Webuild S.p.A. (WBD) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Webuild S.p.A. stock €4.72, price €2.09, upside +126.3%, quality 42 out of 100. Rating: strongly undervalued. Calculated from audited financials with 16 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 3, 2026.
How to read this chart
60‑month range €1.06 – €4.07 · fair‑value band €3.31 – €6.14 · the €2.09 price screens below the €4.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Webuild S.p.A. engages in the construction businesses worldwide. The company designs and builds infrastructure for the mobility, hydroenergy, water, and green buildings.
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It also undertakes the construction of civil and industrial buildings, airports, stadiums, and hospitals, as well as roads and motorways, metros, railways, bridges and viaducts, ports, tunnels, and sea works.
In addition, the company develops and builds dams for drinking water, desalination and water treatment plants, hydraulic projects, drinking water, and irrigation water reservoirs. Further, it is involved in the development of hydropower plants and pumped storage facilities.
The company is headquartered in Lombardia, Italy.
Stock analysis
Webuild S.p.A. (WBD) currently trades at €2.09, while our model-based Fair Value estimate is €4.72, implying the stock looks roughly 56% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €5.10 per share, and 11 of the 16 models we run sit above the €2.09 price.
Bear case: the Asset-Based group reads lowest at €1.04, and 5 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: €3.31 (bear) to €6.14 (bull), the price of €2.09 sits below 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 42/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Webuild S.p.A. reported revenue of €12.6B in FY2025 versus €6.0B in FY2021, a compound +20.6%/yr. Reported net income was €240M in FY2025.
Key figures
Market cap €2.1B Mid · P/E ratio 8.3 · P/S ratio 0.17 · EPS (TTM) €0.2500 · Dividend yield 3.9% · Net margin 2.0% · Return on equity 11.9% · Return on assets (EBIT) 2.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 12% 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 126%, WBD screens cheaper than that median.
Fair Value models
Bear€3.31Fair Value €4.72Bull€6.14
Price €2.09 · Upside +126.3%
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 (€0.1435 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.6%
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.
+18.2%
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.
+24.4%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 22 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.
+7.1%
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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.
+36.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.5%
Dividend (yield on the price)3.9%
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.9.3% vs 1.9%, 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.−3% → 5%
2025 sits 102% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
News mood ⓘNews mood, the average tone of recent news (11 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.
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 · 788 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside+126.3% · Top 25%
Profitability
Return on equity (12 months)11.9% · Above median
Return on assets1.4% · Below median
Net margin (12 months)2.0% · Below median
Operating margin (12 months)−0.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−3.4% · Below median
Dividend yield (12 months)3.9% · Top 25%
Balance sheet
Debt / equity1.35× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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). "Webuild S.p.A. Fair Value". https://www.fairvalue-calculator.com/stock/WBD
Frequently asked questions
Is Webuild S.p.A. (WBD) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of €4.72 versus a price of €2.09, about +126% upside (undervalued).
What is the fair value of WBD?
Our model-based fair value for Webuild S.p.A. is €4.72 (as of Nov 3, 2026), built from audited fundamentals. The current price: €2.09.
What is the quality score of WBD?
Webuild S.p.A. has a Quality Score of 42/100. 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 Webuild S.p.A. (WBD)?
Our model-based price target is the fair value of €4.72 (as of Nov 3, 2026) from 16 valuation models. Cautious scenario €3.31, optimistic scenario €6.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Webuild S.p.A. stock forecast for 2026?
Our models put fair value at €4.72, about +126% upside versus a price of €2.09 (undervalued). Cautious scenario €3.31, optimistic scenario €6.14. The calculation is refreshed regularly with new filings.
What is the revenue of Webuild S.p.A. (WBD)?
Webuild S.p.A. reported trailing-twelve-month revenue of about €12.4B (latest available figure, as of Nov 3, 2026).
Does Webuild S.p.A. pay a dividend?
Webuild S.p.A. currently shows a dividend yield of 3.88% relative to its recent price (as of Nov 3, 2026).
