# Stock Valuation: S&P 500 Two-Stage Growth Dividend Discount Model Calculator

Use the S&P 500 Two-Stage Growth Dividend Discount Model Calculator to compute the intrinsic value of the S&P 500. Use the Dividend Growth Rate Calculator to get the annualized dividend growth rate.

NOTE: The Current Stage and Stable Stage Cost of Equity must be greater than the Stable Stage Annual Dividend Growth Rate.

## Computational Notes

The calculator, which assumes two stages of dividend growth, uses the following formula to compute the intrinsic stock value:

Intrinsic Stock Value = Present value of dividends during current stage + Present value of terminal value

See DIVIDEND DISCOUNT MODELS by Aswath Damodaran for detailed computational procedures.

## Related Calculators

Capital Asset Pricing Model (CAPM) CalculatorStock Valuation: H-Model Dividend Discount Model Calculator

Stock Valuation: Stable Growth Dividend Discount Model Calculator

Stock Valuation: Two-Stage Growth Dividend Discount Model Calculator