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WAM Global Limited (WGB) Fair Value & Analysis

Financial Services · AU · Market cap A$798M

WG WAM Global Limited WGB · AU
PriceA$2.21
Fair ValueA$3.50
Upside+58.4%
Quality75/100
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Mixed Growth
Thin margins · 0.0% net margin
generates free cash flow
Trails peers (4/11)
Wide moat 67/100
Evidence: High Range A$2.63 – A$4.38 Share as image

Fair value as of: Jul 12, 2026

From 10 valuation models · updated 28 days ago

Share price +0.5% over the past month.

A strong business, screening 58% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (A$2.63). The market is more pessimistic than our downside scenario.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

A$2.46 A$1.31 Fair Value A$3.50 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$1.31 – A$2.46 · fair‑value band A$2.63 – A$4.38 · the A$2.21 price screens below the A$3.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

WAM Global Limited (WGB) currently trades at A$2.21, while our model-based Fair Value estimate is A$3.50, implying the stock looks roughly 58.4% undervalued today. The Quality Score stands at 75/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

The balance sheet holds a net cash position of A$37.5M. The stock trades on a trailing P/E of 43.6. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$2.63 (bear case) to A$4.38 (bull case); at A$2.21, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -12% fair-value upside, at 58%, WGB screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income A$2.15 A$2.40 A$3.62 76
Growth DCF A$1.79 A$3.02 A$4.96 72
Rev-Margin DCF A$1.24 A$1.96 A$3.46 67
All 10 models by family
DCF Models
5Y P/E Exit A$2.62 A$5.86 A$10.29 38
10Y P/E Exit A$2.39 A$5.36 A$10.28 35
Earnings-Based
Graham-Dodd A$1.95 A$13.63 A$19.12 54
Lynch FV A$7.04 A$10.06 A$13.08 50
Multiples
P/E Multiple A$2.80 A$3.74 A$4.67 63
P/B Multiple A$2.63 A$3.50 A$4.38 55
Asset-Based
NCAV (Graham) A$1.25 A$1.68 A$2.50 50
Growth DCF
Growth DCF A$1.79 A$3.02 A$4.96 72
Rev-Margin DCF A$1.24 A$1.96 A$3.46 67
Economic Profit
Residual Income A$2.15 A$2.40 A$3.62 76

Widest divergence: Earnings-Based (A$10.06) versus Asset-Based (A$1.68). Highest evidence: Residual Income (76).

Key figures & financial health

Return on equity 1,027%
Free cash flow A$47.6M FY2025
P/E ratio 44.4
EPS (TTM) A$0.0500
Net cash A$37.5M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 72 · Market factors (momentum, volatility) 50

Profitability 50
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

WAM Global Limited is a listed investment company launched and managed by Wilson Asset Management (International) Pty Limited. The firm invests in the public equity markets across the globe. It primarily invests in value stocks of companies. WAM Global Limited is based in Sydney, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WAM Global Limited reported revenue of A$161M in FY2025 versus A$145M in FY2021, a compound +2.7%/yr. Reported net income was A$103M in FY2025, compounding +1.9%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$161M
Latest YoY
+35.7%
Avg. growth/yr (5Y)
+62.8%
Avg. growth/yr (6Y)
+30.5%
Revenue +2.7%/yr
FY21 A$145M
FY22 −A$156M
FY23 A$130M
FY24 A$119M
FY25 A$161M
Net income +1.9%/yr
FY21 A$95.9M
FY22 −A$117M
FY23 A$84.8M
FY24 A$73.9M
FY25 A$103M

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Cite: Fair Value Calculator (2026). "WAM Global Limited Fair Value". https://www.fairvalue-calculator.com/stock/WGB

Peer Group

Asset Management · 973 stocks

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.

Quality Score 74 · Top 25%
Fair Value upside +58% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 44.4× · Pricier than 75% of peers
P/B 0.63× · Cheaper than 75% of peers
P/FCF 11.8× · Pricier than median
EV/EBITDA 3.6× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 37
FUTURE 0 · sector 6
PAST 0 · sector 26
HEALTH 0 · sector 95
DIVIDEND 0 · sector 69

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Fondul Proprietatea SA FP $0.0420 $0.0800 +90%
BlackRock, Inc BLK $1,136 $465.75 -59%
Blackstone Inc BX $124.56 $16.35 -87%
Investor AB INVEB kr 423.70 kr 847.40 +100%
Brookfield Corporation BN C$62.45 C$10.12 -84%
KKR & Co KKR $100.94 $44.88 -56%
AB Industrivärden INDUA kr 532.50 kr 1,065 +100%
Jio Financial Services Limited JIOFIN ₹242.98 ₹40.19 -83%
Hedef Holding HEDEF 267.25 TRY 320.98 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹10,398 ₹9,202 -12%

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Frequently asked questions

Is WAM Global Limited (WGB) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$3.50 versus a price of A$2.21, about +58% (undervalued).
What is the fair value of WGB?
Our model-based fair value for WAM Global Limited is A$3.50 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$2.21.
What is the quality score of WGB?
WAM Global Limited has a Quality Score of 75/100. 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 net profit margin of WGB?
The net profit margin of WAM Global Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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