How is WELLS FARGO & COMPANY/MN (WFC)'s fair value calculated?

WELLS FARGO & COMPANY/MN (WFC)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples such as PE and EV/EBITDA — using data from SEC filings. P/B is optional for non-financial companies and included in the preset range for financial sectors.

Which filing are WELLS FARGO & COMPANY/MN (WFC)'s valuation inputs based on?

Inputs come from the FY2025 10-K filed 2026-02-24 (accession 0000072971-26-000133). Source: https://www.sec.gov/Archives/edgar/data/72971/000007297126000133/

Fair value · WELLS FARGO & COMPANY/MN (WFC) · updated 2026-10-28 · from 10-K FY2025

WELLS FARGO & COMPANY/MN trades at $83.67. That price implies a P/E of 11.8× and 16.6% yearly EPS growth for a decade.

Name: WELLS FARGO & COMPANY/MN (WFC) valuation inputs and fair-value methods
Creator: EvidInvest
License: https://evidinvest.com/subscription-terms

Cboe · delayed 15 min · as of 16:20 ET

Are those assumptions reasonable? Use WFC’s filed growth history and the AI chat to decide, then set your own inputs below — the range you build is yours.

What the price implies

P/E: 11.8×
EPS growth: 16.6%

Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from company filings. This price: Cboe · delayed 15 min · as of 16:20 ET.

With preset inputs the methods land at $79 – $105 (presets are filed history and our reference settings, not a recommendation)

Price $83.67

Bear $79Base $91Bull $105

Set your own assumptions ↓See how each method got its number Check another stock

With EvidInvest's preset inputs, 4 valuation methods put WELLS FARGO & COMPANY/MN (WFC)'s fair value between $79.40 and $105.14 per share (25th–75th percentile of the methods), against a price of $83.67 on 2026-10-28. Inputs come from the FY2025 10-K filed 2026-02-24 (accession 0000072971-26-000133); set your own on the sliders below. Research, not investment advice.

How each method got its number

Bear, base and bull are the 25th, 50th and 75th percentile of the methods that produced a usable estimate. Weights say how much a method is trusted for this sector; they do not change the range.

Method	Estimate	vs price	Weight	Why this method
DCF High weight Projects free cash flow for the coming years and discounts it back to today. The most complete method, and the most sensitive to the growth and discount-rate assumptions.	$64	-23%	High weight	Projects free cash flow for the coming years and discounts it back to today. The most complete method, and the most sensitive to the growth and discount-rate assumptions.
P/E vs sector Medium weight Trailing diluted EPS times the sector median P/E. What the stock would be worth if the market priced it like an average peer.	$84	+1%	Medium weight	Trailing diluted EPS times the sector median P/E. What the stock would be worth if the market priced it like an average peer.
Graham Number High weight Benjamin Graham’s 1949 rule of thumb: √(22.5 × EPS × book value). It punishes asset-light companies, so it reads low for big tech.	$97	+16%	High weight	Benjamin Graham’s 1949 rule of thumb: √(22.5 × EPS × book value). It punishes asset-light companies, so it reads low for big tech.
Growth-trajectory DCF Medium weight A two-stage DCF that grows earnings at the company’s own EPS trend, then fades to the industry’s long-run rate. Two-stage DCF using weighted EPS CAGR and industry median terminal rate	$129	+54%	Medium weight	A two-stage DCF that grows earnings at the company’s own EPS trend, then fades to the industry’s long-run rate.
P/B vs sector High weight Sector median price-to-book times book value per share. Works for banks and asset-heavy businesses, says little about software. Sector P/B benchmark unavailable	No estimate		High weight	Sector median price-to-book times book value per share. Works for banks and asset-heavy businesses, says little about software.
EV/EBITDA Medium weight Values the whole business at 10× EBITDA and divides by the share count. A mid-cycle industrial multiple; fast growers trade far above it. Not applicable for financial companies	No estimate		Medium weight	Values the whole business at 10× EBITDA and divides by the share count. A mid-cycle industrial multiple; fast growers trade far above it.
EV/FCF Medium weight 20× free cash flow per share, i.e. a 5% cash yield. Reads low for companies the market expects to keep growing. Not applicable for financial companies	No estimate		Medium weight	20× free cash flow per share, i.e. a 5% cash yield. Reads low for companies the market expects to keep growing.
Earnings Power Value Low weight Greenwald’s Earnings Power Value: what current earnings are worth if they never grow. Everything above it is what you pay for growth. Not applicable for financial/REIT companies	No estimate		Low weight	Greenwald’s Earnings Power Value: what current earnings are worth if they never grow. Everything above it is what you pay for growth.