What is the intrinsic value of Webuild S.p.A. (WBD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Webuild S.p.A. it is €4.72 per share (as of Nov 3, 2026), against a price of €2.09. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Webuild S.p.A. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, WBD trades below its calculated fair value: price €2.09, fair value €4.72, a gap of about +126% (undervalued). 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 WBD?
No. The price is what the market pays today (€2.09); the fair value is what the company's own numbers justify (€4.72). For Webuild S.p.A. the two are €2.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Webuild S.p.A. worth?
The market values Webuild S.p.A. at about €2.1B (market capitalisation, as of Nov 3, 2026). Per share that is €2.09; our models calculate a fair value of €4.72 per share.
What do the bullish and bearish scenarios say about WBD?
Our models span a range for Webuild S.p.A.: cautious scenario €3.31, base €4.72, optimistic €6.14 per share (as of Nov 3, 2026, price €2.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WBD?
Webuild S.p.A. trades at a price-to-earnings ratio of 8.3 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €4.72 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings: 14.3. Other multiples: PEG 0.4, P/B 1.3, P/S 0.2, EV/EBITDA 8.0.
What is the PEG ratio of WBD?
The PEG ratio of Webuild S.p.A. is 0.41 (P/E divided by earnings growth, as of Nov 3, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Webuild S.p.A. (WBD)?
Balance-sheet figures for Webuild S.p.A. (as of Nov 3, 2026): return on equity 11.9%, debt of 1.35 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is WBD from its 52-week high?
Webuild S.p.A. trades at €2.09, about 41% below its 52-week high of €3.55 and 12% above the low of €1.87 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of €4.72 is for.
Which stocks are comparable to Webuild S.p.A.?
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 Webuild S.p.A. stock attractive at the current price?
The data as of Nov 3, 2026: price €2.09, calculated fair value €4.72 (+126%), Quality Score 42/100, from 16 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 WBD calculated?
We run Webuild S.p.A. through 16 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 €4.72, 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 15.0% above its aggregate fair value. Webuild S.p.A. currently trades 56% 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 Webuild S.p.A. (WBD)?
The closing price on Nov 5, 2026 was €2.09. Our model-based fair value is €4.72, about +126% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Webuild S.p.A. right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€3.31). The market is more pessimistic than our downside scenario. A fairly wide model range (€3.31 to €6.14) leaves room in how you read the outcome.
Where does the earnings growth of Webuild S.p.A. (WBD) come from?
Earnings per share at Webuild S.p.A. grew −6.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share +1.6 %, EBIT margin −4.2 %, tax rate −2.7 %, 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 Webuild S.p.A.
How large is the market capitalisation of Webuild S.p.A. (WBD)?
The market capitalisation of Webuild S.p.A. is €2.1B. 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 Webuild S.p.A. (WBD)?
The price-to-sales ratio of Webuild S.p.A. is 0.17 (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 Webuild S.p.A. (WBD)?
Earnings per share at Webuild S.p.A. are €0.2500 (price ÷ EPS = P/E 8.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Webuild S.p.A. (WBD)?
The dividend yield of Webuild S.p.A. is 3.9% (payout 32.4%). 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 Webuild S.p.A. (WBD)?
The net margin of Webuild S.p.A. is 2.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Webuild S.p.A. (WBD)?
The return on equity (ROE) of Webuild S.p.A. is 11.9% (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 Webuild S.p.A. (WBD)?
On an EBIT basis the return on assets of Webuild S.p.A. is 2.5% (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 Webuild S.p.A. (WBD)?
The operating margin of Webuild S.p.A. is −0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Webuild S.p.A. (WBD)?
Revenue at Webuild S.p.A. is growing −3.4% versus a year earlier (3y avg +18.2%). 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 Webuild S.p.A. (WBD)?
Earnings per share at Webuild S.p.A. are growing +2.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Webuild S.p.A. (WBD) generate?
The free cash flow of Webuild S.p.A. is −€568M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Webuild S.p.A. (WBD) carry?
The net debt of Webuild S.p.A. is €426M (fiscal year 2025). 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 3, 2026