Willis Towers Watson Public Limited Company (WTW)

NASDAQ: WTW · USD

$321

+1.82 (+0.6%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-05

Our latest published analysis: WTW rated Strong Buy

Willis Towers Watson Public Limited Company's published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$427 / share

Potential value

$650 / share

Upside to FV

+48.1%

from $321

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$26.8B
Revenue (ttm)	10.1B
Net income (ttm)	1.6B
EPS (ttm)	$16.3
Shares out	92.9M
P/E (trailing)	19.7x
P/E (forward)	17.4x
Dividend	$3.84 (1.20%)
Volume	613,580
Beta	0.47

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 10.1B
Net income (ttm): 1.6B
EPS (ttm): $16.3
P/E (trailing): 19.7x
P/E (forward): 17.4x
Market cap: $26.8B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$8.83B	$8.73B	$9.30B	$9.74B	$9.52B	+1.9%
Gross profit	$3.75B	$3.80B	$7.67B	$4.43B	$4.08B	+2.2%
Operating income	$2.20B	$1.18B	$1.37B	$627.0M	$2.23B	+0.4%
Net income	$4.22B	$1.01B	$1.06B	$-98.0M	$1.61B	-21.5%
EPS (diluted)	$32.78	$8.98	$9.95	$-0.96	$16.26	-16.1%
EBITDA	$3.55B	$2.03B	$1.37B	$823.0M	$2.68B	-6.9%
R&D	$0	$0	$0	—	—	-34.2%
SG&A	$6.93B	$6.84B	—	—	—	-1.2%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	強い買い
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	強い買い
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	ホールド
AJG	Arthur J. Gallagher & Co.	66.7B	43.2x	4.4x	6.6%	+15.3%	-5.7%	買い
ALL	The Allstate Corporation	63.2B	5.0x	0.9x	32.6%	+8.5%	+31.8%	強い買い
AMP	Ameriprise Financial, Inc.	43.1B	11.8x	2.2x	43.0%	+8.9%	+1.1%	買い

Base and Bull scenarios

Base60%

Price target

$427.31

+48.1% from spot

The modal base case path reflects steady mid-single-digit organic growth supported by recurring corporate benefits administration in Health, Wealth & Career and balanced international commercial placement. The Propel restructuring program steadily scales operating margins over the transformation horizon, while disciplined annual share repurchases compound per-share cash flow, supporting the composite fair value midpoint.

Consolidated revenue growth tracks mid-single digits in FY2026 in line with management guidance, moderating over the forecast horizon toward long-term GDP growth.
Consolidated adjusted operating margin expands steadily from FY2025 levels across the forecast horizon, approaching management's long-term margin target.
Capital allocation maintains annual share repurchases in line with management's capital return commitment, steadily reducing diluted shares outstanding.

Bull20%

Price target

$650.40

+125.4% from spot

Under the upside scenario, the $625M Propel restructuring program rapidly eliminates administrative bottlenecks, enabling brokers and consultants to win competitive market share from peers. Enterprise adjusted operating margins reach 30.0% by FY2028, supported by 35% in Health, Wealth & Career and 30% in Risk & Broking. Accelerated free cash flow expansion finances heavy share repurchases, compounding diluted EPS toward the top of our valuation range.

Consolidated revenue growth averages 6.0% annually, propelled by accelerated market share gains from peer brokers and health consulting expansion.
Propel automation achieves targeted efficiency ahead of schedule, lifting adjusted operating margins to 30.0% by FY2028.
Annual capital returns exceed $1.0B in share repurchases, retiring 2.5% of common shares per year.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($427.31). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.3%	2.5%	2.8%	3.0%	3.3%
6.5%	$470	$487	$507	$531	$559
7.0%	$435	$447	$462	$479	$498
7.5%	$406	$416	$427	$440	$454
8.0%	$383	$391	$400	$409	$420
8.5%	$364	$370	$377	$385	$393

