What is Lamar Advertising Company (LAMR) DCF Fair Value and Intrinsic Value in 2026?

Lamar Advertising Company (LAMR) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Lamar Advertising Company's historical Return on Invested Capital (ROIC) and Moat Rating?

Lamar Advertising Company operates in the Real Estate sector (REIT - Specialty) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Lamar Advertising Company's financial health rating and Piotroski F-Score?

Lamar Advertising Company's balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Lamar Advertising Company (LAMR) for quarterly SEC filing thesis breaks?

LocalAlpha audits Lamar Advertising Company's 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksLAMR

LAMR

Lamar Advertising CompanyReal Estate / REIT - SpecialtyINTACT

Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with over 362,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboards, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with over 5,400 displays. Lamar Advertising Company was founded and incorporated in 1902 in Delaware and is based in Baton Rouge, United States.

Share Price

$149.71

52W: $114.45 - $166.33

DCF Fair Value

$138.04

-8.5% Premium

Thesis Hub

P/E (TTM)

27.5x

ROIC

25%

Operating Margin

33.3%

FCF Yield

3.7%

Debt / Equity

Piotroski Score

7/9

Altman Z-Score

2.91

Market Cap

$15.2B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($138.04)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$138.04

MOS Buy Target (-25%)

$103.53

Valuation Overlays: DCF Fair Value ($138.04) 25% MOS Buy Target ($103.53) Revised Graham ($167.05) Graham Number ($34.41)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$149.71

DCF Fair Value

$138.63

-8% Premium

Starting Free Cash Flow ($M)$559M

$100M$559M (Reported)$50,000M

Stage 1 Growth (Years 1-5)16.7%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$4,900M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$6.9B

PV of Terminal Value

$10.0B

Implied Enterprise Value

$17.0B

Implied Equity Value

$12.1B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$652	$761	$888	$1,037	$1,210	$1,264	$1,321	$1,381	$1,443	$1,508
Present Value (PV)	$598	$641	$686	$735	$786	$754	$723	$693	$664	$637

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-335.2% Premium

$34.40

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $5.44BVPS: $9.67

Revised Graham Formula+10.4%

$167.05

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings4.1% Yield

$6.10 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $0.5BYield: 4.1%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

7.7% CAGR (Next 10 Yrs)

At the current price of $149.71, the market is assuming the business will compound Free Cash Flow at 7.7% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

✓ Low market hurdle: Easy for a wide-moat compounder to beat.

Autonomous Thesis Underwriting

Surveil LAMR with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Lamar Advertising Company. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 33.3% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: Lamar Advertising Company (LAMR) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Lamar Advertising Company.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Lamar Advertising Company has an estimated DCF intrinsic fair value of $138.04 per share compared to its current market price of $149.71. This represents an estimated 8.5% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $34.41.