Where Food Comes From Inc (WFCF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Where Food Comes From Inc stock $5.54, price $15.32, that is 63.8% below the price, quality 76 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 6, 2026.
How to read this chart
60‑month range $8.65 – $18.13 · fair‑value band $3.70 – $8.18 · the $15.32 price screens above the $5.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Where Food Comes From, Inc., together with its subsidiaries, operates as a third-party food verification company in North America.
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The company conducts on-site and desk audits to verify claims about livestock, food, other specialty crops, and agricultural and aquaculture products; offers various value-added services, including verification, certification, consulting, and other professional services; and sells hardware and technology solutions.
It serves farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands, chefs, and restaurants, as well as beef and pork packers, organic producers and processors, and specialty retail chains.
The company was formerly known as Integrated Management Information, Inc. and changed its name to Where Food Comes From, Inc. in December 2012. Where Food Comes From, Inc. was founded in 1996 and is based in Castle Rock, Colorado.
Stock analysis
Where Food Comes From Inc (WFCF) currently trades at $15.32, while our model-based Fair Value estimate is $5.54, 64% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $6.29 per share, and 0 of the 24 models we run sit above the $15.32 price.
Bear case: the Economic Profit group reads lowest at $1.96, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.70 (bear) to $8.18 (bull), the price of $15.32 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 76/100 (high quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Where Food Comes From Inc reported revenue of $24.9M in FY2025 versus $21.9M in FY2021, a compound +3.2%/yr. Reported net income was $1.5M in FY2025, compounding −15.1%/yr from FY2021.
Key figures
Market cap $77.1M Micro · P/E ratio 54.7 · P/S ratio 3.08 · EPS (TTM) $0.2800 · Net margin 5.8% · Return on equity 15.4% · Return on assets (EBIT) 13.3% (5-year average) · Operating margin 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 66% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at −64%, WFCF screens richer than that median.
Fair Value models
Bear$3.70Fair Value $5.54Bull$8.18
Price $15.32 · Downside -63.8%
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 ($0.2401 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.
In the last 6 months, no officer or director bought or sold shares on the open market.
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.53/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.3%
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.
+0.1%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: +9.1% a year
Revenue growth 27 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.
−3.4%
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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.
+6.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.0%
Dividend (yield on the price)0.0%
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.6.0% vs 15.2%, slowing
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.8% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+32.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +28.9% a year for the price.
Compare Where Food Comes From Inc with another stock
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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.Specialty Business Services · 229 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside−63.8% · Bottom 25%
Profitability
Return on equity (12 months)15.4% · Above median
Return on assets11.9% · Top 25%
Net margin (12 months)5.8% · Above median
Operating margin (12 months)10.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.7% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Specialty Business Services 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). "Where Food Comes From Inc Fair Value". https://www.fairvalue-calculator.com/stock/WFCF
Frequently asked questions
Is Where Food Comes From Inc (WFCF) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $5.54 versus a price of $15.32, about 64% lower (overvalued).
What is the fair value of WFCF?
Our model-based fair value for Where Food Comes From Inc is $5.54 (as of Nov 6, 2026), built from audited fundamentals. The current price: $15.32.
What is the quality score of WFCF?
Where Food Comes From Inc has a Quality Score of 76/100. 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 Where Food Comes From Inc (WFCF)?
Our model-based price target is the fair value of $5.54 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario $3.70, optimistic scenario $8.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Where Food Comes From Inc stock forecast for 2026?
Our models put fair value at $5.54, about 64% lower versus a price of $15.32 (overvalued). Cautious scenario $3.70, optimistic scenario $8.18. The calculation is refreshed regularly with new filings.
What is the revenue of Where Food Comes From Inc (WFCF)?
Where Food Comes From Inc reported trailing-twelve-month revenue of about $25.0M (latest available figure, as of Nov 6, 2026).
What growth is priced into Where Food Comes From Inc (WFCF)?
For today's price to be fair in a discounted-cash-flow model, Where Food Comes From Inc would have to grow free cash flow by +32.0 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of WFCF use?
Our models discount Where Food Comes From Inc at 11.2 %: a base by market capitalisation (micro), damped by beta 0.14, 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 Where Food Comes From Inc that is +32.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Where Food Comes From Inc (WFCF) delivered so far?
