Stantec Inc (STN) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Stantec Inc stock $65.93, price $72.31, that is 8.8% below the price, quality 60 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range $39.58 – $112.99 · fair‑value band $46.15 – $85.71 · the $72.31 price screens above the $65.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
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Stantec Inc. provides professional services in the areas of infrastructure and facilities to private and public sectors in Canada, the United States, and internationally.
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The company offers evaluation, planning, and designing infrastructure solutions; various permitting, conservation, ecosystem restoration, health sciences, and environmental, social, and governance strategy services; solutions for sustainable water resources, planning, management, and infrastructure; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.
It also provides consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
In addition, the company provides fire engineering, electrical, mechanical, hydraulics, buildings sustainability, and civil expertise services; services in mission critical, academic, civic, cultural, aviation, science and technology, commercial, industrial, and workplace; and delivers services to local authorities, government departments, private clients, and utility companies.
Further, the company is involved in the planning, design, construction administration, commissioning, maintenance, decommissioning, and remediation services.
Additionally, it offers infrastructure planning, inspection, project management, and construction management services; transportation, buildings, and environmental services; and energy and sustainability, fire safety, civil and structural, and mechanical, electrical and plumbing (MEP) engineering, transport, environmental, and geotechnical services.
The company was formerly known as Stanley Technology Group Inc. and changed its name to Stantec Inc. in October 1998. Stantec Inc. was founded in 1954 and is headquartered in Edmonton, Canada.
Stock analysis
Stantec Inc (STN) currently trades at $72.31, while our model-based Fair Value estimate is $65.93, so the stock looks roughly fairly valued today (gap 9.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $96.78 per share, and 12 of the 24 models we run sit above the $72.31 price.
Bear case: the Dividend Discount group reads lowest at $10.24, and 12 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $46.15 (bear) to $85.71 (bull), the price of $72.31 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 60/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Stantec Inc reported revenue of C$8.1B in FY2025 versus C$4.6B in FY2021, a compound +15.5%/yr. Reported net income was C$479M in FY2025, compounding +24.3%/yr from FY2021.
Key figures
Market cap $8.2B Mid · P/E ratio 22.5 · P/S ratio 1.33 · EPS (TTM) $3.21 · Dividend yield 0.9% · Net margin 5.9% · Return on equity 15.7% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 35% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −32% fair-value upside, at −9%, STN screens cheaper than that median.
Fair Value models
Bear$46.15Fair Value $65.93Bull$85.71
Price $72.31 · Downside -8.8%
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 ($2.13 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.
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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+8.5%
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.
+12.8%
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.
+17.0%
Start year 2020 (pandemic). Over 10 years: +11.0% a year
Revenue growth 29 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.
+15.8%
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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. Basis: adjusted.
+20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.2%
Dividend (yield on the price)0.9%
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.25.7% vs 11.3%, 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.7% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
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).
+4.3%
Yearly growth needed for the next five years to justify today's price.
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.
+1.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in CAD, Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +2.1% a year for the price and −1.0% for the forecasts.
AI conclusion: Stantec shows strength in its record contract backlog with double-digit organic growth in water, yet its main weakness remains thin evidence of durable advantages alongside project delays.
Main risk: US project timing delays together with acquisition integration challenges could slow steady conversion of the backlog into organic revenue for this engineering and construction firm.
Stantec reports a record contract backlog with double-digit organic growth in its water segment. New leaders have just been named for the buildings and water businesses to sharpen execution. Yet some US project timing delays persist. Will the backlog convert steadily into organic revenue or will acquisition integration and delays weigh more heavily?
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.Engineering & Construction · 785 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−8.8% · Below median
Profitability
Return on equity (12 months)15.7% · Top 25%
Return on assets6.0% · Top 25%
Net margin (12 months)7.4% · Above median
Operating margin (12 months)13.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)11.5% · Above median
Dividend yield (12 months)0.9% · Below median
Balance sheet
Debt / equity0.47× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)22.5× · Pricier than median
P/B3.54× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Stantec Inc Fair Value". https://www.fairvalue-calculator.com/stock/STN
Frequently asked questions
Is Stantec Inc (STN) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of $65.93 versus a price of $72.31, about 9% lower (fairly valued).
What is the fair value of STN?
Our model-based fair value for Stantec Inc is $65.93 (as of Nov 2, 2026), built from audited fundamentals. The current price: $72.31.
What is the quality score of STN?
Stantec Inc has a Quality Score of 60/100. 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 Stantec Inc (STN)?
Our model-based price target is the fair value of $65.93 (as of Nov 2, 2026) from 24 valuation models. Cautious scenario $46.15, optimistic scenario $85.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Stantec Inc stock forecast for 2026?
Our models put fair value at $65.93, about 9% lower versus a price of $72.31 (fairly valued). Cautious scenario $46.15, optimistic scenario $85.71. The calculation is refreshed regularly with new filings.
