How is Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)'s fair value calculated?

Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples (PE, EV/EBITDA, P/S, P/B) benchmarked against its industry — using data from SEC filings.

What is Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)'s PE ratio versus its industry?

EvidInvest shows Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)'s current and historical PE ratio alongside its sector and industry averages, so you can see whether the stock trades at a premium or discount to peers. Full breakdown at https://evidinvest.com/valuation/VTSAX.

Fair value · Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) · updated 2026-09-15 · from 10-K FY2022

Vanguard Total Stock Market Index Fund Admiral Shares trades at $184.08. We are not reading assumptions out of that price: financials are filed in INR; our prices are in USD, so these methods need a conversion we do not yet publish.

Q: What is Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)'s fair-value range?

EvidInvest does not publish a fair-value range for Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). Financials are filed in INR; our prices are in USD, so these methods need a conversion we do not yet publish. The filed statements, the filing citations and the growth history are all available at https://evidinvest.com/valuation/VTSAX. Not investment advice.

Everything below is unaffected: the filed statements, the filing they came from, and VTSAX’s growth history are all as reported.

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The filing behind these numbers

Vanguard Total Stock Market Index Fund Admiral Shares

Revenue: INR 5.9B
Diluted EPS: INR 3.47
Free cash flow: INR 33.2M; operating cash flow − capital expenditure
Diluted shares: 15.1M; weighted average

10-K FY2022 · fiscal year ended 2023-03-31 · filed 2023-03-31

Trailing-twelve-month EPS also uses the quarterly 10-Qs through Q3 FY2023 (filed 2023-12-31).

Open the 10-K list on sec.govCIK 36405

Valuation tool: build your own VTSAX range

Fair Value Summary

Daily Price — VTSAX

$184.08 +2.4% (1Y)

Your range0 of 8 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what VTSAX is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has VTSAX’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

Financials are filed in INR; our prices are in USD, so these methods need a conversion we do not yet publish.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

Financials are filed in INR; our prices are in USD, so these methods need a conversion we do not yet publish.

Not solvable from the price — Financials are filed in INR; our prices are in USD, so these methods need a conversion we do not yet publish. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what VTSAX has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth33.5%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%99.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth7.3%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)8.75%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $760M · PV terminal $1,411M · EV $2,171M · equity $2,115M

Year	Stage	FCF	Present value
1	Stage 1	$44M	$41M
2	Stage 1	$59M	$50M
3	Stage 1	$79M	$61M
4	Stage 1	$105M	$75M
5	Stage 1	$140M	$92M
6	Stage 2	$150M	$91M
7	Stage 2	$161M	$90M
8	Stage 2	$173M	$88M
9	Stage 2	$185M	$87M
10	Stage 2	$199M	$86M

Inputs from the filing

Financials are filed in INR; our prices are in USD, so these methods need a conversion we do not yet publish.

Free cash flow: INR 0; sum of the last four quarters
EBIT: INR 143.1M; latest annual
Shares: 0
Total debt: INR 165.7M
Cash: INR 109.7M
Net debt: INR 56.0M; debt − cash

10-K FY2022 · period ended 2023-03-31 · filed 2023-03-31 · sec.gov

Prefer a blank slate with reverse DCF? Open the standalone DCF / reverse DCF for VTSAX

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Vanguard Total Stock Market Index Fund Admiral Shares trades at $184.08. We are not reading assumptions out of that price: financials are filed in INR; our prices are in USD, so these methods need a conversion we do not yet publish.

The filing behind these numbers

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Valuation tool: build your own VTSAX range

Daily Price — VTSAX

Your range0 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

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