What is WOR's intrinsic value?

TickerWorth's valuation lenses put Worthington Enterprises, Inc. (WOR) between $29.14 and $94.58 per share, versus a market price of $64.51. They disagree too widely for us to state a single fair value, so we publish the range.

Is WOR overvalued or undervalued?

At $64.51 the price sits inside a range too wide to call either way. We don't call WOR overvalued or undervalued from a range this wide. This is an educational estimate, not advice.

What discount rate is used for WOR?

A WACC of 10.6% and a terminal growth rate of 2.5%.

Is Worthington Enterprises stock undervalued?

TickerWorth's fair-value range for Worthington Enterprises, Inc. (WOR) is $29.14 – $94.58 against a market price of $64.51. 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.

Worthington Enterprises (WOR) DCF valuation and fair value

Our fair-value range for Worthington Enterprises, Inc. (WOR) is $29.14 – $94.58, built on a 10.6% 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 Worthington Enterprises stock?

no growth rate up to 300%/yr justifies the price under these economics 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 $64.51. A model estimate, not investment advice.

Worthington Enterprises (WOR) insider trading

We have no recent SEC Form 4 insider filings on file for Worthington Enterprises, Inc. (WOR). Form 4 covers US-listed companies only.

WOR · Intrinsic value

Is Worthington Enterprises, Inc. (WOR) overvalued or undervalued?

Name: Worthington Enterprises, Inc. (WOR) DCF intrinsic value
Creator: TickerWorth

As of Oct 19, 2026, TickerWorth's valuation lenses put Worthington Enterprises, Inc. (WOR) at $29.14 – $94.58, too broad a range to say where the delayed market price of $64.51 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 a hand-researched model · Updated Oct 19, 2026 · How these pages are made

Open full WOR analysis

What is WOR worth?

Fair-value range: $29.14 – $94.58
Market price: $64.51
Gap to fair value: —
Verdict: Too wide to call

Price as of 19 Oct 2026, 16:20 UTC · Prices are delayed.Our valuation lenses disagree too widely on this company for us to publish a single number, so we publish the range instead. We do not call it over- or undervalued from a spread this wide.

Fair-value range against the delayed market price: Too wide to call.

Reverse DCF: no growth rate up to 300%/yr justifies the price under these economics

What is WOR's TickerWorth Score?

C54/100

Middle of the pack — real strengths and real weaknesses

Compared with Industrials companies in US

Its strongest point: recent price trend has been strong. Its weakest: profitability is weak.

Value · 52 of 100
Cheaper than 52% of Industrials companies in US
Price vs worth · 41 of 100
Quality · 42 of 100
More profitable than 42% of Industrials companies in US
Financial health · 64 of 100
Financially stronger than 64% of Industrials companies in US
Growth · 52 of 100
Growing faster than 52% of Industrials companies in US
Momentum · 86 of 100
Outperformed 86% of Industrials companies in US over the past year

