H&R Block, Inc.

H&R Block, Inc.

HRBยทNYSE

$37.96

+1.2%
Consumer CyclicalPersonal Products & Services

H&R Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees. It also provides Refund Transfers and H&R Block Emerald Prepaid Mastercard, which enables clients to receive their tax refunds; Peace of Mind extended service plans; H&R Block Emerald Advance lines of credit; Tax Identity Shield that provides clients assistance in helping protect their tax identity and access to services to help restore their tax identity; refund advance loans; H&R Block Instant Refund; and H&R Block Pay With Refund services. In addition, the company offers small business financial solutions through its company-owned or franchise offices, and online. H&R Block, Inc. was founded in 1955 and is headquartered in Kansas City, Missouri.

At a Glance

Live Snapshot
Market Cap$4.81B
EPS4.5200
P/E Ratio8.40
Earnings Date08/11/2026
H&R Block, Inc.

H&R Block, Inc. Fair Value Envelope

HRB ยท NYSE

Our analysis suggests that HRB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $37.96, this represents a potential HIDDEN relative to our calculated worth for H&R Block, Inc..

Intrinsic Value
Current Price: $37.96

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$5.0B
+ Cash & Equivalents$1.0B
Firm Value$6.0B
- Debt$2.3B
Equity Value$3.7B
/ Shares Outstanding133,685,603B
DCF Value$27
OVERVALUED BY 28%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$620.4M
$565.4M
$515.2M
$469.5M
$427.8M
$389.8M
$355.2M
$323.7M
$295.0M
$268.8M
Maintenance CapEx
-$15.0M
-$13.6M
-$12.4M
-$11.3M
-$10.3M
-$9.4M
-$8.6M
-$7.8M
-$7.1M
-$6.5M
Owner Earnings
$605.5M
$551.8M
$502.8M
$458.1M
$417.5M
$380.4M
$346.7M
$315.9M
$287.8M
$262.3M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$560.6M
$473.0M
$399.1M
$336.8M
$284.1M
$239.7M
$202.3M
$170.7M
$144.0M
$121.5M
Terminal Value represents 41.3% of Enterprise Value