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IES Holdings (IESC) Fair Value & Analysis

Industrials · US · Market cap $12.2B

IH IES Holdings logo IES Holdings IESC · US
Price$748.44
Fair Value$272.43
Upside-63.6%
Quality67/100
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Healthy Growth
Solidly profitable · 10.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Wide moat 70/100
Evidence: High Range $152.30 – $349.56 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from $275.54 to $272.43 (−1.1%) since Jul 18, 2026. Share price +21.5% over the past month.

A solid business, but screening 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($349.56). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($152.30 to $349.56) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$784.03 $25.27 Fair Value $272.43 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $25.27 – $784.03 · fair‑value band $152.30 – $349.56 · the $748.44 price screens above the $272.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

IES Holdings (IESC) currently trades at $748.44, while our model-based Fair Value estimate is $272.43, implying the stock looks roughly 63.6% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, IES Holdings generated revenue of $3.6B at a net margin of 10.5%. Revenue grew 16.8% year over year. It earns a return on equity of 42.1%. Net debt stands at $30.5M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $152.30 (bear case) to $349.56 (bull case); at $748.44, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 189% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -64%, IESC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $142.23 $245.87 $420.69 80
Residual Income $128.85 $216.30 $3,424 76
Rev-Margin DCF $164.82 $292.43 $456.29 74
All 26 models by family
DCF Models
FCF DCF $143.10 $255.48 $449.89 38
Owner Earnings $186.09 $332.79 $586.56 31
5Y Revenue Exit $164.82 $296.55 $476.51 39
5Y EBITDA Exit $179.17 $326.00 $510.55 41
5Y P/E Exit $198.67 $366.02 $557.84 38
10Y Revenue Exit $150.32 $273.05 $462.76 36
10Y EBITDA Exit $165.79 $294.58 $491.14 37
10Y P/E Exit $178.69 $323.84 $530.56 35
Earnings-Based
Graham-Dodd $104.43 $477.21 $654.84 54
Lynch FV $125.13 $178.76 $232.39 50
PEG = 1.0 $125.13 $178.76 $232.39 46
EPV $139.34 $162.19 $182.17 59
Dividend Discount
Gordon GGM $0.0100 $0.0200 $0.0300 70
DDM Multi-Stage $0.0100 $0.0200 $0.0200 61
Multiples
P/E Multiple $241.88 $322.50 $403.13 63
P/S Multiple $195.80 $261.07 $326.34 58
P/B Multiple $149.74 $199.65 $249.56 55
EV/EBIT $247.72 $329.53 $411.34 53
EV/EBITDA $212.94 $283.16 $353.38 54
EV/Revenue $177.46 $252.53 $327.61 43
Asset-Based
NCAV (Graham) $22.18 $29.73 $44.37 50
Growth DCF
Growth DCF $142.23 $245.87 $420.69 80
Rev-Margin DCF $164.82 $292.43 $456.29 74
Economic Profit
Residual Income $128.85 $216.30 $3,424 76
ROIC Compounder $155.18 $201.28 $257.22 72
Growth Earnings
Growth-Adj P/E $201.42 $287.74 $374.06 68

Widest divergence: DCF Models ($296.55) versus Dividend Discount ($0.0200). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $3.6B
Revenue growth (YoY) +16.8%
Net margin 10.5%
Return on equity 42.1%
Free cash flow $219M FY2025
P/E ratio 39.9
More key figures
Operating margin 11.5%
EPS (TTM) $18.74
EPS growth (YoY) +55.4%
Net debt $30.5M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 67 · Market factors (momentum, volatility) 63

Profitability 88
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 1
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 93
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services in the United States.

Full company description

IES Holdings, Inc. designs and installs integrated electrical and technology systems and provides infrastructure products and services in the United States. The Communications segment designs, builds, and maintains communications infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities. It also designs and installs audio/visual, telephone, fire, and wireless access and intrusion alarm systems; and engages in designing/building, servicing, and maintaining data network systems. The Residential segment offers electrical installations to single-family housing and multi-family apartments; heating, ventilation and air conditioning and plumbing installation services; and cable television installations to residential and light commercial applications, as well as installs residential solar power for new construction and existing residences. The Infrastructure Solutions segment maintains and repairs alternating and direct current electric motors and generators, and power generating and distribution equipment; manufactures custom-engineered metal enclosed bus duct solutions used in power distribution; manufactures custom commercial and industrial generator enclosures; manufactures, re-manufactures, and repairs industrial lifting magnets; and maintains and repairs railroad main and auxiliary generators, main alternators, and traction motors. The Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, wind farms, solar facilities, municipal infrastructures, and health care facilities. The company was formerly known as Integrated Electrical Services, Inc. and changed its name to IES Holdings, Inc. in May 2016. IES Holdings, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IES Holdings reported revenue of $3.4B in FY2025 versus $1.5B in FY2021, a compound +21.7%/yr. Reported net income was $306M in FY2025, compounding +46.4%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$3.4B
Latest YoY
+16.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.1%
Avg. growth/yr (29Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.8%
Revenue +21.7%/yr
FY21 $1.5B
FY22 $2.2B
FY23 $2.4B
FY24 $2.9B
FY25 $3.4B
Net income +46.4%/yr
FY21 $66.7M
FY22 $34.8M
FY23 $108M
FY24 $219M
FY25 $306M

IESC screens 64% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "IES Holdings Fair Value". https://www.fairvalue-calculator.com/stock/IESC

Peer Group

Engineering & Construction · 839 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 42% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth 17% · Above median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 39.9× · Pricier than 75% of peers
P/B 13.82× · Pricier than 75% of peers
P/S (TTM) 3.36× · Pricier than 75% of peers
P/FCF 55.8× · Pricier than 75% of peers
EV/EBITDA 25.4× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 14
FUTURE 84 · sector 14
PAST 100 · sector 26
HEALTH 95 · sector 94
DIVIDEND 0 · sector 33

VALUE 0: the price sits above our fair-value range.

Insider activity: 42/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹230.00 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 45,400 KRW 43,924 KRW -3%

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Frequently asked questions

Is IES Holdings (IESC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $272.43 versus a price of $748.44, about −64% (overvalued).
What is the fair value of IESC?
Our model-based fair value for IES Holdings is $272.43 (as of Aug 13, 2026), built from audited fundamentals. The current price is $748.44.
What is the quality score of IESC?
IES Holdings has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of IES Holdings (IESC)?
IES Holdings reported trailing-twelve-month revenue of about $3.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of IESC?
The net profit margin of IES Holdings is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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