NYSE: WEX · Infrastructure Software
WEX (WEX) fair value and price range
As of 31 Oct 2026, Faircurve's model values WEX (WEX) at $149.96 a share. The stock last closed at $179.78, which puts the model's fair value 16.6% below the price. The model grades the evidence behind this valuation as low, so no verdict is shown. 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 does not say how likely the fair value is to be right.
Revalued . Price is the close of 5 Nov 2026. WEX Inc.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $147.79 to $149.96 (+1.5%). Analysts raised their next-twelve-month EBITDA estimates: most of the move.
What the model makes of itThe price of $179.78 is 16.6% above it. The model grades the evidence behind this valuation as low, so no verdict is shown. 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 does not say how likely the fair value is to be right.
What's nextNext report on 3 Feb 2027. Options prices imply a move of about 12% either way over the next month. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give WEX?
The calibrated range for WEX over 63 trading days is $159.66 to $208.00. It sits around the last close, and its width comes from the volatility that WEX's own options imply (40% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $82.02 to $235.36. In 36% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
WEX Inc. is a financial technology enterprise headquartered in Portland, Maine. It was established in 1983 and delivers diverse services across the United States and globally.
Faircurve's model put the fair value of WEX at $149.96 a share on 31 Oct 2026, the midpoint of 2,000 simulations. The previous run, on 24 Oct 2026, gave $147.79, so the fair value moved +1.5%. In the model's own words, analysts raised their next-twelve-month EBITDA estimates, which was most of the move. The calibrated range over 63 trading days is $161.90 to $205.30. It is built around the price from the volatility the stock's own options imply, and calibrated weekly against realised prices from 6,661 past valuations. Ranges built this way held the price 60% of the time at this horizon. The model grades the evidence behind this valuation as low, so no verdict is shown.
WEX scores 35 out of 100 on the model's overall quality measure, a composite of six factors scored against comparable companies. Three factors stand out. Earnings quality scores 0, with FCF / net income at -0.72x against a peer median of 1.74x. Capital discipline scores 13, with net buybacks at 4.2% of market value against a peer median of 10.6%. The balance sheet scores 23, with net debt / EBITDA at 4.28x against a peer median of 3.16x. The model compares WEX with ACI Worldwide, UiPath, Qualys, Dropbox and Teradata, each of which has its own fair value on the site.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does WEX report earnings, and how has the stock reacted?
WEX's next earnings report is scheduled for 3 Feb 2027. Companies can move their dates.
Options prices on 5 Nov 2026 imply a move of about 7.1% in either direction through the nearest expiry, about 14 days out. That is the size the market is pricing, not a direction. WEX's 30 day implied volatility works out to about 11.5% over one month.
Around its last 8 reports: what the options market priced, and what followed
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 WEX's last 8 reports, ignoring direction, was 5.6%.
What the options market has priced for a month's move in WEX
How does WEX score on business quality?
WEX's overall quality score is 35 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. | 55 | 9.5%ROIC | 9.7% |
| 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). | 0 | -0.72xFCF / net income | 1.74x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 52 | 1.2%Revenue growth, trailing | 3.6% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 13 | 4.2%Net buybacks / market value | 10.6% |
| Balance sheetNet debt to EBITDA and interest coverage. | 23 | 4.28xNet debt / EBITDA | 3.16x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 50 | 3.8 ptsEBITDA margin downside volatility, 5y | 3.2 pts |
How does WEX compare with similar companies?
The companies in infrastructure software closest to WEX in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| BOX Box, Inc. | $43.55 | $40.49 | -7.0% | Data under review |
| ACIW ACI Worldwide, Inc. | $59.52 | $56.41 | -5.2% | Fairly valued |
| PATH UiPath Inc. | $13.01 | $18.54 | +42.5% | Undervalued |
| QLYS Qualys, Inc. | $199.63 | $256.51 | +28.5% | Undervalued |
| DBX Dropbox, Inc. | $35.76 | $50.77 | +42.0% | Undervalued |
| FOUR Shift4 Payments, Inc. | $42.79 | $43.57 | +1.8% | Low evidence grade |
| DOCN DigitalOcean Holdings, Inc. | $70.70 | $93.05 | +31.6% | Low evidence grade |
| TDC Teradata Corporation | $32.72 | $38.64 | +18.1% | Undervalued |
What the comparable companies' multiples alone would give for WEX, the peer-implied price, is $103.31 a share on this run. The fair value weighs that against the company's own multiple.
All infrastructure software stocks ranked by gap to fair value
WEX at a glance
WEX Inc., a financial technology enterprise established in 1983 and headquartered in Portland, Maine, delivers diverse services across the United States and globally.
- Market value
- $6.3B
- Sector
- Technology
- Industry
- Infrastructure Software
- Revenue expected, next twelve months
- $3.0B
- Consensus revenue growth, next fiscal year
- +10.9%
- Analysts with estimates
- 10
- Beta to the US market
- 0.30
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices WEX 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 24 Oct 2026 the model's fair value for WEX was $147.79. As of 31 Oct 2026 it is $149.96, a change of +1.5%. Analysts raised their next-twelve-month EBITDA estimates: most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about WEX's valuation
Is WEX stock undervalued or overvalued?
Faircurve's model puts WEX's fair value at $149.96 a share against a last close of $179.78, as of 31 Oct 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. 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 does not say how likely the fair value is to be right.
What is WEX's fair value?
$149.96 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $82.02 to $235.36.
What price range does the model give WEX?
$159.66 to $208.00 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does WEX report earnings next?
The next report is scheduled for 3 Feb 2027. Companies can move their dates.
How much has WEX moved on past earnings reports?
Across its last 8 reports the median two session move was 5.6%, ignoring direction. The largest was -17.5% around the report of 5 Feb 2025.
How confident is the model in this valuation?
The model's evidence grade for WEX is low. 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.
The model's own ideas on WEX
The model holds no idea open on WEX today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on WEX with their outcomes. A free account is enough.