Webull Corp (BULL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Webull Corp stock $1.73, price $4.92, that is 64.8% below the price, quality 50 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
51‑month range $4.63 – $62.90 · fair‑value band $1.30 – $2.40 · the $4.92 price screens above the $1.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Webull Corporation operates as a digital investment platform. The company offers various products and services, including trading, wealth management product distribution, market data and information, user community, and investor education.
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Its platform enables retail investors to trade securities through its licensed broker dealer in the United States, Canada, the United Kingdom, Australia, Hong Kong, Indonesia, Singapore, Malaysia, Thailand, Japan, South Africa, the Netherlands, and internationally.
Webull Corporation was founded in 2016 and is headquartered in Saint Petersburg, Florida.
Stock analysis
Webull Corp (BULL) currently trades at $4.92, while our model-based Fair Value estimate is $1.73, 65% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $5.49 per share, and 1 of the 11 models we run sit above the $4.92 price.
Bear case: the Asset-Based group reads lowest at $1.31, and 10 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $1.30 (bear) to $2.40 (bull), the price of $4.92 sits above 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 50/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Webull Corp reported revenue of $571M in FY2025 versus $388M in FY2022, a compound +13.7%/yr. Reported net income was $24.8M in FY2025.
Key figures
Market cap $3.2B Mid · P/E ratio 73.9 · P/S ratio 4.74 · EPS (TTM) $0.0800 · Net margin 6.3% · Return on equity 4.7% · Return on assets (EBIT) 2.2% (4-year average) · Operating margin 22.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −65%, BULL screens richer than that median.
Fair Value models
Bear$1.30Fair Value $1.73Bull$2.40
Price $4.92 · Downside -64.8%
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 ($0.0684 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
Owner Earnings$3.05$3.86$5.3974
Growth DCF$4.33$6.19$9.5774
Rev-Margin DCF$3.70$4.79$6.2770
All 11 models by family
DCF Models
Owner Earnings$3.05$3.86$5.3974
5Y P/E Exit$3.23$3.78$4.4269
10Y P/E Exit$3.58$4.25$5.1962
Earnings-Based
Graham-Dodd$0.3700$2.04$2.8261
Lynch FV$0.5700$0.8100$1.0558
Multiples
P/E Multiple$0.5300$0.7100$0.880063
P/B Multiple$2.14$2.86$3.5755
Asset-Based
NCAV (Graham)$0.8700$1.31$1.6455
Growth DCF
Growth DCF$4.33$6.19$9.5774
Rev-Margin DCF$3.70$4.79$6.2770
Economic Profit
Residual Income$1.53$1.53$1.5968
The fair value above starts from this blend and is adjusted for dilution from new shares.
In the last 6 months, 3 officers or directors sold shares worth $3.9M and none bought.
SaleAnthony Michael DenierPresident, Director7× since May 26, 2026: 398,078 shares, avg. $7.33$2.9MNov 4, 2026
SaleHaichen WangChief Financial Officer, Director55,000 shares at $8.98$493,900Sep 14, 2026
SaleBenjamin Worthy JamesGeneral Counsel, Director50,273 shares at $9.02$453,462Aug 21, 2026
Plus 2 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.
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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+46.3%
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.
+13.7%
’22
’23
’24
’25
What shareholders gained per year (last 3 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 3 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. Basis: adjusted.
+14.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.2%
Dividend (yield on the price)0.0%
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+22.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.5% a year for the forecasts.
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.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: The business gains efficiency from its large China technical team enabling rapid feature rollout and cost control yet faces weak returns on equity and assets plus thin evidence across governance and innovation metrics.
Main risk: Congressional findings on data handling and governance from the China setup could force costly restructuring that hits operational efficiency and US customer demand.
Webull depends on a large technical team in China for platform development and cost control, enabling quick rollout of features that attract retail traders. Congressional findings question how this setup affects data handling and governance for its US customers. Our models see the shares as overvalued given the resulting uncertainty. Will its operational setup deliver lasting efficiency advantages, or force costly restructuring to meet regulatory standards?
Price, fair value, quality and upside side by side.
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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.Software - Application · 630 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−64.8% · Bottom 25%
Profitability
Return on equity (12 months)4.7% · Below median
Return on assets0.6% · Below median
Net margin (12 months)6.3% · Above median
Operating margin (12 months)22.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)51.9% · Top 25%
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Webull Corp Fair Value". https://www.fairvalue-calculator.com/stock/BULL
Frequently asked questions
Is Webull Corp (BULL) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $1.73 versus a price of $4.92, about 65% lower (overvalued).
