Pre-open fair value · 2026-11-10
SAMPLE – Pre-open fair value report – 2026-11-10 · source report 2026-11-10-sample.md · all days
As of
2026-11-10
Prices: see price column (2026-11-10).
Cheap
3
CRM, ADBE, NVDA
Fair
2
NOW, GOOG
Rich
4
AAPL, AMD, SPCX, AMZN
Sample run produced by the Fair Value Coordinator on the evening of 2026-11-10 (Phoenix time). All work (data, DCF, comps) was done by the coordinator; the teammate bots were not used for this sample. Prices are the Nov 10, 2026 regular-session closes (4:00 PM ET), not pre-market quotes. The regular weekday pre-open run is unchanged.
Comps basis: Adjusted basis: comps use consensus (mostly non-GAAP, SBC-excluded) EPS and pre-SBC FCF. This run predates the GAAP / SBC-consistent default. The DCF deducts SBC, so DCF and relative values are not fully like-for-like today. See Methodology.
Summary · click a ticker to see how its fair value was built · click a column to sort
| Ticker | Price | DCF bear / base / bull | Relative low / mid / high | Blended FV | Up / down | Margin of safety | Call | Confidence |
|---|---|---|---|---|---|---|---|---|
| CRM Salesforce | $213.48 close | $187.33 / $261.52 / $333.75 | $205.83 / $282.78 / $353.98 | $272.15 | +27.5% | +21.6% | Cheap | Normal |
| NOW ServiceNow | $99.61 close | $79.78 / $119.44 / $157.35 | $59.94 / $71.19 / $97.19 | $95.31* | -4.3% | -4.5% | Fair | Indicative |
| ADBE Adobe | $236.70 close | $271.50 / $354.27 / $432.94 | $360.16 / $458.91 / $571.69 | $406.59 | +71.8% | +41.8% | Cheap | Normal |
| AAPL Apple | $348.51 close | $118.99 / $152.74 / $185.78 | $172.41 / $201.57 / $346.88 | $177.15 | -49.2% | -96.7% | Rich | Normal |
| NVDA NVIDIA | $168.89 close | $93.07 / $188.54 / $278.03 | $171.91 / $263.45 / $492.90 | $226.00* | +33.8% | +25.3% | Cheap | Indicative |
| AMD Advanced Micro Devices | $515.21 close | $46.33 / $86.78 / $124.02 | $180.09 / $238.43 / $359.00 | $162.60* | -68.4% | -216.9% | Rich | Low |
| SPCX SpaceX (Space Exploration Technologies) | $143.09 close | not run (n/a) | $42.95 / $75.12 / $129.07 | $75.12* | -47.5% | -90.5% | Rich | Low |
| GOOG Alphabet | $284.92 close | $168.24 / $254.53 / $334.54 | $245.14 / $282.32 / $365.79 | $268.43 | -5.8% | -6.1% | Fair | Normal |
| AMZN Amazon | $270.87 close | $69.99 / $104.57 / $136.40 | $281.41 / $314.86 / $423.08 | $209.72* | -22.6% | -29.2% | Rich | Low |
* Indicative: DCF base and relative mid differ by more than 25%, or relative-only. Confidence "Low" = differ by more than 50% or no meaningful DCF. Values are $ per share.
Price vs. value ranges
DCF bear–bull (tick = base)Relative low–high (tick = mid)Price◆ Blended FV
Each row has its own scale. Hover a band for its values.
Top flags
NVDA
EARNINGS SOON: Nov 17, 2026 (in 7 days); expect estimates and the price to move
AMD
Low confidence: the starting FCF margin is depressed relative to the growth consensus
AMZN
Low confidence: the DCF rests on normalized FCF, and reported FCF is negative
CRM
Earnings Wed Dec 2, 2026 after the close (in 22 days)
NOW
DCF vs comps disagree by 68% (>25%): blended value is indicative only, both shown
NOW
Last reported Oct 28, 2026; the next date is not yet posted on the source
All 23 flags
CRM
Earnings Wed Dec 2, 2026 after the close (in 22 days)
CRM
Net debt of $31.0B after $30.2B of TTM net borrowing; share count down 7.4% YoY (buybacks)
NOW
DCF vs comps disagree by 68% (>25%): blended value is indicative only, both shown
NOW
Last reported Oct 28, 2026; the next date is not yet posted on the source
ADBE
Earnings Dec 9, 2026 after the close (estimated, not yet confirmed; in 29 days)
AAPL
Last reported Nov 2, 2026; the next date is not posted
AAPL
DCF and comps differ by 24%, just under the 25% flag
AAPL
The comps high ($346.88) is lifted by a wide forward P/FCF spread across only 3 usable peers
NVDA
DCF vs comps disagree by 28% (>25%): blended value is indicative only, both shown
NVDA
EARNINGS SOON: Nov 17, 2026 (in 7 days); expect estimates and the price to move
NVDA
High beta makes the DCF very sensitive to the discount rate
AMD
DCF vs comps disagree by 64% (>25%): blended value is indicative only, both shown
AMD
Low confidence: the starting FCF margin is depressed relative to the growth consensus
AMD
Last reported Nov 3, 2026; the next date is not posted
SPCX
Could not be fully valued: DCF not run. FCF is negative (TTM -$39.3B, FY2026E -$56.6B), there is no 5-year beta, and the public consensus is too short
SPCX
Limited trading history (2026 listing); share count up 117% YoY
SPCX
Satellite/comms group has too few peers on forward P/E and P/FCF; each group's range is shown
SPCX
Last reported Oct 20, 2026
GOOG
DCF uses normalized FCF (a coordinator adjustment), so confidence is lower
GOOG
Last reported Oct 28, 2026; the next date is not posted
AMZN
DCF vs comps disagree by 67% (>25%): blended value is indicative only, both shown
AMZN
Low confidence: the DCF rests on normalized FCF, and reported FCF is negative
AMZN
Last reported Oct 29, 2026; the next date is not posted
Sources and timestamps
- stockanalysis.com /statistics and /forecast pages for every ticker and peer (S&P Global Market Intelligence data; pages last updated Nov 10–11, 2026); fetched 2026-11-10 ~8:45 PM MST (Phoenix time)
- Yahoo Finance chart API (query1.finance.yahoo.com/v8/finance/chart): cross-check of all nine Nov 10 closes (all matched)
- U.S. Treasury Daily Par Yield Curve Rates, 11/10/2026: 10Y = 4.98% (home.treasury.gov)
Working files: data/2026-11-10/, dcf/2026-11-10/, relative/2026-11-10/ (one file per ticker), plus scripts/ for re-runs.
Not investment advice. This is an automated, model-driven sample built only from public data. The numbers are estimates that depend on the assumptions above and can be wrong.