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ULS
ACCE-researched

UL Solutions Inc. Class A Common Stock (ULS) fair value

Industrials · Specialty Business Services · NYSE · United States
$73.44-0.26%
Market cap $14.9BNext earnings 2026-11-03Updated Oct 24, 2026
Add earnings to calendarGoogle
Our verdict
Trades 108% above our fair value
Price
$73.44
Model fair valueConfidence: good
$35.34
Model range
$21.89 to $50.10
Fair value $35.34
Price $73.44
3 models fit UL Solutions Inc. Class A Common Stock and they disagree: 1 of 3 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionUL Solutions Inc. Class A Common Stock (ULS)
Fair value (3 models)
$35.34
ACCE price target
$66.00
Rating
Overvalued
Horizon
12 months
Fair value published on 24 Oct 2026, 16:06 CEST; previously $39.61 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 26 Sept 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 16:06 CEST.
Price used: $73.44 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
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
Full methodology
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
107.8% above
-51.9% to fair value
ACCE score
55
out of 100
Analysts
62% buy
13 covering
P/E
29.9x
forward 24.9x
1-year return
-7.2%
Dividend yield
0.74%

UL Solutions Inc. Class A Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

UL Solutions tests, inspects, certifies and audits products for safety and performance, with revenue spread across its Consumer and Retail, Industrial, and Ventures segments, and its Software and Advisory services layered on top. Its moat is the accreditation and trust behind its testing marks, which customers and regulators rely on and which are costly and slow for rivals to replicate. Revenue growth of 5.2% is modest, but a 50.4% gross margin and a 38.7% ROE show the franchise earns well on the capital it uses. At a trailing P/E of 28.7 and a forward P/E of 27.3, the stock is priced for steady execution rather than a sharp re-rating, and its 18.4% operating margin leaves room to test whether margin expansion can carry earnings growth above the top line. The 55/100 score and absence from major indices suggest a name that merits a closer look on quality and valuation discipline, not an obvious bargain.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • high
    Valuation premium to model
    Forward P/E of 24.9 is elevated for 5.2% revenue growth.
  • high
    Score deterioration
    ACCE score fell 7 points in 90 days (62 to 55). Momentum subscore at 25/100 signals weakening fundamentals.
  • moderate
    Sequential revenue decline
    QoQ revenue down 3.9% despite YoY growth of 5.2%, suggesting recent deceleration or seasonal softness.
  • moderate
    Insider selling concentration
    Last 10 disclosures show $6.51M in sales, zero buys. Insiders net selling despite stock near fair value.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • ULS converts revenue into cash efficiently, generating $403M free cash flow with a 16.1% net margin.
  • The company deploys capital exceptionally well, earning 38.7% return on equity despite modest 5.2% revenue growth.
  • Analyst consensus targets $96.48, implying 37.9% upside from the current $69.99 share price.
Why it could disappoint
  • At 28.2x trailing P/E, ULS trades at a premium to its 23.9x sector median despite 5.2% revenue growth.
  • The stock's 2.9% free cash flow yield is thin, leaving limited margin for error if growth disappoints.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 3, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where ULS's valuation models land
Price
$73.44
Model fair value
$35.34
Model range
$21.89 to $50.10
Fair value $35.34
Price $73.44
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish62% buy · 13 covering analysts
● Strong buy 7● Buy 1● Hold 5● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+0.2%
1 month
+12.3%
3 months
-14.1%
6 months
-18.6%
YTD
-6.9%
1 year
-7.2%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
24 Oct 2026, 16:06 CESTFair value$35.34$39.61$73.44
24 Oct 2026, 16:06 CESTRatingOvervaluedfirst publication$73.44
17 Oct 2026, 00:00 CESTFair value$39.61$39.20$74.39
12 Oct 2026, 00:00 CESTFair value$39.20$36.60$69.99
9 Oct 2026, 00:00 CESTFair value$36.60$37.14$67.13
29 Sept 2026, 00:00 CESTFair value$37.14$37.54$66.05
26 Sept 2026, 00:00 CESTACCE price target$66.00first publication$66.05
25 Sept 2026, 00:00 CESTFair value$37.54$36.79$65.38
18 Sept 2026, 00:00 CESTFair value$36.79$37.27$64.15
6 Sept 2026, 00:00 CESTFair value$37.27$37.73$73.83

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth64Value46Quality85Momentum25Total55
Valuation
Trailing P/E
29.9x
Forward P/E
24.9x
PEG
0.18
P/B
8.28x
EV / Revenue
4.2x
Book value/sh
$7.90
Enterprise value
$13.2B
Profitability
ROE
38.7%
FCF yield
2.71%
ROIC
12.7%
Health and risk
Debt / equity
0.66
Dividend yield
0.74%
Beta
0.71

Price

-8.2% · 1Y

Ask anything about ULS

Answered from UL Solutions Inc. Class A Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 83% of peers
low 28.8x29.9xhigh 37.7x
ROEbetter than 100% of peers
low 6%39%high 39%
Div yieldbetter than 0% of peers
low 0.7%0.7%high 2.8%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
ULS UL Solutions Inc. Class A Common Stock$73.44$35108% above29.9x38.7%8555
RBA RB Global Inc. Common Stock$84.19$7217% above35.3x8.1%6252
RBA.TO RB Global, Inc.C$117.87C$10413% above36.7x8.1%6252
ARMK Aramark Common Stock$52.56$25108% above36.8x11.7%3463
ITRK.L Intertek Group plc£59.25£3856% above28.8x29.9%7262
RTO Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares)$22.77$217% above33.0x6.0%4643
RTO.L Rentokil Initial plc£3.39£334% above37.7x6.0%4643

Sector report card

Where ULS ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 12, 2026
    UL Solutions Opens Expanded Plano HVACR Testing Center to Address Heightened Customer Demand
  • Business Wire•Oct 6, 2026
    UL Solutions Launches Modeling and Simulation Service for Gypsum Board Manufacturers
  • Business Wire•Oct 2, 2026
    Eurofins Completes the Divestment of Its Electrical & Electronic Testing Business to UL Solutions
20 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 9
Form 4Insider transactionPeriod 2026-10-08
View on SEC →
Oct 7
Form 4Insider transactionPeriod 2026-10-05
View on SEC →
Oct 7
Form 4Insider transactionPeriod 2026-10-05
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR