WEX Inc.

NYSE:WEX Stock Report

Market Cap: US$7.1b

WEX Valuation

Is WEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: WEX ($174.83) is trading below our estimate of fair value ($361.79)

Significantly Below Fair Value: WEX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WEX?

Key metric: As WEX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for WEX. This is calculated by dividing WEX's market cap by their current earnings.
What is WEX's PE Ratio?
PE Ratio21x
EarningsUS$330.60m
Market CapUS$7.05b

Price to Earnings Ratio vs Peers

How does WEX's PE Ratio compare to its peers?

The above table shows the PE ratio for WEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.5x
EEFT Euronet Worldwide
13.3x8.0%US$4.4b
FOUR Shift4 Payments
59.3x29.0%US$9.5b
JKHY Jack Henry & Associates
31.7x8.6%US$12.5b
PAY Paymentus Holdings
97.6x22.9%US$4.0b
WEX WEX
21x20.7%US$7.1b

Price-To-Earnings vs Peers: WEX is good value based on its Price-To-Earnings Ratio (21x) compared to the peer average (50.5x).

Price to Earnings Ratio vs Industry

How does WEX's PE Ratio compare vs other companies in the US Diversified Financial Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FOA Finance of America Companies
1.7x-136.3%US$728.96m
PMIR PMI Group
0.09xn/aUS$518.61k
ACGX Alliance Creative Group
1.9xn/aUS$467.92k
No more companies available in this PE range
WEX 21.0xIndustry Avg. 18.5xNo. of Companies12PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WEX is expensive based on its Price-To-Earnings Ratio (21x) compared to the US Diversified Financial industry average (18.5x).

Price to Earnings Ratio vs Fair Ratio

What is WEX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WEX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: WEX is expensive based on its Price-To-Earnings Ratio (21x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WEX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$174.83
US$203.16
+16.2%
10.8%US$260.00US$170.00n/a13
Jan ’26US$175.32
US$205.24
+17.1%
12.0%US$260.00US$170.00n/a13
Dec ’25US$188.66
US$206.93
+9.7%
12.2%US$260.00US$170.00n/a13
Nov ’25US$173.79
US$207.62
+19.5%
12.3%US$260.00US$170.00n/a13
Oct ’25US$209.37
US$222.08
+6.1%
13.6%US$285.00US$190.00n/a14
Sep ’25US$191.02
US$225.08
+17.8%
14.0%US$285.00US$190.00n/a14
Aug ’25US$180.17
US$227.74
+26.4%
13.6%US$285.00US$190.00n/a15
Jul ’25US$175.46
US$248.79
+41.8%
11.6%US$285.00US$190.00n/a14
Jun ’25US$187.32
US$254.85
+36.0%
8.5%US$285.00US$220.00n/a13
May ’25US$209.41
US$254.85
+21.7%
8.5%US$285.00US$220.00n/a13
Apr ’25US$237.31
US$242.15
+2.0%
8.2%US$275.00US$210.00n/a13
Mar ’25US$220.12
US$237.71
+8.0%
7.8%US$272.00US$210.00n/a14
Feb ’25US$206.30
US$223.00
+8.1%
12.2%US$262.00US$180.00n/a14
Jan ’25US$194.55
US$216.86
+11.5%
12.0%US$262.00US$180.00US$175.3214
Dec ’24US$181.87
US$217.07
+19.4%
13.2%US$275.00US$180.00US$188.6614
Nov ’24US$169.11
US$217.07
+28.4%
13.2%US$275.00US$180.00US$173.7914
Oct ’24US$188.09
US$228.42
+21.4%
11.3%US$275.00US$194.00US$209.3712
Sep ’24US$200.47
US$225.23
+12.4%
10.0%US$270.00US$194.00US$191.0213
Aug ’24US$191.93
US$224.08
+16.7%
10.0%US$270.00US$194.00US$180.1713
Jul ’24US$182.07
US$218.00
+19.7%
11.7%US$270.00US$180.00US$175.4612
Jun ’24US$169.35
US$219.31
+29.5%
11.4%US$270.00US$180.00US$187.3213
May ’24US$174.06
US$219.31
+26.0%
11.4%US$270.00US$180.00US$209.4113
Apr ’24US$183.89
US$216.62
+17.8%
9.8%US$260.00US$185.00US$237.3113
Mar ’24US$193.78
US$218.92
+13.0%
8.8%US$260.00US$192.00US$220.1213
Feb ’24US$190.32
US$193.77
+1.8%
8.4%US$230.00US$157.00US$206.3013
Jan ’24US$163.65
US$184.77
+12.9%
8.4%US$213.00US$157.00US$194.5513

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 01:38
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

WEX Inc. is covered by 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David KoningBaird
Ramsey El-AssalBarclays
Mihir BhatiaBofA Global Research