StockData
IES Holdings, Inc. logo

IES Holdings, Inc. (IESC) stock analysis

IESCNasdaqElectrical WorkFiscal year ends September 30
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026Score 14/3015% below fair value
$174.17−3.15 (-1.78%)

Close on Nov 12, 2026Market cap $3.47BP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value2Growth4Performance2Health6Dividend0

Mixed14 of 30 checks passed

IES passes 14 of the 30 checks behind our score; 13 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
2/6
Growth
4/6
Past performance
2/6
Financial health
6/6
Dividend
0/6

What stands out

  • Trading below fair value

    The share price of $177.32 is below our fair value estimate of $209.13.

  • Return on capital over 10%

    Return on invested capital was 50.7%, above the 10% that usually covers the cost of capital.

  • No debt

    IES has no borrowings on its latest balance sheet.

  • Earnings grew over 5 years

    Net income grew 49.0% a year on average over the last five fiscal years.

What to watch

  • Margin of safety under 20%

    The price is 15.2% below fair value, less than the 20% cushion we look for.

  • EV/EBITDA above its 5-year median

    IES's EV/EBITDA of 5.7 is above its 5-year median of 5.4.

  • No dividend

    IES has not paid a dividend in the last twelve months.

Valuation2/6

  • 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 above its 5-year median

    IES's EV/EBITDA of 5.7 is above its 5-year median of 5.4.

  • P/B below the industry

    IES's price-to-book of 2.87 is below the Construction Special Trade Contractors median of 3.14.

  • Trading below fair value

    The share price of $177.32 is below our fair value estimate of $209.13.

  • Margin of safety under 20%

    The price is 15.2% below fair value, less than the 20% cushion we look for.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 15.9% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 118% a year over the last three fiscal years.

  • Earnings acceleration

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

  • Growing faster than the industry

    Revenue grew 22.7% over the last twelve months; the Construction Special Trade Contractors median is 10.2%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 26.3% over the last twelve months, against 25.0% a year earlier.

Past performance2/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital over 10%

    Return on invested capital was 50.7%, above the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings grew over 5 years

    Net income grew 49.0% a year on average over the last five fiscal years.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health6/6

  • No debt

    IES has no borrowings on its latest balance sheet.

  • Debt not rising

    With no debt today, leverage cannot have risen.

  • Debt covered by cash flow

    There is no debt to cover.

  • Interest well covered

    Operating income covers interest expense 140.8 times.

  • Short-term assets cover short-term debts

    Current assets are 1.63 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 5.52; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    IES 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

$209.13

The share price is 15% below this estimate.

20%+ below
Near fair value
20%+ above
$177.32Price$209.13Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
EV/EBITDA9.2×5.4×13.0×$272.5658%
P/B2.8×2.6×3.1×$175.3817%
Earnings power11.5% cost of equity––$83.6425%
Fair value$209.13100%

Valuation over time

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

  • P/E at month end
  • Own 5-year median 9.3
  • Construction Special Trade Contractors median 25.1

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
$108.28M
Value traded per 1% price move
$26.34M

Downside

High risk

Typical loss in a bad month
40.3%
Volatility (annualized)
79%
Sharpe ratio, 1 year
-0.21
Beta to the S&P 500 (5Y)
1.32

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

25.5%+6.4 pts over 5 years

Operating margin

11.4%+7.2 pts over 5 years

Net margin

9.1%+5.6 pts over 5 years

See a number that looks wrong?