DHT Holdings Inc (DHT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of DHT Holdings Inc stock $8.11, price $20.68, that is 60.8% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $3.16 – $26.59 · fair‑value band $7.95 – $10.68 · the $20.68 price screens above the $8.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India. The company also offers technical management services. As of December 15, 2025, it had a fleet of 22 very large crude carriers.
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The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
Stock analysis
DHT Holdings Inc (DHT) currently trades at $20.68, while our model-based Fair Value estimate is $8.11, 61% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $17.37 per share, and 1 of the 17 models we run sit above the $20.68 price.
Bear case: the DCF Models group reads lowest at $0.9300, and 16 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: $7.95 (bear) to $10.68 (bull), the price of $20.68 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
DHT Holdings Inc reported revenue of $497M in FY2025 versus $296M in FY2021, a compound +13.9%/yr. Reported net income was $211M in FY2025.
Key figures
Market cap $3.3B Mid · P/E ratio 7.0 · P/S ratio 4.18 · EPS (TTM) $2.94 · Dividend yield 11.8% · Net margin 59.3% · Return on equity 39.2% · Return on assets (EBIT) 8.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 101% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −30% fair-value upside, at −61%, DHT screens richer than that median.
Fair Value models
Bear$7.95Fair Value $8.11Bull$10.68
Price $20.68 · Downside -60.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4188 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 6 officers or directors sold shares worth $11.8M and none bought.
SaleErik LindDirector30,000 shares at $22.46$673,800Sep 15, 2026
SaleJon Stephen EglinChartering & Operations3× since Aug 19, 2026: 100,000 shares, avg. $20.33$2.0MSep 4, 2026
SaleSvenn Magne EdvardsenTechnical Director341,007 shares at $20.29$6.9MAug 21, 2026
SaleSophie RossiniDirector33,000 shares at $20.04$661,320Aug 21, 2026
SaleLaila Cecilie HalvorsenChief Financial Officer50,000 shares at $20.00$1.0MAug 20, 2026
SaleJeremy KramerDirector29,796 shares at $18.65$555,695Aug 7, 2026
Plus 9 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.18/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−13.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.4%
Start year 2020 (pandemic). Over 10 years: +3.1% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+17.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.6%
Dividend (yield on the price)11.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.6% vs 22.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.45% → 34%
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: The business draws strength from a VLCC fleet blending spot flexibility with multi-year charters yet faces a limited durable moat in cyclical tanker shipping and negative free cash flow.
Main risk: Variable oil transport demand threatens revenue stability from the spot-rate VLCC operations once market conditions normalize.
DHT runs a fleet of VLCC tankers that earn variable spot rates amid global disruptions while locking in revenue on select multi-year charters. Ongoing deliveries of modern vessels expand efficient capacity after older ships exit. Our models see it as overvalued. Will the balance of spot flexibility and contracted income prove resilient or leave earnings vulnerable once market conditions normalize?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Midstream · 81 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−60.8% · Bottom 25%
Profitability
Return on equity (12 months)39.2% · Top 25%
Return on assets13.2% · Top 25%
Net margin (12 months)59.3% · Top 25%
Operating margin (12 months)71.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)95.5% · Top 25%
Dividend yield (12 months)11.8% · Top 25%
Balance sheet
Debt / equity0.34× · Lowest 25%
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
P/E (12 months)7.0× · Cheapest 25%
P/B2.94× · Pricier than median
P/S (12 months)4.18× · Pricier than median
EV/EBITDA6.3× · Cheaper than median
PEG1.19× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)100· sector 100
PAST (return on equity)100· sector 52
HEALTH (low debt)83· sector 55
DIVIDEND (yield)100· sector 79
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is DHT Holdings Inc (DHT) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $8.11 versus a price of $20.68, about 61% lower (overvalued).
What is the fair value of DHT?
Our model-based fair value for DHT Holdings Inc is $8.11 (as of Nov 7, 2026), built from audited fundamentals. The current price: $20.68.
What is the quality score of DHT?
DHT Holdings Inc has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for DHT Holdings Inc (DHT)?
Our model-based price target is the fair value of $8.11 (as of Nov 7, 2026) from 17 valuation models. Cautious scenario $7.95, optimistic scenario $10.68. It is a calculation from audited fundamentals, not an analyst target.
What is the DHT Holdings Inc stock forecast for 2026?
Our models put fair value at $8.11, about 61% lower versus a price of $20.68 (overvalued). Cautious scenario $7.95, optimistic scenario $10.68. The calculation is refreshed regularly with new filings.
What is the revenue of DHT Holdings Inc (DHT)?
DHT Holdings Inc reported trailing-twelve-month revenue of about $799M (latest available figure, as of Nov 7, 2026).
Does DHT Holdings Inc pay a dividend?
DHT Holdings Inc currently shows a dividend yield of 11.85% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of DHT Holdings Inc (DHT) and when is the ex-dividend date?
DHT Holdings Inc pays a dividend of $2.45 per share a year, a dividend yield of 11.8%. The last ex-dividend date was Aug 17, 2026. A dividend has been paid every year since at least 2006. The payout ratio is 83.3% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of DHT Holdings Inc (DHT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DHT Holdings Inc it is $8.11 per share (as of Nov 7, 2026), against a price of $20.68. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is DHT Holdings Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, DHT trades above its calculated fair value: price $20.68, fair value $8.11, a gap of about −61% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DHT?
No. The price is what the market pays today ($20.68); the fair value is what the company's own numbers justify ($8.11). For DHT Holdings Inc the two are $12.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is DHT Holdings Inc worth?
The market values DHT Holdings Inc at about $3.3B (market capitalisation, as of Nov 7, 2026). Per share that is $20.68; our models calculate a fair value of $8.11 per share.
What do the bullish and bearish scenarios say about DHT?
Our models span a range for DHT Holdings Inc: cautious scenario $7.95, base $8.11, optimistic $10.68 per share (as of Nov 7, 2026, price $20.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DHT?
DHT Holdings Inc trades at a price-to-earnings ratio of 7.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.11 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2025), reported earnings: 14.4. Other multiples: PEG 1.2, P/B 2.9, P/S 4.2, EV/EBITDA 6.3.
What is the PEG ratio of DHT?
The PEG ratio of DHT Holdings Inc is 1.19 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of DHT Holdings Inc (DHT)?
Balance-sheet figures for DHT Holdings Inc (as of Nov 7, 2026): return on equity 39.2%, debt of 0.34 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is DHT from its 52-week high?
DHT Holdings Inc trades at $20.68, about 22% below its 52-week high of $26.59 and 101% above the low of $10.27 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $8.11 is for.
Which stocks are comparable to DHT Holdings Inc?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is DHT Holdings Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $20.68, calculated fair value $8.11 (−61%), Quality Score 60/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DHT calculated?
We run DHT Holdings Inc through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $8.11 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. DHT Holdings Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of DHT Holdings Inc (DHT)?
The closing price on Nov 6, 2026 was $20.68. Our model-based fair value is $8.11, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DHT Holdings Inc right now?
The price sits above even our optimistic bull case ($10.68). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of DHT Holdings Inc (DHT) come from?
Earnings per share at DHT Holdings Inc grew +10.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.8 %, EBIT margin +4.7 %, tax rate +0.0 %, residual (interest, one-offs) +4.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of DHT Holdings Inc
How large is the market capitalisation of DHT Holdings Inc (DHT)?
The market capitalisation of DHT Holdings Inc is $3.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of DHT Holdings Inc (DHT)?
The price-to-sales ratio of DHT Holdings Inc is 4.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DHT Holdings Inc (DHT)?
Earnings per share at DHT Holdings Inc are $2.94 (price ÷ EPS = P/E 7.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DHT Holdings Inc (DHT)?
The dividend yield of DHT Holdings Inc is 11.8% (payout 83.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of DHT Holdings Inc (DHT)?
The net margin of DHT Holdings Inc is 59.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of DHT Holdings Inc (DHT)?
The return on equity (ROE) of DHT Holdings Inc is 39.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of DHT Holdings Inc (DHT)?
On an EBIT basis the return on assets of DHT Holdings Inc is 8.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of DHT Holdings Inc (DHT)?
The operating margin of DHT Holdings Inc is 71.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DHT Holdings Inc (DHT)?
Revenue at DHT Holdings Inc is growing +95.5% versus a year earlier (3y avg +3.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DHT Holdings Inc (DHT)?
Earnings per share at DHT Holdings Inc are growing +252% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does DHT Holdings Inc (DHT) generate?
The free cash flow of DHT Holdings Inc is −$33.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does DHT Holdings Inc (DHT) carry?
The net debt of DHT Holdings Inc is $350M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026