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E17.4

P25 n/aP50 n/aP75 n/a

Trailing P/E17.9

P25 n/aP50 n/aP75 n/a

ROE19.8

P25 n/aP50 n/aP75 n/a

ROIC14.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All WTW indicators

Market & fundamental data

Available fields

285

Groups with data

Currency

USD

Showing 285 of 285 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001140536
Company name	Willis Towers Watson Public Limited Company
Country	United Kingdom
Country code	US
CUSIP number	G96629103
Earnings date	2026-10-29
Earnings time	bmo
Employees	48,100
Employees change	-900
Employees growth	-1.84%
Enterprise value	$35.3B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1828
In index	SP500
Industry	Insurance Brokers
Is primary listing	Yes
Is SPAC	No
ISIN number	IE00BDB6Q211
Last 10-K release date	2026-02-25
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split date	2016-01-05
Last stock split type	Reverse
Market cap	$29.9B
Market cap category	Large-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$321.49
Price currency	USD
Sector	Financials
SIC code	6411
Stock price date	2026-10-28
Symbol	WTW
Website	https://www.wtwco.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	17.61x
Average P/E ratio (10Y)	31.32x
Average P/E ratio (3Y)	42.92x
Average P/E ratio (5Y)	29.43x
Earnings yield	5.06%
EV/Earnings	22.54x
EV/EBIT	14.71x
EV/EBITDA	12.53x
EV/FCF	20.89x
EV/Sales	3.49x
FCF / EV yield	4.79%
FCF yield	5.66%
Forward EV/Sales	3.29x
Forward P/E	15.38x
Forward P/S	2.78x
Graham number	174.01405
Graham upside	-45.84%
Industry forward P/E	16.79x
Industry P/E	27.95x
Lynch fair value	$81.40
Lynch upside	-74.66%
P/(FCF - SBC) ratio	19.96x
P/(OCF - SBC) ratio	17.26x
P/B ratio	3.87x
P/E ratio	19.75x
P/FCF ratio	17.67x
P/OCF ratio	15.52x
P/S ratio	2.95x
PEG ratio	0.88x
Price/EBITDA ratio	10.6x
Sector forward P/E	13.61x
Sector P/E	15.68x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	23.75%
EBITDA margin	27.88%
Effective tax rate	20.28%
FCF margin	16.72%
Gross margin	42.52%
Operating margin	23.75%
Pretax margin	19.57%
Profit margin	15.49%
Profit per employee	$32,536
Profitable quarters	7
Profitable years	1
Revenue per employee	$210,021
ROA	5.08%
ROA (5Y)	4%
ROCE	15.67%
ROE	19.76%
ROE (5Y)	11.35%
ROIC	14.53%
ROIC (5Y)	6.55%
SBC / revenue	1.92%
Tax / revenue	3.97%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	1,127.65%
EPS growth (Q)	-26.81%
EPS growth (QoQ)	-21.61%
EPS growth 10Y	15.36%
EPS growth 3Y	17.94%
EPS growth 5Y	6.95%
EPS growth years	1
FCF growth	43.26%
FCF growth (Q)	40.26%
FCF growth 3Y	26.93%
FCF growth 5Y	5.57%
Gross profit growth	1.51%
Gross profit growth (Q)	11.88%
Gross profit growth 3Y	1.44%
Gross profit growth 5Y	2.15%
Net income growth	1,042.34%
Net income growth (Q)	-30.82%
Net income growth (QoQ)	-22.9%
Net income growth 3Y	13.34%
Net income growth 5Y	0.66%
Net income growth years	1
OCF growth	36.67%
OCF growth (Q)	34.07%
OCF growth 10Y	11.09%
OCF growth 3Y	25.02%
OCF growth 5Y	5.74%
Operating income growth	10.81%
Operating income growth (Q)	13.05%
Operating income growth 3Y	10.07%
Operating income growth 5Y	8.74%
Revenue growth	3%
Revenue growth (Q)	9.07%
Revenue growth (QoQ)	2.24%
Revenue growth 10Y	5.48%
Revenue growth 3Y	3.63%
Revenue growth 5Y	2.6%
Revenue growth quarters	2
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-234M
Depreciation and amortization	$417M
EBIT	$2.4B
EBITDA	$2.8B
EPS	$16.28
FCF per share	$18.19
Financing cash flow	$-747M
Free cash flow	$1.7B
Free cash flow minus SBC	$1.5B
Gross profit	$4.3B
Income taxes	$401M
Investing cash flow	$-1.3B
Net borrowing	$1.2B
Net cash flow	$-203M
Net income	$1.6B
Operating cash flow minus SBC	$1.7B
Operating income	$2.4B
Revenue	$10.1B
Stock-based compensation	$194M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.39
Book value per share	$82.66
Debt / EBITDA	2.42
Debt / equity	0.91
Debt / FCF	4.2
Goodwill	$9.7B
Interest coverage	8.39
Long-term assets	$13.8B
Long-term liabilities	$7.5B
Net cash (debt)	$-5.4B
Net cash / market cap	-18.23%
Net debt / EBITDA	1.93
Net debt / equity	0.7
Net debt / FCF	3.22
Piotroski F-Score	5
Property, plant and equipment	$1.1B
Shareholders' equity	$7.8B
Tangible book value	$-3.5B
Tangible book value per share	$-37.54
Total assets	$30.6B
Total cash	$1.7B
Total debt	$7.1B
Total liabilities	$22.8B
WACC	6.14%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.34
Current assets	$16.7B
Current liabilities	$15.2B
Current ratio	1.1
Net working capital	$705M
Quick ratio	0.3
Working capital	$1.5B
Working capital turnover	6.25

