4 models fit Stantec Inc Common Stock and they disagree: 1 of 4 land within 15% of the average.
Two or more of our models back this value.
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Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionStantec Inc Common Stock (STN)
Fair value (4 models)
$63.18
ACCE price target
$71.00
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 18:04 CEST; previously $79.00 since 15 Oct 2026, 00:00 CEST.
ACCE price target published on 10 Oct 2026, 00:00 CEST.
Price used: $71.11 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
12.5% above
-11.1% to fair value
ACCE score
55
out of 100
Analysts
100% buy
11 covering
P/E
21.9x
forward 14.3x
1-year return
-36.5%
Dividend yield
1.34%
Stantec Inc Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Stantec is a Canadian engineering, design and project consultancy whose work spans buildings, water, transportation and energy infrastructure, and it earns fees on design and advisory contracts rather than building the assets itself. Its moat is less about hard barriers than about embedded relationships: public-sector clients and large developers tend to keep the same engineer of record across multi-year programs, which supports a 54.3% gross margin that sits well above typical construction contractors. Revenue growth of 11.5% is the number to test, since it is the engine behind the case, and the question for a deeper look is how much of it is organic demand from infrastructure spending versus acquisitions. At a forward P/E of 14.3 against a trailing 21.6, the market is pricing in a meaningful earnings step-up, with a 15.7% ROE and a 13.5% operating margin giving the business room to convert that growth into returns. The 54 score and absence from major indices suggest the name is under-followed, which is the reason to look harder, not a conclusion in itself.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Score drifting, margins weak
ACCE score is 54/100, down 1 point over 90 days, with the margin component at only 17 despite a 13.5% operating margin and 7.4% net margin. Worth knowing, not deal-breaking.
moderate
Stock trades above model fair value
Price of $71.11 sits 12.5% above the model fair value of $63.18, while the ACCE price target of $71.00 is 0.2% below the current price. Valuation already prices in much of the growth.
AI research notes
AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 11.5% over the last year, and the five-year average growth rate is 17.0% per year.
Free cash flow over the last twelve months reached CAD 790M, and the forward P/E of 14.9x sits below the sector median of 23.4x.
Why it could disappoint
The stock trades 12.5% above the model fair value of $63.18, and all four valuation models sit below the current price.
Return on invested capital is only 6.2%, and debt to equity stands at 0.97, which leaves little margin for error.
Net margin of 7.4% is thin, and the price already implies 6.6% cash flow growth every year forever.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 12, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
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Where STN's valuation models land
Price
$71.11
Model fair value
$63.18
Model range
$36.84 to $103
Fair value $63.18
Price $71.11
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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