SF (Stifel Financial) Intrinsic Value: Projected FCF: $95.28 (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

SF Stifel Financial Corp SF
84 GF Score
Price $75.79
GF Value $79.31
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Stifel Financial Intrinsic Value: Projected FCF?

Stifel Financial SF +0.37% 84 Intrinsic Value: Projected FCF is $95.28 as of Sep. 20, 2026. GuruFocus rates SF with a GF Score™ of 84/100 and a GF Value™ of $79.31 (Fairly Valued). The stock has 2 warning signs investors should review. Among 509 Capital Markets companies, Stifel Financial ranks better than 59.92% 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 (2026-09-20), Stifel Financial's Intrinsic Value: Projected FCF is $95.28. The stock price of Stifel Financial is $75.79. Therefore, Stifel Financial's Price-to-Intrinsic-Value-Projected-FCF of today is 0.8.

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

SF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.45   Med: 0.8   Max: 1.94
Current: 0.8

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Stifel Financial was 1.94. The lowest was 0.45. And the median was 0.80.

SF's Price-to-Projected-FCF is ranked better than
59.92% of 509 companies
in the Capital Markets industry
Industry Median: 1.01 vs SF: 0.80

Stifel Financial  (NYSE:SF) 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.

Stifel Financial's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=75.79/103.40121939095
=0.73

* 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.


Stifel Financial Intrinsic Value: Projected FCF Related Terms


Stifel Financial Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Stifel Financial'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.

Stifel Financial Intrinsic Value: Projected FCF Chart

Stifel Financial 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 75.15 87.56 103.12 94.53 100.41

Stifel Financial 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 100.98 106.29 110.18 105.43 108.13

SF vs JEF, IREN, EVR: Intrinsic Value: Projected FCF Comparison

For the Capital Markets subindustry, Stifel Financial'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.


Stifel Financial Price-to-Projected-FCF vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Stifel Financial's Price-to-Projected-FCF distribution charts can be found below:

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


SF
84GF Score
Stifel Financial Corp SF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stifel Financial 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 Stifel Financial's Free Cash Flow(6 year avg) = $893.61.

Stifel Financial'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)
=(13.319242326454*893.61312+6013.241*0.8)/161.631
=103.40

* 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 $95.28 mean?
Stifel Financial (SF) has a Intrinsic Value: Projected FCF of $95.28 as of Sep. 20, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Stifel Financial and its competitors. According to the industry distribution chart, Stifel Financial ranks #204 out of 509 companies in the Capital Markets industry, placing it in the top 40.1%.
Is Stifel Financial's Intrinsic Value: Projected FCF too high?
Stifel Financial's current Intrinsic Value: Projected FCF is $95.28. The Capital Markets industry median Intrinsic Value: Projected FCF is 1.01. Stifel Financial's value of $95.28 is 9333.7% above this industry median. Based on the distribution chart, Stifel Financial ranks #204 out of 509 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Stifel Financial has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stifel Financial's Intrinsic Value: Projected FCF compare to JEF and IREN?
According to the Capital Markets industry distribution chart, Stifel Financial ranks #204 out of 509 companies for Intrinsic Value: Projected FCF. This puts Stifel Financial in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 1.01. Stifel Financial's value of $95.28 is 9333.7% above this benchmark. 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 Capital Markets company?
The median Intrinsic Value: Projected FCF among Capital Markets companies is 1.01, based on 509 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. Stifel Financial's current Intrinsic Value: Projected FCF of $95.28 is 9333.7% 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 Stifel Financial and its competitors. For the Capital Markets industry, the median Intrinsic Value: Projected FCF is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stifel Financial's current Intrinsic Value: Projected FCF is $95.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stifel Financial stock overvalued right now?
Based on GuruFocus' analysis, Stifel Financial (SF) is currently considered Fairly Valued. The stock's GF Value™ is $79.31, compared to a current price of $75.79 — trading 4.4% below its estimated fair value. The current Intrinsic Value: Projected FCF is $95.28 and 9333.7% above the Capital Markets industry median of 1.01. Stifel Financial's overall GF Score™ is 84/100 with 2 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 Stifel Financial (SF), the current Intrinsic Value: Projected FCF is $95.28 as of Sep. 20, 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 Stifel Financial (SF) Overvalued in 2026?

Based on GuruFocus' analysis, Stifel Financial stock appears to be undervalued. The current stock price of $75.79 is trading 4.4% below its estimated GF Value™ of $79.31. GuruFocus considers Stifel Financial to be Fairly Valued.

Key valuation signals for SF:

  • Intrinsic Value: Projected FCF: $95.28
  • GF Value™: $79.31 vs. price of $75.79 (4.4% below fair value)
  • GF Score™: 84/100 with 2 warning signs
  • Industry Position: 9333.7% above the Capital Markets median (#204 of 509)

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


Stifel Financial Business Description

Address 501 North Broadway, One Financial Plaza, Saint Louis, MO, USA, 63102-2188
Stifel Financial is a diversified financial-services provider that generates revenue from wealth management, investment banking, and lending. The firm was founded in 1890 as a St. Louis-based full-service brokerage but has been transformed under CEO Ronald Kruszewski through a slew of acquisitions into a globally competitive wealth manager, investment bank, and retail and institutional brokerage. The firm generated $5.5 billion in revenue in 2025, with roughly two-thirds derived from wealth management and one-third derived from trading and investment banking.
84GF Score

Get the complete analysis for SF

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

$75.79
Price
$79.31
GF Value