Delek US Energy Inc (DK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Delek US Energy Inc stock $66.48, price $63.95, upside +4.0%, quality 50 out of 100. Rating: fairly valued. Calculated from audited financials with 11 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 8, 2026.
How to read this chart
60‑month range $10.97 – $81.55 · fair‑value band $29.42 – $105.38 · the $63.95 price screens below the $66.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates in two segments Refining and Logistics.
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The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
It owns and operates refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana.
The Logistics segment gathers, transports, and stores crude oil and natural gas, intermediate, and refined products; and markets, distributes, transports, and stores refined products, as well as disposes and recycles water for third parties.
It owns or leases crude oil transportation pipelines, refined product pipelines, crude oil gathering systems, and associated crude oil storage tanks; and owns and operates light product distribution terminals, as well as markets light products using third-party terminals.
It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.
Stock analysis
Delek US Energy Inc (DK) currently trades at $63.95, while our model-based Fair Value estimate is $66.48, so the stock looks roughly fairly valued today (gap 3.8%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of $51.16 per share, and 0 of the 11 models we run sit above the $63.95 price.
Bear case: the Earnings-Based group reads lowest at $24.79, and 11 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $29.42 (bear) to $105.38 (bull), the price of $63.95 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 50/100 (solid 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.
Delek US Energy Inc reported revenue of $10.7B in FY2025 versus $10.6B in FY2021, a compound +0.2%/yr. Reported net income was −$22.8M in FY2025.
Key figures
Market cap $4.0B Mid · P/E ratio 3.4 · P/S ratio 0.30 · EPS (TTM) $18.93 · Dividend yield 1.6% · Net margin 8.7% · Return on equity 117% · Return on assets (EBIT) 1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 144% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at 4%, DK screens cheaper than that median.
Fair Value models
Bear$29.42Fair Value $66.48Bull$105.38
Price $63.95 · Upside +4.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($15.31 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.
Best data coverage
FCF DCF$19.72$52.56$102.8072
EPV$14.86$24.79$33.5772
Growth DCF$21.30$51.16$94.4872
All 11 models by family
DCF Models
FCF DCF$19.72$52.56$102.8072
5Y Revenue Exit$15.52$48.00$88.7066
5Y EBITDA Exit$12.79$43.01$77.3268
10Y Revenue Exit$14.66$44.68$83.4260
10Y EBITDA Exit$14.71$41.21$74.7862
Earnings-Based
EPV$14.86$24.79$33.5772
Multiples
EV/EBIT$3.96$20.13$36.2959
EV/EBITDA$13.80$33.24$52.6963
EV/Revenue$14.31$39.52$64.7450
Growth DCF
Growth DCF$21.30$51.16$94.4872
Economic Profit
ROIC Compounder$16.92$32.76$52.1866
The fair value above starts from this blend and is adjusted for a cyclical trough year.
In the last 6 months, 11 officers or directors sold shares worth $26.4M and none bought.
SaleWilliam J FinnertyDirector6× since Mar 4, 2026: 24,792 shares, avg. $51.40$1.3MSep 11, 2026
SaleAmber RussellEVP, Refining5,392 shares at $75.50$407,096Sep 11, 2026
SaleVicky SutilDirector4× since May 28, 2026: 15,026 shares, avg. $56.74$852,589Sep 4, 2026
SaleReuven SpiegelEVP, Special Projects5× since Nov 11, 2025: 74,500 shares, avg. $48.97$3.6MSep 1, 2026
SaleGary M Sullivan Jr.Director27,688 shares at $69.01$1.9MAug 24, 2026
SaleRichard J MarcoglieseDirector2,000 shares at $71.05$142,100Aug 21, 2026
SaleAvigal SoreqPresident & CEO, Director2× since Mar 3, 2026: 130,000 shares, avg. $56.73$7.4MAug 17, 202610b5-1 plan
SaleMark Wayne HobbsEVP, Delek Logistics20,000 shares at $64.58$1.3MAug 17, 202610b5-1 plan
SaleEzra Uzi YeminDirector5× since Mar 4, 2026: 480,000 shares, avg. $54.41$26.1MAug 13, 202610b5-1 plan
SaleLaurie Z. TolsonDirector4,921 shares at $46.30$227,842May 18, 2026
Plus 4 more entries from the last 12 months.