Confidence: Medium confidence · Scored 19 Oct 2026, 16:20 UTC

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Where the numbers come from

Hand-researched model

What the modeller flagged

THE MODEL LANDS ~33% BELOW TODAY'S PRICE - THE OPPOSITE OF THE AUTOMATIC MODEL'S ~+96% READ. The wholly-owned operations are worth ~$856M of enterprise value (~6.4x FY2026 GAAP EBITDA of $133.5M) at a 10.58% WACC; the JV stakes add ~$1,400M. Today's price needs any ONE of: the JVs valued at ~20x after-tax earnings (~15.4x pre-tax) instead of 11.8x - roughly what Armstrong World Industries itself trades on (WAVE at AWI's ~16.5x EBITDA gives ~$58.40/share); or a beta of ~0.66 (WACC ~8.2%); or an operating margin of ~14.3% from FY2028 (double the 7.2% end-point); or terminal growth of ~5.1%. See what_market_believes.
~70% OF THE VALUE IS THE JV STAKES, AND THEY DO NOT MOVE WITH THE WACC SLIDER. Their value is fixed in market.net_debt at the 11.17% cost of equity; the site's WACC/growth grid ($36.94-$48.28) flexes only the operating DCF. A lower discount rate would lift the JVs too: beta 1.086 gives ~$43.70 with both re-capitalized.
TERMINAL VALUE IS ~73% OF OPERATING ENTERPRISE VALUE, and the JV values are themselves perpetuities - so ~90% of the total ($2.26B of operating EV + JVs) rests on years after FY2031. Implied exit multiple ~5.9x FY2031 operating EBITDA (depreciation only).
YEAR-1 FCF (~$37M) IS ~78% BELOW REPORTED FY2026 FCF ($170.2M). This is classification, not a forecast: reported FCF includes $140.0M of JV distributions that this model values in the bridge, and the house treatment keeps ~$21M of non-cash amortization inside EBIT. The wholly-owned business alone generated roughly $62M in FY2026 after $25M of one-off modernization capex.
REVENUE GROWTH ALONE CANNOT CLOSE THE GAP IN THIS MODEL: at a ~7% margin with 19 cents of working capital per new sales dollar, faster five-year growth leaves value roughly unchanged (6% a year from FY2028 gives ~$40.30), because the cash tied up in working capital offsets the extra profit inside the horizon. The engine's flat-growth reverse solve therefore has no answer; the margin, discount-rate and JV-multiple solves above are the meaningful ones.
NO GUIDANCE EXISTS. Worthington gives no revenue, margin or capex outlook; Year 1 is built from Q1 FY2027 actuals, the 10-K pro-forma, and management commentary. The 2026-11-10 Investor Day (first since 2023) is likely to publish targets that should be checked against this path.
CLARKDIETRICH IS NORMALIZED, NOT TAKEN AT ITS LAST YEAR. Its income fell 73% in three years as steel-framing spreads compressed; $35M is a judgement between the trough and the six-year average. TTM would take ~$2.10/share off; the six-year average would add ~$3.25.
ON THE AUTOMATIC MODEL'S ~+96% FIGURE: not reproducible. Re-running TickerWorth's automatic build locally on 2026-10-06 gives ~$6.70/share (~-89%), because it values only reported operating income (5.52% margin, flat-to-falling) and has no line for the JV stakes that earn ~64% of pretax profit. The +96% read appears to be a stale automatic result; both it and the rebuild miss the JVs.

Why WOR gets a range, not one number

At a recent price of $64.51, Worthington Enterprises, Inc. (WOR) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between $29.14 and $94.58 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 Worthington Enterprises, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 10.6%, with a long-run terminal growth rate of 2.5%. About 73% 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.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, WOR's modeled DCF value ranges from about $36.94 to $48.28 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 Worthington Enterprises, 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 WOR's intrinsic value. Figures update as new filings and prices come in.

