Nuscale Power Corp (SMR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Nuscale Power Corp stock $2.51, price $5.08, that is 50.6% below the price, quality 33 out of 100. Rating: strongly overvalued. Calculated from audited financials with one 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 6, 2026.
How to read this chart
60‑month range $1.92 – $53.43 · fair‑value band $1.65 – $3.13 · the $5.08 price screens above the $2.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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NuScale Power Corporation provides small modular reactor technology solutions.
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It offers NuScale Power Module (NPM), a light water nuclear reactor that can generate 77 megawatts of electricity (MWe). The company also provides design and nuclear regulatory licensing basis information to construct and operate the power plant; and licensing, design, development, construction, operation, and maintenance of the power plant.
In addition, it offers regulatory licensing support services; start-up testing and commissioning support; accredited training programs to support initial and ongoing power plant operations; management of all aspects of the U.S. Nuclear Regulatory Commission required inspections, tests, analysis, and acceptance criteria process; NuScale Power Module mechanical handling; initial and ongoing fuel bundle loading and movement; design engineering management during commercial operation; operations and maintenance program management; procurement and spare parts management; nuclear fuel management, including reload analysis; and outage planning and execution support services.
The company has a strategic partnership with Ebara Elliott Energy for the development, demonstration, and testing of industrial scale compressors using power modules. NuScale Power Corporation was founded in 2007 and is headquartered in Corvallis, Oregon.
Stock analysis
Nuscale Power Corp (SMR) currently trades at $5.08, while our model-based Fair Value estimate is $2.51, 51% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 90/100, which puts the data coverage at low.
Scenario range: $1.65 (bear) to $3.13 (bull), the price of $5.08 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 33/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Nuscale Power Corp reported revenue of $31.5M in FY2025 versus $2.9M in FY2021, a compound +82.1%/yr. Reported net income was −$356M in FY2025.
Key figures
Market cap $1.8B Small · EPS (TTM) $−2.49 · Return on equity −55.2% · Return on assets (EBIT) −81.3% (5-year average) · Operating margin −85,337% · Revenue (TTM) $10.7M · Free cash flow −$460M · Net cash $836M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades about 84% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −51%, SMR screens richer than that median.
Fair Value models
Bear$1.65Fair Value $2.51Bull$3.13
Price $5.08 · Downside -50.6%
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.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 $1.2M and none bought.
SaleRobert Ramsey HamadyChief Financial Officer6× since Dec 8, 2025: 148,450 shares, avg. $13.10$1.9MOct 1, 2026
SaleShinji FujinoDirector20,000 shares at $8.86$177,200Aug 18, 2026
SaleCarl M. FisherChief Operating Officer3× since Mar 3, 2026: 90,245 shares, avg. $11.85$1.1MAug 5, 2026
SaleFLUOR CORPDirector5× since Feb 13, 2026: 111,400,219 shares, avg. $16.44$1.8BApr 21, 2026
SaleDavid A TonnelChief Accounting Officer2,290 shares at $11.85$27,137Mar 25, 2026
SaleJohn Lawrence HopkinsChief Executive Officer, Director82,667 shares at $12.22$1.0MMar 3, 2026
SaleJose N Reyes JrChief Technology Officer25,951 shares at $12.22$317,121Mar 2, 2026
SaleClayton ScottChief Commercial Officer22,478 shares at $12.22$274,681Mar 2, 2026
Plus 17 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.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−15.0%
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.
+38.7%
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.
+120.8%
Start year 2020 (pandemic)
Revenue growth 6 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.
+109.4%
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Profit margin (trend) ⓘ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.
−26,473.8% (2020) → −2,190.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
News mood ⓘNews mood, the average tone of recent news (100 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.
AI conclusion: NuScale's main strength lies in advancing from design work to actual reactor component production under the Doosan contract, while its main weak point remains persistent negative cash flows with almost no revenue from completed projects.
Main risk: Continued delays in converting the manufacturing step into firm orders and revenue could extend large cash losses and slow the entire commercialization path.
