Mayville Engineering Co Inc (MEC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Mayville Engineering Co Inc stock $9.21, price $13.12, that is 29.8% below the price, quality 31 out of 100. Rating: overvalued. Calculated from audited financials with 10 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 $6.01 – $37.54 · fair‑value band $4.68 – $14.91 · the $13.12 price screens above the $9.21 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States.
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It supplies engineered components to original equipment manufacturers. The company serves heavy and medium duty commercial vehicles, construction and access equipment, powersports, data center and critical power, agriculture, military, and other end markets.
Mayville Engineering Company, Inc. was founded in 1945 and is headquartered in Milwaukee, Wisconsin.
Stock analysis
Mayville Engineering Co Inc (MEC) currently trades at $13.12, while our model-based Fair Value estimate is $9.21, 30% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $12.99 per share, and 1 of the 9 models we run sit above the $13.12 price.
Bear case: the DCF Models group reads lowest at $5.42, and 8 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: $4.68 (bear) to $14.91 (bull), the price of $13.12 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 31/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mayville Engineering Co Inc reported revenue of $546M in FY2025 versus $455M in FY2021, a compound +4.7%/yr. Reported net income was −$8.1M in FY2025.
Key figures
Market cap $333M Small · P/S ratio 0.54 · EPS (TTM) $−0.5300 · Net margin −2.3% · Return on equity −5.0% · Return on assets (EBIT) 3.5% (5-year average) · Operating margin 2.7% · Revenue (TTM) $612M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).
What moves the price
The share trades about 65% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −30%, MEC screens cheaper than that median.
Fair Value models
Bear$4.68Fair Value $9.21Bull$14.91
Price $13.12 · Downside -29.8%
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.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.
Best data coverage
FCF DCF$2.60$5.42$8.5878
Growth DCF$2.75$5.34$8.1277
Owner Earningsn/an/a$1.2873
All 10 models by family
DCF Models
FCF DCF$2.60$5.42$8.5878
Owner Earningsn/an/a$1.2873
5Y Revenue Exit$1.76$5.70$10.4368
5Y EBITDA Exit$1.90$5.95$10.3471
10Y Revenue Exit$1.86$5.05$8.7763
10Y EBITDA Exit$2.14$5.20$8.7265
Multiples
EV/EBITDA$9.66$13.19$16.7267
EV/Revenue$8.66$12.78$16.8953
Growth DCF
Growth DCF$2.75$5.34$8.1277
Rev-Margin DCF$1.76$5.90$10.2868
The fair value above starts from this blend and is adjusted for a cyclical trough year.
In the last 6 months, 4 officers or directors sold shares worth $2.1M and none bought.
SaleSean P LeubaSVP, GC & Secretary2× since Mar 5, 2026: 22,053 shares, avg. $22.82$503,196Aug 6, 2026
SaleJagadeesh A ReddyPresident & CEO, Director4× since May 7, 2026: 56,078 shares, avg. $29.95$1.7MJun 11, 202610b5-1 plan
SaleRyan F RaberEVP - Strategy, Sales & Mktg2× since Nov 25, 2025: 35,000 shares, avg. $22.01$770,200May 26, 2026
SaleCraig D NicholsSVP, Operations & Supply Chain4,000 shares at $23.24$92,960May 21, 2026
SaleSteven L FisherDirector10,000 shares at $19.11$191,100Dec 11, 2025
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.44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−6.0%
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.
+0.4%
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.
+8.9%
Start year 2020 (pandemic)
Revenue growth 8 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.
+7.2%
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Profit margin (trend) ⓘ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.
−1.8% (2020) → −0.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what 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).
+15.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.7%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +12.5% a year for the price and +10.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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.
Compare Mayville Engineering Co 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.Metal Fabrication · 259 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−29.8% · Above median
Profitability
Return on assets−1.4% · Bottom 25%
Net margin (12 months)−2.3% · Bottom 25%
Operating margin (12 months)2.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)18.1% · Above median
Balance sheet
Debt / equity0.84× · Highest 25%
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/B1.38× · 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)0.54× · Cheapest 25%
Price / free cash flow (fiscal year)12.4× · Cheaper than median
EV/EBITDA13.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)91· sector 69
PAST (return on equity)0· sector 24
HEALTH (low debt)58· sector 95
DIVIDEND (yield)0· sector 25
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). "Mayville Engineering Co Inc Fair Value". https://www.fairvalue-calculator.com/stock/MEC
Frequently asked questions
Is Mayville Engineering Co Inc (MEC) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $9.21 versus a price of $13.12, about 30% lower (overvalued).
What is the fair value of MEC?
Our model-based fair value for Mayville Engineering Co Inc is $9.21 (as of Nov 6, 2026), built from audited fundamentals. The current price: $13.12.
What is the quality score of MEC?
Mayville Engineering Co Inc has a Quality Score of 31/100. 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 Mayville Engineering Co Inc (MEC)?
