Positioning no disclosures inside 60 days, left as found
Options put/call open interest 20.81, read 2026-11-02
Ethical does not pass the values gate
Price85.50 USD
Fair value97.65
Ethical score70.0/100
Value readUndervaluedas of 5 Nov 2026
Our investment reviews on this name
2026-10-25Read Markup80.31+6.5% to today ✓Distribution gives way to Markup after an 11% rise in 7 days
2026-10-18Read Distribution72.64+17.7% to today Markup gives way to Distribution first Distribution read since October
2026-10-11Read Markup71.23+20.0% to today ✓Distribution gives way to Markup first Markup read since September
2026-10-02Read Distribution73.18+16.8% to today Markup gives way to Distribution after a 12% rise in 6 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Workiva Inc. holds its Markup at $85.50. Consolidating, no directional conviction, held for 30 days.
As held on the ledger · 2026-11-05
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 30 days
Price at the screen
$85.50
Valuation
101.52 trailing · 21.06 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.45
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
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
53.39%
Below 33%
Interest-bearing debt is 53.4% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
37.02%
Below 33%
Interest-bearing cash and securities are 37.0% of assets, above the one-third limit.
Fail
Receivables
34.00%
Below 49%
Money owed to the company is 34.0% of assets, under the 49% limit.
Pass
Revenue purity
3.86%
Below 5%
Only 3.9% 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.
The Ethical Read
Why It Falls Short, in Plain English
Workiva's business is in a permissible area, but its interest-bearing debt is about 53% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Today WK does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Undervalued vs our fair value, as of 5 Nov 2026: it trades at roughly a 12% discount to our $97.65 fair value, 18.60% revenue growth.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. A 12.4% discount to the base estimate.
Where our models see it going: fair-value estimate $97.65, with a range of $78.97 to $131.62, dated to the 2026-11-05 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
Reporting software that still runs on thin margins
Finance teams everywhere juggle filings, audits and linked data across borders. Workiva gives them a cloud platform that keeps the audit trail clean and the numbers consistent. Yet the business still only clears a 2% profit margin while growing revenue at 20%, which leaves little room for error when competition heats up.
The shares trade at 16.4 times forward earnings with a 47% gap to our fair value, and analysts are broadly positive. That said, the moat remains unknown and the opportunity rating sits at none, so we pass. The low margin and lack of clear competitive edge outweigh the surface valuation appeal for now.
Currency moves, customer concentration and execution risk all sit in the mix. A software name this early in its profit cycle can stay cheap for longer than expected. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
WK trades on the NYSE. 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
2026-11-05Markup$85.28+1.7%Entry 17
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 1.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-04Markup$83.88+0.3%Entry 16
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 0.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-03Markup$83.61+0.0%Entry 15
The analysis 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: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-02Markup$83.61+0.0%Entry 14
The analysis 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: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. It reported earnings in this window, a natural checkpoint for the thesis.
2026-11-01Markup$83.61-2.6%Entry 13
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 2.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-31Markup$85.80+0.0%Entry 12
The analysis 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: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-30Markup$85.80+0.0%Entry 11
The analysis 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: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-29Markup$85.80+6.8%Entry 10
The analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 6.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading overbought. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Markup · changed$80.31+10.6%Entry 9
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 10.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79. Since the last review it dropped out of the Tech 100; its composite score eased.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 2.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive 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 bearish. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 19%. The street (11 analysts) rates it strong buy, with a mean price target of $79.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
