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Data-driven stock valuation

Wells Fargo & Company (WFC) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Wells Fargo & Company stock $66.59, price $84.80, that is 21.5% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services US

WF Wells Fargo & Company logo Broad data Nov 6, 2026

Wells Fargo & Company

WFC · US
Solid, but expensive

Our calculation puts a fair price 21% below what the stock costs today.

Highly profitable · 27.6% net margin (TTM)
2.2% dividend yield · Low payout
Broad data
Quality 56/100
Expensive Growth (revenue 5y +8.5 %/yr in USD)
Mixed vs. peers (8/14)
Moderate moat 63/100
Fair value $66.59 · Overvalued (−21.5%)
Negative coverage

Risks from the AI analysis

🚩Neobanks erode retail deposit and account share

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$94.83 $33.17 Fair Value $66.59 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range $33.17 – $94.83 · fair‑value band $56.44 – $92.78 · the $84.80 price screens above the $66.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.

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Company profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.

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It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.

The company's financial products and services includes checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services.

It also provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services; and financial solutions to private, family owned and public companies through products and services including banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management.

In addition, it offers a suite of capital markets, banking, and financial products and services, such as corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services to corporate, commercial real estate, government, and institutional clients.

Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Stock analysis

Wells Fargo & Company (WFC) currently trades at $84.80, while our model-based Fair Value estimate is $66.59, 21% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $69.88 per share, and 1 of the 6 models we run sit above the $84.80 price.

Bear case: the Asset-Based group reads lowest at $33.44, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: $56.44 (bear) to $92.78 (bull), the price of $84.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 56/100 (solid quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Wells Fargo & Company reported revenue of $124B in FY2025 versus $83.1B in FY2021, a compound +10.4%/yr. Reported net income was $21.3B in FY2025, compounding −0.9%/yr from FY2021.

Key figures

Market cap $261B Mega · P/E ratio 12.3 · P/S ratio 3.14 · EPS (TTM) $6.92 · Dividend yield 2.2% · Net margin 27.6% · Return on equity 12.9% · Return on assets (EBIT) 1.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (medium confidence).

What moves the price

The share trades about 11% below its 52-week high and 16% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −21%, WFC screens richer than that median.

Fair Value models

Bear $56.44 Fair Value $66.59 Bull $92.78
Price $84.80 · Downside -21.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($4.31 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income $56.44 $66.59 $92.78 76
Gordon GGM $20.53 $44.25 $73.27 66
DDM Multi-Stage $20.53 $34.47 $46.21 66
All 6 models by family
Dividend Discount
Gordon GGM $20.53 $44.25 $73.27 66
DDM Multi-Stage $20.53 $34.47 $46.21 66
Multiples
P/E Multiple $69.31 $92.41 $115.52 63
P/B Multiple $52.41 $69.88 $87.35 55
Asset-Based
NCAV (Graham) $24.96 $33.44 $49.91 54
Economic Profit
Residual Income $56.44 $66.59 $92.78 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 31
How much profit the company makes from its sales and capital
Quality Growth 45
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 27
Debt, balance sheet and risk of trouble
Investment 92
Does it invest with discipline instead of growing at any price?
Low Volatility 70
How calm the share price moves, does not count
Price momentum 40
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 43
Distance to the 52-week high, does not count
New shares 100
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

  • SaleBridget E. EngleSr. Executive Vice President30,000 shares at $87.10$2.6MFeb 26, 2026
  • SaleEllen R PattersonSr. EVP and General Counsel60,000 shares at $87.40$5.2MFeb 26, 2026
  • SaleKleber SantosSr. Executive Vice President25,000 shares at $87.72$2.2MFeb 20, 2026

Plus 3 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.5%
Start year 2020 (pandemic). Over 10 years: +3.5% a year
Revenue growth 36 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.0%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.3%
Dividend (yield on the price)2.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8.3% vs 4.4%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 20%
Pace: the 5-year rate starts in 2020 (pandemic)

WFC screens overvalued: fair value 21% below the price. Compare with JPMorgan Chase & Co →

Recent news

News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Negative
Recent news coverage is more negative than average.
Note from the team Oct 27, 2026
AI conclusion: Moderate moat in diversified banking is offset by governance and human capital limitations plus regulatory history that may constrain long-term durability.
Main risk: Neobanks such as Chime and SoFi could capture more new checking and savings accounts from traditional banks including Wells Fargo, reducing its retail customer base and deposit funding.
Bull case: Wells Fargo could leverage its scale, branch network and AI tools to retain primary relationships and integrate digital offerings that match neobank convenience while serving broader client needs.
Bear case: If neobanks continue gaining primary accounts especially among younger customers, Wells Fargo might see sustained pressure on low-cost deposits and fee income from retail banking over the coming years.
Wells Fargo is splitting its consumer banking leadership so one executive now focuses solely on deposits, cards and lending while another drives AI enterprise-wide. The goal is faster progress on both customer growth and technology transformation. Will dedicated AI leadership unlock meaningful efficiency and capability gains before integration and execution risks limit the impact on core banking?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Diversified · 46 stocks

Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 56 · Below median
Fair Value upside −21.5% · Above median
Profitability
Return on equity (12 months) 12.9% · Above median
Return on assets 1.0% · Top 25%
Net margin (12 months) 27.6% · Below median
Operating margin (12 months) 34.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.4% · Bottom 25%
Dividend yield (12 months) 2.2% · Bottom 25%
Balance sheet
Debt / equity 0.97× · Below median