NuScale has moved from years of design work and partnerships into the first actual production of reactor components under a new contract with Doosan. The company still generates almost no revenue from completed projects while running large cash losses. Our models currently see the stock as overvalued. Will this manufacturing step turn into firm orders and revenue before the cash burn becomes the bigger story, or will commercialization keep slipping?
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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 1/4 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−50.6% · Below median
Profitability
Return on assets−25.2% · Bottom 25%
Valuation Multiplesvs Specialty Industrial Machinery 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). "Nuscale Power Corp Fair Value". https://www.fairvalue-calculator.com/stock/SMR
Frequently asked questions
Is Nuscale Power Corp (SMR) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $2.51 versus a price of $5.08, about 51% lower (overvalued).
What is the fair value of SMR?
Our model-based fair value for Nuscale Power Corp is $2.51 (as of Nov 6, 2026), built from audited fundamentals. The current price: $5.08.
What is the quality score of SMR?
Nuscale Power Corp has a Quality Score of 33/100. 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 Nuscale Power Corp (SMR)?
Our model-based price target is the fair value of $2.51 (as of Nov 6, 2026) from 1 valuation models. Cautious scenario $1.65, optimistic scenario $3.13. It is a calculation from audited fundamentals, not an analyst target.
What is the Nuscale Power Corp stock forecast for 2026?
Our models put fair value at $2.51, about 51% lower versus a price of $5.08 (overvalued). Cautious scenario $1.65, optimistic scenario $3.13. The calculation is refreshed regularly with new filings.
What is the revenue of Nuscale Power Corp (SMR)?
Nuscale Power Corp reported trailing-twelve-month revenue of about $10.7M (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Nuscale Power Corp (SMR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nuscale Power Corp it is $2.51 per share (as of Nov 6, 2026), against a price of $5.08. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Nuscale Power Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SMR trades above its calculated fair value: price $5.08, fair value $2.51, a gap of about −51% (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 SMR?
No. The price is what the market pays today ($5.08); the fair value is what the company's own numbers justify ($2.51). For Nuscale Power Corp the two are $2.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nuscale Power Corp worth?
The market values Nuscale Power Corp at about $1.8B (market capitalisation, as of Nov 6, 2026). Per share that is $5.08; our models calculate a fair value of $2.51 per share.
What do the bullish and bearish scenarios say about SMR?
Our models span a range for Nuscale Power Corp: cautious scenario $1.65, base $2.51, optimistic $3.13 per share (as of Nov 6, 2026, price $5.08). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nuscale Power Corp (SMR)?
Balance-sheet figures for Nuscale Power Corp (as of Nov 6, 2026): return on equity −55.2%. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is SMR from its 52-week high?
Nuscale Power Corp trades at $5.08, about 84% below its 52-week high of $32.46 and 16% above the low of $4.37 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $2.51 is for.
Which stocks are comparable to Nuscale Power Corp?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, 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 Nuscale Power Corp stock attractive at the current price?
The data as of Nov 6, 2026: price $5.08, calculated fair value $2.51 (−51%), Quality Score 33/100, from 1 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 SMR calculated?
We run Nuscale Power Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $2.51 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. Nuscale Power Corp 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 Nuscale Power Corp (SMR)?
The closing price on Nov 6, 2026 was $5.08. Our model-based fair value is $2.51, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nuscale Power Corp right now?
The price sits above even our optimistic bull case ($3.13). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($1.65 to $3.13) leaves room in how you read the outcome.
Key figures of Nuscale Power Corp
How large is the market capitalisation of Nuscale Power Corp (SMR)?
The market capitalisation of Nuscale Power Corp is $1.8B. 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 are the earnings per share of Nuscale Power Corp (SMR)?
Earnings per share at Nuscale Power Corp are $−2.49. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Nuscale Power Corp (SMR)?
The return on equity (ROE) of Nuscale Power Corp is −55.2% (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 Nuscale Power Corp (SMR)?
On an EBIT basis the return on assets of Nuscale Power Corp is −81.3% (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 Nuscale Power Corp (SMR)?
The operating margin of Nuscale Power Corp is −85,337% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Nuscale Power Corp (SMR) generate?
The free cash flow of Nuscale Power Corp is −$460M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Nuscale Power Corp (SMR) hold?
Nuscale Power Corp holds more cash than debt, $836M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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