What is the fair value of BULL?
Our model-based fair value for Webull Corp is $1.73 (as of Nov 7, 2026), built from audited fundamentals. The current price: $4.92.
What is the quality score of BULL?
Webull Corp has a Quality Score of 50/100. 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 Webull Corp (BULL)?
Our model-based price target is the fair value of $1.73 (as of Nov 7, 2026) from 11 valuation models. Cautious scenario $1.30, optimistic scenario $2.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Webull Corp stock forecast for 2026?
Our models put fair value at $1.73, about 65% lower versus a price of $4.92 (overvalued). Cautious scenario $1.30, optimistic scenario $2.40. The calculation is refreshed regularly with new filings.
What is the revenue of Webull Corp (BULL)?
Webull Corp reported trailing-twelve-month revenue of about $672M (latest available figure, as of Nov 7, 2026).
What growth is priced into Webull Corp (BULL)?
For today's price to be fair in a discounted-cash-flow model, Webull Corp would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +13.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of BULL use?
Our models discount Webull Corp at 8.9 %: a base by market capitalisation (mid), damped by beta 0.65, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Webull Corp that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Webull Corp (BULL) delivered so far?
Over the past 3 years revenue at Webull Corp grew +13.7 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Webull Corp (BULL) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Webull Corp (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Webull Corp (BULL)?
The free-cash-flow yield on the price is 21.03 %: that much free cash flow Webull Corp produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Webull Corp (BULL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Webull Corp it is $1.73 per share (as of Nov 7, 2026), against a price of $4.92. It is the blended result of 11 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Webull Corp stock overvalued or undervalued in 2026?
As of Nov 7, 2026, BULL trades above its calculated fair value: price $4.92, fair value $1.73, a gap of about −65% (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 BULL?
No. The price is what the market pays today ($4.92); the fair value is what the company's own numbers justify ($1.73). For Webull Corp the two are $3.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Webull Corp worth?
The market values Webull Corp at about $3.2B (market capitalisation, as of Nov 7, 2026). Per share that is $4.92; our models calculate a fair value of $1.73 per share.
What do the bullish and bearish scenarios say about BULL?
Our models span a range for Webull Corp: cautious scenario $1.30, base $1.73, optimistic $2.40 per share (as of Nov 7, 2026, price $4.92). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BULL?
Webull Corp trades at a price-to-earnings ratio of 73.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.73 is built from several models across several years. Other multiples: P/B 3.1, P/S 4.7, EV/EBITDA 19.8.
How solid is the balance sheet of Webull Corp (BULL)?
Balance-sheet figures for Webull Corp (as of Nov 7, 2026): return on equity 4.7%, debt of 0.06 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is BULL from its 52-week high?
Webull Corp trades at $4.92, about 52% below its 52-week high of $10.25 and 6% above the low of $4.63 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $1.73 is for.
Which stocks are comparable to Webull Corp?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, 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 Webull Corp stock attractive at the current price?
The data as of Nov 7, 2026: price $4.92, calculated fair value $1.73 (−65%), Quality Score 50/100, from 11 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 BULL calculated?
We run Webull Corp through 11 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $1.73 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Webull Corp 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 Webull Corp (BULL)?
The closing price on Nov 6, 2026 was $4.92. Our model-based fair value is $1.73, about 65% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Webull Corp right now?
The price sits above even our optimistic bull case ($2.40). The favourable scenario is already priced in. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($1.30 to $2.40) leaves room in how you read the outcome.
Key figures of Webull Corp
How large is the market capitalisation of Webull Corp (BULL)?
The market capitalisation of Webull Corp is $3.2B. 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 Webull Corp (BULL)?
The price-to-sales ratio of Webull Corp is 4.74 (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 Webull Corp (BULL)?
Earnings per share at Webull Corp are $0.0800 (price ÷ EPS = P/E 73.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Webull Corp (BULL)?
The net margin of Webull Corp is 6.3% (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 Webull Corp (BULL)?
The return on equity (ROE) of Webull Corp is 4.7% (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 Webull Corp (BULL)?
On an EBIT basis the return on assets of Webull Corp is 2.2% (avg 4y). 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 Webull Corp (BULL)?
The operating margin of Webull Corp is 22.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Webull Corp (BULL)?
Revenue at Webull Corp is growing +51.9% versus a year earlier (3y avg +13.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Webull Corp (BULL) hold?
Webull Corp holds more cash than debt, $2.1B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026