WSP Global Inc (WSP) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of WSP Global Inc stock C$208, price C$189, upside +10.0%, quality 57 out of 100. Rating: fairly valued. Calculated from audited financials with 24 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 6, 2026.
How to read this chart
60‑month range C$128.24 – C$289.46 · fair‑value band C$145.90 – C$270.96 · the C$189.48 price screens below the C$208.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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WSP Global Inc. operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally.
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The company advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.
It also provides engineering and consultancy services, such as decarbonization strategies, digital building design, building engineering design, and advisory, as well as project and construction management services.
In addition, the company works with and advises governments and private sector in earth sciences and environmental sustainability to conduct due diligence, permit approvals, regulatory compliance, waste/hazardous materials management, geotechnical and mining engineering, water resource management, environmental/social impact assessments, feasibility, and land remediation studies.
Further, it offers clients integrated solutions on all kinds of energy projects, including large-scale power plants, and smaller on-site power generation and efficiency programs; clean energy investment, such as renewables; high-voltage direct current energy transmission; lower-carbon solutions, such as nuclear; substation design; electrical studies; protection and controls; advanced distribution management systems; and storage and distribution from pre-feasibility studies and community engagement through operation and decommissioning.
Additionally, the company provides strategic advisory services comprising planning, technical, and strategic advisory; digital solutions; and sustainability services. WSP Global Inc. was formerly known as GENIVAR Inc. and changed its name to WSP Global Inc. in January 2014.
The company was founded in 1993 and is headquartered in Montreal, Canada.
Stock analysis
WSP Global Inc (WSP) currently trades at C$189.48, while our model-based Fair Value estimate is C$208.43, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of C$350.95 per share, and 15 of the 24 models we run sit above the C$189.48 price.
Bear case: the Dividend Discount group reads lowest at C$27.30, and 9 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$145.90 (bear) to C$270.96 (bull), the price of C$189.48 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 57/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
WSP Global Inc reported revenue of C$18.3B in FY2025 versus C$10.3B in FY2021, a compound +15.5%/yr. Reported net income was C$964M in FY2025, compounding +19.5%/yr from FY2021.
Key figures
Market cap C$25.6B (≈ $18.2B) Large · P/E ratio 24.7 · P/S ratio 1.32 · EPS (TTM) C$7.68 · Dividend yield 0.8% · Net margin 4.8% · Return on equity 9.9% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 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 30% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −27% fair-value upside, at 10%, WSP screens cheaper than that median.
Fair Value models
BearC$145.90Fair Value C$208.43BullC$270.96
Price C$189.48 · Upside +10.0%
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 (C$5.25 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.1%
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.
+15.3%
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.
+15.7%
Start year 2020 (pandemic). Over 10 years: +11.7% a year
Revenue growth 19 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.
+30.9%
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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.
+23.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.3%
Dividend (yield on the price)0.8%
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.22.1% vs 14.1%, 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.6% → 10%
2025 sits 67% 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).
−0.8%
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.
+3.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about −2.9% a year for the price and +0.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (90 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Scale benefits in engineering services support a moderate moat, yet thin public signals on differentiation and unexceptional margins limit standout quality.
Main risk: Serial acquisitions such as TRC have pushed net debt to EBITDA above the 1-2x target range to around 2.3x, which could constrain further acquisitions, raise refinancing costs or pressure margins if integration slows cash generation.
WSP is acquiring GCM Corpo to add roughly 600 professionals and deepen its reach in Canada's energy and industrial sectors. The deal fits the company's push into power infrastructure amid rising electricity demand from grids and data centers. Does this primarily speed up revenue growth in a high-potential area, or does it mainly stretch integration capacity across an expanding acquisition list?
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 · 787 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)9.9% · Above median
Return on assets4.6% · Above median
Net margin (12 months)4.8% · Above median
Operating margin (12 months)10.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.9% · Above median
Dividend yield (12 months)0.8% · Bottom 25%
Balance sheet
Debt / equity0.35× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)24.7× · Pricier than median
P/B2.60× · 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.
P/S (12 months)1.32× · Pricier than median
Price / free cash flow (fiscal year)13.7× · Pricier than median
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). "WSP Global Inc Fair Value". https://www.fairvalue-calculator.com/stock/WSP
Frequently asked questions
Is WSP Global Inc (WSP) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of C$208.43 versus a price of C$189.48, about +10% upside (fairly valued).
What is the fair value of WSP?
Our model-based fair value for WSP Global Inc is C$208.43 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$189.48.
What is the quality score of WSP?
WSP Global Inc has a Quality Score of 57/100. 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 WSP Global Inc (WSP)?
Our model-based price target is the fair value of C$208.43 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario C$145.90, optimistic scenario C$270.96. It is a calculation from audited fundamentals, not an analyst target.
What is the WSP Global Inc stock forecast for 2026?
Our models put fair value at C$208.43, about +10% upside versus a price of C$189.48 (fairly valued). Cautious scenario C$145.90, optimistic scenario C$270.96. The calculation is refreshed regularly with new filings.
