Best DCF software
The best DCF software for individual investors
Brief Equity is the overall pick for DCF software. It builds a discounted cash flow and an EV/EBITDA model on your own assumptions, for US and international stocks on 60+ exchanges. Base starts on the latest Street consensus, and Bear, Base, and Bull sit side by side. A sensitivity table maps fair value across two drivers, a Monte Carlo run plots the full range of outcomes, and a Comps tab lines up peer multiples. You also get an exit-multiple value on EV/EBITDA, EV/Sales, or EV/EBIT. Save versions as the thesis changes, and save a model's valuation card into the stock's notebook. Every account starts with a 10-day free trial with full access and no card. Other picks are narrow, such as Aswath Damodaran's spreadsheets for a free Excel template you fill in yourself and Wisesheets for pulling data into your own workbook.
By The Brief Equity Team · Published · Updated
The pick for each use case
DCF and EV/EBITDA models on your own assumptions
Best pick: Brief Equity
Build a discounted cash flow and an EV/EBITDA model with your own inputs, and drag any assumption to watch the valuation recompute. Base starts on the latest Street consensus, and Bear, Base, and Bull sit side by side. A sensitivity table maps fair value across two drivers, a Monte Carlo run plots the full distribution of outcomes, and the Comps tab lines up peer multiples. The Model tab shows the DCF value next to an exit-multiple value on EV/EBITDA, EV/Sales, or EV/EBIT, and the IRR. Save a version whenever you want and restore an earlier one from the Versions list. Models work for US and international stocks on 60+ exchanges.
Models inside your research workspace
Best pick: Brief Equity
The model sits in the same workspace as the feed, the financials, and a true notebook for every stock. Save a passage from an earnings call into a note with a link back to the source, then save the model beside it: its valuation card as an image, or anything from a single scenario to the full projection, comps, sensitivity, and Monte Carlo, on a notebook page linked back to the model. Refresh re-pulls the newest filings and analyst consensus and lists what changed since your last refresh.
A free Excel template you fill in yourself
Pick for this job: Aswath Damodaran's spreadsheets
Excel files on his NYU Stern page, free to download: FCFF, FCFE, and dividend discount models in stable-growth, two-stage, and three-stage forms, plus files for financial service firms and high-growth firms. His page says they are not copy protected and invites you to modify them. You enter the figures yourself (as of October 2026).
Pulling data into your own spreadsheet
Pick for this job: Wisesheets
An add-in for Excel and Google Sheets that pulls financial statements, key metrics, dividends, analyst estimates, and prices into your own workbook, where you build the model. The Pro Plan is $60 a year and the Elite Plan $120 a year (as of October 2026).
A free DCF value for a few stocks a week
Pick for this job: Alpha Spread
Its Free Plan covers 3 stock reports a week. A stock's DCF page shows a value under Bear, Base, and Bull cases, with revenue growth, net margin, and the discount rate among the assumptions, and a single-assumption reverse DCF. The Premium Plan is $12 a month, billed annually at $144, for 15 reports a week (as of October 2026).
A valuation on a P/E multiple
Pick for this job: TIKR
TIKR's Valuation Model Builder has a free Guided Model and a paid Advanced Model. Its pages say both use a P/E-based valuation method for now, with more methods planned (as of October 2026).
At a glance: what you get
| Capability | What you get |
|---|---|
| Valuation methods | A discounted cash flow and an EV/EBITDA model, driven by your own assumptions. |
| Exit multiples | An exit-multiple value on EV/EBITDA, EV/Sales, or EV/EBIT, beside the DCF value and the IRR. |
| Starting point | Base starts on the latest Street consensus, and every assumption moves with a drag. |
| Scenarios | Bear, Base, and Bull side by side, one switch apart. |
| Sensitivity | Fair value across two drivers at once. |
| Monte Carlo | The assumptions run many times, with the full distribution of outcomes plotted. |
| Peer comparables | A Comps tab that lines up peer multiples. |
| Versions | Save a version whenever you want and restore an earlier one from the Versions list. |
| Refresh | The newest filings and analyst consensus pulled into the model, with a list of what changed since your last refresh. |
| Notes | A true notebook for every stock. Save the model into it, from one scenario to the full projection, on a page linked back to the model. |
| Exports | A model as JSON or an Excel workbook, or a share image of the valuation. |
| Coverage | US and international stocks on 60+ exchanges. |
| Plan | One plan, everything included: a 10-day free trial with no card, then $38/mo billed annually ($48/mo monthly). |
Every price and competitor detail here is checked against its source before we publish. Read our editorial policy for how we research and correct these pages.