Every input behind WOR's DCF

Input	Value	Source
Base-year revenueWorthington Enterprises FY2026 10-K (accession 0001193125-26-325872, filed 2026-07-30), fiscal year ended 2026-05-31, Consolidated Statements of Earnings: Net sales $1,381.3M, +19.7% on FY2025's $1,153.8M. CONTINUING OPERATIONS ONLY: the steel-processing business was spun off as Worthington Steel (NYSE: WS) on 2023-12-01 and is reported as discontinued for all periods, so FY2024 ($1,245.7M), FY2025 and FY2026 are all post-spin figures. Segments: Building Products (renamed Building Performance Solutions on 2026-09-15) $861.5M (+31.7%, of which $121.7M from the Elgen and LSI acquisitions) and Consumer Products (renamed Trade & Specialty Solutions) $519.8M (+4.0%). Organic growth ~9%. Elgen (HVAC components, acquired 2025-06-18, $90.7M) and LSI (metal-roof clips, acquired 2026-01-16, $206.6M) were in the base for only part of the year: the 10-K pro-forma (Note P) puts full-year FY2026 sales at $1,426.3M, i.e. ~$45M of acquisition carry falls into Year 1. NOT IN REVENUE: the WAVE (50%) and ClarkDietrich (25%) joint ventures are unconsolidated - their ~$1.7B of combined sales never reach this line; see market.net_debt for how their value enters. CROSS-CHECK on the latest quarter (Q1 FY2027 release, 8-K Ex-99.1, accession 0001193125-26-397953, 2026-09-22): sales $343.9M, +13.2% (acquisitions +$19.2M, organic +6.9%); trailing twelve months to 2026-08-31 $1,421.5M.	$1,381,300,000	Worthington Enterprises FY2026 10-K (accession 0001193125-26-325872, filed 2026-07-30), fiscal year ended 2026-05-31, Consolidated Statements of Earnings: Net sales $1,381.3M, +19.7% on FY2025's $1,153.8M. CONTINUING OPERATIONS ONLY: the steel-processing business was spun off as Worthington Steel (NYSE: WS) on 2023-12-01 and is reported as discontinued for all periods, so FY2024 ($1,245.7M), FY2025 and FY2026 are all post-spin figures. Segments: Building Products (renamed Building Performance Solutions on 2026-09-15) $861.5M (+31.7%, of which $121.7M from the Elgen and LSI acquisitions) and Consumer Products (renamed Trade & Specialty Solutions) $519.8M (+4.0%). Organic growth ~9%. Elgen (HVAC components, acquired 2025-06-18, $90.7M) and LSI (metal-roof clips, acquired 2026-01-16, $206.6M) were in the base for only part of the year: the 10-K pro-forma (Note P) puts full-year FY2026 sales at $1,426.3M, i.e. ~$45M of acquisition carry falls into Year 1. NOT IN REVENUE: the WAVE (50%) and ClarkDietrich (25%) joint ventures are unconsolidated - their ~$1.7B of combined sales never reach this line; see market.net_debt for how their value enters. CROSS-CHECK on the latest quarter (Q1 FY2027 release, 8-K Ex-99.1, accession 0001193125-26-397953, 2026-09-22): sales $343.9M, +13.2% (acquisitions +$19.2M, organic +6.9%); trailing twelve months to 2026-08-31 $1,421.5M.
Base EBIT marginWorthington Enterprises FY2026 10-K (accession 0001193125-26-325872) Consolidated Statements of Earnings: GAAP operating income $76.2M / $1,381.3M = 5.52%. This is the WHOLLY-OWNED business only: gross profit $378.3M - SG&A $295.0M - restructuring $7.1M. It deliberately EXCLUDES the $134.6M of equity income from the joint ventures, which Worthington books below operating income (and which is ~64% of FY2026 pretax earnings of $201.3M); that value is added in the bridge instead, so nothing is counted twice. Unallocated corporate cost (~$32M a year) stays inside this margin. Adding back the $7.1M restructuring and $5.2M inventory step-up from the acquisitions gives ~6.4%. History on the same line: FY2024 -5.9% and FY2025 -0.9% (goodwill/intangible impairments of $33.0M and $50.8M, deconsolidation losses, separation costs) - so FY2026 is the first clean post-spin year, not a peak. Intangible amortization ($17.1M, 1.2% of sales) stays inside EBIT. CROSS-CHECK: Q1 FY2027 operating income $13.0M on $343.9M = 3.8% (Q1 FY2026: 3.0%); Q1 is seasonally the weakest quarter and this one included a ~$4.0M net IEEPA tariff refund. TTM to 2026-08-31: $80.0M on $1,421.5M = 5.6%.	5.5%	Worthington Enterprises FY2026 10-K (accession 0001193125-26-325872) Consolidated Statements of Earnings: GAAP operating income $76.2M / $1,381.3M = 5.52%. This is the WHOLLY-OWNED business only: gross profit $378.3M - SG&A $295.0M - restructuring $7.1M. It deliberately EXCLUDES the $134.6M of equity income from the joint ventures, which Worthington books below operating income (and which is ~64% of FY2026 pretax earnings of $201.3M); that value is added in the bridge instead, so nothing is counted twice. Unallocated corporate cost (~$32M a year) stays inside this margin. Adding back the $7.1M restructuring and $5.2M inventory step-up from the acquisitions gives ~6.4%. History on the same line: FY2024 -5.9% and FY2025 -0.9% (goodwill/intangible impairments of $33.0M and $50.8M, deconsolidation losses, separation costs) - so FY2026 is the first clean post-spin year, not a peak. Intangible amortization ($17.1M, 1.2% of sales) stays inside EBIT. CROSS-CHECK: Q1 FY2027 operating income $13.0M on $343.9M = 3.8% (Q1 FY2026: 3.0%); Q1 is seasonally the weakest quarter and this one included a ~$4.0M net IEEPA tariff refund. TTM to 2026-08-31: $80.0M on $1,421.5M = 5.6%.
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	8% → 5% → 4% → 4% → 4%	ESTIMATEAssumption — TickerWorth's 5-year explicit forecast
Risk-free rateUS 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation; the program-wide rate shared by every researched model in this run.	5.2%	US 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation; the program-wide rate shared by every researched model in this run.
BetaYahoo Finance 5Y-monthly beta via yfinance, read 2026-10-05: Published 5Y-monthly beta 1.186, used AS IS. Caveat: the five-year window straddles the 2023-12-01 steel spin-off, so roughly half the return history is the old Worthington Industries with a steel-processing business (Worthington Steel's own beta is 2.2). That argues the clean post-spin business may be less volatile than 1.19 - but there are not yet five years of post-spin monthly data to prove it, and a consumer/construction-products company with steel inputs is not a utility, so no normalization. It also sets the capitalization rate for the joint-venture stakes (cost of equity 11.17%), so it moves value twice: each 0.1 of beta is ~$2.50-2.85/share in total (~$1.00 operations, the rest JVs): 1.086 gives ~$43.70, 1.286 ~$38.35.	1.19	Yahoo Finance 5Y-monthly beta via yfinance, read 2026-10-05: Published 5Y-monthly beta 1.186, used AS IS. Caveat: the five-year window straddles the 2023-12-01 steel spin-off, so roughly half the return history is the old Worthington Industries with a steel-processing business (Worthington Steel's own beta is 2.2). That argues the clean post-spin business may be less volatile than 1.19 - but there are not yet five years of post-spin monthly data to prove it, and a consumer/construction-products company with steel inputs is not a utility, so no normalization. It also sets the capitalization rate for the joint-venture stakes (cost of equity 11.17%), so it moves value twice: each 0.1 of beta is ~$2.50-2.85/share in total (~$1.00 operations, the rest JVs): 1.086 gives ~$43.70, 1.286 ~$38.35.
Terminal growthESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability; also used to capitalize the JV earnings in the bridge. Neither generous nor stingy: management's long-term organic framework is 3-4%, but that includes pricing in steel-intensive categories. 3.0% adds ~$2.80/share across operations and JVs; 2.0% takes ~$2.50 off. Must remain < WACC of ~10.6%.	2.5%	ESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability; also used to capitalize the JV earnings in the bridge. Neither generous nor stingy: management's long-term organic framework is 3-4%, but that includes pricing in steel-intensive categories. 3.0% adds ~$2.80/share across operations and JVs; 2.0% takes ~$2.50 off. Must remain < WACC of ~10.6%.
Diluted sharesWorthington Enterprises Q1 FY2027 earnings release, 8-K Ex-99.1 (accession 0001193125-26-397953) Consolidated Statements of Earnings: Q1 FY2027 (quarter to 2026-08-31) weighted-average diluted shares 49,165 thousand (basic 48,568K; Q1 FY2026 diluted 50,026K). The Q1 10-Q was not yet filed on 2026-10-06, so the release's statement of earnings is the source. 48,934,416 shares were outstanding at 2026-07-23 (10-K cover), before the Q1 buyback. One class of stock.	49M	Worthington Enterprises Q1 FY2027 earnings release, 8-K Ex-99.1 (accession 0001193125-26-397953) Consolidated Statements of Earnings: Q1 FY2027 (quarter to 2026-08-31) weighted-average diluted shares 49,165 thousand (basic 48,568K; Q1 FY2026 diluted 50,026K). The Q1 10-Q was not yet filed on 2026-10-06, so the release's statement of earnings is the source. 48,934,416 shares were outstanding at 2026-07-23 (10-K cover), before the Q1 buyback. One class of stock.
Market priceDelayed quote · as of 2026-10-19 16:20 UTC	$64.51	Delayed quote · as of 2026-10-19 16:20 UTC

