall quality score is 64 out of 100, a composite of six factors scored against comparable companies. Capital discipline scores 100, with net buybacks at 13.7% of market value against a peer median of 4.0%. Growth quality scores 39, with trailing revenue growth of 2.4% against a peer median of 9.3%. The model compares the company with Equifax Inc. (EFX), Schneider National, Inc. (SNDR), Everus Construction Group, Inc. (ECG), Landstar System, Inc. (LSTR) and Argan, Inc. (AGX), and with Booz Allen Hamilton Holding Corporation (BAH), Graham Holdings Company (GHC) and KBR, Inc. (KBR), which have no verdict on this date.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does FCN report earnings, and how has the stock reacted?
FTI Consulting's next earnings report is scheduled for 25 Feb 2027. Companies can move their dates.
Options prices on 5 Nov 2026 imply a move of about 6.2% in either direction through the nearest expiry, about 14 days out. That is the size the market is pricing, not a direction. FCN's 30 day implied volatility works out to about 10.7% over one month.
On 2 Nov 2026 FCN moved 4.9% in one session, against the 2.2% a day that options had priced: 2.2 times the implied size.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across FCN's last 8 reports, ignoring direction, was 4.6%.
What the options market has priced for a month's move in FCN
How does FCN score on business quality?
FTI Consulting's overall quality score is 64 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 53 | 11.2%ROIC | 12.5% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 80 | 1.70xFCF / net income | 1.45x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 39 | 2.4%Revenue growth, trailing | 9.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 100 | 13.7%Net buybacks / market value | 4.0% |
| Balance sheetNet debt to EBITDA and interest coverage. | 57 | 2.45xNet debt / EBITDA | 2.69x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 88 | 0.4 ptsEBITDA margin downside volatility, 5y | 0.7 pts |
How does FCN compare with similar companies?
The companies in consulting services closest to FTI Consulting in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| BAH Booz Allen Hamilton Holding Corporation | $89.32 | $96.87 | +8.5% | Data under review |
| EFX Equifax Inc. | $193.84 | $193.80 | 0.0% | Fairly valued |
| SNDR Schneider National, Inc. | $28.24 | $34.86 | +23.4% | Undervalued |
| GHC Graham Holdings Company | $1,217.86 | $1,214.44 | -0.3% | Low evidence grade |
| KBR KBR, Inc. | $38.04 | $42.86 | +12.7% | Low evidence grade |
| ECG Everus Construction Group, Inc. | $72.44 | $105.07 | +45.0% | Undervalued |
| LSTR Landstar System, Inc. | $145.64 | $133.42 | -8.4% | Fairly valued |
| AGX Argan, Inc. | $261.21 | $322.99 | +23.7% | Undervalued |
What the comparable companies' multiples alone would give for FCN, the peer-implied price, is $136.87 a share on this run. The fair value weighs that against the company's own multiple.
FTI Consulting at a glance
FTI Consulting, Inc. is a global advisory firm dedicated to assisting organizations in navigating significant transitions, mitigating potential risks, and resolving intricate disputes.
- Market value
- $5.0B
- Sector
- Industrials
- Industry
- Consulting Services
- Revenue expected, next twelve months
- $4.2B
- Consensus revenue growth, next fiscal year
- +5.6%
- Analysts with estimates
- 1
- Beta to the US market
- -0.52
- First valued by Faircurve
- 11 Jul 2026
At the close of 5 Nov 2026, 56.0% of the 1,065 graded US stocks the model covers traded below the model's fair value. FCN was not among them.
How the fair value is worked out: the model prices FTI Consulting on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for FCN was $166.82. As of 31 Oct 2026 it is $173.86, a change of +4.2%. The stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about FTI Consulting's valuation
Is FTI Consulting stock undervalued or overvalued?
On Faircurve's model, FCN reads as Fairly valued as of 31 Oct 2026. The model's fair value is $173.86 a share against a last close of $195.99, a gap of -11.3%.
What is FCN's fair value?
$173.86 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $130.87 to $225.42.
What price range does the model give FCN?
$175.55 to $224.39 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does FTI Consulting report earnings next?
The next report is scheduled for 25 Feb 2027. Companies can move their dates.
How much has FCN moved on past earnings reports?
Across its last 8 reports the median two session move was 4.6%, ignoring direction. The largest was +15.3% around the report of 29 Oct 2026.
How confident is the model in this valuation?
The model's evidence grade for FCN is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on FCN
The model has an idea open on FCN under Earnings Momentum since 3 Nov 2026, a strategy with a proving record. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on FCN with their outcomes. A free account is enough.