A Look At Shift4 Payments (FOUR) Valuation After Major Governance And Capital Structure Simplification

Simply Wall St

Wed, February 11, 2026 at 5:16 PM GMT+9 3 min read

In this article:

•                                       StockStory Top Pick 
  

  FOUR

  +2.05%

 FOUR-PA  

 +1.08%  

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Shift4 Payments (FOUR) has just overhauled its capital structure by collapsing its multi class shares into a single Class A share, removing super voting rights, and ending its controlled company status under NYSE rules.

See our latest analysis for Shift4 Payments.

That governance overhaul arrives at a time when the 1 day share price return of 2.05% and 7 day share price return of 10.51% sit against a 1 year total shareholder return decline of 49.05%, with short term momentum picking up after weaker longer term performance.

If this kind of corporate clean up has your attention and you are wondering what else might be reshaping future growth stories, take a look at our 23 top founder-led companies.

With shares down 49.05% over the past year but up 10.51% in the last week and trading at $59.81 versus an average analyst target of $88.83, you have to ask: is there a buying opportunity here, or is the market already pricing in future growth?

Most Popular Narrative: 37.6% Undervalued

Compared with the latest fair value estimate of $95.86, Shift4 Payments at $59.81 sits well below the most followed narrative view, which leans on long term expansion, acquisitions and value added services.

The broad adoption and integration of value-added services (such as unified software and POS solutions like SkyTab) is driving higher merchant adoption internationally and domestically, supporting an increase in net spreads and boosting recurring, higher-margin revenue streams.

Read the complete narrative. Read the complete narrative.

Want to see what kind of revenue pace and margin profile are baked into that fair value, and how long management is assumed to sustain it? The most followed narrative leans on specific growth rates, rising profitability and a future earnings multiple that has to hold together for years. Curious which of those assumptions is doing the heavy lifting in getting from today’s price to that $95.86 figure? The full narrative breaks down those moving parts in plain numbers.

Result: Fair Value of $95.86 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, those assumptions can quickly look stretched if recent acquisitions prove harder to integrate than expected, or if hospitality and restaurant volumes soften further.

Find out about the key risks to this Shift4 Payments narrative.

Another View: What The P/E Ratio Is Saying

Our first narrative leaned on long term earnings power to argue Shift4 Payments looks undervalued at $59.81 versus a fair value of $95.86. The P/E ratio tells a tighter story, with the current 24.5x almost exactly in line with a fair ratio of 24.6x.

Story Continues  

That 24.5x multiple sits well above the US Diversified Financial industry average of 15.2x, yet well below the peer average of 57.6x. In practice, that means the market is already paying a premium to the wider industry, but not nearly as much as for closer peers. Is that a middle ground, or a sign that the market is still undecided about how much growth to pay for here?

See what the numbers say about this price — find out in our valuation breakdown.

NYSE:FOUR P/E Ratio as at Feb 2026

Build Your Own Shift4 Payments Narrative

If you are not fully on board with these viewpoints or simply prefer to trust your own read of the numbers, you can review the same data, test your assumptions, and put together a tailored story for Shift4 Payments in just a few minutes, then Do it your way

A great starting point for your Shift4 Payments research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

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_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include FOUR.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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