Who Brief Equity is for
It is built for…
- Investors who value companies themselves and want every assumption in their own hands.
- Researchers who keep the model, the notes, and the sources for each company in one place.
- Spreadsheet modelers who want a model that starts from Street consensus and refreshes from new filings, with no re-keying.
A DCF and an EV/EBITDA model on your own assumptions
Brief Equity builds two models for a stock: a discounted cash flow and an EV/EBITDA model. You drive both with your own inputs. Drag any assumption and the valuation recomputes as you move it. Base starts on the latest Street consensus, so you adjust from a real anchor instead of a blank sheet. Bear, Base, and Bull sit side by side, and you switch between them to compare outcomes.
Every model has four views. Model shows the projection and the valuation: the DCF value, an exit-multiple value on EV/EBITDA, EV/Sales, or EV/EBIT, and the IRR. Comps lines up peer multiples. Sensitivity maps fair value across two drivers at once. Monte Carlo runs the assumptions many times and plots the full distribution of outcomes.
Save a version whenever the thesis changes, and restore an earlier one from the Versions list. Refresh re-pulls the newest filings and analyst consensus into the model, then lists what changed since your last refresh, which scenarios followed the new numbers, and which kept the values you set. Models work for US and international stocks on 60+ exchanges.
The model sits beside your research
The inputs to a model come from reading, and in Brief Equity the reading and the model share one workspace. Select a passage about margins in an earnings-call transcript and it saves into a note as a callout, with a back-link to the exact spot. A block of cells from the financials saves as a table.
Every stock gets a true notebook: a full editor with headings, tables, checklists, and callouts, in chapters and pages. The model goes into it too. Save a model's valuation card as an image, or save the model itself, from a single scenario to the full projection, comps, sensitivity, and Monte Carlo, onto a notebook page linked back to the model.
The figures behind the inputs are a tab away: 20 years of annual statements and 40 quarters on the Financials tab, earnings-call transcripts and SEC filings in the feed, and 13F ownership for the same stock.
Spreadsheet templates and data add-ins
Brief Equity needs no workbook. The company's filings and the Street consensus are already in the model, Refresh pulls in the newest ones, and the valuation recomputes as you drag an input.
Aswath Damodaran publishes his valuation spreadsheets as Excel files on his NYU Stern page: FCFF, FCFE, and dividend discount models, plus files for financial service firms, troubled firms, private firms, and high-growth firms. His page says they are not copy protected and invites you to modify them to your own specifications (as of October 2026).
Wisesheets is an add-in for Excel and Google Sheets. It pulls financial statements, key metrics, dividends, analyst estimates, and prices into a workbook, and one subscription covers both. The Pro Plan is $60 a year and the Elite Plan $120 a year (as of October 2026).
DCF values on the web
In Brief Equity the fair value is the result of your inputs, and every one of them is on screen to change. The Sensitivity and Monte Carlo views show how far the value moves when the inputs do.
A stock's DCF page on Alpha Spread shows a DCF value under Bear, Base, and Bull cases, with revenue growth, net margin, and the discount rate among the assumptions, and a single-assumption reverse DCF. Its Free Plan covers 3 stock reports a week, the Premium Plan is $12 a month billed annually at $144 for 15, and the Unlimited Plan is $20 a month billed annually at $240 (as of October 2026).
TIKR's Valuation Model Builder has a free Guided Model and a paid Advanced Model. Its pages say both use a P/E-based valuation method for now, with more methods planned (as of October 2026).
