Navigator Holdings Ltd (NVGS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Navigator Holdings Ltd stock $21.54, price $19.84, upside +8.6%, quality 60 out of 100. Rating: fairly valued. 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 6, 2026.
How to read this chart
60‑month range $7.59 – $25.06 · fair‑value band $11.60 – $31.97 · the $19.84 price screens below the $21.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. It engages in the international and regional seaborne transportation of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders.
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The company also provides ship shore infrastructure and consultancy services. It operates through a fleet of 57 semi- or fully-refrigerated liquefied gas carriers. Navigator Holdings Ltd. was formerly known as Isle of Man public limited company and changed its name to Navigator Holdings Ltd. in 2006.
The company was incorporated in 1997 and is based in London, the United Kingdom.
Stock analysis
Navigator Holdings Ltd (NVGS) currently trades at $19.84, while our model-based Fair Value estimate is $21.54, so the stock looks roughly fairly valued today (gap 7.9%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $23.72 per share, and 10 of the 26 models we run sit above the $19.84 price.
Bear case: the Dividend Discount group reads lowest at $3.69, and 16 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $11.60 (bear) to $31.97 (bull), the price of $19.84 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 60/100 (solid quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Navigator Holdings Ltd reported revenue of $587M in FY2025 versus $406M in FY2021, a compound +9.6%/yr. Reported net income was $100M in FY2025.
Key figures
Market cap $1.2B Small · P/E ratio 6.8 · P/S ratio 1.16 · EPS (TTM) $2.91 · Dividend yield 1.4% · Net margin 17.1% · Return on equity 11.7% · Return on assets (EBIT) 4.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −30% fair-value upside, at 9%, NVGS screens cheaper than that median.
Fair Value models
Bear$11.60Fair Value $21.54Bull$31.97
Price $19.84 · Upside +8.6%
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 ($2.26 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, 3 officers or directors sold shares worth $990,570 and none bought.
SaleOeyvind LindemanChief Commercial Officer2× since May 29, 2026: 13,759 shares, avg. $21.69$298,420Aug 20, 2026
SalePeter George Charles Andrew StokesDirector5,000 shares at $20.28$101,400Aug 12, 2026
SaleMichael SchroderChief Operating Officer25,000 shares at $23.63$590,750May 20, 2026
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.6%
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.
+7.4%
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.
+12.0%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 18 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.
+14.5%
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What shareholders gained per year (last 3 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 3 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.
+22.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.5%
Dividend (yield on the price)1.4%
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.13% → 24%
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).
+17.9%
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.
−5.8%
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 +15.2% a year for the price and −7.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 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.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
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 11/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+8.6% · Above median
Profitability
Return on equity (12 months)11.7% · Below median
Return on assets4.4% · Above median
Net margin (12 months)22.8% · Above median
Operating margin (12 months)28.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)29.5% · Above median
Dividend yield (12 months)1.4% · Bottom 25%
Balance sheet
Debt / equity0.60× · Below median
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
P/E (12 months)6.8× · Cheapest 25%
P/B1.01× · Cheapest 25%
P/S (12 months)2.01× · Cheaper than median
Price / free cash flow (fiscal year)18.8× · Pricier than median
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Is Navigator Holdings Ltd (NVGS) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $21.54 versus a price of $19.84, about +9% upside (fairly valued).
What is the fair value of NVGS?
Our model-based fair value for Navigator Holdings Ltd is $21.54 (as of Nov 6, 2026), built from audited fundamentals. The current price: $19.84.
What is the quality score of NVGS?
Navigator Holdings Ltd 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 Navigator Holdings Ltd (NVGS)?
Our model-based price target is the fair value of $21.54 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario $11.60, optimistic scenario $31.97. It is a calculation from audited fundamentals, not an analyst target.
What is the Navigator Holdings Ltd stock forecast for 2026?
Our models put fair value at $21.54, about +9% upside versus a price of $19.84 (fairly valued). Cautious scenario $11.60, optimistic scenario $31.97. The calculation is refreshed regularly with new filings.
What is the revenue of Navigator Holdings Ltd (NVGS)?
Navigator Holdings Ltd reported trailing-twelve-month revenue of about $614M (latest available figure, as of Nov 6, 2026).
Does Navigator Holdings Ltd pay a dividend?
Navigator Holdings Ltd currently shows a dividend yield of 1.41% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Navigator Holdings Ltd (NVGS) and when is the ex-dividend date?
Navigator Holdings Ltd pays a dividend of $0.28 per share a year, a dividend yield of 1.4%. The last ex-dividend date was Aug 19, 2026. The payout ratio is 9.1% of earnings (on adjusted earnings, reported 9.6%). Free cash flow covers the dividend 3.87 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 Navigator Holdings Ltd (NVGS)?
