ORCL Oracle Corporation

software · 2026-10-02

N/A

fair · 62

Owner-earnings value$83.78

Price$138.07

Margin of safety -39.3%

Returns on capital 18.3/30

Consistency 19.3/22

Margins / pricing power 15.7/16

Balance sheet 5.7/16

Cash conversion 0/10

Capital allocation 2.5/6

Median ROIC13.2%

Gross margin64.0%

Net debt / EBITDA3.3x

FCF conversion-8%

Share count / yr+2.0%

Profitable years4/4

Owner earnings (TTM)	18.92B
Owner-earnings yield	4.5%
Free-cash-flow yield	-6.9%
Growth used (normalized)	10.0%
Market-implied growth (reverse DCF)	23.5%
Terminal growth	3.0%
Discount rate (hurdle)	13.0%

Yr	Owner earnings	Growth	PV
1	20.81B	10.0%	18.41B
2	22.73B	9.2%	17.79B
3	24.65B	8.4%	17.07B
4	26.54B	7.7%	16.26B
5	28.37B	6.9%	15.38B
6	30.10B	6.1%	14.44B
7	31.71B	5.3%	13.45B
8	33.15B	4.6%	12.44B
9	34.41B	3.8%	11.42B
10	35.44B	3.0%	10.41B

⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~23%/yr owner-earnings growth over 10y (reverse DCF); model credits 10%.

Date	Quality	Price	Value	MoS	Rating
2026-10-02	62	$138.07	$83.78	-39.3%	N/A
2026-08-31	60	$150.85	$84.77	-43.8%	N/A
2026-07-28	60	$119.90	$85.78	-28.5%	N/A
2026-07-02	60	$142.50	$90.04	-36.8%	N/A
2026-06-25	60	$157.53	$90.82	-42.3%	N/A
2026-06-23	60	$165.16	$89.99	-45.5%	N/A