Choose a model
Each card values On24 a different way, shown at our starting inputs. Pick one to see and change how it works.
Set your assumptions
On24 on revenue: sales per share grow and the stock trades at a normal price-to-sales multiple. For companies not yet profitable.
Years to project
Growth of revenue per share
Revenue per share; starts at its own recent growth
Exit P/S
Starts at its industry's median P/S
Your desired return
Margin of safety
More
Your buy price
The expected return is measured from it; starts at today's price
How it's worked out
Today's revenue per share
Last twelve months
$3.25
Revenue in 2031
Grows 0.0% a year for 5 years
$3.25
Price in 2031
$3.25 × 4.0 P/S
$13.00
Worth today
÷ 1.10^5: your 10% a year, taken back out
$8.07
Fair value
The most you can pay and still earn 10% a year
$8.07
Buy below
Fair value minus your 25% margin of safety
$6.05
Every rule is on the methodology page.
Outcome
What your assumptions give, and the path from today's price.
Fair value
$8.07
Expected return
Set a buy price
Future price, 2031
$13.00
Buy below
$6.05
Projection
Solid blue: the price at each year end. Dashed blue: from today's price to the 2031 price. Green: from the fair value, rising at your 10% a year to the same end point; buy at or below it and you earn at least that. Every rule is on the methodology page. A model, not a forecast or advice.
Build your own intrinsic value for On24 Inc. Start from three cases based on the company's own filings, then change any number to match your view.
Conservative
$6.00
Buy below $4.50 for a 25% safety margin
Your assumptions
Base
$8.52
Buy below $6.39 for a 25% safety margin
Your assumptions
Optimistic
$12.78
Buy below $9.59 for a 25% safety margin
Your assumptions
Where today's price sits
The three intrinsic values, without a price to compare them with.
Base free cash flow
$4M
Trailing twelve months
Historical FCF CAGR
+19.5%
Across 6 reported periods
Market implies
–
Needs a comparable price
Terminal value share
69%
Of the base case valuation
Growth needed to justify today's price
No growth rate in the tested range reproduces today's price at these assumptions.
Curve holds terminal growth at 2.5%, years 6 to 10 at half the first-stage rate, and applies no safety margin.
Free cash flow history
The most recent period is the base every projection starts from. Compounded, that history is +19.5% a year.
On24 (ONTF) intrinsic value and fair value
The calculator grows one of On24's per-share figures (earnings, free cash flow, revenue, book value or dividends) for a few years, puts an exit multiple on it, and discounts the result back at the yearly return you want. The answers below use its starting inputs for ONTF; this is analysis, not investment advice.
Frequently asked
What is On24's (ONTF) intrinsic value?+
With Intrinsiqq's starting inputs, On24's fair value is about $8.07 a share, based on its revenue per share. That assumes revenue per share of $3.25 grows about 0.0% a year for 5 years, the stock then trades at 4.0 times revenue, and you want a 10.0% yearly return. On its other figures: free cash flow $1.03. Every input can be changed on the page; the result is a model, not a forecast.
What growth does the On24 valuation assume?+
Revenue per share grows about 0.0% a year to start, its own recent growth per share (three years for a company not yet profitable, five otherwise). The exit multiple starts at its industry's median.
What is a good margin of safety for On24?+
A margin of safety is the cushion you want below the fair value before buying, in case the inputs are wrong. The calculator uses 25%, which puts the buy-below price at $6.05. Less predictable businesses deserve a wider cushion, or a higher desired return.
SourceFair value computed from the 10-Q filed 5 Mar 2026, covering the period ending 31 Dec 2025, as reported to the SEC. Data last refreshed 8 Jun 2026. How this is calculated.
Fiscal year ends Dec.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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