Walker & Dunlop Inc (WD) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Walker & Dunlop Inc $32.25, price $36.96, upside -12.7%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Walker & Dunlop Inc
WD · USWeak valuationQuality is weak on top of the rich price.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $36.96 – $134.07 · fair‑value band $16.92 – $32.25 · the $36.96 price screens above the $32.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.
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Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, and small-balance loans. It also provides finance for multifamily, manufactured housing communities, student housing, affordable housing, small balance loans, and senior housing properties under the Fannie Mae's Delegated Underwriting and Servicing program and Freddie Mac; and construction and permanent loans to developers and owners of multifamily housing, affordable housing, senior housing, and healthcare facilities. In addition, the company acts as a debt broker to work with life insurance companies, banks, and other institutional investors to find debt and/or equity solution for the borrowers' needs; and offers property sales brokerage services to owners and developers of multifamily properties, and commercial real estate and multifamily property appraisals for various investors. Further, it provides multifamily appraisal and valuation services; and real estate-related investment banking and advisory services, including housing market research. Additionally, the company offers servicing and asset-managing the portfolio of loans; originates loans through its principal lending and investing activities; and manages third-party capital invested in tax credit equity funds focused on the LIHTC sector and other commercial real estate sectors. Walker & Dunlop, Inc. was founded in 1937 and is headquartered in Bethesda, Maryland.
Stock analysis
Walker & Dunlop Inc (WD) currently trades at $36.96, while our model-based Fair Value estimate is $32.25, implying the stock looks roughly 14.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $97.52 per share, and 3 of the 9 models we run sit above the $36.96 price.
Bear case: the Earnings-Based group reads lowest at $21.53, and 6 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: $16.92 (bear) to $32.25 (bull), the price of $36.96 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 46/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Walker & Dunlop Inc reported revenue of $1.2B in FY2025 versus $1.3B in FY2021, a compound −0.5%/yr. Reported net income was $57.1M in FY2025, compounding −31.9%/yr from FY2021.
Key figures
Market cap $1.8B · P/E ratio 18.3 · P/S ratio 0.85 · EPS (TTM) $2.02 · Dividend yield 7.3% · Net margin 4.6% · Return on equity 4.2% · Return on assets (EBIT) 4.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 56% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 29% fair-value upside, at −13%, WD screens richer than that median.
Fair Value models
All 9 models by family
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Set up alert →Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 13
Revenue & earnings trend
WD screens 15% overvalued. Compare with Federal Home Loan Mortgage Corporation →
Recent news
- Walker & Dunlop Arranges $300 Million Refinancing for Mixed-Use Property in Manhattan’s Meatpacking District
- KeyCorp, Fifth Third Bancorp, Citizens Financial Group, Walker & Dunlop, and PNC Financial Services Group Shares Are Falling, What You N
- Walker & Dunlop Grows Hospitality and European Capital Markets Platform
Compare Walker & Dunlop Inc with another stock
Price, fair value, quality and upside side by side.
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.Mortgage Finance · 93 stocks
Valuation Multiplesvs Mortgage Finance median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Mortgage Finance stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Federal Home Loan Mortgage Corporation FMCCT | $12.00 | $24.00 | +100% |
| Rocket Companies, Inc RKT | $12.74 | $3.23 | −75% |
| Federal National Mortgage Association FNMAS | $8.25 | $2.01 | −76% |
| Bajaj Housing Finance Limited BAJAJHFL | ₹83.52 | ₹24.32 | −71% |
| PennyMac Financial Services, Inc PFSI | $66.96 | $125.45 | +87% |
| UWM Holdings UWMC | $1.26 | $0.2100 | −83% |
| LIC Housing Finance Limited LICHSGFIN | ₹572.50 | ₹1,145 | +100% |
| PNB Housing Finance Limited PNBHOUSING | ₹1,139 | ₹1,330 | +17% |
| Aadhar Housing Finance Limited AADHARHFC | ₹454.55 | ₹584.64 | +29% |
| Aptus Value Housing Finance India Limited APTUS | ₹251.33 | ₹501.00 | +99% |
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Key figures of Walker & Dunlop Inc
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