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Data-driven stock valuation

Zion Oil & Gas Inc (ZNOG) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Zion Oil & Gas Inc stock $0.20, price $0.31, that is 36.8% below the price, quality 36 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Energy US

ZO Zion Oil & Gas Inc logo Thin data Nov 10, 2026

Zion Oil & Gas Inc

ZNOG · US
Very expensive, weak quality

Our calculation puts a fair price 37% below what the stock costs today.

Low debt
Fair value $0.1958 · Strongly overvalued
Quality 36/100
Negative free cash flow
Trails peers (1/8)
Narrow moat 3/100 · thin data
Thin data
⟳ CyclicalEstimate
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$0.6500 $0.0300 Fair Value $0.1958 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range $0.0300 – $0.6500 · fair‑value band $0.1468 – $0.2447 · the $0.3100 price screens above the $0.1958 fair value. As of Nov 10, 2026.

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Company profile

Zion Oil & Gas, Inc., together with its subsidiaries, operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the New Megiddo License 434, comprising an area of approximately 75,000 acres or 302 square kilometers.

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The company was incorporated in 2000 and is based in Dallas, Texas.

Stock analysis

Zion Oil & Gas Inc (ZNOG) currently trades at $0.3100, while our estimate is $0.1958, 37% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: $0.1468 (bear) to $0.2447 (bull), the price of $0.3100 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 36/100 (below-average quality), in the Energy sector.

Zion Oil & Gas Inc reported revenue of $0 in FY2025 versus $0 in FY2021. Reported net income was −$7.6M in FY2025.

Key figures

Market cap $369M Small · EPS (TTM) $−0.0100 · Return on equity −18.5% · Return on assets (EBIT) −24.4% (5-year average) · Free cash flow −$14.6M · Net cash $8.2M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 3 out of 100 (low confidence).

What moves the price

The share trades about 52% below its 52-week high and 94% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at 6% fair-value upside, at −37%, ZNOG screens richer than that median.

Fair Value

Bear $0.1468 Fair Value $0.1958 Bull $0.2447
Price $0.3100 · Downside -36.8%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 36/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 75
Are margins and returns getting better?
Cashflow 37
Do the profits arrive as real cash?
Financial strength 89
Debt, balance sheet and risk of trouble
Investment 3
Does it invest with discipline instead of growing at any price?
Low Volatility 46
How calm the share price moves, does not count
Price momentum 42
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 65
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

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.

Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗

Revenue & earnings trend

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
not computed

ZNOG screens overvalued: fair value 37% below the price. Compare with ConocoPhillips explores for, →

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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 · 286 stocks

Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Below median
Fair Value upside −36.8% · Bottom 25%
Profitability
Return on assets −16.5% · Bottom 25%
Operating margin (12 months) 0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median
Balance sheet
Debt / equity 0.06× · Lowest 25%

Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper

P/B 8.71× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 21
FUTURE (revenue growth)0 · sector 97
PAST (return on equity)0 · sector 19
HEALTH (low debt)97 · sector 85
DIVIDEND (yield)0 · sector 72

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Diamondback Energy, Inc FANG $178.08 $242.64 +36% vs ZNOG
CNOOC Limited 0883 HK$22.76 HK$26.80 +18% vs ZNOG
Canadian Natural Resources Limited CNQ $48.24 $53.41 +11% vs ZNOG
EOG Resources, Inc EOG $151.51 $166.94 +10% vs ZNOG
EQT Corporation EQT $52.00 $54.90 +6% vs ZNOG
Woodside Energy Group WDS $21.07 $19.39 −8% vs ZNOG
Devon Energy Corporation DVN $43.41 $39.64 −9% vs ZNOG
ConocoPhillips explores for, COP $135.59 $92.89 −31% vs ZNOG
Occidental Petroleum Corporation OXY $56.90 $33.18 −42% vs ZNOG
Aker BP ASA AKRBP kr 314.60 kr 127.39 −60% vs ZNOG

