Gartner Inc (IT)
Information Technology · IT Consulting & Other Services · US stock · S&P 500 component
$234.44
▲ +14.87 (6.77%)
Fair valueUndervalued
$280 +19.4% to fair value
$140fair band $238–$339$420
Day's range
$221.23 – $234.53
52-week range
$124.25 – $257.69
Red flags⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity
About Gartner Inc
Gartner is a research and advisory company that sells insights, benchmarks and advice to executives in technology, supply chain, finance, marketing and other functions. Clients pay for subscriptions to its research and for access to analysts. The company also runs conferences and offers consulting services. Most revenue comes from recurring research subscriptions, which depend on clients renewing their contracts, while events and consulting add further income.
Over the latest twelve months the company reported revenue of $6.5 billion, and annual revenue rose by 5.9% on average across three years. Profitability at the operating level stands at 17.3%, and return on invested capital came to 50%. The company carries net debt of 1.4 times its EBITDA. No dividend is paid. It carries an X-Ray Score of 59 out of 100.
IT news
All IT news →Price chart
52-wk range $124.25 – $257.69Volume 1,153,212Daily, split-adjusted
Vitals
Market cap$15.6B
52-week range$124.25 – $257.69
Volume (last day)1,153,212
P/E (TTM)21.7
EBIT / EV yield6.4%
Free-cash-flow yield–
Dividend yieldNo dividend
Revenue (TTM)$6.5B
Net income (TTM)$775M
Operating margin17.3%
Return on capital50.1%
Debt incl. leases$3.3B
Cash & securities$1.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$280middle half of models $269 – $298
Undervalued
+19.4% to fair value
Average of the 12 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Low, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $234
Undervalued < $238Fair $238 – $339Overvalued > $339
P/E multiple
$251
P/S multiple
$326
EV/EBITDA multiple
$275
EV/EBIT multiple
$317
EV/revenue multiple
$300
10-year DCF, EBITDA exit
$294
5-year DCF, EBITDA exit
$289
10-year DCF, revenue exit
$297
5-year DCF, revenue exit
$295
10-year DCF, growth exit
$230
5-year DCF, growth exit
$210
Earnings power value
$276
Growth the price implies
10.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
86/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield6.4%
Fair value vs price1.2×
Growth
Weak
28/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)5.9%
EPS growth (3y)-1.0%
Growth consistency80%
Profitability
Strong
74/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital50.1%
Operating margin17.3%
Gross profitability63.0%
Financial health
Weak
36/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA1.4×
Interest cover7.8×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+4.2%
Mar '25
+5.7%
Jun '25
+2.7%
Sep '25
+2.2%
Dec '25
-1.5%
Mar '26
-0.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.7B, diluted EPS $4.14.
Compare with peers
CTSH Cognizant Technology S...63 ACN Accenture plc62 IBM International Business...43Other IT Consulting & Other Services companies by X-Ray Score.
SWOT analysis: Gartner Inc
Strengthsinside the company
- Return on invested capital is 50.1%, against a median of 16.8% for industry peers.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- The price is 19% below our fair value estimate, with the gap larger than the margin we allow for error.
- Our Market Compass rates the backdrop for Information Technology as favourable.
Threatsvaluation and setting
- Our checks raised: Negative equity; Negative equity.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare IT with peers and sector
Medians of 3 IT Consulting & Other Services peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): IBM 43, ACN 62, CTSH 63.
