META

Meta Platforms, Inc.

Communication Services · $1.86T market cap

Share price

$728.08

close of Oct 3, 2026

Fair value

$508.61

Sticker Price

Payback Price

$203.44

buy price

Overpriced

META is Overpriced: at $728.08 it trades 43% above its fair value of $508.61. Its buy price (Payback Price) is $203.44, 72% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

5 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth20.8% a year✓

Equity per share growth17.9% a year✓

Sales growth24.1% a year✓

Free cash flow growth20.9% a year✓

Return on invested capital20.8%✓

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Superinvestors

29 of the investors we track hold META. In Q2 2026, 3 opened a position, 7 added, 4 trimmed and 1 sold out. Who we track

Dodge & Cox Funds

Dodge & Cox Funds · as of Q2 2026

$3.7B

6,489,255 shares

First Eagle Investment Management

First Eagle Investment Management · as of Q2 2026

$1.8B

3,217,353 shares

Chase Coleman

Tiger Global Management · as of Q2 2026

$1.6B

2,823,180 shares

Bill Ackman

Pershing Square Capital Management · as of Q1 2026

$1.5B

2,660,861 shares

Viking Global Investors

Viking Global Investors · as of Q2 2026

$1.1B

1,867,619 shares

Show all 29 holders

Terry Smith

Fundsmith · as of Q2 2026

$592.5M

1,051,876 shares

ValueAct Capital

ValueAct Capital · as of Q2 2026

$515.8M

915,674 shares

Lee Ainslie

Maverick Capital · as of Q2 2026

$430.4M

764,041 shares

First Pacific Advisors

First Pacific Advisors · as of Q2 2026

$383.0M

679,884 shares

David Tepper

Appaloosa Management · as of Q2 2026

$380.2M

675,000 shares

Mairs & Power Funds

Mairs & Power Funds · as of Q2 2026

$187.5M

332,871 shares

Polen Capital Management

Polen Capital Management · as of Q2 2026

$185.6M

329,573 shares

David Abrams

Abrams Capital Management · as of Q2 2026

$183.2M

325,155 shares

Francois Rochon

Giverny Capital · as of Q2 2026

$170.6M

302,888 shares

Thomas Gayner

Markel Group · as of Q2 2026

$131.9M

234,163 shares

Sarah Ketterer

Causeway Capital Management · as of Q2 2026

$113.5M

201,459 shares

Pat Dorsey

Dorsey Asset Management · as of Q2 2026

$112.6M

199,901 shares

Samantha McLemore

Patient Capital Management · as of Q2 2026

$96.2M

170,790 shares

Ruane Cunniff LP

Ruane Cunniff LP · as of Q2 2026

$86.9M

154,291 shares

Robert Vinall

RV Capital GmbH · as of Q2 2026

$78.3M

138,997 shares

Clifford Sosin

CAS Investment Partners · as of Q2 2026

$76.7M

136,246 shares

Triple Frond Partners

Triple Frond Partners · as of Q2 2026

$66.3M

117,628 shares

Jensen Investment Management

Jensen Investment Management · as of Q2 2026

$61.7M

109,456 shares

Wallace Weitz

Weitz Investment Management · as of Q2 2026

$58.0M

102,960 shares

David Rolfe

Wedgewood Partners · as of Q2 2026

$43.1M

76,471 shares

David Katz

Matrix Asset Advisors · as of Q2 2026

$21.2M

37,665 shares

Bill Miller

Miller Value Partners · as of Q2 2026

$3.6M

6,412 shares

Bill Nygren

Oakmark Funds · as of Q2 2026

$2.6M

4,655 shares

Glenn Greenberg

Brave Warrior Advisors · as of Q2 2026

$210K

373 shares

Moves in Q2 2026

New position: Lee Ainslie, Clifford Sosin, Bill Miller

Added: David Tepper, Viking Global Investors, Sarah Ketterer, Pat Dorsey, Dodge & Cox Funds, David Rolfe, David Katz

Trimmed: Terry Smith, Ruane Cunniff LP, Polen Capital Management, Jensen Investment Management

Sold out: Daniel Loeb

Insider activity

Since Jul 20, 2026: no open-market purchases, 59 sales worth $33.2M and 41 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Cox Christopher K

Chief Product Officer · 2026-09-09

Sold

$926K

Cox Christopher K

Chief Product Officer · 2026-09-09

Sold

$12.1M

Olivan Javier