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Zion Oil & Gas Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Zion Oil & Gas Inc Fair Value". https://www.fairvalue-calculator.com/stock/ZNOG

Frequently asked questions

Is Zion Oil & Gas Inc (ZNOG) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is $0.1958 versus a price of $0.3100, about 37% lower (overvalued).
What is the fair value of ZNOG?
Our estimate for Zion Oil & Gas Inc is $0.1958 (as of Nov 10, 2026), built from audited fundamentals. The current price: $0.3100.
What is the quality score of ZNOG?
Zion Oil & Gas Inc has a Quality Score of 36/100. 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 Zion Oil & Gas Inc (ZNOG)?
Our calculated price target is the estimate of $0.1958 (as of Nov 10, 2026). Cautious scenario $0.1468, optimistic scenario $0.2447. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Zion Oil & Gas Inc stock forecast for 2026?
Our estimate puts fair value at $0.1958, about 37% lower versus a price of $0.3100 (overvalued). Cautious scenario $0.1468, optimistic scenario $0.2447. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Zion Oil & Gas Inc (ZNOG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zion Oil & Gas Inc it is $0.1958 per share (as of Nov 10, 2026), against a price of $0.3100.
Is Zion Oil & Gas Inc stock overvalued or undervalued in 2026?
As of Nov 10, 2026, ZNOG trades above its calculated fair value: price $0.3100, fair value $0.1958, a gap of about −37% (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 ZNOG?
No. The price is what the market pays today ($0.3100); the fair value is what the company's own numbers justify ($0.1958). For Zion Oil & Gas Inc the two are $0.1142 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zion Oil & Gas Inc worth?
The market values Zion Oil & Gas Inc at about $369M (market capitalisation, as of Nov 10, 2026). Per share that is $0.3100; our models calculate a fair value of $0.1958 per share.
What do the bullish and bearish scenarios say about ZNOG?
Our models span a range for Zion Oil & Gas Inc: cautious scenario $0.1468, base $0.1958, optimistic $0.2447 per share (as of Nov 10, 2026, price $0.3100). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zion Oil & Gas Inc (ZNOG)?
Balance-sheet figures for Zion Oil & Gas Inc (as of Nov 10, 2026): return on equity −18.5%, debt of 0.06 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is ZNOG from its 52-week high?
Zion Oil & Gas Inc trades at $0.3100, about 52% below its 52-week high of $0.6500 and 94% above the low of $0.1600 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of $0.1958 is for.
Which stocks are comparable to Zion Oil & Gas 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 Zion Oil & Gas Inc stock attractive at the current price?
The data as of Nov 10, 2026: price $0.3100, calculated fair value $0.1958 (−37%), Quality Score 36/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Zion Oil & Gas 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 Zion Oil & Gas Inc (ZNOG)?
The closing price on Nov 10, 2026 was $0.3100. Our estimate is $0.1958, about 37% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zion Oil & Gas Inc right now?
The price sits above even our optimistic bull case ($0.2447). The favourable scenario is already priced in. Weak quality (36/100) 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.

Key figures of Zion Oil & Gas Inc

How large is the market capitalisation of Zion Oil & Gas Inc (ZNOG)?
The market capitalisation of Zion Oil & Gas Inc is $369M. 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 Zion Oil & Gas Inc (ZNOG)?
Earnings per share at Zion Oil & Gas Inc are $−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Zion Oil & Gas Inc (ZNOG)?
The return on equity (ROE) of Zion Oil & Gas Inc is −18.5% (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 Zion Oil & Gas Inc (ZNOG)?
On an EBIT basis the return on assets of Zion Oil & Gas Inc is −24.4% (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.
How much free cash flow does Zion Oil & Gas Inc (ZNOG) generate?
The free cash flow of Zion Oil & Gas Inc is −$14.6M (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 Zion Oil & Gas Inc (ZNOG) hold?
Zion Oil & Gas Inc holds more cash than debt, $8.2M net (fiscal year 2020). The company holds more cash than debt, a safety cushion.
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