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Comstock Holding (CHCI) Fair Value & Analysis

Real Estate · US · Market cap $154M

CH Comstock Holding logo Comstock Holding CHCI · US
Price$14.95
Fair Value$17.41
Upside+16.5%
Quality62/100
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Expensive Growth
Highly profitable · 27.1% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Wide moat 82/100
Evidence: High Range $11.55 – $29.32 Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 18 days ago

Share price −5.0% over the past month.

A solid business, screening 16% undervalued on our models.

What matters now

  • A fairly wide model range ($11.55 to $29.32) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

$19.49 $3.51 Fair Value $17.41 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $3.51 – $19.49 · fair‑value band $11.55 – $29.32 · the $14.95 price screens below the $17.41 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Comstock Holding (CHCI) currently trades at $14.95, while our model-based Fair Value estimate is $17.41, implying the stock looks roughly 16.5% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Comstock Holding generated revenue of $62.9M at a net margin of 27.1%. Revenue grew 41.5% year over year. It earns a return on equity of 27.9%. The balance sheet holds a net cash position of $25.9M. Fundamentals as of Jul 24, 2026

Our scenario range runs from $11.55 (bear case) to $29.32 (bull case); at $14.95, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 54% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 16%, CHCI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF $6.47 $8.31 $10.68 80
Residual Income $9.02 $13.19 $68.49 76
Rev-Margin DCF $7.16 $10.31 $14.24 74
All 26 models by family
DCF Models
FCF DCF $6.52 $8.60 $11.47 38
Owner Earnings $17.77 $25.76 $36.78 31
5Y Revenue Exit $7.16 $10.37 $14.64 39
5Y EBITDA Exit $9.96 $15.95 $23.36 41
5Y P/E Exit $18.89 $33.80 $50.61 38
10Y Revenue Exit $6.69 $9.33 $13.18 36
10Y EBITDA Exit $8.38 $12.76 $19.23 37
10Y P/E Exit $13.39 $23.74 $38.14 35
Earnings-Based
Graham-Dodd $11.55 $48.16 $65.67 54
Lynch FV $12.19 $17.41 $22.63 50
PEG = 1.0 $12.19 $17.41 $22.63 46
EPV $10.21 $11.12 $11.87 59
Dividend Discount
Gordon GGM $0.1500 $0.2600 $0.3300 70
DDM Multi-Stage $0.1500 $0.2400 $0.2800 61
Multiples
P/E Multiple $28.02 $37.37 $46.71 63
P/S Multiple $5.64 $7.51 $9.39 58
P/B Multiple $20.91 $27.88 $34.85 55
EV/EBIT $18.61 $23.96 $29.31 53
EV/EBITDA $13.54 $17.19 $20.85 54
EV/Revenue $7.83 $10.08 $12.34 43
Asset-Based
NCAV (Graham) $3.48 $4.67 $6.97 50
Growth DCF
Growth DCF $6.47 $8.31 $10.68 80
Rev-Margin DCF $7.16 $10.31 $14.24 74
Economic Profit
Residual Income $9.02 $13.19 $68.49 76
ROIC Compounder $10.82 $12.62 $14.66 72
Growth Earnings
Growth-Adj P/E $21.38 $30.55 $39.71 68

Widest divergence: Growth Earnings ($30.55) versus Dividend Discount ($0.2400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $62.9M
Revenue growth (YoY) +41.5%
Net margin 27.1%
Return on equity 27.9%
Free cash flow $4.4M FY2025
P/E ratio 9.0
More key figures
Operating margin 32.4%
EPS (TTM) $1.67
EPS growth (YoY) +29.5%
Net cash $25.9M FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 57

Profitability 73
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 59
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Comstock Holding Companies, Inc. operates as an asset manager, developer, and operator of mixed-use and transit-oriented properties in the United States. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties.

Full company description

Comstock Holding Companies, Inc. operates as an asset manager, developer, and operator of mixed-use and transit-oriented properties in the United States. The company acquires, develops, operates, and sells residential, commercial, and mixed-use properties. It provides various asset and property management, development and construction management, leasing and marketing services, acquisition and disposition, asset recapitalization, designing services comprising planning and entitlements, investment consultation and execution, and various other property-specific services to its asset-owning clients, which include primarily institutional real estate investors, high net worth family offices, financial institutions, and governmental bodies. The company also provides leasing and marketing, acquisition and disposition, asset recapitalization, planning and entitlements, strategic investment consultation and execution, and various other property-specific services. The company was formerly known as Comstock Homebuilding Companies, Inc. and changed its name to Comstock Holding Companies, Inc. in June 2012. Comstock Holding Companies, Inc. was founded in 1985 and is headquartered in Reston, Virginia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Comstock Holding reported revenue of $62.9M in FY2025 versus $31.1M in FY2021, a compound +19.2%/yr. Reported net income was $17.1M in FY2025, compounding +5.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$62.9M
Latest YoY
+22.6%
Avg. growth/yr (3Y) 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.
+16.9%
Avg. growth/yr (5Y) 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.
+22.8%
Avg. growth/yr (24Y) 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.
+0.9%
Revenue +19.2%/yr
FY21 $31.1M
FY22 $39.3M
FY23 $44.7M
FY24 $51.3M
FY25 $62.9M
Net income +5.8%/yr
FY21 $13.6M
FY22 $7.3M
FY23 $7.8M
FY24 $14.6M
FY25 $17.1M

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Cite: Fair Value Calculator (2026). "Comstock Holding Fair Value". https://www.fairvalue-calculator.com/stock/CHCI

Peer Group

Real Estate Services · 520 stocks

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.

Quality Score 62 · Above median
Fair Value upside +17% · Above median
Return on equity (TTM) 28% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 27% · Above median
Operating margin (TTM) 32% · Above median
Revenue growth 42% · Top 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 9.0× · Cheaper than median
P/B 2.20× · Pricier than 75% of peers
P/S (TTM) 2.45× · Pricier than median
P/FCF 34.8× · Pricier than 75% of peers
EV/EBITDA 10.5× · Cheaper than median
PEG 0.81× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 55 · sector 37
FUTURE 100 · sector 10
PAST 100 · sector 16
HEALTH 96 · sector 85
DIVIDEND 0 · sector 49

Insider activity: 40/100

Values & ESG

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

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Comstock Holding (CHCI) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $17.41 versus a price of $14.95, about +16% (undervalued).
What is the fair value of CHCI?
Our model-based fair value for Comstock Holding is $17.41 (as of Jul 24, 2026), built from audited fundamentals. The current price is $14.95.
What is the quality score of CHCI?
Comstock Holding 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 revenue of Comstock Holding (CHCI)?
Comstock Holding reported trailing-twelve-month revenue of about $62.9M (latest available figure, as of Jul 24, 2026).
What is the net profit margin of CHCI?
The net profit margin of Comstock Holding is about 27.1%, meaning it keeps roughly 27.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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