WMB

NYSE

WILLIAMS COMPANIES, INC.

Energy, Oil & Gas Storage & Transportation

$70.40

close 7 Aug 2026

+21.25%

52-week change

$86.11B

market cap

$55.82

$80.08

52-week range

Expected price

$58.75 – $71.81

Current price

$70.40

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)28.05x

P/S (TTM)7.06x

P/B6.53x

EV/EBITDA (TTM)16.65x

FCF yield (TTM)-0.13%

PEG (TTM, GAAP)3.25

Context

P/E, own 5-year average25.11x

P/E, sector median15.54x*

Price at 5-year median P/E$63.81*

Indicated dividend yield2.98%

Forward — analyst consensus

Forward P/E (FY2026)28.85x*

Forward P/E (FY2027)27.38x

Forward PEG5.38*

Consensus EPS FY2026 (8 analysts)$2.44

EPS growth (FY2026→FY2027)5.36%

Revenue growth (FY2026)1.86%

Street view

Price target (mean)$84.50*

Target upside20.03%

Ratings (buy / hold / sell)19 / 3 / 0

FY2026 EPS revisions, 30d (up / down)4 / 5

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 3 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR -14.94%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$70.40

Cash & equivalents—

Total debt$30.32B

Shares outstanding1.22B

Result

DCF price per share—

Current price$70.40

Margin of safety—

PV of years 1–10-$363.68M

PV of terminal value-$184.84M

Equity value—

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$91.86M	-$78.14M	-$66.47M	-$56.54M	-$48.09M	-$40.90M	-$34.79M	-$29.60M	-$25.17M	-$21.41M	-$399.06M
PV	-$85.06M	-$66.99M	-$52.76M	-$41.56M	-$32.73M	-$25.78M	-$20.30M	-$15.99M	-$12.59M	-$9.92M	-$184.84M

period to 30 Jun 2026, filed 3 Aug 2026, close 7 Aug 2026