George Weston Limited (WN) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of George Weston Limited stock C$72.52, price C$110, that is 33.9% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 23 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 6, 2026.
How to read this chart
60‑month range C$39.77 – C$111.50 · fair‑value band C$44.41 – C$100.99 · the C$109.72 price screens above the C$72.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates in two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties).
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The Loblaw segment provides grocery, corporate and franchise-owned retail food, and associate-owned drug stores, including in-store pharmacies, health care services, health and beauty products, apparel, and other general merchandise.
This segment offers credit card and banking services, guaranteed investment certificates, loyalty program, insurance brokerage services, and telecommunication services.
The Choice Properties segment owns, develops, and manages commercial and residential properties, which are leased to necessity-based tenants and logistics providers.
The company markets its products under the Shoppers Drug Mart, Joe Fresh, President's Choice Bank, PC Financial, no name, Farmer's Market, T&T, Life Brand, and PC Optimum brands. The company was founded in 1882 and is based in Toronto, Canada.
George Weston Limited is a subsidiary of Wittington Investments, Limited.
Stock analysis
George Weston Limited (WN) currently trades at C$109.72, while our model-based Fair Value estimate is C$72.52, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$75.92 per share, and 2 of the 23 models we run sit above the C$109.72 price.
Bear case: the Dividend Discount group reads lowest at C$9.50, and 21 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: C$44.41 (bear) to C$100.99 (bull), the price of C$109.72 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 63/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
George Weston Limited reported revenue of C$64.5B in FY2025 versus C$53.7B in FY2021, a compound +4.7%/yr. Reported net income was C$1.1B in FY2025, compounding +27.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap C$41.4B (≈ $29.5B) Large · P/E ratio 44.8 · P/S ratio 0.63 · EPS (TTM) C$2.45 · Dividend yield 1.1% · Net margin 1.6% · Return on equity 18.6% · Return on assets (EBIT) 9.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 2% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −21% fair-value upside, at −34%, WN screens richer than that median.
Fair Value models
BearC$44.41Fair Value C$72.52BullC$100.99
Price C$109.72 · Downside -33.9%
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 (C$1.09 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.66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.7%
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.
+4.2%
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.
+3.9%
Start year 2020 (pandemic). Over 10 years: +3.2% a year
Revenue growth 30 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.
+5.5%
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What shareholders gained per year (last 5 years) ⓘ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.
+26.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.3%
Dividend (yield on the price)1.1%
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.25.3% vs 8.3%, 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.5% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about −1.0% a year for the price and +1.4% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (84 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.Negative
Recent news coverage is more negative than average.
AI conclusion: Scale advantages from its large Canadian grocery base deliver modest organizational capital, yet limited pricing power and sparse competitive signals leave the business exposed in a crowded sector.
Main risk: Canadian regulators or a mandatory Grocery Code of Conduct could limit pricing flexibility and increase compliance costs for Loblaw's grocery operations.
Bull case: Loblaw could leverage its scale and AI tools in e-commerce and supply chain to maintain efficiency and defend market share against discount rivals while navigating regulatory scrutiny through compliance investments.
Bear case: If regulatory pressure mounts and discount competition intensifies, Loblaw could face sustained margin compression and gradual loss of customers to lower-priced rivals in its core Canadian market.
George Weston draws nearly all its revenue from the Canadian operations of Loblaw. The recent agreement to acquire a large UK pharmacy chain extends the same pharmacy strategy into a new market focused on beauty and weight-loss products. Our models see the shares as overvalued. Will the international move reinforce the existing business or introduce new risks that outweigh the benefits?
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.Grocery Stores · 73 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−33.9% · Bottom 25%
Profitability
Return on equity (12 months)18.6% · Above median
Return on assets2.2% · Below median
Net margin (12 months)1.6% · Below median
Operating margin (12 months)9.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.1% · Above median
Dividend yield (12 months)1.1% · Bottom 25%
Balance sheet
Debt / equity2.40× · Highest 25%
Valuation Multiplesvs Grocery Stores median · lower = cheaper
P/E (12 months)44.8× · Priciest 25%
P/B7.84× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)0.63× · Pricier than median
Price / free cash flow (fiscal year)12.8× · Pricier than median
EV/EBITDA7.7× · Pricier than median
PEG1.28× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 40
FUTURE (revenue growth)21· sector 15
PAST (return on equity)74· sector 51
HEALTH (low debt)0· sector 91
DIVIDEND (yield)21· sector 51
VALUE 0: the price sits above our fair-value range.
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.
Is George Weston Limited (WN) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of C$72.52 versus a price of C$109.72, about 34% lower (overvalued).
What is the fair value of WN?
Our model-based fair value for George Weston Limited is C$72.52 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$109.72.
What is the quality score of WN?
George Weston Limited has a Quality Score of 63/100. 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 George Weston Limited (WN)?
Our model-based price target is the fair value of C$72.52 (as of Nov 6, 2026) from 23 valuation models. Cautious scenario C$44.41, optimistic scenario C$100.99. It is a calculation from audited fundamentals, not an analyst target.
What is the George Weston Limited stock forecast for 2026?
Our models put fair value at C$72.52, about 34% lower versus a price of C$109.72 (overvalued). Cautious scenario C$44.41, optimistic scenario C$100.99. The calculation is refreshed regularly with new filings.