What is the revenue of WSP Global Inc (WSP)?
WSP Global Inc reported trailing-twelve-month revenue of about C$19.3B (latest available figure, as of Nov 6, 2026).
Does WSP Global Inc pay a dividend?
WSP Global Inc currently shows a dividend yield of 0.79% relative to its recent price (as of Nov 6, 2026).
What growth is priced into WSP Global Inc (WSP)?
For today's price to be fair in a discounted-cash-flow model, WSP Global Inc would have to grow free cash flow by -0.8 % per year for five years (discount rate 7.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.7 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of WSP use?
Our models discount WSP Global Inc at 7.9 %: a base by market capitalisation (large), damped by beta 0.47, country premium for Canada. 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 WSP Global Inc that is -0.8 % per year a year over ten years, using the same discount rate (7.9 %) and the same formula as our fair value.
How much growth has WSP Global Inc (WSP) delivered so far?
Over the past 5 years revenue at WSP Global Inc grew +15.7 % a year. The price currently implies -0.8 % 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 WSP Global Inc (WSP) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into WSP Global Inc (-0.8 % 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 WSP Global Inc (WSP)?
The free-cash-flow yield on the price is 7.30 %: that much free cash flow WSP Global Inc produces per unit of market value. When it exceeds the discount rate of our models (7.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of WSP Global Inc (WSP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For WSP Global Inc it is C$208.43 per share (as of Nov 6, 2026), against a price of C$189.48. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is WSP Global Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, WSP trades below its calculated fair value: price C$189.48, fair value C$208.43, a gap of about +10% (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 WSP?
No. The price is what the market pays today (C$189.48); the fair value is what the company's own numbers justify (C$208.43). For WSP Global Inc the two are C$18.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is WSP Global Inc worth?
The market values WSP Global Inc at about C$25.6B (market capitalisation, as of Nov 6, 2026). Per share that is C$189.48; our models calculate a fair value of C$208.43 per share.
What do the bullish and bearish scenarios say about WSP?
Our models span a range for WSP Global Inc: cautious scenario C$145.90, base C$208.43, optimistic C$270.96 per share (as of Nov 6, 2026, price C$189.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WSP?
WSP Global Inc trades at a price-to-earnings ratio of 24.7 (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 C$208.43 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 38.0. Other multiples: PEG 16.4, P/B 2.6, P/S 1.3, EV/EBITDA 11.5.
What is the PEG ratio of WSP?
The PEG ratio of WSP Global Inc is 16.44 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of WSP Global Inc (WSP)?
Balance-sheet figures for WSP Global Inc (as of Nov 6, 2026): return on equity 9.9%, debt of 0.35 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is WSP from its 52-week high?
WSP Global Inc trades at C$189.48, about 30% below its 52-week high of C$271.13 and 18% above the low of C$160.60 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of C$208.43 is for.
Which stocks are comparable to WSP Global 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 WSP Global Inc stock attractive at the current price?
The data as of Nov 6, 2026: price C$189.48, calculated fair value C$208.43 (+10%), Quality Score 57/100, 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 WSP calculated?
We run WSP Global 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 C$208.43, 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. WSP Global Inc currently trades 9% below its own fair value, and the market average says nothing about that. 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 WSP Global Inc (WSP)?
The closing price on Nov 5, 2026 was C$189.48. Our model-based fair value is C$208.43, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with WSP Global 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 (C$145.90 to C$270.96) leaves room in how you read the outcome.
Where does the earnings growth of WSP Global Inc (WSP) come from?
Earnings per share at WSP Global Inc grew +14.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.8 %, EBIT margin +6.5 %, tax rate +0.1 %, residual (interest, one-offs) −1.6 %. 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 WSP Global Inc
How large is the market capitalisation of WSP Global Inc (WSP)?
The market capitalisation of WSP Global Inc is C$25.6B (≈ $18.2B). 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 WSP Global Inc (WSP)?
The price-to-sales ratio of WSP Global Inc is 1.32 (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 WSP Global Inc (WSP)?
Earnings per share at WSP Global Inc are C$7.68 (price ÷ EPS = P/E 24.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of WSP Global Inc (WSP)?
The dividend yield of WSP Global Inc is 0.8% (payout 19.5%). 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 WSP Global Inc (WSP)?
The net margin of WSP Global Inc is 4.8% (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 WSP Global Inc (WSP)?
The return on equity (ROE) of WSP Global Inc is 9.9% (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 WSP Global Inc (WSP)?
On an EBIT basis the return on assets of WSP Global Inc is 7.2% (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 WSP Global Inc (WSP)?
The operating margin of WSP Global Inc is 10.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at WSP Global Inc (WSP)?
Revenue at WSP Global Inc is growing +19.9% versus a year earlier (3y avg +15.3%). 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 WSP Global Inc (WSP)?
Earnings per share at WSP Global Inc are growing −15.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does WSP Global Inc (WSP) carry?
The net debt of WSP Global Inc is C$4.3B (fiscal year 2025, ≈ 2.3 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 6, 2026