SOLV Energy, Inc. Class A (MWH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SOLV Energy, Inc. Class A stock $13.27, price $25.64, that is 48.2% below the price, quality 79 out of 100. Rating: strongly overvalued. Calculated from audited financials with 21 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 2, 2026.
How to read this chart
9‑month range $21.38 – $46.77 · fair‑value band $9.95 – $16.58 · the $25.64 price screens above the $13.27 fair value. As of Nov 2, 2026.
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SOLV Energy, Inc. provides infrastructure services to the power industry in the United States. It offers engineering, procurement, construction, testing, commissioning, operations, maintenance, and repowering services.
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The company engages in designing, building, and maintaining utility-scale solar and battery storage projects, and related transmission and distribution infrastructure. It also provides operations and maintenance services.
The company serves project developers, independent power producers, and utilities. SOLV Energy, Inc. was founded in 2008 and is headquartered in San Diego, California.
Stock analysis
SOLV Energy, Inc. Class A (MWH) currently trades at $25.64, while our model-based Fair Value estimate is $13.27, 48% 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 $20.47 per share, and 0 of the 21 models we run sit above the $25.64 price.
Bear case: the Economic Profit group reads lowest at $7.08, and 21 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $9.95 (bear) to $16.58 (bull), the price of $25.64 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 79/100 (high quality), in the Utilities sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SOLV Energy, Inc. Class A Common Stock reported revenue of $2.5B in FY2025 versus $2.3B in FY2022, a compound +2.4%/yr. Reported net income was $149M in FY2025.
Key figures
Market cap $5.2B Mid · P/E ratio 49.5 · P/S ratio 0.91 · EPS (TTM) $0.4700 · Net margin 3.8% · Return on equity 35.3% · Return on assets (EBIT) 3.9% (3-year average) · Operating margin 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
For context, the median of 10 Utilities peers we cover trades at −52% fair-value upside, at −48%, MWH screens cheaper than that median.
Fair Value models
Bear$9.95Fair Value $13.27Bull$16.58
Price $25.64 · Downside -48.2%
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 ($0.4018 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.
SaleASP VIII SOLV Holdings LP10% owner7,939,153 shares at ?Aug 19, 2026
SaleAMERICAN SECURITIES LLC10% owner4× since Jun 1, 2026: 24,490,733 shares, avg. ?Aug 19, 2026
SaleSOLV Energy Management Holdings LP10% owner1,329,803 shares at ?Aug 19, 2026
SaleASP Endeavor Investco LP10% owner1,154,760 shares at ?Jun 4, 2026
Plus 9 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
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.68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+34.8%
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.
+2.4%
’22
’23
’24
’25
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.
−3.5% (2022) → 7.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes more 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).
+6.4%
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.
+20.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +3.9% a year for the price and +17.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (33 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: High ROE stands out as the main strength in this renewable utilities business, while thin evidence and sector regulation remain the key limitations to assessing durability.
Main risk: Continued dominance of construction activity would sustain cyclical revenue patterns and constrain margin improvement in the dual business model.
SOLV Energy constructs large renewable power plants and holds contracts to operate and maintain more than twenty gigawatts of capacity across many sites. This dual model pairs project-based revenue with steadier service income. Will the operations side grow quickly enough to raise overall margins and reduce cyclicality or will construction activity continue to set the pace?
Compare SOLV Energy, Inc. Class A Common Stock 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.Utilities - Renewable · 197 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside−48.2% · Below median
Profitability
Return on equity (12 months)35.3% · Top 25%
Return on assets8.2% · Top 25%
Net margin (12 months)3.8% · Below median
Operating margin (12 months)8.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)77.5% · Top 25%
Balance sheet
Debt / equity0.91× · Above median
Valuation Multiplesvs Utilities - Renewable median · lower = cheaper
P/E (12 months)49.5× · Priciest 25%
P/B11.48× · 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)1.64× · Cheaper than median
Price / free cash flow (fiscal year)16.7× · Pricier than median
EV/EBITDA16.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 17
FUTURE (revenue growth)100· sector 14
PAST (return on equity)100· sector 12
HEALTH (low debt)54· sector 71
DIVIDEND (yield)0· sector 48
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). "SOLV Energy, Inc. Class A Common Stock Fair Value". https://www.fairvalue-calculator.com/stock/MWH
Frequently asked questions
Is SOLV Energy, Inc. Class A (MWH) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of $13.27 versus a price of $25.64, about 48% lower (overvalued).
What is the fair value of MWH?
Our model-based fair value for SOLV Energy, Inc. Class A is $13.27 (as of Nov 2, 2026), built from audited fundamentals. The current price: $25.64.
What is the quality score of MWH?
SOLV Energy, Inc. Class A has a Quality Score of 79/100. 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 SOLV Energy, Inc. Class A (MWH)?
Our model-based price target is the fair value of $13.27 (as of Nov 2, 2026) from 21 valuation models. Cautious scenario $9.95, optimistic scenario $16.58. It is a calculation from audited fundamentals, not an analyst target.
What is the SOLV Energy, Inc. Class A Common Stock stock forecast for 2026?
Our models put fair value at $13.27, about 48% lower versus a price of $25.64 (overvalued). Cautious scenario $9.95, optimistic scenario $16.58. The calculation is refreshed regularly with new filings.