What is the revenue of George Weston Limited (WN)?
George Weston Limited reported trailing-twelve-month revenue of about C$65.7B (latest available figure, as of Nov 6, 2026).
Does George Weston Limited pay a dividend?
George Weston Limited currently shows a dividend yield of 1.06% relative to its recent price (as of Nov 6, 2026).
What growth is priced into George Weston Limited (WN)?
For today's price to be fair in a discounted-cash-flow model, George Weston Limited would have to grow free cash flow by +1.1 % per year for five years (discount rate 7.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of WN use?
Our models discount George Weston Limited at 7.9 %: a base by market capitalisation (large), damped by beta 0.47, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For George Weston Limited that is +1.1 % per year a year over ten years, using the same discount rate (7.9 %) and the same formula as our fair value.
How much growth has George Weston Limited (WN) delivered so far?
Over the past 5 years revenue at George Weston Limited grew +3.9 % a year. The price currently implies +1.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of George Weston Limited (WN) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into George Weston Limited (+1.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of George Weston Limited (WN)?
The free-cash-flow yield on the price is 7.80 %: that much free cash flow George Weston Limited produces per unit of market value. When it exceeds the discount rate of our models (7.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of George Weston Limited (WN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For George Weston Limited it is C$72.52 per share (as of Nov 6, 2026), against a price of C$109.72. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is George Weston Limited stock overvalued or undervalued in 2026?
As of Nov 6, 2026, WN trades above its calculated fair value: price C$109.72, fair value C$72.52, a gap of about −34% (overvalued). 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 WN?
No. The price is what the market pays today (C$109.72); the fair value is what the company's own numbers justify (C$72.52). For George Weston Limited the two are C$37.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is George Weston Limited worth?
The market values George Weston Limited at about C$41.4B (market capitalisation, as of Nov 6, 2026). Per share that is C$109.72; our models calculate a fair value of C$72.52 per share.
What do the bullish and bearish scenarios say about WN?
Our models span a range for George Weston Limited: cautious scenario C$44.41, base C$72.52, optimistic C$100.99 per share (as of Nov 6, 2026, price C$109.72). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of WN?
George Weston Limited trades at a price-to-earnings ratio of 44.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$72.52 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 24.6 (reported for FY2025: 37.0). Other multiples: PEG 1.3, P/B 7.8, P/S 0.6, EV/EBITDA 7.7.
What is the PEG ratio of WN?
The PEG ratio of George Weston Limited is 1.28 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of George Weston Limited (WN)?
Balance-sheet figures for George Weston Limited (as of Nov 6, 2026): return on equity 18.6%, debt of 2.40 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is WN from its 52-week high?
George Weston Limited trades at C$109.72, about 2% below its 52-week high of C$111.50 and 28% above the low of C$85.49 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of C$72.52 is for.
Which stocks are comparable to George Weston Limited?
From the same area (Consumer Defensive) we also value Loblaw Companies Limited, The Kroger Co, Woolworths Group, Koninklijke Ahold Delhaize N.V, 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 George Weston Limited stock attractive at the current price?
The data as of Nov 6, 2026: price C$109.72, calculated fair value C$72.52 (−34%), Quality Score 63/100, from 23 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 WN calculated?
We run George Weston Limited through 23 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 C$72.52, 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 15.5% above its aggregate fair value. George Weston Limited itself currently trades above fair value. 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 George Weston Limited (WN)?
The closing price on Nov 5, 2026 was C$109.72. Our model-based fair value is C$72.52, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with George Weston Limited right now?
The price sits above even our optimistic bull case (C$100.99). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$44.41 to C$100.99) leaves room in how you read the outcome.
Where does the earnings growth of George Weston Limited (WN) come from?
Earnings per share at George Weston Limited grew +14.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.9 %, EBIT margin +8.7 %, tax rate +0.1 %, residual (interest, one-offs) +1.9 %. 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 George Weston Limited
How large is the market capitalisation of George Weston Limited (WN)?
The market capitalisation of George Weston Limited is C$41.4B (≈ $29.5B). 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 George Weston Limited (WN)?
The price-to-sales ratio of George Weston Limited is 0.63 (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 George Weston Limited (WN)?
Earnings per share at George Weston Limited are C$2.45 (price ÷ EPS = P/E 44.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of George Weston Limited (WN)?
The dividend yield of George Weston Limited is 1.1% (payout 31.7%, on adjusted earnings, reported 47.6%). 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 George Weston Limited (WN)?
The net margin of George Weston Limited is 1.6% (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 George Weston Limited (WN)?
The return on equity (ROE) of George Weston Limited is 18.6% (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 George Weston Limited (WN)?
On an EBIT basis the return on assets of George Weston Limited is 9.3% (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 George Weston Limited (WN)?
The operating margin of George Weston Limited is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at George Weston Limited (WN)?
Revenue at George Weston Limited is growing +4.1% versus a year earlier (3y avg +4.2%). 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 George Weston Limited (WN)?
Earnings per share at George Weston Limited are growing −47.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does George Weston Limited (WN) carry?
The net debt of George Weston Limited is C$18.1B (fiscal year 2025, ≈ 5.6 yrs of FCF). 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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Some data
Nov 6, 2026