Wartsila Oyj Abp (WRT1V) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Wartsila Oyj Abp stock €22.29, price €24.94, that is 10.6% below the price, quality 71 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 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 4, 2026.
How to read this chart
60‑month range €6.00 – €39.23 · fair‑value band €16.72 – €27.86 · the €24.94 price screens above the €22.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide.
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It offers energy storage; engine and hybrid power plants; and data centre power solutions, as well as lifecycle solutions, lifecycle upgrades, spare parts and field services, and decarbonisation solutions.
It also provides engine power plant products, such as gas, multi-fuel, and diesel engines; Quantum BESS portfolio, a battery energy storage system (BESS) solutions; GEMS Digital Energy Platform, a software platform that monitors, controls, and optimizes energy assets on site and portfolio levels.
In addition, the company offers power and propulsion products, such as electric shipping and hybrid ships, engine and generating sets, propulsors and gears, and shaft line solutions; liquid and gas handling products, including ballast water management, freshwater generation, waste and wastewater treatment, gas solutions, and exhaust treatment equipment; port and fleet optimization; simulation and training solutions; and marine navigation solutions.
Further, it provides spare parts, technical support, maintenance and repair, lifecycle upgrades, lifecycle agreements, training, and cyber services; and decarbonization solutions for existing fleets and newbuild vessels. The company was founded in 1834 and is headquartered in Helsinki, Finland.
Stock analysis
Wartsila Oyj Abp (WRT1V) currently trades at €24.94, while our model-based Fair Value estimate is €22.29, 11% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €30.86 per share, and 12 of the 25 models we run sit above the €24.94 price.
Bear case: the Dividend Discount group reads lowest at €5.45, and 13 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: €16.72 (bear) to €27.86 (bull), the price of €24.94 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 71/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Wartsila Oyj Abp reported revenue of €6.9B in FY2025 versus €4.8B in FY2021, a compound +9.7%/yr. Reported net income was €626M in FY2025, compounding +34.0%/yr from FY2021.
Key figures
Market cap €14.7B Large · P/E ratio 20.8 · P/S ratio 2.16 · EPS (TTM) €1.20 · Dividend yield 3.2% · Net margin 8.8% · Return on equity 24.2% · Return on assets (EBIT) 5.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −11%, WRT1V screens cheaper than that median.
Fair Value models
Bear€16.72Fair Value €22.29Bull€27.86
Price €24.94 · Downside -10.6%
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 (€0.3482 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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.2%
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.
+5.8%
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.
+8.5%
Start year 2020 (pandemic). Over 10 years: +3.2% 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.
+3.8%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+39.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.7%
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.26.3% vs 5.9%, 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% → 12%
2025 sits 64% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−5.4%
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.
+3.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −7.5% a year for the price and +1.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The main strength is flexible power solutions capturing growth in data centers and marine decarbonization, while the main weak point remains limited evidence of durable advantages together with thin qualitative signals.
Main risk: Supply chain and competitive pressures could limit lasting margin gains from the higher production volumes in engines for data centers and marine use.
Wärtsilä is expanding its engine production capacity by a further 30 percent after an earlier increase, driven by rising demand in data centers and marine decarbonization. The move shows how its flexible power solutions are capturing growth from AI and energy transition needs. Our models currently see the stock as overvalued. Will the higher volumes deliver lasting margin gains, or will supply chain and competitive pressures limit the benefits?
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.Specialty Industrial Machinery · 808 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside−10.6% · Above median
Profitability
Return on equity (12 months)24.2% · Top 25%
Return on assets7.4% · Top 25%
Net margin (12 months)8.8% · Above median
Operating margin (12 months)13.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)−6.3% · Bottom 25%
Dividend yield (12 months)3.2% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Is Wartsila Oyj Abp (WRT1V) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of €22.29 versus a price of €24.94, about 11% lower (overvalued).
What is the fair value of WRT1V?
Our model-based fair value for Wartsila Oyj Abp is €22.29 (as of Nov 4, 2026), built from audited fundamentals. The current price: €24.94.
What is the quality score of WRT1V?
Wartsila Oyj Abp has a Quality Score of 71/100. 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 Wartsila Oyj Abp (WRT1V)?
Our model-based price target is the fair value of €22.29 (as of Nov 4, 2026) from 25 valuation models. Cautious scenario €16.72, optimistic scenario €27.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Wartsila Oyj Abp stock forecast for 2026?
Our models put fair value at €22.29, about 11% lower versus a price of €24.94 (overvalued). Cautious scenario €16.72, optimistic scenario €27.86. The calculation is refreshed regularly with new filings.
What is the revenue of Wartsila Oyj Abp (WRT1V)?
Wartsila Oyj Abp reported trailing-twelve-month revenue of about €6.8B (latest available figure, as of Nov 4, 2026).
Does Wartsila Oyj Abp pay a dividend?
Wartsila Oyj Abp currently shows a dividend yield of 3.17% relative to its recent price (as of Nov 4, 2026).
