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Willdan Group (WLDN) recently announced a $112 million energy savings performance contract with the City of San Diego, a sizable win that investors may focus on when considering future backlog and earnings visibility.
See our latest analysis for Willdan Group.
After this contract announcement, Willdan’s 1 day share price return of 4.29% and 90 day share price return of 22.38% sit alongside a very large 3 year total shareholder return. This suggests momentum has recently picked up following a softer 30 day share price return of 9.19%.
If this kind of contract win has caught your attention, it could be a good time to scan the grid and infrastructure theme with our power grid technology and infrastructure stocks screener, starting with 25 power grid technology and infrastructure stocks.
With Willdan now trading at $117.33, showing a very large 3-year total shareholder return and a quoted 41% intrinsic discount plus potential upside to analyst targets, is there still a genuine opportunity here, or is the market already pricing in future growth?
Willdan Group’s most followed narrative pegs fair value at $145 per share, compared with the latest close of $117.33, framing a sizable valuation gap for investors to weigh.
Ongoing investments and planning for grid modernization, combined with the company’s strong reputation with utility commissions and government agencies, position Willdan to benefit disproportionately from federal/state decarbonization mandates and infrastructure modernization initiatives, supporting sustained revenue and EBITDA growth over the long term.
Curious what kind of revenue runway and margin profile are baked into that $145 figure, and how rich the future earnings multiple needs to be to get there? The narrative leans heavily on expanding energy work, firm contract duration, and a premium P/E that sits above many peers. If you want to see exactly which growth and profitability assumptions have to line up to support that fair value, the full story lays out the numbers in black and white.
Result: Fair Value of $145 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, that story can change quickly if policy driven energy funding slows, or if rising G&A and acquisition costs weigh more heavily on future profitability.
Find out about the key risks to this Willdan Group narrative.
Those fair value arguments sit alongside a much tougher read from the market multiple. At a P/E of 41.7x, Willdan trades well above the US Professional Services industry at 19.1x and above its own fair ratio of 25.4x, which means any slip in execution could hit the share price hard.
To see what the numbers say about this price, find out in our valuation breakdown, starting with See what the numbers say about this price — find out in our valuation breakdown..
NasdaqGM:WLDN P/E Ratio as at Feb 2026
If parts of this view do not sit right with you, or you simply prefer to weigh the numbers yourself, you can build a custom thesis in minutes, starting with Do it your way.
A good starting point is our analysis highlighting 3 key rewards investors are optimistic about regarding Willdan Group.
You have already done the work on Willdan, so do not stop short of scanning a few more angles that could round out your watchlist.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include WLDN.
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