Workhorse Group, Inc. (WKHS) Fair Value 2026

WKHS · Auto Manufacturers ·

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

Quality Score

5.6 /10

32 fundamental signals · 2 models active

Value Trap Risk

LOW (26/100)

Quick Summary — As of 2026-08-28, Workhorse Group, Inc. (WKHS) trades at $3.07, versus a $4.79 median fair value across its 2 active models — 56.1% above the current price. QOC: 5.6/10. Value Trap Risk: 26/100 (LOW). 2/13 models active.

Key Facts

Ticker
WKHS
Price
$3.07
Quality Score
5.6/10
Value Trap Risk
26/100
Models Active
2/13
Last Updated
Strength: PWERM suggests +118.9% upside with 33% confidence
Risk: Limited model coverage (2/13) may reduce confidence

Is Workhorse Group, Inc. (WKHS) Undervalued or Overvalued in 2026?

According to CirclFi’s 2-model valuation engine, Workhorse Group, Inc. (WKHS) appears undervalued as of : the median of 2 independent fair value estimates is $4.79, 56.1% above the current price of $3.07. Estimates range from $2.87 to $6.72. WKHS scores 5.6/10 on fundamental quality and 26/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. WKHS’s +56.1% gap is wider than that market norm, and the Auto Manufacturers sector median is +15.9%. 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 Workhorse Group, Inc. Stock in 2026? →

What Fair Value Does Each Model Give WKHS?

2 Intrinsic Value Models vs. Current Price ($3.07)

Core Models (Unlocked)
Model Fair Value Upside
Asset-Based · High Conviction
 $2.87 -6.6%
Option-Based · Medium Conviction
 $6.72 +118.9%

All Models Active

All 2 models are displayed above.

What Is Workhorse Group, Inc. (WKHS) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Workhorse Group, Inc. presents a highly debated valuation profile at its current price of $3.07. The median intrinsic value is estimated at $4.79 (+56.1% median upside), masking a wide model spread between the 1 bullish models and 1 bearish models. Model dispersion is worth noting: PWERM targets $6.72 (+118.9%), versus Dynamic NAV at $2.87 (-6.6%). This +125.5% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About WKHS?

2 of 13 models are currently active for WKHS. Of these, 1 model suggests upside while 1 model suggests overvaluation. Taken together, their median fair value for WKHS is $4.79 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does WKHS Rank in Auto Manufacturers?

Among 30 Auto Manufacturers stocks, WKHS ranks #14 by Quality of Company score. CirclFi's QOC score of 5.6/10 evaluates 32 fundamental signals. A score of 5.6 reflects mixed fundamentals.

As a transportation company, Workhorse Group, Inc. operates in a sector where inventory days supply is a critical driver of valuation. Investors evaluating WKHS should weigh these sector-specific dynamics alongside our model-derived fair values.

Is WKHS a Value Trap?

CirclFi's Value Trap algorithm assigns WKHS a score of 26/100 (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

2 of 13 models are active for Workhorse Group, Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, Workhorse Group, Inc.'s fundamental quality profile registers 5.6/10. This respectable 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 +125.5% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every WKHS 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 WKHS's 2 active models, average confidence is 43%. Lower confidence may reflect limited history or high volatility.

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 Workhorse Group, Inc. Stock in 2026? →

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

Which Similar Auto Manufacturers Stocks Should You Also Analyze?

11 related Auto Manufacturers stocks with 13-model coverage

CENNCenntro Inc.QOC 5.7LVWRLiveWire Group, Inc.QOC 5.5STLAStellantis N.V.QOC 6.6SSMSono Group N.V.QOC 5.4GMGeneral Motors CompanyQOC 6.7RIVNRivian Automotive, Inc.QOC 5.4FLYEFly-E Group, Inc.QOC 4.8LOBOLobo Technologies Ltd.QOC 2.3XPEVXPeng Inc.QOC 7.4RACEFerrari N.V.QOC 9.7TSLATesla, Inc.QOC 8.4

Read investment analysis: CENN · LVWR · STLA · SSM · GM · RIVN · FLYE · LOBO · XPEV · RACE · TSLA

Which Other Stocks Have a Similar Quality Score to WKHS?

7 companies across all industries closest to WKHS’s Quality of Company score of 5.6/10.

OBIOOrchestra BioMed Holdings, Inc.QOC 5.6DNTHDianthus Therapeutics, Inc.QOC 5.6CRGOFreightos LimitedQOC 5.6DOMHDominari Holdings Inc.QOC 5.6RLBYReliability IncorporatedQOC 5.6WTERThe Alkaline Water Company Inc.QOC 5.6NVDANVIDIA CorporationQOC 10.0

Read investment analysis: OBIO · DNTH · CRGO · DOMH · RLBY · WTER · NVDA

What Else Do Investors Ask About Workhorse Group, Inc.’s Valuation?

What is Workhorse Group, Inc.'s intrinsic value in 2026?

CirclFi puts Workhorse Group, Inc. (WKHS)'s intrinsic value at $4.79 — the median of 2 independent model estimates as of 2026-08-28, ranging from $2.87 to $6.72. The Quality of Company score is 5.6/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is WKHS overvalued or undervalued right now?

At $3.07, 1 of 2 active models suggest WKHS may be undervalued, while 1 indicate potential overvaluation. The median of all 2 fair value estimates is $4.79, 56.1% above the current price of $3.07 — a consensus view that WKHS is undervalued. The assessment depends on which methodology best fits Workhorse Group, Inc.'s business model in Auto Manufacturers.

What does a Quality of Company score of 5.6 mean for WKHS?

Workhorse Group, Inc.'s QOC of 5.6/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on WKHS?

CirclFi analyzes WKHS 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 2 of 13 are active for this stock. Read the full methodology →

Is WKHS a value trap in 2026?

Workhorse Group, Inc.'s Value Trap score is 26/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap. Browse stocks by value-trap risk →

Cite this analysis — “According to CirclFi’s 2-model valuation engine, Workhorse Group, Inc. (WKHS) has a median fair value of $4.79 — 56.1% above the current price of $3.07 — as of 2026-08-28.” Source: circlfi.com/stock/WKHS/ · Methodology
Primary sources for this WKHS valuation
  • Financial statements: Workhorse Group, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001425287) — 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 WKHS as of ; valuations recomputed .