What is the revenue of Stantec Inc (STN)?
Stantec Inc reported trailing-twelve-month revenue of about C$6.8B (latest available figure, as of Nov 2, 2026).
Does Stantec Inc pay a dividend?
Stantec Inc currently shows a dividend yield of 0.93% relative to its recent price (as of Nov 2, 2026).
What growth is priced into Stantec Inc (STN)?
For today's price to be fair in a discounted-cash-flow model, Stantec Inc would have to grow free cash flow by +4.3 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.0 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of STN use?
Our models discount Stantec Inc at 9.1 %: a base by market capitalisation (mid), damped by beta 0.73, 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 Stantec Inc that is +4.3 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Stantec Inc (STN) delivered so far?
Over the past 5 years revenue at Stantec Inc grew +17.0 % a year. The price currently implies +4.3 % per year free-cash-flow growth a 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 Stantec Inc (STN) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Stantec Inc (+4.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Stantec Inc (STN)?
The free-cash-flow yield on the price is 6.88 %: that much free cash flow Stantec Inc produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Stantec Inc (STN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Stantec Inc it is $65.93 per share (as of Nov 2, 2026), against a price of $72.31. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Stantec Inc stock overvalued or undervalued in 2026?
As of Nov 2, 2026, STN trades above its calculated fair value: price $72.31, fair value $65.93, a gap of about −9% (fairly valued). 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 STN?
No. The price is what the market pays today ($72.31); the fair value is what the company's own numbers justify ($65.93). For Stantec Inc the two are $6.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Stantec Inc worth?
The market values Stantec Inc at about $8.2B (market capitalisation, as of Nov 2, 2026). Per share that is $72.31; our models calculate a fair value of $65.93 per share.
What do the bullish and bearish scenarios say about STN?
Our models span a range for Stantec Inc: cautious scenario $46.15, base $65.93, optimistic $85.71 per share (as of Nov 2, 2026, price $72.31). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of STN?
Stantec Inc trades at a price-to-earnings ratio of 22.5 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $65.93 is built from several models across several years. Other multiples: PEG 1.4, P/B 3.5, P/S 1.7, EV/EBITDA 12.2.
What is the PEG ratio of STN?
The PEG ratio of Stantec Inc is 1.38 (P/E divided by earnings growth, as of Nov 2, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Stantec Inc (STN)?
Balance-sheet figures for Stantec Inc (as of Nov 2, 2026): return on equity 15.7%, debt of 0.47 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is STN from its 52-week high?
Stantec Inc trades at $72.31, about 35% below its 52-week high of $111.17 and 8% above the low of $66.67 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of $65.93 is for.
Which stocks are comparable to Stantec Inc?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, 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 Stantec Inc stock attractive at the current price?
The data as of Nov 2, 2026: price $72.31, calculated fair value $65.93 (−9%), Quality Score 60/100, from 24 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 STN calculated?
We run Stantec Inc through 24 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 $65.93, 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 14.9 % above its aggregate fair value. Stantec Inc 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 Stantec Inc (STN)?
The closing price on Oct 30, 2026 was $72.31. Our model-based fair value is $65.93, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Stantec Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($46.15 to $85.71) leaves room in how you read the outcome.
Where does the earnings growth of Stantec Inc (STN) come from?
Earnings per share at Stantec Inc grew +10.8 % a year from 2015 to 2025. Broken into its drivers: revenue per share +7.4 %, EBIT margin +3.8 %, tax rate +0.7 %, residual (interest, one-offs) −1.2 %. 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 Stantec Inc
How large is the market capitalisation of Stantec Inc (STN)?
The market capitalisation of Stantec Inc is $8.2B. 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 Stantec Inc (STN)?
The price-to-sales ratio of Stantec Inc is 1.33 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Stantec Inc (STN)?
Earnings per share at Stantec Inc are $3.21 (price ÷ EPS = P/E 22.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Stantec Inc (STN)?
The dividend yield of Stantec Inc is 0.9% (payout 21.0%). 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 Stantec Inc (STN)?
The net margin of Stantec Inc is 5.9% (fiscal year 2025). 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 Stantec Inc (STN)?
The return on equity (ROE) of Stantec Inc is 15.7% (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 Stantec Inc (STN)?
On an EBIT basis the return on assets of Stantec Inc is 7.9% (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 Stantec Inc (STN)?
The operating margin of Stantec Inc is 13.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Stantec Inc (STN)?
Revenue at Stantec Inc is growing +11.5% versus a year earlier (3y avg +12.8%). 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 Stantec Inc (STN)?
Earnings per share at Stantec Inc are growing +11.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Stantec Inc (STN) carry?
The net debt of Stantec Inc is C$2.7B (fiscal year 2025, ≈ 3.5 yrs of FCF). 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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Broad data
Nov 2, 2026