Plus 20 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−9.5%
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.
−18.5%
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.
+8.0%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 23 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.
+13.8%
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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.
−10.0% (2020) → 3.7% (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
not computed
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).
+61.0%
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.
+1.4%
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 +57.2% a year for the price and −0.9% for the forecasts.
AI conclusion: Government support for expanding the Tyler refinery provides a potential operational boost, yet negative net income, low margins and high debt relative to equity remain the core structural weaknesses in a cyclical sector.
Main risk: Thin margins and high leverage relative to equity could limit any lasting improvement from the refinery expansion and constrain sustainable refining results.
The US administration plans to invoke the Defense Production Act to expand Delek’s Tyler refinery and increase output of commercial and military fuels. Our models see the stock as overvalued, so the key uncertainty is whether this government support will meaningfully improve refining results or whether thin margins and leverage will limit any lasting effect. Will the expansion create durable advantages for the business or mainly provide short-term breathing room in a cyclical sector?
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 Refining & Marketing · 115 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+4.0% · Above median
Profitability
Return on equity (12 months)117.5% · Top 25%
Return on assets−0.3% · Bottom 25%
Net margin (12 months)8.7% · Top 25%
Operating margin (12 months)34.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)52.1% · Top 25%
Dividend yield (12 months)1.6% · Below median
Balance sheet
Debt / equity11.25× · Highest 25%
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
P/E (12 months)3.4× · Cheapest 25%
P/B13.95× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Delek US Energy Inc Fair Value". https://www.fairvalue-calculator.com/stock/DK
Frequently asked questions
Is Delek US Energy Inc (DK) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $66.48 versus a price of $63.95, about +4% upside (fairly valued).
What is the fair value of DK?
Our model-based fair value for Delek US Energy Inc is $66.48 (as of Nov 8, 2026), built from audited fundamentals. The current price: $63.95.
What is the quality score of DK?
Delek US Energy Inc has a Quality Score of 50/100. 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 Delek US Energy Inc (DK)?
Our model-based price target is the fair value of $66.48 (as of Nov 8, 2026) from 11 valuation models. Cautious scenario $29.42, optimistic scenario $105.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Delek US Energy Inc stock forecast for 2026?
Our models put fair value at $66.48, about +4% upside versus a price of $63.95 (fairly valued). Cautious scenario $29.42, optimistic scenario $105.38. The calculation is refreshed regularly with new filings.
What is the revenue of Delek US Energy Inc (DK)?
Delek US Energy Inc reported trailing-twelve-month revenue of about $13.6B (latest available figure, as of Nov 8, 2026).
Does Delek US Energy Inc pay a dividend?
Delek US Energy Inc currently shows a dividend yield of 1.59% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Delek US Energy Inc (DK) and when is the ex-dividend date?
Delek US Energy Inc pays a dividend of $1.02 per share a year, a dividend yield of 1.6%. The next ex-dividend date is Nov 10, 2026, with payment on Nov 18, 2026. A dividend has been paid every year since 2022. The payout ratio is 5.4% of earnings. Free cash flow covers the dividend 0.35 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Delek US Energy Inc (DK)?
For today's price to be fair in a discounted-cash-flow model, Delek US Energy Inc would have to grow free cash flow by +61.0 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of DK use?
Our models discount Delek US Energy Inc at 8.7 %: a base by market capitalisation (mid), 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 Delek US Energy Inc that is +61.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has Delek US Energy Inc (DK) delivered so far?
