VOC Energy Trust (VOC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of VOC Energy Trust stock $4.69, price $2.95, upside +59.0%, quality 81 out of 100. Rating: strongly undervalued. 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 9, 2026.
How to read this chart
60‑month range $1.98 – $8.70 · fair‑value band $3.29 – $6.10 · the $2.95 price screens below the $4.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has an 80% term net profits interest of the net proceeds on the underlying properties.
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As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres. VOC Energy Trust was incorporated in 2010 and is based in Houston, Texas.
Stock analysis
VOC Energy Trust (VOC) currently trades at $2.95, while our model-based Fair Value estimate is $4.69, implying the stock looks roughly 37% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $4.69 per share, and 10 of the 17 models we run sit above the $2.95 price.
Bear case: the Multiples group reads lowest at $0.7300, and 7 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: $3.29 (bear) to $6.10 (bull), the price of $2.95 sits below 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 81/100 (high 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.
VOC Energy Trust reported revenue of $8.6M in FY2025 versus $9.3M in FY2021, a compound −1.9%/yr. Reported net income was $7.4M in FY2025, compounding −3.9%/yr from FY2021.
Key figures
Market cap $47.8M Micro · P/E ratio 8.9 · P/S ratio 6.35 · EPS (TTM) $0.4000 · Net margin 91.5% · Return on equity 68.3% · Return on assets (EBIT) 97.5% (5-year average) · Operating margin 95.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 16% 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 59%, VOC screens cheaper than that median.
Fair Value models
Bear$3.29Fair Value $4.69Bull$6.10
Price $2.95 · Upside +59.0%
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.
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
−36.7%
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.
−28.5%
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.
+11.5%
Start year 2020 (pandemic). Over 10 years: +0.0% a year
Revenue growth 17 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.
−7.5%
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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.
−3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)0.0%
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.−3.1% vs −0.8%, steady
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.76% → 86%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 7.4%/yr over ~10Y (margins intact) ⓘ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 (11 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically 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 E&P · 239 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score81 · Top 25%
Fair Value upside+59.0% · Top 25%
Profitability
Return on equity (12 months)68.3% · Top 25%
Return on assets71.1% · Top 25%
Net margin (12 months)91.5% · Top 25%
Operating margin (12 months)95.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−31.6% · Bottom 25%
Dividend yield (12 months)20.3% · Top 25%
Valuation Multiplesvs Oil & Gas E&P 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). "VOC Energy Trust Fair Value". https://www.fairvalue-calculator.com/stock/VOC
Frequently asked questions
Is VOC Energy Trust (VOC) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $4.69 versus a price of $2.95, about +59% upside (undervalued).
What is the fair value of VOC?
Our model-based fair value for VOC Energy Trust is $4.69 (as of Nov 9, 2026), built from audited fundamentals. The current price: $2.95.
What is the quality score of VOC?
VOC Energy Trust has a Quality Score of 81/100. 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 VOC Energy Trust (VOC)?
Our model-based price target is the fair value of $4.69 (as of Nov 9, 2026) from 17 valuation models. Cautious scenario $3.29, optimistic scenario $6.10. It is a calculation from audited fundamentals, not an analyst target.
What is the VOC Energy Trust stock forecast for 2026?
Our models put fair value at $4.69, about +59% upside versus a price of $2.95 (undervalued). Cautious scenario $3.29, optimistic scenario $6.10. The calculation is refreshed regularly with new filings.
What is the revenue of VOC Energy Trust (VOC)?
VOC Energy Trust reported trailing-twelve-month revenue of about $7.5M (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of VOC Energy Trust (VOC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VOC Energy Trust it is $4.69 per share (as of Nov 9, 2026), against a price of $2.95. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is VOC Energy Trust stock overvalued or undervalued in 2026?
As of Nov 9, 2026, VOC trades below its calculated fair value: price $2.95, fair value $4.69, a gap of about +59% (undervalued). 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 VOC?
No. The price is what the market pays today ($2.95); the fair value is what the company's own numbers justify ($4.69). For VOC Energy Trust the two are $1.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is VOC Energy Trust worth?
The market values VOC Energy Trust at about $47.8M (market capitalisation, as of Nov 9, 2026). Per share that is $2.95; our models calculate a fair value of $4.69 per share.
What do the bullish and bearish scenarios say about VOC?
Our models span a range for VOC Energy Trust: cautious scenario $3.29, base $4.69, optimistic $6.10 per share (as of Nov 9, 2026, price $2.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VOC?
VOC Energy Trust trades at a price-to-earnings ratio of 8.9 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.69 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.1. Other multiples: P/B 4.6, P/S 6.3, EV/EBITDA 6.2.
How solid is the balance sheet of VOC Energy Trust (VOC)?
Balance-sheet figures for VOC Energy Trust (as of Nov 9, 2026): return on equity 68.3%. They feed the Quality Score of 81/100, which measures business quality independently of the share price.
How far is VOC from its 52-week high?
VOC Energy Trust trades at $2.95, about 17% below its 52-week high of $3.57 and 16% above the low of $2.55 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.69 is for.
Which stocks are comparable to VOC Energy Trust?
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 VOC Energy Trust stock attractive at the current price?
The data as of Nov 9, 2026: price $2.95, calculated fair value $4.69 (+59%), Quality Score 81/100, 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 VOC calculated?
We run VOC Energy Trust through 17 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $4.69 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. VOC Energy Trust currently trades 37% 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 VOC Energy Trust (VOC)?
The closing price on Nov 6, 2026 was $2.95. Our model-based fair value is $4.69, about +59% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VOC Energy Trust right now?
The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case ($3.29). The market is more pessimistic than our downside scenario. A fairly wide model range ($3.29 to $6.10) leaves room in how you read the outcome.
Where does the earnings growth of VOC Energy Trust (VOC) come from?
Earnings per share at VOC Energy Trust grew −8.1 % a year from 2012 to 2023. Broken into its drivers: revenue per share −7.5 %, EBIT margin −0.6 %, tax rate +0.0 %, residual (interest, one-offs) +0.0 %. 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 VOC Energy Trust
How large is the market capitalisation of VOC Energy Trust (VOC)?
The market capitalisation of VOC Energy Trust is $47.8M. 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 VOC Energy Trust (VOC)?
The price-to-sales ratio of VOC Energy Trust is 6.35 (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 VOC Energy Trust (VOC)?
Earnings per share at VOC Energy Trust are $0.4000 (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 VOC Energy Trust (VOC)?
The net margin of VOC Energy Trust is 91.5% (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 VOC Energy Trust (VOC)?
The return on equity (ROE) of VOC Energy Trust is 68.3% (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 VOC Energy Trust (VOC)?
On an EBIT basis the return on assets of VOC Energy Trust is 97.5% (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 VOC Energy Trust (VOC)?
The operating margin of VOC Energy Trust is 95.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VOC Energy Trust (VOC)?
Revenue at VOC Energy Trust is growing −31.6% versus a year earlier (3y avg −28.5%). 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 VOC Energy Trust (VOC)?
Earnings per share at VOC Energy Trust are growing −26.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does VOC Energy Trust (VOC) generate?
The free cash flow of VOC Energy Trust is $14.6B (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does VOC Energy Trust (VOC) hold?
VOC Energy Trust holds more cash than debt, $2.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 9, 2026