Walker & Dunlop Inc (WD) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Walker & Dunlop Inc stock $32.26, price $39.05, that is 17.4% below the price, quality 46 out of 100. Rating: overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
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Walker & Dunlop Inc
WD · USOur calculation puts a fair price 17% below what the stock costs today.
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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 $31.67 – $131.87 · fair‑value band $16.96 – $33.53 · the $39.05 price screens above the $32.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 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.
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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 $39.05, while our model-based Fair Value estimate is $32.26, 17% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $63.54 per share, and 2 of the 9 models we run sit above the $39.05 price.
Bear case: the Asset-Based group reads lowest at $14.14, and 7 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $16.96 (bear) to $33.53 (bull), the price of $39.05 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 $1.3B Small · P/S ratio 1.14 · EPS (TTM) $−1.04 · Dividend yield 6.9% · Net margin 4.6% · Return on equity 2.4% · Return on assets (EBIT) 4.8% (5-year average) · Operating margin 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at −17%, WD screens richer than that median.
Fair Value models
All 9 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, no officer or director bought or sold shares on the open market.
- BuyDana L SchmaltzDirector1,000 shares at $45.78$45,780Mar 18, 2026
- BuyErnest Michael FreedmanDirector5,000 shares at $49.21$246,050Mar 5, 2026
- BuyDonna WellsDirector500 shares at $46.96$23,480Mar 3, 2026
- BuyWilliam M WalkerChairman & CEO, Director10,000 shares at $47.46$474,600Mar 2, 2026
Plus 4 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.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
WD screens overvalued: fair value 17% below the price. Compare with Rocket Companies, Inc →
Earlier news
- Walker & Dunlop Arranges $117 Million Refinancing for Three Texas Multifamily Properties
- Walker & Dunlop Closes $151 Million Through HUD’s New LEAN Express Lane
- Walker & Dunlop: Institutional Capital fuels 74% Surge in Seniors Housing Transactions
- Arbor Realty Trust, Franklin BSP Realty Trust, PennyMac Financial Services, Walker & Dunlop, and Ladder Capital Shares Are Falling, What
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 · 49 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)
- Return on equity by industry
- Quality Score by industry
- PEG screener for stocks with fair value
- 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 | Compare |
|---|---|---|---|---|
| LIC Housing Finance Limited LICHSGFIN | ₹536.00 | ₹1,040 | +94% | vs WD |
| PennyMac Financial Services, Inc PFSI | $65.59 | $125.39 | +91% | vs WD |
| Can Fin Homes Limited CANFINHOME | ₹748.95 | ₹1,060 | +42% | vs WD |
| PNB Housing Finance Limited PNBHOUSING | ₹1,100 | ₹1,329 | +21% | vs WD |
| Aadhar Housing Finance Limited AADHARHFC | ₹429.65 | ₹497.00 | +16% | vs WD |
| Aavas Financiers Limited AAVAS | ₹1,138 | ₹613.63 | −46% | vs WD |
| Bajaj Housing Finance Limited BAJAJHFL | ₹80.00 | ₹39.96 | −50% | vs WD |
| Home First Finance Company HOMEFIRST | ₹1,091 | ₹226.97 | −79% | vs WD |
| UWM Holdings UWMC | $1.52 | $0.2200 | −86% | vs WD |
| Rocket Companies, Inc RKT | $15.06 | $1.79 | −88% | vs WD |
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Key figures of Walker & Dunlop Inc
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