What does the price assume?
Every share price is a forecast in disguise. We turn it back into plain numbers: the growth, margin and risk a company would need for today's price to make sense, from its own filings.
368 S&P 500 companies, priced November 11, 2026.
Latest valuations
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ADP: what the market expects from the company that pays one in six US workers
The price needs ADP to grow revenue 4.76% a year, below the 6.7% median of its last decade.
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Comcast kept its $1.32 dividend. The price expects the profit behind it to shrink.
The price needs an operating margin near 10.8%, against a 19% median over the last ten years.
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Hormel: what the market expects from a fallen Dividend King
The price assumes Hormel keeps today's 9% margins, not a return to the 12–14% it earned before 2020.
How it works
- Start from the company's own filings: ten years of margins, adjusted for R&D and leases, with every number dated.
- Hold growth, reinvestment and risk at neutral settings, and solve for the margin today's price needs.
- Then the story decides: each full valuation sets two stories side by side and shows where the price sits between them.