TFC · NYQ · Financial Services
Truist Financial Corporation
Also onConsensus Drift
Implied value per share
USD 44.51
Market price
USD 50.17
Implied upside
-11.3%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 8.5%
- Payout
- 65%
- Cost of equity
- 8.76%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 60.3bn | USD 62.0bn | USD 63.8bn | USD 65.6bn | USD 67.4bn | USD 69.3bn | USD 71.1bn | USD 73.0bn | USD 74.9bn | USD 76.8bn |
| Return on equity | 8.5% | 8.5% | 8.5% | 8.5% | 8.5% | 8.5% | 8.5% | 8.5% | 8.5% | 8.5% |
| Excess return | USD -141.2m | USD -145.4m | USD -149.5m | USD -153.8m | USD -158.0m | USD -162.4m | USD -166.7m | USD -171.1m | USD -175.6m | USD -180.0m |
| Present value | USD -129.9m | USD -122.9m | USD -116.2m | USD -109.9m | USD -103.9m | USD -98.1m | USD -92.6m | USD -87.4m | USD -82.5m | USD -77.8m |
| Book equity | USD 60.3bn |
| Present value of excess returns | USD -1.0bn |
| Terminal, growing at 2.50% | USD -1.3bn |
| Equity value | USD 58.0bn |
| Per share | USD 44.51 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 0.914 | Reported 0.871, pulled toward 1.0 (Blume) |
| Cost of equity | 8.76% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.