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Babcock & Wilcox Enterprises, Inc. (BW) stock analysis

BWNYSEHeating Equipment, Except Electric & Warm Air FurnacesFiscal year ends December 31Also trades as BW.PA
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 5/304% above fair value
$4.84+0.36 (+8.04%)

Close on Nov 11, 2026Market cap $720.99MP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value1Growth2Performance1Health1Dividend0

Weak5 of 30 checks passed

Babcock & Wilcox Enterprises passes 5 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
1/6
Growth
2/6
Past performance
1/6
Financial health
1/6
Dividend
0/6

What stands out

  • Guidance raised

    Babcock & Wilcox Enterprises raised its full year 2026 Adjusted EBITDA outlook on Aug 10, 2026.

  • EV/EBITDA below its 5-year median

    Babcock & Wilcox Enterprises's EV/EBITDA of 13.8 is below its 5-year median of 18.4.

  • Growing faster than the industry

    Revenue grew 75.2% over the last twelve months; the Fabricated Metal Products, except Machinery and Transportation Equipment median is 10.2%.

  • Net margin above its 5-year average

    Net margin was 4.1% over the last twelve months, against a 5-year average of -9.9%.

What to watch

  • Margin of safety under 20%

    The price is 4.3% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $4.84 is above our fair value estimate of $4.64.

  • Revenue growing under 10% a year

    Revenue grew -1.2% a year over the last three fiscal years, short of the 10% we look for.

  • Interest not well covered

    Operating income covers interest expense 1.8 times; we look for at least 5.

Valuation1/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA below its 5-year median

    Babcock & Wilcox Enterprises's EV/EBITDA of 13.8 is below its 5-year median of 18.4.

  • P/B above the industry

    Babcock & Wilcox Enterprises's price-to-book of 6.58 is above the Fabricated Metal Products, except Machinery and Transportation Equipment median of 2.80.

  • Trading above fair value

    The share price of $4.84 is above our fair value estimate of $4.64.

  • Margin of safety under 20%

    The price is 4.3% above fair value, so there is no margin of safety.

Growth2/6

  • Revenue growing under 10% a year

    Revenue grew -1.2% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 75.2% over the last twelve months; the Fabricated Metal Products, except Machinery and Transportation Equipment median is 10.2%.

  • Guidance raised

    Babcock & Wilcox Enterprises raised its full year 2026 Adjusted EBITDA outlook on Aug 10, 2026.

  • Gross margin slipping

    Gross margin was 17.9% over the last twelve months, against 23.1% a year earlier.

Past performance1/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin above its 5-year average

    Net margin was 4.1% over the last twelve months, against a 5-year average of -9.9%.

  • Net margin below the industry

    Babcock & Wilcox Enterprises's net margin of 4.1% is below the Fabricated Metal Products, except Machinery and Transportation Equipment median of 4.5%.

Financial health1/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest not well covered

    Operating income covers interest expense 1.8 times; we look for at least 5.

  • Short-term assets cover short-term debts

    Current assets are 1.79 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is -0.52; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Babcock & Wilcox Enterprises has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$4.64

The share price is 4% above this estimate.

20%+ below
Near fair value
20%+ above
$4.84Price
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
EV/EBITDA15.6×18.4×12.6×$5.3878%
P/B2.8×–2.8×$2.0622%
Fair value$4.64100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Fabricated Metal Products, except Machinery and Transportation Equipment median 22.3

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$25.30M
Value traded per 1% price move
$6.07M

Downside

High risk

Typical loss in a bad month
40.1%
Volatility (annualized)
118%
Sharpe ratio, 1 year
-0.29
Beta to the S&P 500 (5Y)
2.46

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2012 to 2025

Gross margin

24.5%−4.8 pts over 5 years

Operating margin

3.5%+3.8 pts over 5 years

Net margin

-6.2%−4.3 pts over 5 years

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