Over the past 5 years revenue at Delek US Energy Inc grew +8.0 % a year. The price currently implies free-cash-flow growth of +61.0 % 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 Delek US Energy Inc (DK) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Delek US Energy Inc (+61.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Delek US Energy Inc (DK)?
The free-cash-flow yield on the price is 0.55 %: that much free cash flow Delek US Energy Inc produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Delek US Energy Inc (DK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Delek US Energy Inc it is $66.48 per share (as of Nov 8, 2026), against a price of $63.95. It is the blended result of 11 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit).
Is Delek US Energy Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, DK trades below its calculated fair value: price $63.95, fair value $66.48, a gap of about +4% (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 DK?
No. The price is what the market pays today ($63.95); the fair value is what the company's own numbers justify ($66.48). For Delek US Energy Inc the two are $2.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Delek US Energy Inc worth?
The market values Delek US Energy Inc at about $4.0B (market capitalisation, as of Nov 8, 2026). Per share that is $63.95; our models calculate a fair value of $66.48 per share.
What do the bullish and bearish scenarios say about DK?
Our models span a range for Delek US Energy Inc: cautious scenario $29.42, base $66.48, optimistic $105.38 per share (as of Nov 8, 2026, price $63.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DK?
Delek US Energy Inc trades at a price-to-earnings ratio of 3.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $66.48 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2017 to 2023), reported earnings: 8.3. Other multiples: PEG 0.4, P/B 14.0, P/S 0.3, EV/EBITDA 2.9.
What is the PEG ratio of DK?
The PEG ratio of Delek US Energy Inc is 0.38 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Delek US Energy Inc (DK)?
Balance-sheet figures for Delek US Energy Inc (as of Nov 8, 2026): return on equity 117.5%, debt of 11.25 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is DK from its 52-week high?
Delek US Energy Inc trades at $63.95, about 22% below its 52-week high of $81.55 and 144% above the low of $26.26 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $66.48 is for.
Which stocks are comparable to Delek US Energy Inc?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Phillips 66, Marathon Petroleum 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 Delek US Energy Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $63.95, calculated fair value $66.48 (+4%), Quality Score 50/100, from 11 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 DK calculated?
We run Delek US Energy Inc through 11 models from 5 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $66.48 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 13.0% above its aggregate fair value. Delek US Energy Inc currently trades 4% 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 Delek US Energy Inc (DK)?
The closing price on Nov 6, 2026 was $63.95. Our model-based fair value is $66.48, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Delek US Energy Inc right now?
The model range is unusually wide ($29.42 to $105.38). 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.
Key figures of Delek US Energy Inc
How large is the market capitalisation of Delek US Energy Inc (DK)?
The market capitalisation of Delek US Energy Inc is $4.0B. 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 Delek US Energy Inc (DK)?
The price-to-sales ratio of Delek US Energy Inc is 0.30 (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 Delek US Energy Inc (DK)?
Earnings per share at Delek US Energy Inc are $18.93 (price ÷ EPS = P/E 3.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Delek US Energy Inc (DK)?
The dividend yield of Delek US Energy Inc is 1.6% (payout 5.4%). 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 Delek US Energy Inc (DK)?
The net margin of Delek US Energy Inc is 8.7% (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 Delek US Energy Inc (DK)?
The return on equity (ROE) of Delek US Energy Inc is 117% (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 Delek US Energy Inc (DK)?
On an EBIT basis the return on assets of Delek US Energy Inc is 1.5% (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 Delek US Energy Inc (DK)?
The operating margin of Delek US Energy Inc is 34.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Delek US Energy Inc (DK)?
Revenue at Delek US Energy Inc is growing +52.1% versus a year earlier (3y avg −18.5%). 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 Delek US Energy Inc (DK)?
Earnings per share at Delek US Energy Inc are growing +523% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Delek US Energy Inc (DK) carry?
The net debt of Delek US Energy Inc is $2.7B (fiscal year 2025). 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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Some data
Nov 8, 2026