NYSE: ULS ยท Specialty Business Services
UL Solutions (ULS) fair value: undervalued or overvalued?
As of 19 Sep 2026, Faircurve's model values UL Solutions (ULS) at $63.53 a share. The stock last closed at $66.32, which puts the model's fair value 4.2% below the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 21 Sep 2026. UL Solutions Inc.
What price range does the model give ULS?
The calibrated range for ULS over 63 trading days is $53.60 to $77.86. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 3,913 past valuations, refreshed 19 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $48.92 to $82.58. In 49% of the simulations the fair value came out above the price the model ran on.
How does ULS score on business quality?
UL Solutions's overall quality score is 73 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 100 | 24.1%ROIC | 8.4% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 59 | 0.87xFCF / net income | 1.89x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 63 | 6.4%Revenue growth, trailing | 6.8% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 41 | 0.1%Net buybacks / market value | 2.2% |
| Balance sheetNet debt to EBITDA and interest coverage. | 91 | 0.12xNet debt / EBITDA | 2.06x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 49 | 2.0 ptsEBITDA margin downside volatility, 5y | 0.9 pts |
How does ULS compare with similar companies?
The companies in specialty business services closest to UL Solutions in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| ARMK Aramark | $56.48 | $60.18 | +6.6% | Fairly valued |
| ROL Rollins, Inc. | $32.35 | $31.52 | -2.6% | Fairly valued |
| RBA.TO RB Global, Inc. | $117.43 | $115.91 | -1.3% | Low model confidence |
| CPRT Copart, Inc. | $28.91 | $31.91 | +10.4% | Low model confidence |
| UNF UniFirst Corporation | $264.00 | $251.51 | -4.7% | Fairly valued |
| MMS Maximus, Inc. | $55.97 | $61.88 | +10.6% | Fairly valued |
| ABM ABM Industries Inc. | $49.43 | $55.24 | +11.8% | Fairly valued |
| TRI.TO Thomson Reuters Corporation | $134.01 | $140.87 | +5.1% | Fairly valued |
All specialty business services stocks ranked by gap to fair value
When does ULS report earnings, and how has the stock reacted?
UL Solutions's next earnings report is scheduled for 3 Nov 2026. Companies can move their dates.
Options prices on 21 Sep 2026 imply a move of about 13.7% in either direction through the nearest expiry, about 59 days out, a window that includes the report. That is the size the market is pricing, not a direction.
How ULS moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 11.5%.
| Report date | Two session move |
|---|---|
| 4 Aug 2026 | -13.2% |
| 5 May 2026 | +16.4% |
| 19 Feb 2026 | +12.5% |
| 4 Nov 2025 | +9.1% |
| 5 Aug 2025 | -10.4% |
| 6 May 2025 | +28.6% |
| 20 Feb 2025 | -4.6% |
| 5 Nov 2024 | -3.0% |
UL Solutions at a glance
UL Solutions Inc. is a global leader in safety science services. The company's operations are organized into three primary business units: Industrial, Consumer, and Software and Advisory.
- Market value
- $12.9B
- Sector
- Industrials
- Industry
- Specialty Business Services
- Revenue expected, next twelve months
- $3.4B
- Consensus revenue growth, next fiscal year
- +5.2%
- Analysts with estimates
- 7
- Beta to the US market
- 0.55
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices UL Solutions on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 12 Sep 2026 the model's fair value for ULS was $69.51. As of 19 Sep 2026 it is $63.53, a change of -8.6%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about UL Solutions's valuation
Is UL Solutions stock undervalued or overvalued?
On Faircurve's model, ULS reads as Fairly valued as of 19 Sep 2026. The model's fair value is $63.53 a share against a last close of $66.32, a gap of -4.2%.
What is ULS's fair value?
$63.53 a share as of 19 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $48.92 to $82.58.
What price range does the model give ULS?
$53.60 to $77.86 over 63 trading days. Ranges built this way held the price 60% of the time across 3,913 past valuations, refreshed 19 Sep 2026.
When does UL Solutions report earnings next?
The next report is scheduled for 3 Nov 2026. Companies can move their dates.
How much has ULS moved on past earnings reports?
Across its last 8 reports the median two session move was 11.5%, ignoring direction. The largest was +28.6% around the report of 6 May 2025.
How confident is the model in this valuation?
Model confidence for ULS is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.