What this means

The methods land within about 32% of each other, so $79 to $105 is a tight read on what the filings support.
The base case, $91, is the median of the 4 methods with data. It assumes WELLS FARGO & COMPANY/MN’s current margins, cash generation and share count persist; it does not price in a new product cycle, a recession or a buyback surge.
The number moves when the filings move. The next 10-Q replaces the oldest quarter in the trailing-twelve-month EPS and cash-flow inputs; the last one (Q3 FY2026) was filed 2026-10-28. The price changes every day; the fair value only changes with the filings.

The filing behind these numbers

WELLS FARGO & COMPANY/MN

Revenue: $123.5B
Diluted EPS: $6.26
Free cash flow: $-19.0B; operating cash flow − capital expenditure
Diluted shares: 3.24B; weighted average

10-K FY2025 · fiscal year ended 2025-12-31 · filed 2026-02-24 · accession 0000072971-26-000133

Trailing-twelve-month EPS also uses the quarterly 10-Qs through Q3 FY2026 (filed 2026-10-28).

Open this filing on sec.gov

Valuation tool: build your own WFC range

Fair Value Summary

Daily Price — WFC

$82.66 -5.0% (1Y)

Range implied by today’s price4 of 8 methods

$79 – $84

Price $83.67

Bear $79Base $84Bull $84

Range with preset inputs

$79 – $105

Price $83.67

Bear $79Base $91Bull $105

Every method that could be solved backwards opens on the assumption today’s price makes, so the top range sits on the price — that is arithmetic, not a view. Change any input and it becomes yours.

We don’t tell you what WFC is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has WFC’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

$64.47per share

23% below the $83.67 price

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

Starting free cash flow is not positive; the model has nothing to grow, so no growth rate reaches the price.

Not solvable from the price — Starting free cash flow is not positive; the model has nothing to grow, so no growth rate reaches the price. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what WFC has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth29.9%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%60.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth8.7%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)13.72%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $-305,804M · PV terminal $-269,360M · EV $-575,163M · equity $-599,767M

Year	Stage	FCF	Present value
1	Stage 1	$-24,682M	$-21,704M
2	Stage 1	$-32,062M	$-24,793M
3	Stage 1	$-41,649M	$-28,320M
4	Stage 1	$-54,102M	$-32,349M
5	Stage 1	$-70,278M	$-36,952M
6	Stage 2	$-76,393M	$-35,321M
7	Stage 2	$-83,039M	$-33,762M
8	Stage 2	$-90,263M	$-32,271M
9	Stage 2	$-98,116M	$-30,847M
10	Stage 2	$-106,652M	$-29,485M

Inputs from the filing

Free cash flow: $19.2B; sum of the last four quarters
EBIT: $25.2B; latest annual
Shares: 3.04B
Total debt: $197.2B
Cash: $172.6B
Net debt: $24.6B; debt − cash

10-K FY2025 · period ended 2025-12-31 · filed 2026-02-24 · accession 0000072971-26-000133 · sec.gov

Prefer a blank slate with reverse DCF? Open the standalone DCF / reverse DCF for WFC

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Download the full WFC valuation report (PDF) — free

DCF fair value, Graham number, EPV, key multiples and growth rates in one clean PDF.

Options positioning

Full options view: walls, IV term structure, smile →

1.61

Put/Call (OI)

put-heavy

0.60

Put/Call (volume)

25%

ATM IV ~30d

$100

Call wall

73k OI

$80

Put wall

117k OI

As of previous close (2026-10-27) · OPRA historical data · walls = largest open-interest strikes above/below spot · market-wide positioning

WELLS FARGO & COMPANY/MN trades at $83.67. That price implies a P/E of 11.8× and 16.6% yearly EPS growth for a decade.

How each method got its number

What this means

The filing behind these numbers

Valuation tool: build your own WFC range

Daily Price — WFC

Range implied by today’s price4 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

Options positioning

More on WFC

Compare with peers

From the blog

Explore

Valuation tool: build your own WFC range

Daily Price — WFC

Range implied by today’s price4 of 8 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

Options positioning

More on WFC

Compare with peers

From the blog

Explore