Our model-based price target is the fair value of $9.21 (as of Nov 6, 2026) from 10 valuation models. Cautious scenario $4.68, optimistic scenario $14.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Mayville Engineering Co Inc stock forecast for 2026?
Our models put fair value at $9.21, about 30% lower versus a price of $13.12 (overvalued). Cautious scenario $4.68, optimistic scenario $14.91. The calculation is refreshed regularly with new filings.
What is the revenue of Mayville Engineering Co Inc (MEC)?
Mayville Engineering Co Inc reported trailing-twelve-month revenue of about $612M (latest available figure, as of Nov 6, 2026).
What growth is priced into Mayville Engineering Co Inc (MEC)?
For today's price to be fair in a discounted-cash-flow model, Mayville Engineering Co Inc would have to grow free cash flow by +15.2 % per year for five years (discount rate 12.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.9 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of MEC use?
Our models discount Mayville Engineering Co Inc at 12.6 %: a base by market capitalisation (small), damped by beta 1.49, 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 Mayville Engineering Co Inc that is +15.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.6 %) and the same formula as our fair value.
How much growth has Mayville Engineering Co Inc (MEC) delivered so far?
Over the past 5 years revenue at Mayville Engineering Co Inc grew +8.9 % a year. The price currently implies free-cash-flow growth of +15.2 % 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 Mayville Engineering Co Inc (MEC) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Mayville Engineering Co Inc (+15.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mayville Engineering Co Inc (MEC)?
The free-cash-flow yield on the price is 9.01 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Mayville Engineering Co Inc produces per unit of market value. When it exceeds the discount rate of our models (12.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mayville Engineering Co Inc (MEC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mayville Engineering Co Inc it is $9.21 per share (as of Nov 6, 2026), against a price of $13.12. It is the blended result of 10 valuation models in 3 families (DCF Models, Multiples, Growth DCF).
Is Mayville Engineering Co Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, MEC trades above its calculated fair value: price $13.12, fair value $9.21, a gap of about −30% (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 MEC?
No. The price is what the market pays today ($13.12); the fair value is what the company's own numbers justify ($9.21). For Mayville Engineering Co Inc the two are $3.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mayville Engineering Co Inc worth?
The market values Mayville Engineering Co Inc at about $333M (market capitalisation, as of Nov 6, 2026). Per share that is $13.12; our models calculate a fair value of $9.21 per share.
What do the bullish and bearish scenarios say about MEC?
Our models span a range for Mayville Engineering Co Inc: cautious scenario $4.68, base $9.21, optimistic $14.91 per share (as of Nov 6, 2026, price $13.12). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mayville Engineering Co Inc (MEC)?
Balance-sheet figures for Mayville Engineering Co Inc (as of Nov 6, 2026): return on equity −5.0%, debt of 0.84 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is MEC from its 52-week high?
Mayville Engineering Co Inc trades at $13.12, about 65% below its 52-week high of $37.54 and 3% above the low of $12.71 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $9.21 is for.
Which stocks are comparable to Mayville Engineering Co Inc?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 Mayville Engineering Co Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $13.12, calculated fair value $9.21 (−30%), Quality Score 31/100, from 10 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 MEC calculated?
We run Mayville Engineering Co Inc through 10 models from 3 families: DCF Models, Multiples, Growth DCF. Every model gets the same audited fundamentals; the fair value of $9.21 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 13.0% above its aggregate fair value. Mayville Engineering Co 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 Mayville Engineering Co Inc (MEC)?
The closing price on Nov 6, 2026 was $13.12. Our model-based fair value is $9.21, about 30% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mayville Engineering Co Inc right now?
Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($4.68 to $14.91). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Mayville Engineering Co Inc
How large is the market capitalisation of Mayville Engineering Co Inc (MEC)?
The market capitalisation of Mayville Engineering Co Inc is $333M. 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 Mayville Engineering Co Inc (MEC)?
The price-to-sales ratio of Mayville Engineering Co Inc is 0.54 (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 Mayville Engineering Co Inc (MEC)?
Earnings per share at Mayville Engineering Co Inc are $−0.5300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mayville Engineering Co Inc (MEC)?
The net margin of Mayville Engineering Co Inc is −2.3% (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 Mayville Engineering Co Inc (MEC)?
The return on equity (ROE) of Mayville Engineering Co Inc is −5.0% (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 Mayville Engineering Co Inc (MEC)?
On an EBIT basis the return on assets of Mayville Engineering Co Inc is 3.5% (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 Mayville Engineering Co Inc (MEC)?
The operating margin of Mayville Engineering Co Inc is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mayville Engineering Co Inc (MEC)?
Revenue at Mayville Engineering Co Inc is growing +18.1% versus a year earlier (3y avg +0.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Mayville Engineering Co Inc (MEC) carry?
The net debt of Mayville Engineering Co Inc is $24.1M (fiscal year 2025, ≈ 0.9 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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Thin data
Nov 6, 2026