WNS (Holdings) Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: WNS ($50.86) is trading below our estimate of fair value ($64.6)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WNS. This is calculated by dividing WNS's market cap by their current earnings.
What is WNS's PE Ratio?
PE Ratio18.5x
EarningsUS$119.45m
Market CapUS$2.17b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WNS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.4x
CNXC Concentrix
13x50.9%US$2.4b
CSGS CSG Systems International
23.3x16.3%US$1.5b
TASK TaskUs
23.8x22.1%US$1.3b
VRRM Verra Mobility
37.4x23.5%US$3.8b
WNS WNS (Holdings)
18.5x16.7%US$2.2b

Price-To-Earnings vs Peers: WNS is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (20.1x).


Price to Earnings Ratio vs Industry

How does WNS's PE Ratio compare vs other companies in the US Professional Services Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNDT Conduent
1.3x-104.3%US$569.21m
CIH China Index Holdings
3.5xn/aUS$87.15m
ALJJ ALJ Regional Holdings
0.7xn/aUS$70.26m
STCN Steel Connect
3.2xn/aUS$62.29m
WNS 18.5xIndustry Avg. 23.8xNo. of Companies16PE01632486480+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WNS is good value based on its Price-To-Earnings Ratio (18.5x) compared to the US Professional Services industry average (23.7x).


Price to Earnings Ratio vs Fair Ratio

What is WNS'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.

WNS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio25.3x

Price-To-Earnings vs Fair Ratio: WNS is good value based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).


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 WNS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$50.86
US$57.00
+12.1%
9.7%US$66.00US$45.00n/a10
Nov ’25US$47.45
US$57.00
+20.1%
9.7%US$66.00US$45.00n/a10
Oct ’25US$50.99
US$66.30
+30.0%
9.1%US$73.00US$55.00n/a10
Sep ’25US$59.20
US$65.00
+9.8%
9.0%US$71.00US$55.00n/a10
Aug ’25US$58.56
US$65.00
+11.0%
9.0%US$71.00US$55.00n/a10
Jul ’25US$53.32
US$57.70
+8.2%
11.4%US$66.00US$44.00n/a10
Jun ’25US$50.21
US$57.70
+14.9%
11.4%US$66.00US$44.00n/a10
May ’25US$42.94
US$57.70
+34.4%
11.4%US$66.00US$44.00n/a10
Apr ’25US$51.10
US$75.71
+48.2%
7.3%US$81.00US$65.00n/a7
Mar ’25US$59.51
US$77.50
+30.2%
4.6%US$81.00US$72.00n/a6
Feb ’25US$72.04
US$77.33
+7.3%
4.0%US$80.00US$73.00n/a3

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


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