3 models fit Where Food Comes From Inc. 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)Silver68
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionWhere Food Comes From Inc. Common Stock (WFCF)
Fair value (3 models)
$7.51
ACCE price target
$15.33
Rating
Overvalued
Horizon
12 months
Fair value published on 24 Oct 2026, 17:04 CEST; previously $6.06 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 17:04 CEST.
Price used: $14.98 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
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
99.6% above
-49.9% to fair value
ACCE score
55
out of 100
P/E
53.5x
forward 30.6x
1-year return
+22.8%
Dividend yield
0.00%
Where Food Comes From Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Where Food Comes From Inc. (WFCF) sells third-party verification and certification services that confirm how food was produced, covering animal welfare, sustainability, and origin claims for farms, processors, and retailers. Its moat rests on being an accredited auditor that brands rely on for label claims, which gives it recurring, audit-driven revenue and a 38.3% gross margin. Revenue growth has stalled at 0.7%, so any upside depends on margin expansion and a pickup in demand for verified labeling rather than top-line momentum. The 10.1% operating margin and 15.4% ROE are real, but the 49.6 trailing P/E against a 7.9 forward P/E points to a sharp expected earnings rebound that the business has not yet shown. At a $69M market cap with no index membership, the stock is small and thinly followed enough that the gap between those two multiples is worth checking in the filings before we decide whether it merits a deeper look.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
high
Earnings falling despite flat revenue
Revenue grew only 0.7% YoY while earnings fell 25.0%, and the operating margin of 10.1% is squeezed. The P/E of 53.2 leaves little room for further earnings decline.
moderate
Thin free cash flow
Free cash flow is only $1M against a $74M market cap, so cash generation provides little cushion if earnings weaken further.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Return on equity of 15.4% and return on invested capital of 11.7% show the business earns solid returns on the capital it uses.
Debt is light at 0.15 times equity, and the diluted share count fell 3.2% last fiscal year, so existing holders own a larger slice.
Analysts' mean price target of $18.30 sits 22.8% above the current share price, which points to upside in their view.
Why it could disappoint
Revenue grew just 0.7% year over year, well below the 4.4% average annual growth of the past five years.
Free cash flow over the last twelve months was only $1M, a 2.0% yield at this price, while the stock trades on a trailing P/E of 53.2x.
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 WFCF's valuation models land
Price
$14.98
Model fair value
$7.51
Model range
$5.32 to $10.59
Fair value $7.51
Price $14.98
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
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Analysts
Wall Street consensus
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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
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