---
title: "Fair Value Estimate"
method: GET
path: "/fair-value/{ticker}"
tags: ["Research"]
---

# Fair Value Estimate

`GET /fair-value/{ticker}`

## Request

- Base URL: `https://nzxplorer.co.nz/api/v1`
- URL: `https://nzxplorer.co.nz/api/v1/fair-value/{ticker}`
- Auth: one of:
  - API key in header `X-API-Key`
  - API key in query parameter `api_key`

Multi-model fair value estimation using DCF (discounted cash flow), Dividend Discount Model (Gordon Growth), and EV/EBITDA relative valuation. Returns composite estimate, individual model outputs, confidence level, and methodology notes. Assumptions are user-adjustable via query parameters. This is an automated estimate, not a target price or investment recommendation.

## Path parameters

- `ticker` string, required

## Query parameters

- `discount_rate` number
- `terminal_growth` number
- `projection_years` number
- `required_return` number

## Response `200`

Fair Value Estimate

- Envelope: Standard API response envelope
  - `data` unknown
  - `meta` object
    - `api_version` string
    - `timestamp` string, date-time
    - `format` 'standard' | 'llm' | 'fdc3' | 'toon'
    - `endpoint` string

## Other responses

- `401`: Missing or invalid API key
- `404`: Resource not found
- `429`: Rate limit exceeded
- `500`: Internal server error

---

[API](https://skmtc.dev/nzxplorer/apis/nzxplorer-api.md) · [All operations](https://skmtc.dev/nzxplorer/apis/nzxplorer-api/llms.txt) · [OpenAPI document](https://skmtc.dev/nzxplorer/apis/nzxplorer-api/revisions/f3b95341783a?raw)