Waystar Holding Corp. (WAY) Fair Value 2026

WAY · Health Information Services ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

7.7 /10

32 fundamental signals · 11 models active

Value Trap Risk

LOW (25/100)

Quick Summary — As of 2026-08-27, Waystar Holding Corp. (WAY) trades at $25.25, versus a $25.58 median fair value across its 11 active models — 1.3% above the current price. QOC: 7.7/10. Value Trap Risk: 25/100 (LOW). 11/13 models active. Within that set, the Bayesian DCF component alone returns $47.00.

Key Facts

Ticker
WAY
Price
$25.25
Quality Score
7.7/10
Value Trap Risk
25/100
Models Active
11/13
Last Updated
Strength: First Chicago suggests +101.5% upside with 61% confidence
Risk: Limited model coverage (11/13) may reduce confidence

Is Waystar Holding Corp. (WAY) Undervalued or Overvalued in 2026?

According to CirclFi’s 11-model valuation engine, Waystar Holding Corp. (WAY) appears fairly valued as of : the median of 11 independent fair value estimates is $25.58, within 1.3% of the current price of $25.25. Estimates range from $2.34 to $82.63. WAY scores 7.7/10 on fundamental quality and 25/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. WAY’s +1.3% gap is narrower than that market norm, and the Health Information Services sector median is +4.5%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Waystar Holding Corp. Stock in 2026? →

What Fair Value Does Each Model Give WAY?

11 Intrinsic Value Models vs. Current Price ($25.25)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $47.00 +86.1%
Intrinsic · High Conviction
 $2.34 -90.7%
Ensemble · Low Conviction
 $27.22 +7.8%
Scenario · High Conviction
 $50.88 +101.5%
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What Is WAY's Fair Value Range?

Spread across 11 independent models · $2.34 to $82.63

CirclFi's 11 active models place Waystar Holding Corp. (WAY) between $2.34 and $82.63 per share, a spread of 314% of the median. The median of that range — $25.58 — is the fair value CirclFi publishes for WAY, against a current price of $25.25.

Low · EPVHigh · Regime Cross
$2.34median $25.58$82.63
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$2.34
Most bullish modelRegime Cross-Sectional$82.63
Model agreement5 bullish · 4 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for WAY. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on WAY, not a CirclFi price target. How each model works →

What Is Waystar Holding Corp. (WAY) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Waystar Holding Corp.'s intrinsic value is estimated at $25.58, presenting a divided outlook at the current price of $25.25. With a median implied return of +1.3% across a split 5–4 (bull–bear) consensus, the model spread of +318.0% underscores analytical uncertainty. Notably, Regime Cross sees the most upside at +227.3% (fair value: $82.63), while EPV is the most conservative at -90.7% ($2.34). The spread between these extremes — +318.0% — reveals how different analytical frameworks can reach starkly different conclusions. Among models with highest confidence, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About WAY?

11 of 13 models are currently active for WAY. Of these, 6 models suggest upside while 5 models suggest overvaluation. Taken together, their median fair value for WAY is $25.58 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $47.00 on its own, implying +86.1% upside from the current price. See which stocks rank higher →

How Does WAY Rank in Health Information Services?

Among 55 Health Information Services stocks, WAY ranks #12 by Quality of Company score. CirclFi's QOC score of 7.7/10 evaluates 32 fundamental signals. A score of 7.7 indicates above-average quality.

See all Most Undervalued Health Information Services Stocks →

Waystar Holding Corp. operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is WAY a Value Trap?

CirclFi's Value Trap algorithm assigns WAY a score of 25/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

11 of 13 models are active for Waystar Holding Corp.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, Waystar Holding Corp.'s fundamental quality profile registers 7.7/10. This robust score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +318.0% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every WAY valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across WAY's 11 active models, average confidence is 51%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Waystar Holding Corp. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Health Information Services Stocks Should You Also Analyze?

11 related Health Information Services stocks with 13-model coverage

PRVAPrivia Health Group, Inc.QOC 7.9TXG10x Genomics, Inc.QOC 7.6GDRXGoodRx Holdings, Inc.QOC 8.1CERTCertara, Inc.QOC 7.6OPRXOptimizeRx CorporationQOC 8.3OMCLOmnicell, Inc.QOC 7.5SYSo-Young International Inc.QOC 6.5CTEVClaritev CorporationQOC 5.6ESSIEco Science Solutions, Inc.QOC 3.9DOCSDoximity, Inc.QOC 9.6HQYHealthEquity, Inc.QOC 9.5

Read investment analysis: PRVA · TXG · GDRX · CERT · OPRX · OMCL · SY · CTEV · ESSI · DOCS · HQY

Which Other Stocks Have a Similar Quality Score to WAY?

7 companies across all industries closest to WAY’s Quality of Company score of 7.7/10.

TNLTravel + Leisure Co.QOC 7.7VPGVishay Precision Group, Inc.QOC 7.7COHNCohen & Company Inc.QOC 7.7BHBBar Harbor BanksharesQOC 7.7SGCSuperior Group of Companies, Inc.QOC 7.7REZIResideo Technologies, Inc.QOC 7.7NVDANVIDIA CorporationQOC 10.0

Read investment analysis: TNL · VPG · COHN · BHB · SGC · REZI · NVDA

Where Does WAY Sit in CirclFi's Health Information Services Rankings?

WAY is ranked against every other Health Information Services stock CirclFi covers in each of these screens.

See all Health Information Services stocks ranked →

What Else Do Investors Ask About Waystar Holding Corp.’s Valuation?

What is Waystar Holding Corp.'s intrinsic value in 2026?

CirclFi puts Waystar Holding Corp. (WAY)'s intrinsic value at $25.58 — the median of 11 independent model estimates as of 2026-08-27, ranging from $2.34 to $82.63. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $47.00 on its own. The Quality of Company score is 7.7/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is WAY overvalued or undervalued right now?

At $25.25, 6 of 11 active models suggest WAY may be undervalued, while 5 indicate potential overvaluation. The median of all 11 fair value estimates is $25.58, within 1.3% of the current price of $25.25 — a consensus view that WAY is fairly valued. The assessment depends on which methodology best fits Waystar Holding Corp.'s business model in Health Information Services.

What does a Quality of Company score of 7.7 mean for WAY?

Waystar Holding Corp.'s QOC of 7.7/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on WAY?

CirclFi analyzes WAY with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 11 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on WAY?

Of the 11 models currently active on WAY, Regime Cross-Sectional is the most bullish at $82.63 per share, and Earnings Power Value (EPV) is the most bearish at $2.34. CirclFi's published fair value for WAY is the median of that range, $25.58, not either extreme. The gap between the two ends equals 314% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is WAY a value trap in 2026?

Waystar Holding Corp.'s Value Trap score is 25/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 11-model valuation engine, Waystar Holding Corp. (WAY) has a median fair value of $25.58 — within 1.3% of the current price of $25.25 — as of 2026-08-27.” Source: circlfi.com/stock/WAY/ · Methodology
Primary sources for this WAY valuation
  • Financial statements: Waystar Holding Corp. 10-K and 10-Q filings on SEC EDGAR (CIK 0001990354) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for WAY as of ; valuations recomputed .

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