WEX Inc. (WEX) is a publicly traded company in the Technology — Software - Infrastructure industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
WEX Inc., a financial technology enterprise established in 1983 and headquartered in Portland, Maine, delivers diverse services across the United States and globally. The company, which operated as Wright Express Corporation until its name change in October 2012, structures its operations into three primary divisions. The Fleet Solutions segment specializes in comprehensive payment processing for vehicle fleets.
Is WEX Inc. stock overvalued or undervalued in 2026?
WEX Inc. (WEX) trades at 15.9× earnings (P/E), below the median of the 314 technology companies over $2bn in Kaplio's universe. At the decade median (39.0×) $453 (+146 %); at its sector median (32.0×) $372 (+102 %).
Kaplio overview: WEX Inc.
Market cap $6B · 52 weeks $127 – $203 (9 % below the high) · P/E 15.9× · 2027 expected P/E 8.6× · Dividend none · Next earnings February 3, 2027 · expected EPS $4.94 · Closing price, Oct 30 · accounts published Oct 28.
- Valuation: P/E 15.9× (cheap).
- Business: ROIC 8 % (fair).
- Balance sheet: Net debt/EBITDA 4.0× (fragile).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (39.0×) $453 (+146 %); at its sector median (32.0×) $372 (+102 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 2 of 8 pass
- 3y revenue growth 12.3 %, fails.
- Rule of 40 (SaaS only) 24, fails.
- Gross margin 54.9 %, fails.
- FCF / Revenue 11.8 %, fails.
- ROIC 8.2 %, fails.
- Net debt / EBITDA 4.0×, fails.
- SBC / Revenue 3.8 %, passes.
- EV/EBITDA vs own 5y 10.0×, passes.
Against its peers (reference peers) — WEX Inc.: P/E 15.9×; EV/EBITDA 10.0×; ROIC 8.2 %; $6.3B. Box, Inc. (P/E 62.4×; EV/EBITDA 33.7×; ROIC 16.9 %; $6.0B), ACI Worldwide, Inc. (P/E 25.8×; EV/EBITDA 13.6×; ROIC 10.3 %; $5.7B), Qualys, Inc. (P/E 38.8×; EV/EBITDA 27.6×; ROIC 30.2 %; $7.8B).
Expensive or cheap against its last ten years?
P/E at each close: today 15.9× · median 39.0× · minimum 11.0× · maximum 59.4× · cheap below 27.7× · expensive above 49.6×. It has been cheaper than today only 7% of the time over its last ten years.
Profitability
| Return on Equity | 32.33% |
| Return on Invested Capital | 8.22% |
| Return on Assets | 2.50% |
| Gross Margin | 57.58% |
| Operating Margin | 26.62% |
| Net Margin | 14.05% |
Financial Health
| Debt / Equity | 4.62 |
| Current Ratio | 1.03 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 0.85 |
Price Performance
| 1 month | +9.17% |
| 3 months | -1.43% |
| Year-to-date | +23.92% |
| 1 year | +26.55% |
| 3 years | +7.27% |
| 5 years | +28.35% |
| 10 years | +80.69% |
Related companies: CORZ · ACIW · QLYS · INGM · FOUR · S · BOX
Explore sector: Technology · Software - Infrastructure
More sections of WEX: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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