Keep reading
Related in Brief Equity
Best equity research workspace
The best equity research platforms and workspaces
Brief Equity is the overall pick: watchlists, one feed, a notebook for every stock, a knowledge graph, your own DCF and EV/EBITDA models, and 13F ownership, for US and international stocks. Yahoo Finance, Koyfin, and TIKR each hold one narrower pick.
Read the roundupModels
Value it yourself
Your own DCF and EV/EBITDA models, built on real data, with your assumptions or the Street's.
ExploreWorkspace
Build your research database
Organize your research like a database, with your own columns and a notebook for every stock.
ExploreTIKR alternative
Brief Equity: a TIKR alternative for connected equity research
A TIKR alternative for connected research. A workspace for US and international stocks with a feed, a research library, a knowledge graph, and your own DCF and EV/EBITDA models.
Read comparisonSimply Wall St alternative
Brief Equity: a Simply Wall St alternative for hands-on research
A Simply Wall St alternative for hands-on research. A workspace for US and international stocks with your own DCF and EV/EBITDA models, a notebook for every stock, a knowledge graph, and 13F ownership fund by fund.
Read comparisonGuruFocus alternative
Brief Equity: a GuruFocus alternative for focused research
A GuruFocus alternative for focused research. A workspace with one feed, a research library with a notebook for every stock, a knowledge graph, your own DCF and EV/EBITDA models, and 13F ownership filtered to your watchlists.
Read comparisonHow-to
How to build a DCF model (step by step)
A DCF values a company as the present value of its future cash flow. The four steps: project free cash flow, pick a discount rate, add a terminal value, and discount it all back to today.
Read guideGuide
How to value a stock yourself (without Excel)
You don't need a spreadsheet to run a DCF. How to value a stock on your own assumptions in the browser, with Bear, Base, and Bull scenarios and peer comps.
Read guideGlossary
DCF explained (discounted cash flow)
A DCF values a company by projecting its future free cash flow and discounting it back to what it is worth today. The answer moves with your growth and discount-rate assumptions.
Read guide
Frequently asked questions
- What is the best DCF software for individual investors?
- Brief Equity is the overall pick. It builds a discounted cash flow and an EV/EBITDA model on your own assumptions, with Bear, Base, and Bull scenarios, a sensitivity table, a Monte Carlo range, peer comparables, and saved versions, for US and international stocks on 60+ exchanges. Aswath Damodaran's spreadsheets are the pick for a free Excel template you fill in yourself, and Wisesheets for pulling data into your own workbook.
- Can I build a DCF for free?
- Yes. Every Brief Equity account starts with a 10-day free trial with full access and no card, then one plan with everything included at $38/mo billed annually ($48/mo monthly). Aswath Damodaran's Excel spreadsheets are free to download from his NYU Stern page, and Alpha Spread's Free Plan covers 3 stock reports a week (as of October 2026).
- Can I do a DCF without Excel?
- Yes. Brief Equity builds a discounted cash flow and an EV/EBITDA model on your own assumptions, with Bear, Base, and Bull scenarios, a sensitivity table, and a Monte Carlo range, with no spreadsheet involved. Base starts on the latest Street consensus, so there is nothing to re-key.
- Does TIKR have DCF models?
- TIKR's Valuation Model Builder values on a P/E multiple. It has a free Guided Model and a paid Advanced Model, and its pages say both use a P/E-based valuation method for now, with more methods planned (as of October 2026). Brief Equity's models are a discounted cash flow and an EV/EBITDA model, with Bear, Base, and Bull scenarios, a sensitivity table, and a Monte Carlo range.
- What makes Brief Equity's models different?
- They are a discounted cash flow and an EV/EBITDA model you drive end to end on your own assumptions, starting from the latest Street consensus, with Bear, Base, and Bull scenarios, a sensitivity table, a Monte Carlo range, peer comparables, and versions you save and restore. They sit in the same workspace as the feed, the financials, and a true notebook for every stock, and a model saves into that notebook on a page linked back to it.