| Metric | IT | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 59 | 62 | 50 |
| Valuation | 86 | 88 | 50 |
| Growth | 28 | 38 | 54 |
| Profitability | 74 | 50 | 49 |
| Financial health | 36 | 54 | 50 |
| Dividends | – | 51 | 50 |
Sector leaders: highest X-Ray Score in Information Technology
IT ranks #19 of 75 in Information Technology and #3 of 4 in IT Consulting & Other Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for IT
Each factor is rated by where IT stands among the 75 Information Technology stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 7 Good · 7 Average · 4 Bad of 18
Growth: 0 · 2 · 1
Profitability: 2 · 2 · 0
Financial strength: 0 · 1 · 3
Valuation: 3 · 0 · 0
Cash flow: 2 · 1 · 0
Efficiency: 0 · 1 · 0
| Factor | IT | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +5.9% | Average beats 41% | +9.7% | – | – |
| Revenue growth, last year | +3.7% | Bad beats 10% | +13.7% | +7.9% | ▼ Worse |
| EPS growth, 3 years a year | −1.0% | Average beats 34% | +5.9% | – | – |
| Profitability | |||||
| Gross margin | 70.1% | Good beats 71% | 57.8% | 68.8% | ≈ In line |
| Operating margin | 17.3% | Average beats 42% | 20.3% | 19.3% | ▼ Worse |
| Net margin | 12.0% | Average beats 37% | 17.8% | 14.9% | ▼ Worse |
| Return on invested capital | 50.1% | Good beats 80% | 19.4% | – | – |
| Financial strength | |||||
| Net debt / EBITDA | 1.4x | Bad beats 33% | 0.8x | 1.0x | ▼ Worse |
| Interest cover | 7.8x | Bad beats 18% | 23.0x | 8.7x | ≈ In line |
| Current ratio | 0.88 | Bad beats 17% | 1.57 | 0.91 | ≈ In line |
| Piotroski F-score | 6 / 9 | Average beats 43% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 20.1x | Good beats 76% | 33.6x | 33.7x | ▲ Better |
| Price / sales | 2.4x | Good beats 87% | 6.9x | 6.1x | ▲ Better |
| EV / EBITDA | 13.4x | Good beats 84% | 24.7x | 26.0x | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 21.4% | Average beats 43% | 22.3% | 20.1% | ≈ In line |
| Cash from operations / net income | 1.78 | Good beats 70% | 1.39 | 1.36 | ▲ Better |
| Accruals (lower is better) | −8.4% | Good beats 77% | −4.4% | – | – |
| Efficiency | |||||
| Days sales outstanding | 68 days | Average beats 45% | 63 days | 99 days | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 5 Good · ● 6 Average · ● 3 BadCash quality
Earnings backed by cashGood
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 57/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $4.7B | $5.5B | $5.9B | $6.3B | $6.5B |
| Operating income | $916M | $1.1B | $1.2B | $1.2B | $1.0B |
| Net income | $794M | $808M | $882M | $1.3B | $729M |
| Operating cash flow | $1.3B | $1.1B | $1.2B | $1.5B | $1.3B |
| Operating margin | 19.3% | 20.1% | 20.9% | 18.4% | 15.8% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $9.21 | $9.96 | $11.08 | $16.00 | $9.65 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
| SMA 10 | 207.2 | Bullish |
| EMA 10 | 210.8 | Bullish |
| SMA 20 | 197.5 | Bullish |
| EMA 20 | 201.9 | Bullish |
| SMA 50 | 191.4 | Bullish |
| EMA 50 | 189.8 | Bullish |
| SMA 100 | 170.1 | Bullish |
| EMA 100 | 180.9 | Bullish |
| SMA 200 | 169.8 | Bullish |
| EMA 200 | 191.4 | Bullish |
Oscillators (daily)
| RSI (14) | 76.88 | Bearish |
| MACD (12, 26) | 9.60 | Bullish |
| Momentum (12) | 26.78 | Bullish |
| Stochastic %K (14) | 99.82 | Bearish |
| Williams %R (14) | -0.18 | Bearish |
| CCI (20) | 218.7 | Bearish |
Pivot points (classic, last session)
S3 212.3 | S2 216.8 | S1 225.6 | Pivot 230.1 | R1 238.9 | R2 243.4 | R3 252.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
ETFs that hold IT
| ETF | Share of the fund |
|---|---|
| RSPT Invesco S&P 500 Equal Weight Technolog... | 1.33% |
| CALF Pacer US Small Cap Cash Cows 100 | 1.24% |
| XSW SPDR S&P Software & Services | 0.61% |
| ROUS Hartford Multifactor US Equity | 0.27% |
| IWP iShares Russell Mid-Cap Growth | 0.23% |
| JQUA JPMorgan U.S. Quality Factor | 0.20% |
| RSP Invesco S&P 500 Equal Weight | 0.19% |
| EUSA iShares MSCI USA Equal Weighted | 0.18% |
The eight funds with the largest weight in IT among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
IT stock splits
IT has split its stock 3 times since 1994. The latest was a 2-for-1 split on 1 Apr 1996.
Full IT stock split history →IT SEC filings
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
DEF 14ASEC EDGAR
Proxy statement
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.