Westwood Holdings Group Inc (WHG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Westwood Holdings Group Inc stock $9.80, price $18.63, that is 47.4% below the price, quality 66 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 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 8, 2026.
How to read this chart
60‑month range $7.93 – $20.18 · fair‑value band $9.67 – $12.05 · the $18.63 price screens above the $9.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Westwood Holdings Group, Inc., through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust.
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The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.
The Trust segment offers trust and custodial services; and participates in common trust funds that it sponsors to institutions and high net worth individuals. Westwood Holdings Group, Inc. was founded in 1983 and is based in Dallas, Texas.
Stock analysis
Westwood Holdings Group Inc (WHG) currently trades at $18.63, while our model-based Fair Value estimate is $9.80, 47% 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 $25.05 per share, and 4 of the 13 models we run sit above the $18.63 price.
Bear case: the Asset-Based group reads lowest at $2.91, and 9 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: $9.67 (bear) to $12.05 (bull), the price of $18.63 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 66/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Westwood Holdings Group Inc reported revenue of $97.8M in FY2025 versus $73.1M in FY2021, a compound +7.6%/yr. Reported net income was $7.1M in FY2025, compounding −7.7%/yr from FY2021.
Key figures
Market cap $169M Micro · P/E ratio 23.6 · P/S ratio 1.63 · EPS (TTM) $0.7900 · Dividend yield 3.2% · Net margin 7.0% · Return on equity 5.7% · Return on assets (EBIT) 1.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (medium confidence).
What moves the price
The share trades about 8% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −47%, WHG screens richer than that median.
Fair Value models
Bear$9.67Fair Value $9.80Bull$12.05
Price $18.63 · Downside -47.4%
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 ($0.1629 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.
SaleSusan M ByrneDirector Emerita20× since Apr 1, 2026: 75,000 shares, avg. $17.76$1.3MJul 2, 2026
SaleBrian O CaseyCEO, Director7× since Nov 10, 2025: 32,510 shares, avg. $16.35$531,463Feb 23, 2026
SaleFabian GomezPresident6,223 shares at $16.22$100,937Feb 23, 2026
SaleMurray Forbes IIIChief Financial Officer2,859 shares at $16.22$46,373Feb 23, 2026
SaleMatthew LockridgeHead, U.S. Value Inv.5,379 shares at $16.22$87,247Feb 23, 2026
SaleAdrian HelfertCIO, Multi-Asset Inv.10,772 shares at $16.22$174,722Feb 23, 2026
SaleDavid O LintonHead of Distribution2,654 shares at $16.22$43,048Feb 23, 2026
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3.2%
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.
+12.5%
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: −2.9% a year
Revenue growth 25 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.
+7.5%
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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.
−17.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−21.0%
Dividend (yield on the price)3.2%
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.−3.8% vs −13.3%, 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.−5% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.5%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−6.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −9.0% a year for the price.
Compare Westwood Holdings Group Inc with another stock
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.Asset Management · 587 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score66 · Above median
Fair Value upside−47.4% · Bottom 25%
Profitability
Return on equity (12 months)5.7% · Below median
Return on assets4.4% · Above median
Net margin (12 months)7.0% · Bottom 25%
Operating margin (12 months)5.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)9.4% · Above median
Dividend yield (12 months)3.2% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)23.6× · Priciest 25%
P/B1.35× · Pricier than median
P/S (12 months)1.63× · Cheapest 25%
Price / free cash flow (fiscal year)9.5× · Cheaper than median
EV/EBITDA19.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 57
FUTURE (revenue growth)47· sector 38
PAST (return on equity)23· sector 29
HEALTH (low debt)100· sector 96
DIVIDEND (yield)64· sector 80
VALUE 0: the price sits above our fair-value range.
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). "Westwood Holdings Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/WHG
Frequently asked questions
Is Westwood Holdings Group Inc (WHG) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $9.80 versus a price of $18.63, about 47% lower (overvalued).
What is the fair value of WHG?
Our model-based fair value for Westwood Holdings Group Inc is $9.80 (as of Nov 8, 2026), built from audited fundamentals. The current price: $18.63.
What is the quality score of WHG?
Westwood Holdings Group Inc has a Quality Score of 66/100. 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 Westwood Holdings Group Inc (WHG)?
Our model-based price target is the fair value of $9.80 (as of Nov 8, 2026) from 13 valuation models. Cautious scenario $9.67, optimistic scenario $12.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Westwood Holdings Group Inc stock forecast for 2026?
Our models put fair value at $9.80, about 47% lower versus a price of $18.63 (overvalued). Cautious scenario $9.67, optimistic scenario $12.05. The calculation is refreshed regularly with new filings.
What is the revenue of Westwood Holdings Group Inc (WHG)?
Westwood Holdings Group Inc reported trailing-twelve-month revenue of about $104M (latest available figure, as of Nov 8, 2026).
Does Westwood Holdings Group Inc pay a dividend?
Westwood Holdings Group Inc currently shows a dividend yield of 3.22% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Westwood Holdings Group Inc (WHG) and when is the ex-dividend date?
