Stock fact sheet · data as of
The Williams Companies, Inc. (WMB): fair value, margin of safety and Wheel Score
Ticker symbol WMB · Energy · Oil & Gas Midstream · United States · Growth
Is WMB undervalued?
The Williams Companies, Inc. (WMB) closed at 67.86 on 5 Nov 2026, 66% above the GLS average fair value of 41.00. 7 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The 8 models disagree widely: GLS Growth gives 22.08 while Graham Growth gives 101.07. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, WMB is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 18, growth score 55, out of 100).
Nine valuation models for WMB
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 | 53.40 | -21% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 26.87 | -60% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 101.07 | +49% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 40.95 | -40% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 22.08 | -67% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 25.04 | -63% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 30.53 | -55% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 28.06 | -59% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -32.26 | -148% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 87.25 | +29% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - WMB passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 4.2 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are moderate - ROIC 6.2%, ROE 20.4%, ROA 4.5% - with debt at 2.30 times equity and negative free cash flow. Debt of 2.30 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 3.06% at a payout ratio of 82%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Transmission, Power & Gulf 40%, West 21%, Gas & NGL Marketing Services 19% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 8/10 and Congressional trading 1/10 on the GLS smart-money scales; the last recorded Congressional buy was on 20 Aug 2026.
| Piotroski F-score | 5 / 9 | ROIC | 6.2% |
|---|---|---|---|
| GLS Moat | 4.2 / 10 | ROE | 20.4% |
| Debt / equity | 2.30 | ROA | 4.5% |
| Free-cash-flow yield | -2.0% | Payout ratio | 82% |
| Institutions | 10 / 10 | Insiders · Congress | 8 · 1 / 10 |
Wheel Score 40: Weak
WMB scores 40 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 66% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 5, can repay its debt - 4.6 years to repay its debt (over 3), and the parts are thin too - value weak, premium strong, moat fair, health fair, red flags fair, option trading strong, stability strong. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 35% 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: 305,507 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 20.5M shares a day on a market cap of $84.8B, with a beta of 0.64 - a low beta, so day-to-day moves are smaller than the market's; 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 66% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | 4.6 years to repay its debt (over 3) |
| 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 | 66% above fair value | |
| Premium | Strong | implied volatility 35% | |
| Moat | Fair | moat 4.2/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Strong | 53,425 contracts a day, 305,507 open interest | |
| Stability | Strong | beta 0.64, $84.8B 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
No upcoming earnings date is recorded for WMB in the nightly calendar. The next ex-dividend date is 11 Dec 2026 (0.5250 per share).
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Midstream
The 12 companies below are the closest to The Williams Companies, Inc. by market cap within the Oil & Gas Midstream 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 |
|---|---|---|---|---|---|
| EPD Enterprise Products Partners L.P. | 36.71 | 35.80 | -3% | 37Weak | $79.3B |
| KMI Kinder Morgan, Inc. | 31.52 | 24.27 | -30% | 39Weak | $70.2B |
| ENB Enbridge Inc. | 48.78 | 37.29 | -31% | 28Weak | $108.7B |
| TRP TC Energy Corporation | 62.67 | 53.43 | -17% | 35Weak | $65.3B |
| TRGP Targa Resources Corp. | 285.00 | 154.52 | -84% | 41Weak | $61.1B |
| LNG Cheniere Energy, Inc. | 292.02 | 482.62 | +39% | 58Fair | $59.6B |
| MPLX MPLX Lp | 56.25 | 61.40 | +8% | 35Weak | $57.0B |
| OKE ONEOK, Inc. | 88.60 | 113.66 | +22% | 48Weak | $55.9B |
| VG Venture Global, Inc. | 12.00 | 24.59 | +51% | 52Fair | $30.0B |
| PBA Pembina Pipeline Corporation | 48.73 | 34.41 | -42% | 35Weak | $28.3B |
| CQP Cheniere Energy Partners, L.P. | 56.68 | 123.94 | +54% | 51Fair | $27.4B |
| TCPA TransCanada PipeLines Limited 6 | 21.13 | 37.12 | +43% | 34No options | $21.4B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about WMB
Is WMB undervalued right now?
No: at 67.86 the stock trades 66% above the GLS average fair value of 41.00 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of WMB and what does it mean?
WMB scores 40 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4, 5. 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 WMB?
41.00 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 The Williams Companies, Inc. report earnings next?
No upcoming earnings date is recorded for WMB in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does WMB have listed options, and how liquid are they?
Yes. The nightly snapshot found 438 listed contracts with 305,507 open interest across all expiries and implied volatility of 35% 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.