Matson Inc (MATX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Matson Inc stock $178, price $212, that is 16.2% below the price, quality 62 out of 100. Rating: overvalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
60‑month range $54.57 – $238.60 · fair‑value band $101.31 – $268.34 · the $211.93 price screens above the $177.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics.
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The company offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Alaska and Guam, and to other island economies in Micronesia; and transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, household goods, livestock, seafood, general sustenance cargo, e-commerce related goods, garments, consumer electronics, footwear, retail merchandise, and other merchandise.
It also operates an expedited service from China to Long Beach, California, and various islands in the South Pacific, as well as Okinawa, Japan; and provides stevedoring, refrigerated cargo, inland transportation, container equipment maintenance, and other terminal services on the Hawaiian islands of Oahu, Hawaii, Maui, and Kauai, as well as in the Alaska terminal locations of Anchorage, Kodiak, and Dutch Harbor.
In addition, the company provides multimodal transportation brokerage of domestic and international rail intermodal, long-haul and regional highway trucking, specialized hauling, flat-bed and project, less-than-truckload (LCL), and expedited freight services; LCL consolidation and freight forwarding services; warehousing, trans-loading, value-added packaging and distribution services; purchase order management, booking services, and non-vessel operating common carrier freight forwarding services.
It serves the U.S. military, freight forwarders and non-vessel owning common carriers, retailers and consumer goods manufacturers, and other customers. The company was formerly known as Alexander & Baldwin Holdings, Inc. and changed its name to Matson, Inc. in June 2012.
Matson, Inc. was founded in 1882 and is headquartered in Honolulu, Hawaii.
Stock analysis
Matson Inc (MATX) currently trades at $211.93, while our model-based Fair Value estimate is $177.51, 16% 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 $264.95 per share, and 8 of the 26 models we run sit above the $211.93 price.
Bear case: the Dividend Discount group reads lowest at $20.25, and 18 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $101.31 (bear) to $268.34 (bull), the price of $211.93 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 62/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Matson Inc reported revenue of $3.3B in FY2025 versus $3.9B in FY2021, a compound −3.9%/yr. Reported net income was $445M in FY2025, compounding −16.8%/yr from FY2021.
Key figures
Market cap $6.4B Mid · P/E ratio 14.3 · P/S ratio 1.86 · EPS (TTM) $14.87 · Dividend yield 0.7% · Net margin 13.4% · Return on equity 17.2% · Return on assets (EBIT) 17.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 109% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at −16%, MATX screens richer than that median.
Fair Value models
Bear$101.31Fair Value $177.51Bull$268.34
Price $211.93 · Downside -16.2%
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 ($11.52 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, 11 officers or directors sold shares worth $18.9M and none bought.
SaleMatthew J CoxChairman & CEO, Director6× since Jun 8, 2026: 60,000 shares, avg. $209.51$12.6MOct 29, 202610b5-1 plan
SaleVic S Angoco JrExecutive Vice President2× since Mar 3, 2026: 8,482 shares, avg. $180.84$1.5MAug 24, 2026
SaleChristopher A ScottEVP & Chief Commercial Officer4× since Mar 11, 2026: 7,934 shares, avg. $175.37$1.4MAug 19, 2026
SalePeter T HeilmannEVP, Chief Admin. Officer & GC3× since Mar 3, 2026: 25,173 shares, avg. $180.52$4.5MAug 19, 2026
SaleJason Lee TaylorSenior Vice President3× since Mar 3, 2026: 6,637 shares, avg. $184.97$1.2MAug 13, 2026
SaleLeonard P IsotoffSenior Vice President2× since Mar 3, 2026: 2,750 shares, avg. $184.86$508,355Aug 11, 2026
SaleKuuhaku T ParkSenior Vice President3× since Mar 3, 2026: 5,500 shares, avg. $181.55$998,545Aug 11, 2026
SaleJohn Warren SullivanSenior Vice President3× since Mar 9, 2026: 8,503 shares, avg. $174.48$1.5MAug 11, 2026
SaleJennifer C. TungulSenior Vice President2× since Mar 9, 2026: 1,056 shares, avg. $174.12$183,868Aug 11, 2026
SaleLaura L RasconSenior Vice President3× since Mar 3, 2026: 4,340 shares, avg. $183.15$794,878Jun 8, 2026
Plus 5 more entries from the last 12 months.
Plus 5 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
−2.3%
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.
−8.3%
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.
+7.0%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 40 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.
+5.0%
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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.
+27.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.4%
Dividend (yield on the price)0.7%
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.26.4% vs 22.6%, picking up
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.11% → 14%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+26.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +23.5% a year for the price and +0.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 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 benefits from steadier volumes on protected domestic routes to Hawaii and Alaska, yet limited signals and the cyclical China service leave durability thinly evidenced overall.
Main risk: Repeal or substantial amendment of the Jones Act could permit foreign-flagged vessels with lower operating costs to enter the Hawaii and Alaska routes, eroding Matson's protected domestic market position and pressuring margins.
Bull case: Matson could maintain strong margins if the Jones Act remains in place, while expanding Southeast Asia feeder services to diversify beyond traditional China volumes.
Bear case: Repeal or amendment of the Jones Act could allow lower-cost foreign competitors into the Hawaii and Alaska markets, sharply reducing volumes and margins on the stable domestic base.
Matson’s China service delivered sharp volume and rate gains in the second quarter on tight transpacific capacity. Its protected domestic routes to Hawaii and Alaska deliver steadier but slower-growing volumes that anchor results year after year. Does the cyclical China contribution extend further or does the stable domestic base set the longer-term path?
