WMS

Advanced Drainage Systems, Inc.

Basic Materials · $9.8B market cap

Verdict

Share price

$127.27

close of Oct 3, 2026

Fair value

$101.37

Sticker Price

Payback Price

$40.55

buy price

Overpriced

WMS is Overpriced: at $127.27 it trades 26% above its fair value of $101.37. Its buy price (Payback Price) is $40.55, 68% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew -0% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth30.2% a year✓
Equity per share growth16.1% a year✓
Sales growth9.1% a year✗
Free cash flow growth25.0% a year✓
Return on invested capital15.8%✓

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Superinvestors

None of the investors we track holds WMS right now. In Q2 2026, 1 sold out. Who we track

Moves in Q2 2026

Sold out: First Eagle Investment Management

Insider activity

Since Jun 12, 2026: no open-market purchases and 12 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About Advanced Drainage Systems, Inc.

Advanced Drainage Systems, Inc., established in Hilliard, Ohio in 1966, is a leading provider of innovative water management solutions. The company specializes in the design, manufacturing, and global distribution of thermoplastic corrugated pipes and related drainage products, primarily targeting the underground construction and infrastructure sectors across the United States, Canada, Mexico, and other…

Construction Materials

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works