Meta Platforms, Inc.

EPV & WACC valuation

Data as of Sep 5, 2026

EPV vs. current price

EPV per share

242.87 USD

Current price

578.54 USD

Margin of safety

-138.2 %

EPV (Greenwald)

Amounts in USD; per-share values and price in USD.

Normalized EBIT margin: 38.33 %(10 yr avg)

EBIT margin by year

Base revenue(auto)
Normalized EBIT: 77.0 B
Tax rate(auto)
NOPAT (after tax): 58.5 B
WACC used: 10.47 %
EPV of operations: 558 B
Net debt: 22.9 B
EPV of equity: 536 B
Shares outstanding: 2.21 B
EPV per share: 242.87 USD

Bridge: operations to equity

Sensitivity: EPV per share

Margin \ WACC	8.47 %	9.47 %	10.47 %	11.47 %	12.47 %
36.33 %	286.30	254.99	229.66	208.74	191.17
37.33 %	294.47	262.29	236.26	214.77	196.72
38.33 %	302.64	269.60	242.87	220.80	202.27
39.33 %	310.80	276.90	249.48	226.83	207.82
40.33 %	318.97	284.21	256.08	232.86	213.36

WACC (CAPM)

Amounts in USD.

Risk-free rate
Beta(auto)
Equity risk premium
Cost of equity: 10.72 %

Cost of debt (pre-tax)(auto)
Tax rate(auto)
Cost of debt (after-tax): 4.56 %

Market cap: 1.47 T
Total debt: 59.9 B
Equity weight: 96.09 %
Debt weight: 3.91 %

Capital structure and contribution to WACC

EquityDebt

Required rate of return (WACC)

10.47 %

Cost of debt not estimable from the statements (no isolated interest line, or a residual that cannot be read as an expense); rf + spread is used (1.5 % pp).

Meta Platforms, Inc.

EPV & WACC valuation

EPV vs. current price

EPV (Greenwald)

WACC (CAPM)

Explained in the glossary

Meta Platforms, Inc.

EPV & WACC valuation

EPV vs. current price

EPV (Greenwald)

WACC (CAPM)

Explained in the glossary