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.Marine Shipping · 220 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−16.2% · Below median
Profitability
Return on equity (12 months)17.2% · Top 25%
Return on assets9.3% · Top 25%
Net margin (12 months)13.4% · Above median
Operating margin (12 months)16.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)16.7% · Above median
Dividend yield (12 months)0.7% · Bottom 25%
Balance sheet
Debt / equity0.11× · Below median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Matson Inc Fair Value". https://www.fairvalue-calculator.com/stock/MATX
Frequently asked questions
Is Matson Inc (MATX) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $177.51 versus a price of $211.93, about 16% lower (overvalued).
What is the fair value of MATX?
Our model-based fair value for Matson Inc is $177.51 (as of Nov 5, 2026), built from audited fundamentals. The current price: $211.93.
What is the quality score of MATX?
Matson Inc has a Quality Score of 62/100. 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 Matson Inc (MATX)?
Our model-based price target is the fair value of $177.51 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario $101.31, optimistic scenario $268.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Matson Inc stock forecast for 2026?
Our models put fair value at $177.51, about 16% lower versus a price of $211.93 (overvalued). Cautious scenario $101.31, optimistic scenario $268.34. The calculation is refreshed regularly with new filings.
What is the revenue of Matson Inc (MATX)?
Matson Inc reported trailing-twelve-month revenue of about $3.5B (latest available figure, as of Nov 5, 2026).
Does Matson Inc pay a dividend?
Matson Inc currently shows a dividend yield of 0.68% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Matson Inc (MATX) and when is the ex-dividend date?
Matson Inc pays a dividend of $1.44 per share a year, a dividend yield of 0.7%. The last ex-dividend date was Nov 5, 2026. A dividend has been paid every year since at least 1985. The payout ratio is 9.7% of earnings. Free cash flow covers the dividend 3.57 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Matson Inc (MATX)?
For today's price to be fair in a discounted-cash-flow model, Matson Inc would have to grow free cash flow by +26.4 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.0 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of MATX use?
Our models discount Matson Inc at 10.5 %: a base by market capitalisation (mid), damped by beta 1.33, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Matson Inc that is +26.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Matson Inc (MATX) delivered so far?
Over the past 5 years revenue at Matson Inc grew +7.0 % a year. The price currently implies free-cash-flow growth of +26.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Matson Inc (MATX) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Matson Inc (+26.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Matson Inc (MATX)?
The free-cash-flow yield on the price is 2.39 %: that much free cash flow Matson Inc produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Matson Inc (MATX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Matson Inc it is $177.51 per share (as of Nov 5, 2026), against a price of $211.93. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Matson Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, MATX trades above its calculated fair value: price $211.93, fair value $177.51, a gap of about −16% (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 MATX?
No. The price is what the market pays today ($211.93); the fair value is what the company's own numbers justify ($177.51). For Matson Inc the two are $34.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Matson Inc worth?
The market values Matson Inc at about $6.4B (market capitalisation, as of Nov 5, 2026). Per share that is $211.93; our models calculate a fair value of $177.51 per share.
What do the bullish and bearish scenarios say about MATX?
Our models span a range for Matson Inc: cautious scenario $101.31, base $177.51, optimistic $268.34 per share (as of Nov 5, 2026, price $211.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MATX?
Matson Inc trades at a price-to-earnings ratio of 14.3 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $177.51 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2019, FY2023, FY2025 ex one-offs: 11.1. Other multiples: PEG 2.0, P/B 2.3, P/S 1.9, EV/EBITDA 9.8.
What is the PEG ratio of MATX?
The PEG ratio of Matson Inc is 2.01 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Matson Inc (MATX)?
Balance-sheet figures for Matson Inc (as of Nov 5, 2026): return on equity 17.2%, debt of 0.11 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is MATX from its 52-week high?
Matson Inc trades at $211.93, about 11% below its 52-week high of $238.60 and 109% above the low of $101.44 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $177.51 is for.
Which stocks are comparable to Matson Inc?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Matson Inc stock attractive at the current price?
The data as of Nov 5, 2026: price $211.93, calculated fair value $177.51 (−16%), Quality Score 62/100, from 26 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 MATX calculated?
We run Matson Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $177.51 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. Matson 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 Matson Inc (MATX)?
The closing price on Nov 6, 2026 was $211.93. Our model-based fair value is $177.51, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Matson Inc right now?
The model range is unusually wide ($101.31 to $268.34). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Matson Inc (MATX) come from?
Earnings per share at Matson Inc grew +22.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.7 %, EBIT margin +5.4 %, tax rate +3.5 %, residual (interest, one-offs) +2.2 %. 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 Matson Inc
How large is the market capitalisation of Matson Inc (MATX)?
The market capitalisation of Matson Inc is $6.4B. 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 Matson Inc (MATX)?
The price-to-sales ratio of Matson Inc is 1.86 (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 Matson Inc (MATX)?
Earnings per share at Matson Inc are $14.87 (price ÷ EPS = P/E 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Matson Inc (MATX)?
The dividend yield of Matson Inc is 0.7% (payout 9.7%). 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 Matson Inc (MATX)?
The net margin of Matson Inc is 13.4% (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 Matson Inc (MATX)?
The return on equity (ROE) of Matson Inc is 17.2% (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 Matson Inc (MATX)?
On an EBIT basis the return on assets of Matson Inc is 17.9% (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 Matson Inc (MATX)?
The operating margin of Matson Inc is 16.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Matson Inc (MATX)?
Revenue at Matson Inc is growing +16.7% versus a year earlier (3y avg −8.3%). 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 Matson Inc (MATX)?
Earnings per share at Matson Inc are growing +46.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Matson Inc (MATX) carry?
The net debt of Matson Inc is $585M (fiscal year 2025, ≈ 3.8 yrs of FCF). 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 5, 2026