IESC · Intrinsic value
Is IES Holdings, Inc. (IESC) overvalued or undervalued?
As of Oct 20, 2026, TickerWorth's valuation lenses put IES Holdings, Inc. (IESC) at $72.97 – $351.80, too broad a range to say where the delayed market price of $250.82 sits in it, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 20, 2026 · How these pages are made
What is IESC worth?
- Fair-value range
- $72.97 – $351.80
- Market price
- $250.82
- Gap to fair value
- —
- Verdict
- Too wide to call
Reverse DCF: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.
What is IESC's TickerWorth Score?
A stronger business than most — but not cheap
Compared with Industrials companies in US
Its strongest point: growing quickly. Its weakest: trades above our estimate of what it's worth.
- Value · 49 of 100
Cheaper than 49% of Industrials companies in US
- Price vs worth · 40 of 100
- Quality · 59 of 100
More profitable than 59% of Industrials companies in US
- Financial health · 85 of 100
Financially stronger than 85% of Industrials companies in US
- Growth · 90 of 100
Growing faster than 90% of Industrials companies in US
- Momentum · 58 of 100
Outperformed 58% of Industrials companies in US over the past year
Confidence: Medium confidence · Scored
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Why IESC gets a range, not one number
At a recent price of $250.82, IES Holdings, Inc. (IESC) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between $72.97 and $351.80 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts IES Holdings, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 13.5%, with a long-run terminal growth rate of 2.5%. About 59% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — IESC would need sustained revenue growth of more than 25%/yr to justify today's price, against about 16.6% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, IESC's modeled DCF value ranges from about $154.20 to $226.06 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what IES Holdings, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of IESC's intrinsic value. Figures update as new filings and prices come in.
Every input behind IESC's DCF
| Input | Value |
|---|---|
| Base-year revenueIES Holdings, Inc. FY2024 10-K (accession 0001048268-25-000174): us-gaap:Revenues, FY2024 full year. | $3,371,470,000 |
| Base EBIT marginIES Holdings, Inc. FY2024 10-K (accession 0001048268-25-000174): us-gaap:OperatingIncomeLoss 383,529,000 / revenue 3,371,468,000 = 11.38%, FY2024. | 11.4% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 30% → 24% → 17% → 10% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.2% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.77 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesIES Holdings, Inc. FY2024 10-K (accession 0001048268-25-000174): WeightedAverageNumberOfDilutedSharesOutstanding = 20,182,797 shares, FY2024. | 20M |
| Market priceBackup price feed · as of 2026-10-20 05:40 UTC | $250.82 |
Change IESC's assumptions
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What does IES Holdings, Inc. do?
What does it do?
IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services in the United States. It operates in the Engineering & Construction industry (Industrials sector), headquartered in United States. The company employs roughly 10,262 people.
How does it make money?
The business turns $3.4B in annual revenue into profit. Out of every $100 of sales, about $14 is left as operating profit (operating margin of 14.4%), after a 26% gross margin on the products/services it sells. After all costs, taxes and interest, 11.4% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.1× equity), comfortably covers its short-term bills (1.6× current ratio), and is currently profitable.
Who at IESC filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Janzen Kelly | Director | Grant / award | — | Form 4 for Janzen Kelly (opens sec.gov in a new tab) | |
| Cleveland Todd M | Director | Grant / award | — | Form 4 for Cleveland Todd M (opens sec.gov in a new tab) | |
| Fouts John Louis | Director | Grant / award | — | Form 4 for Fouts John Louis (opens sec.gov in a new tab) | |
| Gendell David B. | Director | Grant / award | — | Form 4 for Gendell David B. (opens sec.gov in a new tab) | |
| Koshkin Joe D | Director | Grant / award | — | Form 4 for Koshkin Joe D (opens sec.gov in a new tab) | |
| Baldock Jennifer A | Director | Grant / award | — | Form 4 for Baldock Jennifer A (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is IESC's intrinsic value?
TickerWorth's valuation lenses put IES Holdings, Inc. (IESC) between $72.97 and $351.80 per share, versus a market price of $250.82. They disagree too widely for us to state a single fair value, so we publish the range.
Is IESC overvalued or undervalued?
At $250.82 the price sits inside a range too wide to call either way. We don't call IESC overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for IESC?
A WACC of 13.5% and a terminal growth rate of 2.5%.
Is IES stock undervalued?
TickerWorth's fair-value range for IES Holdings, Inc. (IESC) is $72.97 – $351.80 against a market price of $250.82. Too wide to call. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
IES (IESC) DCF valuation and fair value
Our fair-value range for IES Holdings, Inc. (IESC) is $72.97 – $351.80, built on a 13.5% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into IES stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $250.82. A model estimate, not investment advice.
IES (IESC) insider trading
The most recent insider filing (SEC Form 4) for IES Holdings, Inc. (IESC): Janzen Kelly, Director, grant / award on 2026-10-01. The latest filings are listed on this page. A disclosure, not a signal to trade.
Other ways into the coverage
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.