What is the revenue of SOLV Energy, Inc. Class A (MWH)?
SOLV Energy, Inc. Class A reported trailing-twelve-month revenue of about $3.2B (latest available figure, as of Nov 2, 2026).
Does SOLV Energy, Inc. Class A Common Stock pay a dividend?
SOLV Energy, Inc. Class A does not currently pay a dividend.
What growth is priced into SOLV Energy, Inc. Class A (MWH)?
For today's price to be fair in a discounted-cash-flow model, SOLV Energy, Inc. Class A would have to grow free cash flow by +6.4 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +2.4 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of MWH use?
Our models discount SOLV Energy, Inc. Class A at 9.7 %: a base by market capitalisation (mid), 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 SOLV Energy, Inc. Class A that is +6.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has SOLV Energy, Inc. Class A (MWH) delivered so far?
Over the past 3 years revenue at SOLV Energy, Inc. Class A grew +2.4 % a year. The price currently implies free-cash-flow growth of +6.4 % 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 SOLV Energy, Inc. Class A (MWH) growing?
The median revenue growth in the sector is +4.5 % a year. That is the yardstick for the growth priced into SOLV Energy, Inc. Class A (+6.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SOLV Energy, Inc. Class A (MWH)?
The free-cash-flow yield on the price is 5.98 %: that much free cash flow SOLV Energy, Inc. Class A produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SOLV Energy, Inc. Class A (MWH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SOLV Energy, Inc. Class A it is $13.27 per share (as of Nov 2, 2026), against a price of $25.64. It is the blended result of 21 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is SOLV Energy, Inc. Class A Common Stock stock overvalued or undervalued in 2026?
As of Nov 2, 2026, MWH trades above its calculated fair value: price $25.64, fair value $13.27, a gap of about −48% (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 MWH?
No. The price is what the market pays today ($25.64); the fair value is what the company's own numbers justify ($13.27). For SOLV Energy, Inc. Class A the two are $12.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is SOLV Energy, Inc. Class A Common Stock worth?
The market values SOLV Energy, Inc. Class A at about $5.2B (market capitalisation, as of Nov 2, 2026). Per share that is $25.64; our models calculate a fair value of $13.27 per share.
What do the bullish and bearish scenarios say about MWH?
Our models span a range for SOLV Energy, Inc. Class A: cautious scenario $9.95, base $13.27, optimistic $16.58 per share (as of Nov 2, 2026, price $25.64). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MWH?
SOLV Energy, Inc. Class A trades at a price-to-earnings ratio of 49.5 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.27 is built from several models across several years. Other multiples: P/B 11.5, P/S 1.6, EV/EBITDA 16.7.
How solid is the balance sheet of SOLV Energy, Inc. Class A (MWH)?
Balance-sheet figures for SOLV Energy, Inc. Class A (as of Nov 2, 2026): return on equity 35.3%, debt of 0.91 per unit of equity. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
Which stocks are comparable to SOLV Energy, Inc. Class A Common Stock?
From the same area (Utilities) we also value China Yangtze Power Co, Huaneng Lancang River Hydropower Inc, Ørsted A/S, VERBUND AG, 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 SOLV Energy, Inc. Class A Common Stock stock attractive at the current price?
The data as of Nov 2, 2026: price $25.64, calculated fair value $13.27 (−48%), Quality Score 79/100, from 21 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 MWH calculated?
We run SOLV Energy, Inc. Class A through 21 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $13.27 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. SOLV Energy, Inc. Class A 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 SOLV Energy, Inc. Class A (MWH)?
The closing price on Nov 6, 2026 was $25.64. Our model-based fair value is $13.27, about 48% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SOLV Energy, Inc. Class A Common Stock right now?
A high-quality business (quality 79/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($16.58). The favourable scenario is already priced in.
Key figures of SOLV Energy, Inc. Class A
How large is the market capitalisation of SOLV Energy, Inc. Class A (MWH)?
The market capitalisation of SOLV Energy, Inc. Class A is $5.2B. 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 SOLV Energy, Inc. Class A (MWH)?
The price-to-sales ratio of SOLV Energy, Inc. Class A is 0.91 (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 SOLV Energy, Inc. Class A (MWH)?
Earnings per share at SOLV Energy, Inc. Class A are $0.4700 (price ÷ EPS = P/E 49.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SOLV Energy, Inc. Class A (MWH)?
The net margin of SOLV Energy, Inc. Class A is 3.8% (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 SOLV Energy, Inc. Class A (MWH)?
The return on equity (ROE) of SOLV Energy, Inc. Class A is 35.3% (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 SOLV Energy, Inc. Class A (MWH)?
On an EBIT basis the return on assets of SOLV Energy, Inc. Class A is 3.9% (avg 3y). 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 SOLV Energy, Inc. Class A (MWH)?
The operating margin of SOLV Energy, Inc. Class A is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SOLV Energy, Inc. Class A (MWH)?
Revenue at SOLV Energy, Inc. Class A is growing +77.5% versus a year earlier (3y avg +2.4%). 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 SOLV Energy, Inc. Class A (MWH) carry?
The net debt of SOLV Energy, Inc. Class A is $27.5M (fiscal year 2025, ≈ 0.1 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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Nov 2, 2026