Willdan Group, Inc., together with its subsidiaries, provides professional, technical, and consulting services through engineering, program management, policy advisory, and software and data analytics primarily in the Un…
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price78.38 USD
Fair value123.00
Ethical score70.0/100
Our investment reviews on this name
2026-09-17Read Markdown78.38+0.0% to today
2026-07-02Read Markup96.30-18.6% to today
Our analytic regime reads on this name, dated and marked against today's price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Willdan Group, Inc. holds its Markdown at $78.38. The statistical read favours the sellers, held for 13 days.
As held on the ledger · 2026-09-16
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 13 days
Price at the screen
$78.38
Valuation
18.40 trailing · 14.45 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.19
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
12.73%
Below 33%
Interest-bearing debt is just 12.7% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
23.98%
Below 49%
Money owed to the company is 24.0% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-16 screen. The gold marker is the market price at the same screen. A 56.9% margin of safety to the base estimate.
Third-party analyst targets: 2 covering, consensus None. The average target sits +75% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-16 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
US Engineering Consultant With Safety But No Edge
Picture a local firm hired to design energy upgrades for city halls and utilities across America. Willdan handles the technical work in a fragmented market, yet its revenue is crawling forward at just 2% while the forward multiple sits at 13.7 times. Strong returns on equity of 20% and an ethical pass look attractive on paper, but an unknown moat and minimal growth leave little reason to expect durable outperformance.
Analysts see upside to 138 dollars from the current 72.70 price and our own fair value sits at 121.75, yet the opportunity rating remains none. Low single-digit top-line expansion in engineering and construction rarely compounds into lasting value when competitive advantages are unclear. The valuation gap exists, but the business does not demonstrate the qualities that turn a cheap multiple into a reliable compounder.
Cyclical exposure to public budgets and infrastructure spending adds real volatility that a low multiple does not offset. Thin profit margins of 8% offer little cushion when projects slow. We therefore pass despite the numbers. Analysis, not advice.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
WLDN trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-17Markdown · changed$78.38-7.7%Entry 5
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 7.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are up 72%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (2 analysts) rates it strong buy, with a mean price target of $138.
2026-08-18Markup$84.93-11.8%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 11.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are up 72%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (2 analysts) rates it strong buy, with a mean price target of $138.
2026-07-18Markup$96.30+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are up 72%. Our forward projection puts the odds of a 10% gain over the next month near 41%. The street (2 analysts) rates it strong buy, with a mean price target of $138.
2026-07-03Markup$96.30+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$96.30Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
