Thomson Reuters sells subscription legal research through Westlaw and CoCounsel, tax and accounting software, and the Reuters news feed, with most revenue recurring under multi-year contracts. Its moat rests on proprietary content libraries and workflow embedding inside law firms and corporate tax departments, which makes switching costs high and pricing power durable, reflected in a 28.3% operating margin. The near-term driver is generative AI: CoCounsel is being sold as an add-on to the Westlaw base, giving the company a way to monetize AI without rebuilding its customer relationships. Revenue is growing 9.5%, and at 27.4x trailing earnings against 20.5x forward, the market is pricing in a meaningful earnings ramp that the next few reporting periods will test. The 14.2% return on equity and 39.7% gross margin are solid but not exceptional for the valuation, so the case depends on whether AI upsell lifts growth without eroding margins. Worth a deeper look to pressure-test that earnings step-up against the subscription renewal data.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | $128 | $100 | $123 |
| 19 Oct 2026, 19:04 CEST | Rating | Overvalued | first publication | $109 |
| 19 Oct 2026, 19:04 CEST | Fair value | $74.70 | $77.19 | $109 |
| 11 Oct 2026, 00:00 CEST | Fair value | $77.19 | $76.01 | $103 |
| 28 Sept 2026, 00:00 CEST | Fair value | $76.01 | $77.33 | $98.99 |
| 26 Sept 2026, 00:00 CEST | Fair value | $77.33 | $74.77 | $100 |
| 24 Sept 2026, 00:00 CEST | Fair value | $74.77 | $76.33 | $95.66 |
| 20 Sept 2026, 00:00 CEST | ACCE price target | $100 | first publication | $94.39 |
| 14 Sept 2026, 00:00 CEST | Fair value | $76.33 | $75.46 | $97.35 |
| 12 Sept 2026, 00:00 CEST | Fair value | $75.46 | $77.51 | $95.71 |
Answered from Thomson Reuters Corporation Common Shares fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| TRI Thomson Reuters Corporation Common Shares | $123.17 | $75 | 65% above | 32.3x | 14.2% | 82 | 69 |
| TRI.TO Thomson Reuters Corporation | C$172.43 | C$107 | 60% above | 34.9x | 14.2% | 82 | 69 |
| REN.AS RELX PLC | €36.18 | €27 | 32% above | 25.2x | 131.9% | 82 | 65 |
| REL.L RELX | £30.28 | £23 | 33% above | 24.3x | 131.9% | 82 | 65 |
| RELX RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) | $40.62 | $34 | 21% above | 24.3x | 131.9% | 82 | 65 |
| CTAS Cintas Corporation Common Stock | $224.04 | $96 | 133% above | 44.2x | 41.4% | 85 | 65 |
| CPRT Copart Inc. (DE) Common Stock | $29.09 | $45 | 35% below | 18.8x | 16.2% | 86 | 48 |
Where TRI ranks against its sector peers on each metric.