MMS

Maximus, Inc.

Industrials · $2.8B market cap

Verdict

Share price

$52.65

close of Oct 3, 2026

Fair value

$89.29

Sticker Price

Payback Price

$35.72

buy price

Undervalued

MMS is Undervalued: at $52.65 it trades 41% below its fair value of $89.29. Its buy price (Payback Price) is $35.72, 32% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 5% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

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

Earnings per share growth11.0% a year✓
Equity per share growth13.9% a year✓
Sales growth13.2% a year✓
Free cash flow growth13.7% a year✓
Return on invested capital9.9%✗

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Superinvestors

1 of the investors we track holds MMS. In Q2 2026, 1 opened a position. Who we track

Moves in Q2 2026

New position: Third Avenue Management

About Maximus, Inc.

Maximus, Inc. specializes in delivering business process services (BPS) tailored for governmental health and human welfare initiatives. Its operations are structured into three main divisions: U.S. Services, U.S. Federal Services, and International Services. The U.S. Services division delivers a wide array of BPS solutions to state and local government programs across the United States. These offerings encompass…

Specialty Business Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works