Stock fact sheet · data as of
Workday, Inc. (WDAY): fair value, margin of safety and Wheel Score
Ticker symbol WDAY · Technology · Software - Application · United States · Class A common stock · Growth
WDAY is Workday, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is WDAY undervalued?
Workday, Inc. (WDAY) closed at 201.84 on 5 Nov 2026, 17% above the GLS average fair value of 172.19. Only 3 of the 8 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" Wheel Trade Filter; a premium of this size is common for companies whose growth the models are conservative about.
There is a wide gap between Lynch (34.51) and Payback Time (451.43). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, WDAY is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 16, growth score 77, out of 100).
Nine valuation models for WDAY
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 129.23 | -36% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 54.05 | -73% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 109.17 | -46% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 34.51 | -83% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 307.00 | +52% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 236.38 | +17% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 451.43 | +124% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 55.72 | -72% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -7.63 | -104% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 201.85 | +0% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Workday, Inc. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. On durability WDAY scores 5.6/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are moderate - ROIC 6.0%, ROE 8.9%, ROA 3.8% - with debt at 0.49 times equity and a free-cash-flow yield of 5.8%.
Workday, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Subscription Services 93%, Professional Services 7% (quarter Q2 FY2027).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 2/10 on the GLS smart-money scales; the last recorded Congressional buy was on 18 Aug 2026.
| Piotroski F-score | 8 / 9 | ROIC | 6.0% |
|---|---|---|---|
| GLS Moat | 5.6 / 10 | ROE | 8.9% |
| Debt / equity | 0.49 | ROA | 3.8% |
| Free-cash-flow yield | 5.8% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 2 / 10 |
Wheel Score 46: Weak
With a Wheel Score of 46 Workday, Inc. sits in the Weak band. It fails filter 3, below fair value - trades 17% above our fair value; Value (weak) is its weakest part.
Implied volatility is 56% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 86,697 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 3.0M shares a day on a market cap of $48.6B, with a beta of 1.01; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 17% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 17% above fair value | |
| Premium | Strong | implied volatility 56% | |
| Moat | Fair | moat 5.6/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Strong | Red Flags score 95/100 | |
| Option trading | Good | 2,213 contracts a day, 86,697 open interest | |
| Stability | Strong | beta 1.01, $48.6B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 24 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Analysts downgraded WDAY 1 time in the last 30 days with no upgrades; the latest action was a reiterated rating by BTIG on 16 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to Workday, Inc. by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ROP Roper Technologies, Inc. | 492.22 | 630.67 | +22% | 49Weak | $48.7B |
| TEAM Atlassian Corporation | 189.88 | 95.09 | -100% | 37Weak | $48.1B |
| VEEV Veeva Systems Inc. | 310.63 | 179.19 | -73% | 44Weak | $50.3B |
| ADSK Autodesk, Inc. | 270.09 | 213.31 | -27% | 47Weak | $56.4B |
| MSTR Strategy Inc | 142.54 | - | - | 28Weak | $57.4B |
| DDOG Datadog, Inc. | 188.72 | 33.55 | -462% | 41Weak | $67.8B |
| NBIS Nebius Group N.V. | 141.52 | 9.50 | -1389% | 26Weak | $34.0B |
| STRC Strategy Inc | 99.98 | - | - | 17Weak | $33.1B |
| STRF MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock | 102.79 | - | - | 23Weak | $30.5B |
| BSP Bending Spoons S.p.A. | 46.58 | 17.74 | -163% | 34Weak | $29.6B |
| ZM Zoom Communications, Inc. | 91.84 | 200.16 | +54% | 57Fair | $26.8B |
| CDNS Cadence Design Systems, Inc. | 329.52 | 111.33 | -196% | 45Weak | $90.4B |
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Start free See the Sunday ScanQuestions about WDAY
What kind of share is WDAY?
WDAY is Workday, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is WDAY undervalued right now?
No: at 201.84 the stock trades 17% above the GLS average fair value of 172.19 (data as of 5 Nov 2026). The margin of safety is negative.
What is the Wheel Score of WDAY and what does it mean?
WDAY scores 46 out of 100 (Weak) - it fails Wheel Trade Filter 3. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for WDAY?
172.19 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Workday, Inc. report earnings next?
The next earnings report is due on 24 Nov 2026 (after the close), 19 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does WDAY have listed options, and how liquid are they?
Yes. The nightly snapshot found 558 listed contracts with 86,697 open interest across all expiries and implied volatility of 56% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.