CSV (Carriage Services) Intrinsic Value: Projected FCF: $34.14 (As of Aug. 16, 2026) — 3384% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CSV Carriage Services Inc CSV
71 GF Score
Price $36.44
GF Value $39.38
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Carriage Services Intrinsic Value: Projected FCF?

Carriage Services CSV +4.35% 71 Intrinsic Value: Projected FCF is $34.14 as of Aug. 16, 2026, which is 3384% above its 10-year median of 0.98. GuruFocus rates CSV with a GF Score™ of 71/100 and a GF Value™ of $39.38 (Fairly Valued). The stock has 6 warning signs investors should review. Among 65 Personal Services companies, Carriage Services ranks better than 52.31% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-16), Carriage Services's Intrinsic Value: Projected FCF is $34.14. The stock price of Carriage Services is $36.44. Therefore, Carriage Services's Price-to-Intrinsic-Value-Projected-FCF of today is 1.1.

The historical rank and industry rank for Carriage Services's Intrinsic Value: Projected FCF or its related term are showing as below:

CSV' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.59   Med: 0.98   Max: 2.25
Current: 1.07

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Carriage Services was 2.25. The lowest was 0.59. And the median was 0.98.

CSV's Price-to-Projected-FCF is ranked better than
52.31% of 65 companies
in the Personal Services industry
Industry Median: 1.1 vs CSV: 1.07

Carriage Services  (NYSE:CSV) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Carriage Services's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=36.44/34.137446225018
=1.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Carriage Services Intrinsic Value: Projected FCF Related Terms


Carriage Services Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Carriage Services's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Carriage Services Intrinsic Value: Projected FCF Chart

Carriage Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.66 39.99 42.34 42.89 36.53

Carriage Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.44 37.86 36.53 37.17 34.14

CSV vs MED, RGS, CLIK: Intrinsic Value: Projected FCF Comparison

For the Personal Services subindustry, Carriage Services's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Carriage Services Price-to-Projected-FCF vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Carriage Services's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Carriage Services's Price-to-Projected-FCF falls into.


CSV
71GF Score
Carriage Services Inc CSV
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Carriage Services Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Carriage Services's Free Cash Flow(6 year avg) = $25.69.

Carriage Services's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(12.352161231452*25.68864+279.369*0.8)/15.842
=34.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $34.14 mean?
Carriage Services (CSV) has a Intrinsic Value: Projected FCF of $34.14 as of Aug. 16, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Carriage Services and its competitors. This is 3384% above median its historical median of 0.98. Over the past decade, Carriage Services' Intrinsic Value: Projected FCF has ranged from 0.59 to 2.25. According to the industry distribution chart, Carriage Services ranks #31 out of 65 companies in the Personal Services industry, placing it in the top 47.7%.
Is Carriage Services' Intrinsic Value: Projected FCF too high?
Carriage Services' current Intrinsic Value: Projected FCF of $34.14 is 3384% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.25. The Personal Services industry median Intrinsic Value: Projected FCF is 1.10. Carriage Services' value of $34.14 is 3003.6% above this industry median. Based on the distribution chart, Carriage Services ranks #31 out of 65 companies in the Personal Services industry, which is above the industry midpoint. Overall, Carriage Services has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Carriage Services' Intrinsic Value: Projected FCF compare to MED and RGS?
According to the Personal Services industry distribution chart, Carriage Services ranks #31 out of 65 companies for Intrinsic Value: Projected FCF. This puts Carriage Services in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 1.10. Carriage Services' value of $34.14 is 3003.6% above this benchmark. Historically, Carriage Services' own Intrinsic Value: Projected FCF has ranged from 0.59 to 2.25 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.10, Carriage Services has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Personal Services company?
The median Intrinsic Value: Projected FCF among Personal Services companies is 1.10, based on 65 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carriage Services's current Intrinsic Value: Projected FCF of $34.14 is 3003.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Carriage Services and its competitors. For the Personal Services industry, the median Intrinsic Value: Projected FCF is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carriage Services's current Intrinsic Value: Projected FCF is $34.14, which is 3384% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carriage Services stock overvalued right now?
Based on GuruFocus' analysis, Carriage Services (CSV) is currently considered Fairly Valued. The stock's GF Value™ is $39.38, compared to a current price of $36.44 — trading 7.5% below its estimated fair value. The current Intrinsic Value: Projected FCF is $34.14, which is 3384% above median its 10-year median of 0.98 and 3003.6% above the Personal Services industry median of 1.10. Carriage Services' overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Carriage Services (CSV), the current Intrinsic Value: Projected FCF is $34.14 as of Aug. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Carriage Services (CSV) Overvalued in 2026?

Based on GuruFocus' analysis, Carriage Services stock appears to be undervalued. The current stock price of $36.44 is trading 7.5% below its estimated GF Value™ of $39.38. GuruFocus considers Carriage Services to be Fairly Valued.

Key valuation signals for CSV:

  • Intrinsic Value: Projected FCF: $34.14 (3384% above median its 10-year median of 0.98)
  • GF Value™: $39.38 vs. price of $36.44 (7.5% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 3003.6% above the Personal Services median (#31 of 65)

No single metric tells the full story. See the CSV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carriage Services Business Description

Other Exchanges C57:Germany
Address 3040 Post Oak Boulevard, Suite 300, Houston, TX, USA, 77056
Carriage Services Inc is a provider of funeral and cemetery services and merchandise in the United States. It operates in two business segments: The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise. The company enables the use of funeral home facilities for visitation, remembrance, and transportation services. The Cemetery Operations segment provides services, such as mausoleum spaces and niches, private estates, lawn crypt gardens, traditional single burial gravesites, and burial vaults. The majority of revenue is derived from The Funeral Home Operations segment.
71GF Score

Get the complete analysis for CSV

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.44
Price
$39.38
GF Value