For today's price to be fair in a discounted-cash-flow model, Navigator Holdings Ltd would have to grow free cash flow by +17.9 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of NVGS use?
Our models discount Navigator Holdings Ltd at 10.0 %: a base by market capitalisation (small), damped by beta 0.56, 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 Navigator Holdings Ltd that is +17.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Navigator Holdings Ltd (NVGS) delivered so far?
Over the past 5 years revenue at Navigator Holdings Ltd grew +12.0 % a year. The price currently implies free-cash-flow growth of +17.9 % 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 Navigator Holdings Ltd (NVGS) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Navigator Holdings Ltd (+17.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Navigator Holdings Ltd (NVGS)?
The free-cash-flow yield on the price is 5.33 %: that much free cash flow Navigator Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Navigator Holdings Ltd (NVGS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Navigator Holdings Ltd it is $21.54 per share (as of Nov 6, 2026), against a price of $19.84. 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 Navigator Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, NVGS trades below its calculated fair value: price $19.84, fair value $21.54, a gap of about +9% (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 NVGS?
No. The price is what the market pays today ($19.84); the fair value is what the company's own numbers justify ($21.54). For Navigator Holdings Ltd the two are $1.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is Navigator Holdings Ltd worth?
The market values Navigator Holdings Ltd at about $1.2B (market capitalisation, as of Nov 6, 2026). Per share that is $19.84; our models calculate a fair value of $21.54 per share.
What do the bullish and bearish scenarios say about NVGS?
Our models span a range for Navigator Holdings Ltd: cautious scenario $11.60, base $21.54, optimistic $31.97 per share (as of Nov 6, 2026, price $19.84). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NVGS?
Navigator Holdings Ltd trades at a price-to-earnings ratio of 6.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $21.54 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 12.7 (reported for FY2025: 13.5). Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 13.9. Other multiples: PEG 4.4, P/B 1.0, P/S 2.0, EV/EBITDA 6.7.
What is the PEG ratio of NVGS?
The PEG ratio of Navigator Holdings Ltd is 4.42 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Navigator Holdings Ltd (NVGS)?
Balance-sheet figures for Navigator Holdings Ltd (as of Nov 6, 2026): return on equity 11.7%, debt of 0.60 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is NVGS from its 52-week high?
Navigator Holdings Ltd trades at $19.84, about 21% below its 52-week high of $25.06 and 18% above the low of $16.81 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $21.54 is for.
Which stocks are comparable to Navigator Holdings Ltd?
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 Navigator Holdings Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price $19.84, calculated fair value $21.54 (+9%), Quality Score 60/100, 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 NVGS calculated?
We run Navigator Holdings Ltd 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 $21.54 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. Navigator Holdings Ltd currently trades 8% below its own fair value, and the market average says nothing about that. 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 Navigator Holdings Ltd (NVGS)?
The closing price on Nov 6, 2026 was $19.84. Our model-based fair value is $21.54, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Navigator Holdings Ltd right now?
The model range is unusually wide ($11.60 to $31.97). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Navigator Holdings Ltd (NVGS) come from?
Earnings per share at Navigator Holdings Ltd grew −0.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.2 %, EBIT margin −3.9 %, tax rate −0.7 %, residual (interest, one-offs) −0.4 %. 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 Navigator Holdings Ltd
How large is the market capitalisation of Navigator Holdings Ltd (NVGS)?
The market capitalisation of Navigator Holdings Ltd is $1.2B. 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 Navigator Holdings Ltd (NVGS)?
The price-to-sales ratio of Navigator Holdings Ltd is 1.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Navigator Holdings Ltd (NVGS)?
Earnings per share at Navigator Holdings Ltd are $2.91 (price ÷ EPS = P/E 6.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Navigator Holdings Ltd (NVGS)?
The dividend yield of Navigator Holdings Ltd is 1.4% (payout 9.1%, on adjusted earnings, reported 9.6%). 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 Navigator Holdings Ltd (NVGS)?
The net margin of Navigator Holdings Ltd is 17.1% (fiscal year 2025). 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 Navigator Holdings Ltd (NVGS)?
The return on equity (ROE) of Navigator Holdings Ltd is 11.7% (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 Navigator Holdings Ltd (NVGS)?
On an EBIT basis the return on assets of Navigator Holdings Ltd is 4.3% (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 Navigator Holdings Ltd (NVGS)?
The operating margin of Navigator Holdings Ltd is 28.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Navigator Holdings Ltd (NVGS)?
Revenue at Navigator Holdings Ltd is growing +29.5% versus a year earlier (3y avg +7.4%). 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 Navigator Holdings Ltd (NVGS)?
Earnings per share at Navigator Holdings Ltd are growing +174% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Navigator Holdings Ltd (NVGS) carry?
The net debt of Navigator Holdings Ltd is $698M (fiscal year 2025, ≈ 10.6 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 6, 2026