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Woodside Energy Group Ltd (WDS) Fair Value & Analysis

Energy · AU · Market cap A$57.9B (≈ $41.7B) · ISIN AU0000224040

What is Woodside Energy Group Ltd really worth?

WE Woodside Energy Group Ltd WDS · AU
PriceA$31.83
Fair ValueA$20.71
Upside−34.9%
Quality46/100

Below-average quality, and trading another 54% above our fair value of A$20.71.

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Strengths

Highly profitable · 20.9% net margin

Risks

!Weak Growth (revenue 5y +30.1 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (7/14)
!Moderate moat 55/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 29 out of 100

For context

·3.52% dividend yield
Evidence: Medium Range A$14.46 – A$25.89

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 22 days ago

Share price −2.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (A$25.89). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

A$35.80 A$13.64 Fair Value A$20.71 Jun 2021 Sep 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 A$13.64 – A$35.80 · fair‑value band A$14.46 – A$25.89 · the A$31.83 price screens above the A$20.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Woodside Energy Group Ltd (WDS) currently trades at A$31.83, while our model-based Fair Value estimate is A$20.71, implying the stock looks roughly 53.7% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of A$32.34 per share, and 2 of the 15 models we run sit above the A$31.83 price. Bear case: the Economic Profit group reads lowest at A$8.46, and 13 of the 15 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Woodside Energy Group Ltd generated revenue of A$13.0B at a net margin of 20.9%. Revenue declined 11.1% year over year. It earns a return on equity of 7.2%. Net debt stands at A$13.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$14.46 (bear case) to A$25.89 (bull case); at A$31.83, 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 about 11% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −31% fair-value upside, at −35%, WDS screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly A$0.5911 per share, which is 2.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Residual Income best evidence A$15.67 A$16.75 A$18.74 76
EPV A$6.52 A$8.46 A$10.16 74
Owner Earnings A$1.26 A$8.21 73
All 15 models by family
DCF Models
Owner Earnings A$1.26 A$8.21 73
Earnings-Based
Graham-Dodd A$10.06 A$65.04 A$90.97 63
Lynch FV A$18.88 A$26.97 A$35.06 61
PEG = 1.0 A$18.88 A$26.97 A$35.06 57
EPV A$6.52 A$8.46 A$10.16 74
Multiples
P/E Multiple A$15.54 A$20.71 A$25.89 63
P/S Multiple A$6.35 A$8.47 A$10.58 58
P/B Multiple A$18.86 A$25.15 A$31.44 55
EV/EBIT A$8.58 A$13.15 A$17.73 65
EV/EBITDA A$16.65 A$23.91 A$31.17 67
EV/Revenue A$0.7900 A$3.33 A$5.87 48
Asset-Based
NCAV (Graham) A$9.45 A$12.67 A$18.90 54
Economic Profit
Residual Income best evidence A$15.67 A$16.75 A$18.74 76
ROIC Compounder A$6.52 A$8.46 A$10.16 72
Growth Earnings
Growth-Adj P/E A$22.64 A$32.34 A$42.05 67

Widest divergence: Growth Earnings (A$32.34) versus DCF Models (A$1.26). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 15.5
P/S ratio 3.24 P/E × margin
EPS (TTM) A$2.06 price ÷ EPS = P/E 15.5
Dividend yield 3.5% payout 54.4%
Net margin 21.0% FY2025
Return on equity 7.2% TTM
More key figures
Profitability
Return on assets (EBIT) 10.5% avg 5y
Operating margin 19.1% TTM
Growth
Revenue (TTM) A$13.0B TTM
Revenue growth (YoY) −11.1% 3y avg −7.3%
EPS growth (YoY) −14.4%
Balance sheet & cash flow
Free cash flow −A$1.5B FY2025
Net debt A$13.9B FY2025

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

Quality Score breakdown

Overall quality 46/100

Of which business quality 45 · Market factors (momentum, volatility) 66

Profitability 36
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 40
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. It produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids.

Full company description

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. It produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. The company holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Ruby, Sangomar, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour. It is also involved in the development of new energy products and lower-carbon services. The company was formerly known as Woodside Petroleum Ltd and changed its name to Woodside Energy Group Ltd in May 2022. Woodside Energy Group Ltd was founded in 1954 and is headquartered in Perth, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Woodside Energy Group Ltd reported revenue of $13.4B in FY2025 versus $7.0B in FY2021, a compound +17.8%/yr. Reported net income was $2.8B in FY2025, compounding +9.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$13.4B
Latest YoY
+1.8%
Avg. revenue 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.
−7.3%
Avg. revenue 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.
+30.1%
Avg. revenue growth/yr (36Y) 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.
+12.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+8.3% (4.8 + 3.5)
Revenue +17.8%/yr
FY21 $7.0B
FY22 $16.8B
FY23 $14.0B
FY24 $13.2B
FY25 $13.4B
Net income +9.1%/yr
FY21 $2.0B
FY22 $6.5B
FY23 $1.7B
FY24 $3.6B
FY25 $2.8B
Character of growth · EPS growth decomposed (2014-2025) +0.6 % p.a.
Revenue per share +0.7 %

of which total revenue +10.5 % · buybacks/dilution −8.9 %

EBIT margin −1.6 %
Tax rate +0.5 %
Residual (interest, one-offs) +1.0 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

WDS screens 54% overvalued. Compare with CNOOC Limited →

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Cite: Fair Value Calculator (2026). "Woodside Energy Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/WDS

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Oil & Gas E&P · 296 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 46 · Below median
Fair Value upside −35% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 19% · Above median
Revenue growth −11% · Below median
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/E (TTM) 15.5× · Pricier than median
P/B 1.16× · Cheaper than median
P/S (TTM) 3.22× · Pricier than median
EV/EBITDA 6.6× · Pricier than median
PEG 1.33× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 9
FUTURE0 · sector 7
PAST29 · sector 9
HEALTH84 · sector 87
DIVIDEND70 · sector 70

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

Values & ESG

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

Oil & gas

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥32.85 ¥32.55 −1%
ConocoPhillips explores for, COP $130.35 $90.15 −31%
Canadian Natural Resources Limited CNQ C$69.03 C$44.78 −35%
EOG Resources, Inc EOG $143.35 $132.20 −8%
Occidental Petroleum Corporation OXY $59.17 $30.06 −49%
Diamondback Energy, Inc FANG $200.52 $105.24 −48%
Devon Energy Corporation DVN $47.35 $27.06 −43%
EQT Corporation EQT $54.57 $42.85 −21%
Texas Pacific Land Corporation TPL $366.50 $77.26 −79%
Expand Energy Corporation EXE $98.16 $106.45 +8%

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Frequently asked questions

Is Woodside Energy Group Ltd (WDS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$20.71 versus a price of A$31.83, about −35% upside (overvalued).
What is the fair value of WDS?
Our model-based fair value for Woodside Energy Group Ltd is A$20.71 (as of Aug 13, 2026), built from audited fundamentals. The current price: A$31.83.
What is the quality score of WDS?
Woodside Energy Group Ltd has a Quality Score of 46/100. 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 Woodside Energy Group Ltd (WDS)?
Woodside Energy Group Ltd reported trailing-twelve-month revenue of about A$13.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of WDS?
The net profit margin of Woodside Energy Group Ltd is about 20.9%, meaning it keeps roughly 20.9% of revenue as net income. Based on the latest reported figures.
Does Woodside Energy Group Ltd pay a dividend?
Woodside Energy Group Ltd currently shows a dividend yield of about 3.52% relative to its recent price (as of Aug 13, 2026).
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