John Wiley & Sons, Inc. (WLY) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+247.7%

$175.63

vs $50.51 price

Levered DCF

$61.30

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.11

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.7×	27.97×	-10.29×	123.26×	19.13×	21.49×	-28.45×	15.71×
P/B	2.53×	3.14×	2.79×	2.03×	2.48×	2.92×	2.26×	2.24×
P/S	1.28×	1.41×	1.1×	1.05×	1.36×	1.64×	1.15×	1.47×
EV / EBITDA	7.01×	9.23×	71.43×	10.18×	8.27×	9.74×	8.02×	7.8×
Gross margin	74.3%	71.2%	66.1%	61.5%	62.3%	63.9%	64.3%	66.1%
Operating margin	16.5%	14.7%	11.9%	10.2%	10.5%	11.3%	9.9%	12.6%
Net margin	13.2%	5.0%	-10.7%	0.9%	7.1%	7.6%	-4.1%	9.3%
Current ratio	0.54×	0.54×	0.52×	0.6×	0.57×	0.53×	0.66×	0.57×
Debt / equity	0.91×	1.2×	1.2×	0.85×	0.82×	0.91×	1.02×	0.41×
Interest coverage	6.31×	4.7×	4.57×	5.43×	11×	11.9×	7.29×	14.09×
Dividend yield	3.5%	3.2%	3.7%	3.6%	2.7%	2.4%	3.6%	2.9%
Payout ratio	33.6%	90.4%	-38.4%	448.5%	52.1%	51.9%	-103.2%	45.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	26.1%	11.2%	-27.1%	1.6%	13.0%	13.6%	-8.0%	14.2%
Return on invested capital	15.0%	7.7%	11.9%	4.8%	6.3%	7.4%	8.0%	8.7%
Return on assets	8.6%	3.1%	-7.3%	0.6%	4.4%	4.3%	-2.3%	5.7%
Free cash flow yield	8.2%	5.1%	5.1%	8.0%	7.7%	7.1%	9.4%	6.2%
Earnings yield	10.3%	3.6%	-9.7%	0.8%	5.2%	4.7%	-3.5%	6.4%
Enterprise value	$2.8B	$3.2B	$2.9B	$2.9B	$3.7B	$4.1B	$2.9B	$3B
Net debt / EBITDA	1.71×	2.37×	20.02×	2.73×	1.89×	2.14×	2.11×	0.99×
Cash conversion cycle (days)	13	21	27	31	39	31	34	29