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What does Worthington Enterprises, Inc. do?

What does it do?

Worthington Enterprises, Inc. operates as an industrial manufacturing company. It operates in the Metal Fabrication industry (Industrials sector), headquartered in United States. The company employs roughly 4,000 people.

How does it make money?

The business turns $1.4B in annual revenue into profit. Out of every $100 of sales, about $4 is left as operating profit (operating margin of 4.0%), after a 27% gross margin on the products/services it sells. After all costs, taxes and interest, 11.5% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks mixed: carries modest debt (0.3× equity), comfortably covers its short-term bills (2.7× current ratio), and is currently profitable.

WOR insider trading

We have no recent SEC Form 4 insider filings on file for Worthington Enterprises, Inc.. Form 4 covers US-listed companies only.

Common questions

What is WOR's intrinsic value?
TickerWorth's valuation lenses put Worthington Enterprises, Inc. (WOR) between $29.14 and $94.58 per share, versus a market price of $64.51. They disagree too widely for us to state a single fair value, so we publish the range.
Is WOR overvalued or undervalued?
At $64.51 the price sits inside a range too wide to call either way. We don't call WOR overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for WOR?
A WACC of 10.6% and a terminal growth rate of 2.5%.
Is Worthington Enterprises stock undervalued?
TickerWorth's fair-value range for Worthington Enterprises, Inc. (WOR) is $29.14 – $94.58 against a market price of $64.51. 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.
Worthington Enterprises (WOR) DCF valuation and fair value
Our fair-value range for Worthington Enterprises, Inc. (WOR) is $29.14 – $94.58, built on a 10.6% 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 Worthington Enterprises stock?
no growth rate up to 300%/yr justifies the price under these economics 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 $64.51. A model estimate, not investment advice.
Worthington Enterprises (WOR) insider trading
We have no recent SEC Form 4 insider filings on file for Worthington Enterprises, Inc. (WOR). Form 4 covers US-listed companies only.