# WEX Inc. (WEX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Software. Price $193.91, market value $6.6 billion.

## Valuation
- **P/E (trailing): 19.3×** (5-yr avg 27.2×, 3-yr avg 24.2×). WEX Inc. trades at 19.3× trailing earnings, well below its own five-year average of 27.2×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 9.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.71**. A PEG of 0.71 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.1×**. Each dollar of revenue is priced at 3.1×.
- **Price / book: 4.9×**. The shares trade at 4.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.1×**. Enterprise value is 10.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 1.6%** (5-yr avg 5.1%). Free cash flow equals 1.6% of the market value, below its five-year average of 5.1%, so the shares are pricier on cash than usual.
- **Earnings yield: 5.2%**. The inverse of the P/E: 5.2% of the price is earned each year.

## Profitability
- **Operating margin: 32.9%**. 32.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 16.5%**. 16.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 24.6%**. 24.6% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 10.8%**. Return on all capital, debt included, is 10.8%.
- **Return on assets: 2.4%**. Each dollar of assets produces 2.4% of profit.

## Growth
- **Revenue growth (1 yr): -1.2%** (3-yr 3.0%/yr, 5-yr 10.3%/yr). Revenue fell 1.2% over the last year, against 10.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 12.9%** (3-yr 23.5%/yr). Earnings per share rose 12.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -17.9%/yr**. Free cash flow has compounded at -17.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 3.94**. Debt is 3.94 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.8×**. It would take 3.8 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 0.70**. A Z-score of 0.70 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. WEX Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover WEX Inc.; the consensus is buy, with an average price target of $192.40 (-1% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 11.9%** (YTD 30.2%, 3-mo 30.8%). The shares are up 11.9% over twelve months including dividends.
- **From 52-week high: -4.9%** (54.8% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.57** (volatility 40%). Beta of 0.57 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WEX · Page: https://foliofundamentals.com/stocks/wex

Not investment advice.