Research / Stock / WMB
W
WMB
WILLIAMS COMPANIES, INC.
71.08
+0.11 +0.15%
close 2026-08-25
Assumptions
15.8%
Market is pricing 15.8%— you agree
Actually grew -14.9%/yrFCF, 2020–2025 — the market is pricing 30.7pts FASTER than history
10 yrs
3.00%
6.42%
6.4% derived for this company beta 0.56 (1254d vs the S&P 500) · cost of equity 7.2% = 4.7% risk-free + 0.56 × 4.5% premium · 24% debt at 5.0%, taxed at 24%
Fair value
$71.15
+0.1%
At the market's assumptionsCurrent price $71.08Enterprise value 86.9B
Bear $47.43 (10.8% growth)Bull $105.64 (20.8%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 15.8%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
19% the 10 forecast years81% terminal value
Over three quarters of this valuation sits beyond the forecast horizon, in a single assumption about growth forever. Lengthening the projection or lowering terminal growth moves that share.