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Willdan Group (WLDN) Fair Value & Analysis

Industrials · US · Market cap $1.2B

WG Willdan Group logo Willdan Group WLDN · US
Price$86.24
Fair Value$59.13
Upside-31.4%
Quality60/100
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Healthy Growth
Thin margins · 8.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Moderate moat 55/100
Evidence: High Range $44.35 – $88.08 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price +14.5% over the past month.

A solid business, but screening 31% overvalued on our models.

What matters now

  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($44.35 to $88.08) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$134.94 $11.59 Fair Value $59.13 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range $11.59 – $134.94 · fair‑value band $44.35 – $88.08 · the $86.24 price screens above the $59.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Willdan Group (WLDN) currently trades at $86.24, while our model-based Fair Value estimate is $59.13, implying the stock looks roughly 31.4% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Willdan Group generated revenue of $684M at a net margin of 8.2%. Revenue grew 1.8% year over year. It earns a return on equity of 20.3%. Net debt stands at $3.4M. Fundamentals as of Jul 22, 2026

Our scenario range runs from $44.35 (bear case) to $88.08 (bull case); at $86.24, the current price sits within 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 37% below its 52-week high and 42% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -31%, WLDN 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
Growth DCF $54.24 $97.30 $157.30 80
Residual Income $20.04 $27.71 $93.65 76
Rev-Margin DCF $37.79 $63.21 $98.78 74
All 26 models by family
DCF Models
FCF DCF $56.15 $94.29 $181.80 38
Owner Earnings $49.29 $91.46 $163.36 31
5Y Revenue Exit $37.79 $63.74 $99.49 39
5Y EBITDA Exit $45.15 $80.15 $125.71 41
5Y P/E Exit $53.85 $99.51 $154.80 38
10Y Revenue Exit $43.01 $69.88 $112.82 36
10Y EBITDA Exit $48.47 $81.36 $134.45 37
10Y P/E Exit $53.92 $94.93 $158.46 35
Earnings-Based
Graham-Dodd $23.65 $140.12 $195.16 54
Lynch FV $39.81 $56.87 $73.93 50
PEG = 1.0 $39.81 $56.87 $73.93 46
EPV $22.36 $25.22 $27.62 59
Dividend Discount
Gordon GGM $0.5100 $0.9200 $1.27 70
DDM Multi-Stage $0.5100 $0.8400 $0.9800 61
Multiples
P/E Multiple $54.78 $73.04 $91.30 63
P/S Multiple $44.35 $59.13 $73.91 58
P/B Multiple $44.35 $59.13 $73.91 55
EV/EBIT $38.57 $50.99 $63.40 53
EV/EBITDA $41.86 $55.38 $68.89 54
EV/Revenue $27.91 $39.30 $50.70 43
Asset-Based
NCAV (Graham) $10.09 $13.52 $20.17 50
Growth DCF
Growth DCF $54.24 $97.30 $157.30 80
Rev-Margin DCF $37.79 $63.21 $98.78 74
Economic Profit
Residual Income $20.04 $27.71 $93.65 76
ROIC Compounder $23.60 $30.87 $37.92 72
Growth Earnings
Growth-Adj P/E $58.19 $83.13 $108.07 68

Widest divergence: Growth Earnings ($83.13) versus Dividend Discount ($0.8400). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $684M
Revenue growth (YoY) +1.8%
Net margin 8.2%
Return on equity 20.3%
Free cash flow $70.7M FY2025
P/E ratio 21.7
More key figures
Operating margin 4.7%
EPS (TTM) $3.72
EPS growth (YoY) +71.9%
Net debt $3.4M FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 62 · Market factors (momentum, volatility) 30

Profitability 69
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 26
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

Willdan Group, Inc., together with its subsidiaries, provides professional, technical, and consulting services through engineering, program management, policy advisory, and software and data analytics primarily in the United States. The company operates in two segments: Energy, and Engineering and Consulting.

Full company description

Willdan Group, Inc., together with its subsidiaries, provides professional, technical, and consulting services through engineering, program management, policy advisory, and software and data analytics primarily in the United States. The company operates in two segments: Energy, and Engineering and Consulting. The Energy segment offers comprehensive audit and surveys, program design and implementation, master planning, demand reduction, grid optimization, benchmarking analyses, design engineering, AI data center power solutions, construction management, performance contracting, installation, alternative financing, measurement and verification services, and software and data analytics, as well as energy consulting and engineering, turnkey facility and infrastructure projects, and customer support services. The Engineering and Consulting segment provides building and safety, city engineering and code enforcement, development review, disaster recovery, geotechnical, earthquake, planning and surveying, contract staff support, program and construction management, structures, transportation and traffic engineering, and water resources services. This segment also offers district administration, financial consulting, and federal compliance services. It serves investor and municipal owned energy utilities, public and governmental agencies, including cities, counties, redevelopment agencies, water districts, school districts, and universities; state and federal agencies; and commercial and industrial firms, as well as various other special districts and agencies. Willdan Group, Inc. was founded in 1964 and is headquartered in Anaheim, California.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Willdan Group reported revenue of $682M in FY2025 versus $354M in FY2021, a compound +17.8%/yr. Reported net income was $52.6M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$682M
Latest YoY
+20.5%
Avg. growth/yr (3Y)
+16.7%
Avg. growth/yr (5Y)
+11.8%
Avg. growth/yr (22Y)
+12.2%
Revenue +17.8%/yr
FY21 $354M
FY22 $429M
FY23 $510M
FY24 $566M
FY25 $682M
Net income
FY21 −$8.4M
FY22 −$8.4M
FY23 $10.9M
FY24 $22.6M
FY25 $52.6M

WLDN screens 31% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Willdan Group Fair Value". https://www.fairvalue-calculator.com/stock/WLDN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Engineering & Construction · 837 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 60 · Top 25%
Fair Value upside −31% · Below median
Return on equity (TTM) 20% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 5% · Above median
Revenue growth 2% · Below median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 21.7× · Pricier than median
P/B 4.00× · Pricier than 75% of peers
P/S (TTM) 1.78× · Pricier than 75% of peers
P/FCF 17.3× · Pricier than 75% of peers
EV/EBITDA 18.7× · Pricier than 75% of peers
PEG 0.48× · 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 0 · sector 16
FUTURE 9 · sector 18
PAST 81 · sector 26
HEALTH 92 · sector 94
DIVIDEND 0 · sector 33

VALUE 0: the price sits above our fair-value range.

Insider activity: 46/100

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Willdan Group (WLDN) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of $59.13 versus a price of $86.24, about −31% (overvalued).
What is the fair value of WLDN?
Our model-based fair value for Willdan Group is $59.13 (as of Jul 22, 2026), built from audited fundamentals. The current price is $86.24.
What is the quality score of WLDN?
Willdan Group has a Quality Score of 60/100. 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 revenue of Willdan Group (WLDN)?
Willdan Group reported trailing-twelve-month revenue of about $684M (latest available figure, as of Jul 22, 2026).
What is the net profit margin of WLDN?
The net profit margin of Willdan Group is about 8.2%, meaning it keeps roughly 8.2% 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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