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.98%
Dividend growth	4.4%
Dividend growth (10Y)	5.33%
Dividend growth (3Y)	4.39%
Dividend growth (5Y)	5.34%
Dividend growth years	9
Dividend payment date	2026-10-15
Dividend payment years	24
Dividend payout frequency	Quarterly
Dividend per share	$3.84
Dividend yield	1.2%
Ex-dividend date	2026-09-30
FCF payout ratio	21.11%
Last dividend	$0.96
Payout ratio	23.59%
Shareholder yield	5.18%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	154.49%
10Y return CAGR	11.33%
10Y total return	192.39%
150-day SMA	$293.96
15Y price change	225.23%
15Y return CAGR	10.15%
15Y total return	326.39%
1D price change	0.57%
1M price change	8.75%
1M total return	9.11%
1W price change	0.31%
1W total return	0.31%
1Y price change	-2.19%
1Y return CAGR	-0.9%
1Y total return	-0.9%
20-day SMA	$306.78
200-day SMA	$296.70
20Y price change	221.76%
20Y return CAGR	8.32%
20Y total return	394.41%
3M price change	5.64%
3M total return	6%
3Y price change	39.66%
3Y return CAGR	13.18%
3Y total return	44.98%
50-day SMA	$315.59
50-day SMA vs 200-day SMA	50over200
52-week high	$351.51
52-week high date	2026-08-25
52-week low	$240.62
52-week low date	2026-05-14
5Y price change	33.07%
5Y return CAGR	7.31%
5Y total return	42.27%
6M price change	10.5%
6M total return	11.27%
All-time high	$352.79
All-time high date	2025-10-07
All-time low	$41.06
All-time low date	2001-07-25
Average true range (ATR)	$7.62
Average volume	480.2K
Beta (1Y)	0.34
Beta (2Y)	0.44
Beta (5Y)	0.47
Change from 52-week high	-8.54%
Change from 52-week low	33.61%
Change from all-time high	-9.37%
Change from all-time low	678.65%
Change from open	-0.56%
Day's gap	1.14%
Dollar volume	$197.3M
High price	$323.29
Low price	$318.84
Monthly RSI	54.15
Open price	$323.29
Position in 52-week range	59.55%
Premarket change	-0.22%
Premarket close	$319.66
Premarket price	$318.95
Premarket volume	4.8K
Previous close	$319.66
Price vs 150-day SMA	8.76%
Price vs 20-day SMA	4.22%
Price vs 200-day SMA	7.76%
Price vs 50-day SMA	1.31%
Relative volume	1.28
RSI	57.73
Sharpe ratio	-0
Sharpe ratio (3Y)	0.63
Sharpe ratio (5Y)	0.23
Sortino ratio	0.17
Sortino ratio (3Y)	1.14
Sortino ratio (5Y)	0.56
Volume	613.6K
Weekly RSI	54.65
YTD price change	-2.7%
YTD total return	-1.7%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	92.4M
Float percentage	99.51%
Shares change (QoQ)	-2.08%
Shares change (YoY)	-3.98%
Shares held by insiders	0.36%
Shares held by institutions	100.87%
Shares outstanding	92.9M
Short % of float	3.2%
Short % of shares	3.18%
Short ratio	5.5 days

Deeper analysis on WTW

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this WTW report

What is the latest published WTW stock rating?

Willis Towers Watson Public Limited Company is shown with Strong Buy in the latest published report, analyzed 2026-10-05. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full WTW analysis?

The full latest published report, analyzed 2026-10-05, lives at /stocks/WTW/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for WTW?

The latest published report analyzed 2026-10-05 gives WTW a fair value of USD 427 and a potential value of USD 650. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the WTW page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-05). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyWTW · Fair value $427+48.1%

Read full analysis →

Willis Towers Watson Public Limited Company (WTW)

Our latest published analysis: WTW rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · WTW

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All WTW indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on WTW

Frequently asked questions

レーティング履歴

Category	Score	Reading
Valuation	8.5
Management	7.5
Balance Sheet	5.0
Profitability	6.5
Revenue Growth	6.0
Risk Assessment	7.5
Competitive Moat	7.5
Earnings Quality	4.5
Capital Efficiency	6.5