Willis Towers Watson Public Limited Company logo WTW - Willis Towers Watson Public Limited Company

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 18
HOLD 9
SELL 1
STRONG
SELL 0
| PRICE TARGET: $339.42 DETAILS
HIGH: $382.00
LOW: $275.00
MEDIAN: $342.00
CONSENSUS: $339.42
UPSIDE: 18.47%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Moderate
Trading 15.3% below fair value
Current Price $286.51
Bear Case $338.20 18.0% upside ($338.20 - $286.51) / $286.51 = 18.0% ROTCE 15.1% → 4.00x TBV
Fair Value $338.20 18.0% upside ($338.20 - $286.51) / $286.51 = 18.0% ROTCE 20.1% → 4.00x TBV
Bull Case $338.20 18.0% upside ($338.20 - $286.51) / $286.51 = 18.0% ROTCE 23.1% → 4.00x TBV

Adjust Assumptions

20.1%
6.7%

Key Value Driver

ROTCE (20.1%) vs. cost of equity (6.7%)

Implied Market Multiple 3.39x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $339.42 from 29 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $338.20 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.
ℹ Dividend-based valuation: $104.58 (69% below our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly