Comstock Resources Inc (CRK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Comstock Resources Inc stock $12.35, price $13.41, that is 7.9% below the price, quality 56 out of 100. Rating: fairly valued. Calculated from audited financials with 14 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 $4.88 – $30.74 · fair‑value band $9.89 – $19.94 · the $13.41 price screens above the $12.35 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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Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States.
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Its assets covering an area of approximately 1,069,991 acres are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.
Stock analysis
Comstock Resources Inc (CRK) currently trades at $13.41, while our model-based Fair Value estimate is $12.35, so the stock looks roughly fairly valued today (gap 8.6%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $28.85 per share, and 5 of the 13 models we run sit above the $13.41 price.
Bear case: the Asset-Based group reads lowest at $5.27, and 8 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $9.89 (bear) to $19.94 (bull), the price of $13.41 sits inside 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 56/100 (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.
Comstock Resources Inc reported revenue of $1.9B in FY2025 versus $1.9B in FY2021, a compound +0.8%/yr. Reported net income was $396M in FY2025.
Key figures
Market cap $3.9B Mid · P/E ratio 8.9 · P/S ratio 2.15 · EPS (TTM) $1.51 · Net margin 23.1% · Return on equity 15.1% · Return on assets (EBIT) 13.1% (5-year average) · Operating margin 6.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −8%, CRK screens richer than that median.
Fair Value models
Bear$9.89Fair Value $12.35Bull$19.94
Price $13.41 · Downside -7.9%
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 ($1.29 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, no officer or director bought or sold shares on the open market.
SalePatrick McGoughVice President of Operations48,915 shares at $21.21$1.0MMar 5, 2026
Plus 12 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+52.2%
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.
−19.3%
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.
+17.3%
Start year 2020 (pandemic). Over 10 years: +22.4% a year
Revenue growth 39 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.
+24.3%
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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. Basis: adjusted.
+11.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.6%
Dividend (yield on the price)0.0%
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.19% → 19%
⚠ Revenue per share shrinking 18.8%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (97 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.Positive
Recent news coverage is more positive than average.
AI conclusion: The business shows limited durable advantages typical of a commodity E&P operation while its main weakness remains high leverage together with volatile cash flows and negative free cash flow.
Main risk: Continued weakness in natural gas prices would directly reduce revenues and cash flows given the company's full exposure to commodity price swings in its E&P operations.
Comstock is moving forward with a framework agreement for a major stake sale in its Haynesville assets to SOCAR, aiming to cut debt sharply and support further drilling through a related venture. At the same time natural gas prices remain weak, Q2 revenue missed expectations, and several analysts have turned more cautious. Our models currently see the stock as overvalued. Will the partnership deliver lasting balance sheet relief and growth, or will results stay tied mainly to commodity swings?
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 E&P · 239 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside−7.9% · Above median
Profitability
Return on equity (12 months)15.1% · Top 25%
Return on assets5.7% · Above median
Net margin (12 months)23.1% · Above median
Operating margin (12 months)6.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−14.6% · Bottom 25%
Balance sheet
Debt / equity1.06× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
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Is Comstock Resources Inc (CRK) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $12.35 versus a price of $13.41, about 8% lower (fairly valued).
What is the fair value of CRK?
Our model-based fair value for Comstock Resources Inc is $12.35 (as of Nov 7, 2026), built from audited fundamentals. The current price: $13.41.
What is the quality score of CRK?
Comstock Resources Inc has a Quality Score of 56/100. 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 Comstock Resources Inc (CRK)?
Our model-based price target is the fair value of $12.35 (as of Nov 7, 2026) from 14 valuation models. Cautious scenario $9.89, optimistic scenario $19.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Comstock Resources Inc stock forecast for 2026?
Our models put fair value at $12.35, about 8% lower versus a price of $13.41 (fairly valued). Cautious scenario $9.89, optimistic scenario $19.94. The calculation is refreshed regularly with new filings.
What is the revenue of Comstock Resources Inc (CRK)?
Comstock Resources Inc reported trailing-twelve-month revenue of about $1.8B (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Comstock Resources Inc (CRK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Comstock Resources Inc it is $12.35 per share (as of Nov 7, 2026), against a price of $13.41. It is the blended result of 14 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Comstock Resources Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CRK trades above its calculated fair value: price $13.41, fair value $12.35, a gap of about −8% (fairly valued). 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 CRK?
No. The price is what the market pays today ($13.41); the fair value is what the company's own numbers justify ($12.35). For Comstock Resources Inc the two are $1.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is Comstock Resources Inc worth?
The market values Comstock Resources Inc at about $3.9B (market capitalisation, as of Nov 7, 2026). Per share that is $13.41; our models calculate a fair value of $12.35 per share.
What do the bullish and bearish scenarios say about CRK?
Our models span a range for Comstock Resources Inc: cautious scenario $9.89, base $12.35, optimistic $19.94 per share (as of Nov 7, 2026, price $13.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CRK?
Comstock Resources Inc trades at a price-to-earnings ratio of 8.9 (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 $12.35 is built from several models across several years. Other multiples: PEG 4.6, P/B 1.5, P/S 2.2, EV/EBITDA 6.8.
What is the PEG ratio of CRK?
The PEG ratio of Comstock Resources Inc is 4.64 (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 Comstock Resources Inc (CRK)?
Balance-sheet figures for Comstock Resources Inc (as of Nov 7, 2026): return on equity 15.1%, debt of 1.06 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is CRK from its 52-week high?
Comstock Resources Inc trades at $13.41, about 51% below its 52-week high of $27.37 and 9% above the low of $12.32 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $12.35 is for.
Which stocks are comparable to Comstock Resources Inc?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, 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 Comstock Resources Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $13.41, calculated fair value $12.35 (−8%), Quality Score 56/100, from 14 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 CRK calculated?
We run Comstock Resources Inc through 14 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $12.35 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 13.3% above its aggregate fair value. Comstock Resources 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 Comstock Resources Inc (CRK)?
The closing price on Nov 6, 2026 was $13.41. Our model-based fair value is $12.35, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Comstock Resources Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($9.89 to $19.94) leaves room in how you read the outcome.
Key figures of Comstock Resources Inc
How large is the market capitalisation of Comstock Resources Inc (CRK)?
The market capitalisation of Comstock Resources Inc is $3.9B. 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 Comstock Resources Inc (CRK)?
The price-to-sales ratio of Comstock Resources Inc is 2.15 (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 Comstock Resources Inc (CRK)?
Earnings per share at Comstock Resources Inc are $1.51 (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Comstock Resources Inc (CRK)?
The net margin of Comstock Resources Inc is 23.1% (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 Comstock Resources Inc (CRK)?
The return on equity (ROE) of Comstock Resources Inc is 15.1% (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 Comstock Resources Inc (CRK)?
On an EBIT basis the return on assets of Comstock Resources Inc is 13.1% (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 Comstock Resources Inc (CRK)?
The operating margin of Comstock Resources Inc is 6.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Comstock Resources Inc (CRK)?
Revenue at Comstock Resources Inc is growing −14.6% versus a year earlier (3y avg −19.3%). 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 Comstock Resources Inc (CRK)?
Earnings per share at Comstock Resources Inc are growing −79.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Comstock Resources Inc (CRK) generate?
The free cash flow of Comstock Resources Inc is −$450M (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 Comstock Resources Inc (CRK) carry?
The net debt of Comstock Resources Inc is $2.9B (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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Nov 7, 2026