Workday, Inc.

WBAG:WDAY Stock Report

Market Cap: €38.6b

Workday Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow 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 WDAY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: WDAY (€160.48) is trading below our estimate of future cash flow value (€324.23)

Significantly Below Future Cash Flow Value: WDAY is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WDAY. This is calculated by dividing WDAY's market cap by their current earnings.
What is WDAY's PE Ratio?
PE Ratio35.8x
EarningsUS$1.25b
Market CapUS$44.84b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WDAY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.8x
ADSK Autodesk
26.9x13.46%US$43.2b
CSU Constellation Software
44x14.87%CA$59.4b
ROP Roper Technologies
15.4x-7.14%US$39.1b
CDNS Cadence Design Systems
56.9x12.59%US$78.4b
WDAY Workday
35.7x15.27%€44.8b

Price-To-Earnings vs Peers: WDAY is good value based on its Price-To-Earnings Ratio (35.7x) compared to the peer average (35.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does WDAY's PE Ratio compare vs other companies in the European Software Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
WDAY 35.8xIndustry Avg. 22.5xNo. of Companies29PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WDAY is expensive based on its Price-To-Earnings Ratio (35.7x) compared to the European Software industry average (22.5x).

Price to Earnings Ratio vs Fair Ratio

What is WDAY'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.

WDAY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate WDAY's Price-To-Earnings Fair Ratio for valuation analysis.

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 WDAY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€160.48
€179.72
+11.99%
15.11%€236.83€79.23n/a38
Sep ’27n/a
€178.25
0%
15.41%€236.69€79.18n/a38
Aug ’27n/a
€148.32
0%
20.55%€241.86€80.91n/a39
Jul ’27n/a
€149.30
0%
19.24%€240.68€100.65n/a39
Jun ’27n/a
€147.19
0%
19.32%€236.53€98.91n/a38
May ’27n/a
€153.36
0%
24.12%€256.71€98.41n/a38
Apr ’27n/a
€157.45
0%
23.62%€260.52€99.87n/a38
Mar ’27n/a
€159.97
0%
27.52%€276.12€97.41n/a38
Feb ’27n/a
€228.56
0%
10.57%€274.88€178.30n/a39
Jan ’27n/a
€234.63
0%
9.11%€277.26€195.62n/a39
Dec ’26n/a
€238.96
0%
8.95%€280.95€198.21n/a37
Nov ’26n/a
€243.05
0%
8.28%€292.91€198.15n/a37
Oct ’26n/a
€240.57
0%
8.28%€289.92€196.12n/a37
Sep ’26n/a
€240.42
0%
9.89%€292.33€189.16n/a35
Aug ’26n/a
€252.34
0%
9.32%€289.48€200.08n/a36
Jul ’26n/a
€252.51
0%
8.78%€288.66€212.25n/a37
Jun ’26n/a
€262.11
0%
8.67%€299.47€220.20n/a38
May ’26n/a
€262.21
0%
10.01%€305.58€201.96n/a36
Apr ’26n/a
€288.20
0%
7.54%€332.75€231.08n/a37
Mar ’26n/a
€302.04
0%
8.40%€347.11€241.05n/a37
Feb ’26n/a
€284.06
0%
7.96%€335.51€231.98n/a36
Jan ’26n/a
€282.04
0%
9.68%€337.72€192.98n/a36
Dec ’25n/a
€273.98
0%
9.13%€331.63€189.50n/a36
Nov ’25n/a
€266.79
0%
8.27%€323.23€184.70n/a35
Oct ’25n/a
€259.28
0%
8.38%€314.48€179.70n/a34
Sep ’25n/a
€258.23
0%
9.41%€312.94€178.82n/a34
€180.94
Fair Value
11.3% undervalued intrinsic discount
38
Number of Analysts

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 Analysis2026/09/10 19:25
End of Day Share Price 2026/09/09 00:00
Earnings2026/07/31
Annual Earnings2026/01/31

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.

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 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 Github.

Analyst Sources

Workday, Inc. is covered by 69 analysts. 40 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark MarconBaird
Raimo LenschowBarclays
Mark MoerdlerBernstein