What growth is priced into Wartsila Oyj Abp (WRT1V)?
For today's price to be fair in a discounted-cash-flow model, Wartsila Oyj Abp would have to grow free cash flow by -5.4 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.5 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of WRT1V use?
Our models discount Wartsila Oyj Abp at 9.8 %: a base by market capitalisation (large), damped by beta 1.20, country premium for Finland. 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 Wartsila Oyj Abp that is -5.4 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Wartsila Oyj Abp (WRT1V) delivered so far?
Over the past 5 years revenue at Wartsila Oyj Abp grew +8.5 % a year. The price currently implies -5.4 % 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 Wartsila Oyj Abp (WRT1V) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Wartsila Oyj Abp (-5.4 % 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 Wartsila Oyj Abp (WRT1V)?
The free-cash-flow yield on the price is 9.83 %: that much free cash flow Wartsila Oyj Abp produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wartsila Oyj Abp (WRT1V)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wartsila Oyj Abp it is €22.29 per share (as of Nov 4, 2026), against a price of €24.94. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Wartsila Oyj Abp stock overvalued or undervalued in 2026?
As of Nov 4, 2026, WRT1V trades above its calculated fair value: price €24.94, fair value €22.29, a gap of about −11% (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 WRT1V?
No. The price is what the market pays today (€24.94); the fair value is what the company's own numbers justify (€22.29). For Wartsila Oyj Abp the two are €2.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wartsila Oyj Abp worth?
The market values Wartsila Oyj Abp at about €14.7B (market capitalisation, as of Nov 4, 2026). Per share that is €24.94; our models calculate a fair value of €22.29 per share.
What do the bullish and bearish scenarios say about WRT1V?
Our models span a range for Wartsila Oyj Abp: cautious scenario €16.72, base €22.29, optimistic €27.86 per share (as of Nov 4, 2026, price €24.94). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WRT1V?
Wartsila Oyj Abp trades at a price-to-earnings ratio of 20.8 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €22.29 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2018 to 2025), reported earnings, FY2025 ex one-offs: 28.3. Other multiples: PEG 1.8, P/B 5.1, P/S 2.2, EV/EBITDA 13.9.
What is the PEG ratio of WRT1V?
The PEG ratio of Wartsila Oyj Abp is 1.79 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Wartsila Oyj Abp (WRT1V)?
Balance-sheet figures for Wartsila Oyj Abp (as of Nov 4, 2026): return on equity 24.2%, debt of 0.11 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is WRT1V from its 52-week high?
Wartsila Oyj Abp trades at €24.94, about 36% below its 52-week high of €39.23 and at the low of €24.94 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €22.29 is for.
Which stocks are comparable to Wartsila Oyj Abp?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 Wartsila Oyj Abp stock attractive at the current price?
The data as of Nov 4, 2026: price €24.94, calculated fair value €22.29 (−11%), Quality Score 71/100, from 25 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 WRT1V calculated?
We run Wartsila Oyj Abp through 25 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 €22.29, 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. Wartsila Oyj Abp 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 Wartsila Oyj Abp (WRT1V)?
The closing price on Nov 5, 2026 was €24.94. Our model-based fair value is €22.29, about 11% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wartsila Oyj Abp right now?
The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Wartsila Oyj Abp (WRT1V) come from?
Earnings per share at Wartsila Oyj Abp grew +2.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.2 %, EBIT margin −1.2 %, tax rate −0.3 %, residual (interest, one-offs) +0.5 %. 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 Wartsila Oyj Abp
How large is the market capitalisation of Wartsila Oyj Abp (WRT1V)?
The market capitalisation of Wartsila Oyj Abp is €14.7B. 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 Wartsila Oyj Abp (WRT1V)?
The price-to-sales ratio of Wartsila Oyj Abp is 2.16 (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 Wartsila Oyj Abp (WRT1V)?
Earnings per share at Wartsila Oyj Abp are €1.20 (price ÷ EPS = P/E 20.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wartsila Oyj Abp (WRT1V)?
The dividend yield of Wartsila Oyj Abp is 3.2% (payout 65.8%). 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 Wartsila Oyj Abp (WRT1V)?
The net margin of Wartsila Oyj Abp is 8.8% (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 Wartsila Oyj Abp (WRT1V)?
The return on equity (ROE) of Wartsila Oyj Abp is 24.2% (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 Wartsila Oyj Abp (WRT1V)?
On an EBIT basis the return on assets of Wartsila Oyj Abp is 5.9% (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 Wartsila Oyj Abp (WRT1V)?
The operating margin of Wartsila Oyj Abp is 13.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wartsila Oyj Abp (WRT1V)?
Revenue at Wartsila Oyj Abp is growing −6.3% versus a year earlier (3y avg +5.8%). 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 Wartsila Oyj Abp (WRT1V)?
Earnings per share at Wartsila Oyj Abp are growing −31.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Wartsila Oyj Abp (WRT1V) hold?
Wartsila Oyj Abp holds more cash than debt, €1.8B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 4, 2026