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Wolters Kluwer N.V. (WKL) Fair Value & Analysis

Industrials · NL · Market cap €13.8B · ISIN NL0000395903

What is Wolters Kluwer N.V. really worth?

WK Wolters Kluwer N.V. WKL · AS
Price€68.86
Fair Value€94.39
Upside+37.1%
Quality78/100

A strong business, trading 27% below our fair value of €94.39.

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Strengths

Healthy Growth (revenue 5y +5.9 %/yr)
Highly profitable · 21.4% net margin
Wide moat 81/100

Risks

!High debt · generates free cash flow
!Mixed vs. peers (8/15)
!Weak on future: 8 out of 100

For context

·3.78% dividend yield
Evidence: High Range €60.00 – €126.93

Fair value as of: Aug 31, 2026

From 25 valuation models · updated 5 days ago

Share price −2.0% over the past month.

What runs behind every stock

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

What matters now

  • The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (€60.00 to €126.93) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

€173.07 €55.65 Fair Value €94.39 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range €55.65 – €173.07 · fair‑value band €60.00 – €126.93 · the €68.86 price screens below the €94.39 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 31, 2026.

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Analysis

Wolters Kluwer N.V. (WKL) currently trades at €68.86, while our model-based Fair Value estimate is €94.39, implying the stock looks roughly 27.0% undervalued today. The Quality Score stands at 78/100 (high quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of €97.10 per share, and 12 of the 25 models we run sit above the €68.86 price. Bear case: the Economic Profit group reads lowest at €28.10, and 13 of the 25 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Wolters Kluwer N.V. generated revenue of €6.1B at a net margin of 21.4%. Revenue grew 1.6% year over year. It earns a return on equity of 111.7%. Net debt stands at €4.2B. Fundamentals as of Aug 31, 2026

Our scenario range runs from €60.00 (bear case) to €126.93 (bull case); at €68.86, the current price sits within 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 55% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −24% fair-value upside, at 37%, WKL screens cheaper 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 €2.06 per share, which is 2.2 % 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
FCF DCF best evidence €50.56 €76.99 €113.94 80
Growth DCF €52.66 €77.63 €111.24 78
Owner Earnings €56.00 €84.68 €124.77 76
All 25 models by family
DCF Models
FCF DCF best evidence €50.56 €76.99 €113.94 80
Owner Earnings €56.00 €84.68 €124.77 76
5Y Revenue Exit €30.45 €47.62 €68.15 72
5Y EBITDA Exit €58.38 €96.55 €138.58 75
5Y P/E Exit €60.93 €101.02 €140.31 70
10Y Revenue Exit €36.51 €53.06 €72.37 67
10Y EBITDA Exit €54.84 €85.87 €123.00 68
10Y P/E Exit €56.42 €88.87 €124.24 64
Earnings-Based
Graham-Dodd €39.87 €84.63 €107.32 66
PEG = 1.0 €12.85 €18.35 €23.86 57
EPV €37.25 €45.71 €53.12 74
Dividend Discount
Gordon GGM €23.17 €35.32 €48.36 68
DDM Multi-Stage €23.17 €33.21 €44.62 67
Multiples
P/E Multiple €92.35 €123.14 €153.92 63
P/S Multiple €41.19 €54.92 €68.65 58
P/B Multiple €12.07 €16.10 €20.12 55
EV/EBIT €73.94 €103.09 €132.24 66
EV/EBITDA €74.21 €103.45 €132.70 67
EV/Revenue €21.09 €35.91 €50.74 52
Asset-Based
NCAV (Graham) €1.79 €2.40 €3.58 54
Growth DCF
Growth DCF €52.66 €77.63 €111.24 78
Rev-Margin DCF €30.45 €48.69 €68.11 72
Economic Profit
Residual Income €17.95 €28.10 €486.05 64
ROIC Compounder €38.81 €49.52 €60.35 72
Growth Earnings
Growth-Adj P/E €67.97 €97.10 €126.23 67

Widest divergence: Growth Earnings (€97.10) versus Asset-Based (€2.40). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 12.2
P/S ratio 2.61 P/E × margin
EPS (TTM) €5.64 price ÷ EPS = P/E 12.2
Dividend yield 3.8% payout 46.1%
Net margin 21.4% FY2025
Return on equity 112% TTM
More key figures
Profitability
Return on assets (EBIT) 14.2% avg 5y
Operating margin 24.2% TTM
Growth
Revenue (TTM) €6.1B TTM
Revenue growth (YoY) +1.6% 3y avg +3.9%
EPS growth (YoY) +36.9%
Balance sheet & cash flow
Free cash flow €1.4B FY2025
Net debt €4.2B FY2025 · ≈ 3.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 78/100

Of which business quality 71 · Market factors (momentum, volatility) 39

Profitability 79
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 100
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

Wolters Kluwer N.V. provides information, software solutions, and services for professionals in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, and internationally. The company operates through Health; Tax & Accounting; Financial & Corporate Compliance; Legal & Regulatory; and Corporate Performance & ESG segments.