Valuation Multiplesvs Banks - Diversified median · lower = cheaper

P/E (12 months) 12.3× · Cheaper than median
P/B 1.44× · Cheaper than median
P/S (12 months) 3.14× · Cheaper than median
EV/EBITDA 8.9× · Cheaper than median
PEG 1.39× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)5 · sector 0
FUTURE (revenue growth)2 · sector 36
PAST (return on equity)52 · sector 47
HEALTH (low debt)52 · sector 40
DIVIDEND (yield)44 · sector 69

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Wells Fargo & Company: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Wells Fargo & Company Fair Value". https://www.fairvalue-calculator.com/stock/WFC

Frequently asked questions

Is Wells Fargo & Company (WFC) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $66.59 versus a price of $84.80, about 21% lower (overvalued).
What is the fair value of WFC?
Our model-based fair value for Wells Fargo & Company is $66.59 (as of Nov 6, 2026), built from audited fundamentals. The current price: $84.80.
What is the quality score of WFC?
Wells Fargo & Company has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Wells Fargo & Company (WFC)?
Our model-based price target is the fair value of $66.59 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario $56.44, optimistic scenario $92.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Wells Fargo & Company stock forecast for 2026?
Our models put fair value at $66.59, about 21% lower versus a price of $84.80 (overvalued). Cautious scenario $56.44, optimistic scenario $92.78. The calculation is refreshed regularly with new filings.
What is the revenue of Wells Fargo & Company (WFC)?
Wells Fargo & Company reported trailing-twelve-month revenue of about $83.1B (latest available figure, as of Nov 6, 2026).
Does Wells Fargo & Company pay a dividend?
Wells Fargo & Company currently shows a dividend yield of 2.18% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Wells Fargo & Company (WFC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wells Fargo & Company it is $66.59 per share (as of Nov 6, 2026), against a price of $84.80. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Wells Fargo & Company stock overvalued or undervalued in 2026?
As of Nov 6, 2026, WFC trades above its calculated fair value: price $84.80, fair value $66.59, a gap of about −21% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of WFC?
No. The price is what the market pays today ($84.80); the fair value is what the company's own numbers justify ($66.59). For Wells Fargo & Company the two are $18.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wells Fargo & Company worth?
The market values Wells Fargo & Company at about $261B (market capitalisation, as of Nov 6, 2026). Per share that is $84.80; our models calculate a fair value of $66.59 per share.
What do the bullish and bearish scenarios say about WFC?
Our models span a range for Wells Fargo & Company: cautious scenario $56.44, base $66.59, optimistic $92.78 per share (as of Nov 6, 2026, price $84.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WFC?
Wells Fargo & Company trades at a price-to-earnings ratio of 12.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $66.59 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 12.3. Other multiples: PEG 1.4, P/B 1.4, P/S 3.1, EV/EBITDA 8.9.
What is the PEG ratio of WFC?
The PEG ratio of Wells Fargo & Company is 1.39 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Wells Fargo & Company (WFC)?
Balance-sheet figures for Wells Fargo & Company (as of Nov 6, 2026): return on equity 12.9%, debt of 0.97 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is WFC from its 52-week high?
Wells Fargo & Company trades at $84.80, about 11% below its 52-week high of $94.83 and 16% above the low of $73.00 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $66.59 is for.
Which stocks are comparable to Wells Fargo & Company?
From the same area (Financial Services) we also value JPMorgan Chase & Co, China Construction Bank Corporation, Industrial and Commercial Bank of China Limited, Agricultural Bank of China Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Wells Fargo & Company stock attractive at the current price?
The data as of Nov 6, 2026: price $84.80, calculated fair value $66.59 (−21%), Quality Score 56/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WFC calculated?
We run Wells Fargo & Company through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $66.59, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Wells Fargo & Company itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Wells Fargo & Company (WFC)?
The closing price on Nov 5, 2026 was $84.80. Our model-based fair value is $66.59, about 21% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wells Fargo & Company right now?
Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Wells Fargo & Company (WFC) come from?
Earnings per share at Wells Fargo & Company grew +3.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.9 %, EBIT margin −4.9 %, tax rate +2.5 %, residual (interest, one-offs) −1.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Wells Fargo & Company

How large is the market capitalisation of Wells Fargo & Company (WFC)?
The market capitalisation of Wells Fargo & Company is $261B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Wells Fargo & Company (WFC)?
The price-to-sales ratio of Wells Fargo & Company is 3.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Wells Fargo & Company (WFC)?
Earnings per share at Wells Fargo & Company are $6.92 (price ÷ EPS = P/E 12.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wells Fargo & Company (WFC)?
The dividend yield of Wells Fargo & Company is 2.2% (payout 26.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Wells Fargo & Company (WFC)?
The net margin of Wells Fargo & Company is 27.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Wells Fargo & Company (WFC)?
The return on equity (ROE) of Wells Fargo & Company is 12.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Wells Fargo & Company (WFC)?
On an EBIT basis the return on assets of Wells Fargo & Company is 1.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Wells Fargo & Company (WFC)?
The operating margin of Wells Fargo & Company is 34.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wells Fargo & Company (WFC)?
Revenue at Wells Fargo & Company is growing +0.4% versus a year earlier (3y avg +14.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Wells Fargo & Company (WFC)?
Earnings per share at Wells Fargo & Company are growing +12.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wells Fargo & Company (WFC) generate?
The free cash flow of Wells Fargo & Company is −$19.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Wells Fargo & Company (WFC) carry?
The net debt of Wells Fargo & Company is $252B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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