Over the past 5 years revenue at Where Food Comes From Inc grew +4.4 % a year. The price currently implies free-cash-flow growth of +32.0 % 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 Where Food Comes From Inc (WFCF) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Where Food Comes From Inc (+32.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Where Food Comes From Inc (WFCF)?
The free-cash-flow yield on the price is 1.88 %: that much free cash flow Where Food Comes From Inc produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Where Food Comes From Inc (WFCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Where Food Comes From Inc it is $5.54 per share (as of Nov 6, 2026), against a price of $15.32. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Where Food Comes From Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, WFCF trades above its calculated fair value: price $15.32, fair value $5.54, a gap of about −64% (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 WFCF?
No. The price is what the market pays today ($15.32); the fair value is what the company's own numbers justify ($5.54). For Where Food Comes From Inc the two are $9.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Where Food Comes From Inc worth?
The market values Where Food Comes From Inc at about $77.1M (market capitalisation, as of Nov 6, 2026). Per share that is $15.32; our models calculate a fair value of $5.54 per share.
What do the bullish and bearish scenarios say about WFCF?
Our models span a range for Where Food Comes From Inc: cautious scenario $3.70, base $5.54, optimistic $8.18 per share (as of Nov 6, 2026, price $15.32). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WFCF?
Where Food Comes From Inc trades at a price-to-earnings ratio of 54.7 (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 $5.54 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings, FY2022 ex one-offs: 36.8. Other multiples: PEG 0.4, P/B 8.3, P/S 3.1, EV/EBITDA 35.0.
What is the PEG ratio of WFCF?
The PEG ratio of Where Food Comes From Inc is 0.44 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Where Food Comes From Inc (WFCF)?
Balance-sheet figures for Where Food Comes From Inc (as of Nov 6, 2026): return on equity 15.4%, debt of 0.06 per unit of equity. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is WFCF from its 52-week high?
Where Food Comes From Inc trades at $15.32, about 15% below its 52-week high of $18.13 and 66% above the low of $9.23 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $5.54 is for.
Which stocks are comparable to Where Food Comes From Inc?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 Where Food Comes From Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $15.32, calculated fair value $5.54 (−64%), Quality Score 76/100, 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 WFCF calculated?
We run Where Food Comes From Inc through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $5.54 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 13.3% above its aggregate fair value. Where Food Comes From 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 Where Food Comes From Inc (WFCF)?
The closing price on Nov 6, 2026 was $15.32. Our model-based fair value is $5.54, about 64% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Where Food Comes From Inc right now?
A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($8.18). The favourable scenario is already priced in. A fairly wide model range ($3.70 to $8.18) leaves room in how you read the outcome.
Where does the earnings growth of Where Food Comes From Inc (WFCF) come from?
Earnings per share at Where Food Comes From Inc grew +20.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.8 %, EBIT margin +3.8 %, tax rate +1.0 %, residual (interest, one-offs) +2.8 %. 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 Where Food Comes From Inc
How large is the market capitalisation of Where Food Comes From Inc (WFCF)?
The market capitalisation of Where Food Comes From Inc is $77.1M. 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 Where Food Comes From Inc (WFCF)?
The price-to-sales ratio of Where Food Comes From Inc is 3.08 (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 Where Food Comes From Inc (WFCF)?
Earnings per share at Where Food Comes From Inc are $0.2800 (price ÷ EPS = P/E 54.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Where Food Comes From Inc (WFCF)?
The net margin of Where Food Comes From Inc is 5.8% (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 Where Food Comes From Inc (WFCF)?
The return on equity (ROE) of Where Food Comes From Inc is 15.4% (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 Where Food Comes From Inc (WFCF)?
On an EBIT basis the return on assets of Where Food Comes From Inc is 13.3% (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 Where Food Comes From Inc (WFCF)?
The operating margin of Where Food Comes From Inc is 10.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Where Food Comes From Inc (WFCF)?
Revenue at Where Food Comes From Inc is growing +0.7% versus a year earlier (3y avg +0.1%). 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 Where Food Comes From Inc (WFCF)?
Earnings per share at Where Food Comes From Inc are growing −25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Where Food Comes From Inc (WFCF) hold?
Where Food Comes From Inc holds more cash than debt, $1.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 6, 2026