Westwood Holdings Group Inc pays a dividend of $0.6 per share a year, a dividend yield of 3.2%. The last ex-dividend date was Sep 1, 2026. A dividend has been paid every year since at least 2002. The payout ratio is 105% of earnings (on adjusted earnings, reported 75.9%). Free cash flow covers the dividend 3.12 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Westwood Holdings Group Inc (WHG)?
For today's price to be fair in a discounted-cash-flow model, Westwood Holdings Group Inc would have to grow free cash flow by -6.9 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of WHG use?
Our models discount Westwood Holdings Group Inc at 11.4 %: a base by market capitalisation (micro), damped by beta 0.58, 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 Westwood Holdings Group Inc that is -6.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Westwood Holdings Group Inc (WHG) delivered so far?
Over the past 5 years revenue at Westwood Holdings Group Inc grew +8.5 % a year. The price currently implies free-cash-flow growth of -6.9 % 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 Westwood Holdings Group Inc (WHG) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Westwood Holdings Group Inc (-6.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Westwood Holdings Group Inc (WHG)?
The free-cash-flow yield on the price is 10.57 %: that much free cash flow Westwood Holdings Group Inc produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Westwood Holdings Group Inc (WHG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Westwood Holdings Group Inc it is $9.80 per share (as of Nov 8, 2026), against a price of $18.63. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Westwood Holdings Group Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, WHG trades above its calculated fair value: price $18.63, fair value $9.80, a gap of about −47% (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 WHG?
No. The price is what the market pays today ($18.63); the fair value is what the company's own numbers justify ($9.80). For Westwood Holdings Group Inc the two are $8.83 per share apart. That gap is exactly why we show both numbers side by side.
How much is Westwood Holdings Group Inc worth?
The market values Westwood Holdings Group Inc at about $169M (market capitalisation, as of Nov 8, 2026). Per share that is $18.63; our models calculate a fair value of $9.80 per share.
What do the bullish and bearish scenarios say about WHG?
Our models span a range for Westwood Holdings Group Inc: cautious scenario $9.67, base $9.80, optimistic $12.05 per share (as of Nov 8, 2026, price $18.63). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WHG?
Westwood Holdings Group Inc trades at a price-to-earnings ratio of 23.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $9.80 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 32.1 (reported for FY2025: 23.3). Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 21.6. Other multiples: P/B 1.4, P/S 1.6, EV/EBITDA 19.2.
How solid is the balance sheet of Westwood Holdings Group Inc (WHG)?
Balance-sheet figures for Westwood Holdings Group Inc (as of Nov 8, 2026): return on equity 5.7%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is WHG from its 52-week high?
Westwood Holdings Group Inc trades at $18.63, about 8% below its 52-week high of $20.18 and 28% above the low of $14.51 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $9.80 is for.
Which stocks are comparable to Westwood Holdings Group Inc?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, 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 Westwood Holdings Group Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $18.63, calculated fair value $9.80 (−47%), Quality Score 66/100, from 13 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 WHG calculated?
We run Westwood Holdings Group Inc through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $9.80 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. Westwood Holdings Group 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 Westwood Holdings Group Inc (WHG)?
The closing price on Nov 6, 2026 was $18.63. Our model-based fair value is $9.80, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Westwood Holdings Group Inc right now?
The price sits above even our optimistic bull case ($12.05). The favourable scenario is already priced in. Solid but not exceptional quality (66/100) 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 Westwood Holdings Group Inc (WHG) come from?
Earnings per share at Westwood Holdings Group Inc grew −14.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.4 %, EBIT margin −18.9 %, tax rate +1.3 %, residual (interest, one-offs) +7.9 %. 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 Westwood Holdings Group Inc
How large is the market capitalisation of Westwood Holdings Group Inc (WHG)?
The market capitalisation of Westwood Holdings Group Inc is $169M. 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 Westwood Holdings Group Inc (WHG)?
The price-to-sales ratio of Westwood Holdings Group Inc is 1.63 (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 Westwood Holdings Group Inc (WHG)?
Earnings per share at Westwood Holdings Group Inc are $0.7900 (price ÷ EPS = P/E 23.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Westwood Holdings Group Inc (WHG)?
The dividend yield of Westwood Holdings Group Inc is 3.2% (payout 105%, on adjusted earnings, reported 75.9%). 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 Westwood Holdings Group Inc (WHG)?
The net margin of Westwood Holdings Group Inc is 7.0% (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 Westwood Holdings Group Inc (WHG)?
The return on equity (ROE) of Westwood Holdings Group Inc is 5.7% (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 Westwood Holdings Group Inc (WHG)?
On an EBIT basis the return on assets of Westwood Holdings Group Inc is 1.9% (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 Westwood Holdings Group Inc (WHG)?
The operating margin of Westwood Holdings Group Inc is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Westwood Holdings Group Inc (WHG)?
Revenue at Westwood Holdings Group Inc is growing +9.4% versus a year earlier (3y avg +12.5%). 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 Westwood Holdings Group Inc (WHG)?
Earnings per share at Westwood Holdings Group Inc are growing −17.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Westwood Holdings Group Inc (WHG) hold?
Westwood Holdings Group Inc holds more cash than debt, $16.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026