Full company description

Wolters Kluwer N.V. provides information, software solutions, and services for professionals in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, and internationally. The company operates through Health; Tax & Accounting; Financial & Corporate Compliance; Legal & Regulatory; and Corporate Performance & ESG segments. The Health segment offers clinical solutions and develops GenAI and agentic solutions to drive better patient care and health outcomes. It serves hospitals, healthcare organizations, clinicians, students, schools, libraries, payers, life sciences, digital health companies, and pharmacies. The Tax & Accounting segment offers AI-powered, cloud-based and on-premise software suites, research solutions to tax and accounting firms; and professional services to support professional workflows, including compliance, audit, and firm management. It also serves businesses, government agencies, and academia. The Financial & Corporate Compliance segment provides financial institutions, corporations, small businesses, and law firms with solutions that enable compliance with ever-changing regulatory and legal obligations, improve efficiency, and help achieve better business outcomes. The Legal & Regulatory segment provides Legal & Regulatory trusted information, insights, and analytics for optimal decisions with accuracy and speed. It serves legal and compliance professionals in law firms, corporate legal departments, universities, and government organizations. The Corporate Performance & ESG segment offers delivers software solutions that support organizations in planning, simulating, and managing financial, sustainability, operational, and risk management activities to drive better outcomes. The company also develops a hosted platform for managing and controlling external legal costs. Wolters Kluwer N.V. was founded in 1836 and is headquartered in Alphen aan den Rijn, the Netherlands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wolters Kluwer N.V. reported revenue of €6.1B in FY2025 versus €4.8B in FY2021, a compound +6.4%/yr. Reported net income was €1.3B in FY2025, compounding +15.8%/yr from FY2021.

Growth Quality 81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€6.1B
Latest YoY
+3.5%
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.
+3.9%
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.
+5.9%
Avg. revenue growth/yr (27Y) 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.
+3.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+15.8% (12.0 + 3.8)
Revenue +6.4%/yr
FY21 €4.8B
FY22 €5.5B
FY23 €5.6B
FY24 €5.9B
FY25 €6.1B
Net income +15.8%/yr
FY21 €728M
FY22 €1.0B
FY23 €1.0B
FY24 €1.1B
FY25 €1.3B
Character of growth · EPS growth decomposed (2014-2025) +13.2 % p.a.
Revenue per share +6.8 %

of which total revenue +4.2 % · buybacks/dilution +2.5 %

EBIT margin +4.2 %
Tax rate −0.4 %
Residual (interest, one-offs) +2.1 %

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).

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Cite: Fair Value Calculator (2026). "Wolters Kluwer N.V. Fair Value". https://www.fairvalue-calculator.com/stock/WKL

Recent news

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

Peer Group

Specialty Business Services · 248 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 78 · Top 25%
Fair Value upside +37% · Above median
Return on equity (TTM) 112% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 3.8% · Above median
Debt / equity 4.95× · Higher than 75% of peers

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 12.2× · Cheaper than median
P/B 20.06× · Pricier than 75% of peers
P/S (TTM) 2.61× · Pricier than 75% of peers
P/FCF 11.7× · Pricier than 75% of peers
EV/EBITDA 9.8× · Pricier than median
PEG 1.80× · 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
VALUE83 · sector 25
FUTURE8 · sector 27
PAST100 · sector 36
HEALTH0 · sector 92
DIVIDEND76 · sector 48

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

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10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).

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Copart, Inc CPRT $32.76 $28.59 −13%
Global Payments Inc GPN $91.05 $68.98 −24%
RB Global, Inc RBA C$119.68 C$68.30 −43%
Brambles Limited BXB A$19.47 A$17.27 −11%
UL Solutions Inc ULS $74.43 $33.62 −55%
Aramark ARMK $59.08 $13.18 −78%
Rentokil Initial plc RTO $23.55 $19.63 −17%

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Frequently asked questions

Is Wolters Kluwer N.V. (WKL) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of €94.39 versus a price of €68.86, about +37% upside (undervalued).
What is the fair value of WKL?
Our model-based fair value for Wolters Kluwer N.V. is €94.39 (as of Aug 31, 2026), built from audited fundamentals. The current price: €68.86.
What is the quality score of WKL?
Wolters Kluwer N.V. has a Quality Score of 78/100. 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 Wolters Kluwer N.V. (WKL)?
Wolters Kluwer N.V. reported trailing-twelve-month revenue of about €6.1B (latest available figure, as of Aug 31, 2026).
What is the net profit margin of WKL?
The net profit margin of Wolters Kluwer N.V. is about 21.4%, meaning it keeps roughly 21.4% of revenue as net income. Based on the latest reported figures.
Does Wolters Kluwer N.V. pay a dividend?
Wolters Kluwer N.V. currently shows a dividend yield of about 3.78% relative to its recent price (as of Aug 31, 2026).
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