What is State Street Corporation (STT) DCF Fair Value and Intrinsic Value in 2026?

State Street Corporation (STT) 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 State Street Corporation's historical Return on Invested Capital (ROIC) and Moat Rating?

State Street Corporation operates in the Financials sector (Asset Management) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is State Street Corporation's financial health rating and Piotroski F-Score?

State Street Corporation'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 State Street Corporation (STT) for quarterly SEC filing thesis breaks?

LocalAlpha audits State Street Corporation'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.

StocksSTT

STT

State Street CorporationFinancial Services / Asset ManagementINTACT

State Street Corporation provides various financial products and services to institutional investors. It offers custody, accounting, and fund administration services for traditional and alternative assets, as well as multi-asset class investments; recordkeeping, client reporting, and investment book of record, transaction management, loans, cash, derivatives, and collateral services; investor services operations outsourcing; performance, risk, and compliance analytics; financial data management to support institutional investors; foreign exchange, brokerage, and other trading services; securities finance, such as prime services products; and deposit and short-term investment facilities. The company also provides the State Street Alpha platform that combines portfolio management, trading and execution, analytics and compliance tools, and advanced data aggregation and integration with other industry platforms and providers; front-office technology that automates and simplifies the institutional investment process comprising portfolio management and risk analytics, trading, and post-trade settlement with integrated compliance and managed data; investment management solutions; and portfolio management, trading compliance, and manager/sponsor communication. In addition, it offers investment management solutions, such as strategies across equity, fixed income, cash, multi-asset, and alternatives; and ETFs, custom indexed, managed funds, and mandates. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, wealth managers, investment managers, foundations, and endowments. The company was founded in 1792 and is headquartered in Boston, Massachusetts.

Share Price

$193.40

52W: $104.64 - $195.93

DCF Fair Value

$292.11

+33.8% MoS

Thesis Hub

P/E (TTM)

17.1x

ROIC

20.9%

Operating Margin

27.8%

FCF Yield

5.6%

Debt / Equity

0.15x

Piotroski Score

7/9

Altman Z-Score

3.49

Market Cap

$53.1B

Price vs. Intrinsic Value Corridor

Margin of Safety Buy Zone (<25% Discount)

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

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$292.11

MOS Buy Target (-25%)

$219.08

Valuation Overlays: DCF Fair Value ($292.11) 25% MOS Buy Target ($219.08) Revised Graham ($305.07) Graham Number ($148.87)

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

$193.40

DCF Fair Value

$291.40

+33.6% MoS

Starting Free Cash Flow ($M)$2,954M

$100M$2,954M (Reported)$50,000M

Stage 1 Growth (Years 1-5)13.9%

-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)$0M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$33.1B

PV of Terminal Value

$47.0B

Implied Enterprise Value

$80.1B

Implied Equity Value

$80.1B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$3,365	$3,832	$4,365	$4,972	$5,663	$5,918	$6,184	$6,462	$6,753	$7,057
Present Value (PV)	$3,087	$3,226	$3,371	$3,522	$3,680	$3,528	$3,383	$3,243	$3,109	$2,981

Benjamin Graham & Buffett Value Models

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

Graham Number-29.9% Premium

$148.87

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: $11.32BVPS: $87.01

Revised Graham Formula+36.6% MoS

$305.07

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 Earnings5.3% Yield

$10.20 / share

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

Total: $2.8BYield: 5.3%

Reverse DCF: Market Growth Expectation

MODEST BARRIER

4.3% CAGR (Next 10 Yrs)

At the current price of $193.40, the market is assuming the business will compound Free Cash Flow at 4.3% 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 STT with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for State Street Corporation. 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 27.8% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: State Street Corporation (STT) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for State Street Corporation.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, State Street Corporation has an estimated DCF intrinsic fair value of $292.11 per share compared to its current market price of $193.40. This represents an estimated 33.8% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $148.87.