The analysis discusses Netflix's revenue growth from $8.8 billion in 2016 to over $43 billion in the most recent trailing twelve-month period, attributing this increase to the convenience of streaming over traditional cable and satellite subscriptions. The discussion includes the current forward P/E of 34, which suggests a fair valuation. Utilizing a proprietary discounted cash flow model, the intrinsic value per share is estimated at $97.24, close to the market price of $103.94. Netflix is fairly valued to slightly undervalued. The recommendation is to buy into 2026 at current market prices or lower.