Kodiak Gas Services, Inc. (KGS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kodiak Gas Services, Inc. $36.78, price $53.30, upside -31.0%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Kodiak Gas Services, Inc. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
39‑month range $13.23 – $76.27 · fair‑value band $25.74 – $47.82 · the $53.30 price screens above the $36.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Kodiak Gas Services in your weekly email
Every Wednesday you see whether Kodiak Gas Services is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Kodiak Gas Services, Inc. operates and provides contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Contract Services and Other Services.
Show more
Kodiak Gas Services, Inc. operates and provides contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Contract Services and Other Services. The Contract Services segment operates company-owned and customer-owned compression, and gas treating and cooling infrastructure to enable the production, gathering, processing, and transportation of natural gas and oil. The Other Services segment provides a range of services to support the needs of customers, including station construction, maintenance and overhaul, freight and crane charges, parts sales, and other ancillary time and material-based offerings. The company was formerly known as Frontier TopCo, Inc. Kodiak Gas Services, Inc. was founded in 2010 and is headquartered in The Woodlands, Texas.
Stock analysis
Kodiak Gas Services, Inc. (KGS) currently trades at $53.30, while our model-based Fair Value estimate is $36.78, implying the stock looks roughly 44.9% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $36.57 per share, and 3 of the 25 models we run sit above the $53.30 price.
Bear case: the Asset-Based group reads lowest at $8.02, and 22 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: $25.74 (bear) to $47.82 (bull), the price of $53.30 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 42/100 (below-average quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kodiak Gas Services, Inc. reported revenue of $1.3B in FY2025 versus $606M in FY2021, a compound +21.2%/yr. Reported net income was $80.5M in FY2025, compounding −18.3%/yr from FY2021.
Key figures
Market cap $7.0B · P/E ratio 67.5 · P/S ratio 4.15 · EPS (TTM) $0.7900 · Dividend yield 3.6% · Net margin 6.2% · Return on equity 5.4% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 64% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at −31%, KGS screens richer than that median.
Fair Value models
Bear $25.74Fair Value $36.78Bull $47.82
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.8%
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.
+22.7%
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.
+19.7%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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. Basis: adjusted.
+1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.3%
Dividend (yield on the price)3.6%
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.32% → 32%
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what 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).
+12.8%
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.
+13.6%
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 +10.2% a year for the price and +11.0% for the forecasts.
Compare Kodiak Gas Services, Inc. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 Equipment & Services · 190 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−31% · Below median
Profitability
Return on equity (TTM)5% · Below median
Return on assets6% · Top 25%
Net margin (TTM)5% · Below median
Operating margin (TTM)34% · Top 25%
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)3.6% · Top 25%
Balance sheet
Debt / equity2.12× · Highest 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (TTM)67.5× · Priciest 25%
P/B5.77× · Priciest 25%
P/S (TTM)5.27× · Priciest 25%
P/FCF24.5× · Priciest 25%
EV/EBITDA13.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)25· sector 4
PAST (return on equity)22· sector 28
HEALTH (low debt)0· sector 91
DIVIDEND (yield)72· sector 34
VALUE 0: the price sits above our fair-value range.
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). "Kodiak Gas Services, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/KGS
Frequently asked questions
Is Kodiak Gas Services, Inc. (KGS) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $36.78 versus a price of $53.30, about −31% upside (overvalued).
What is the fair value of KGS?
Our model-based fair value for Kodiak Gas Services, Inc. is $36.78 (as of Sep 24, 2026), built from audited fundamentals. The current price: $53.30.
What is the quality score of KGS?
Kodiak Gas Services, Inc. has a Quality Score of 42/100. 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 Kodiak Gas Services, Inc. (KGS)?
Our model-based price target is the fair value of $36.78 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario $25.74, optimistic scenario $47.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Kodiak Gas Services, Inc. stock forecast for 2026?
Our models put fair value at $36.78, about −31% upside versus a price of $53.30 (overvalued). Cautious scenario $25.74, optimistic scenario $47.82. The calculation is refreshed regularly with new filings.
What is the revenue of Kodiak Gas Services, Inc. (KGS)?
Kodiak Gas Services, Inc. reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Sep 24, 2026).
Does Kodiak Gas Services, Inc. pay a dividend?
Kodiak Gas Services, Inc. currently shows a dividend yield of about 3.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Kodiak Gas Services, Inc. (KGS)?
For today's price to be fair in a discounted-cash-flow model, Kodiak Gas Services, Inc. would have to grow free cash flow by +12.8 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of KGS use?
Our models discount Kodiak Gas Services, Inc. at 9.3 %: a base by market capitalisation (mid), damped by beta 0.82, 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 Kodiak Gas Services, Inc. that is +12.8 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Kodiak Gas Services, Inc. (KGS) delivered so far?
Over the past 5 years revenue at Kodiak Gas Services, Inc. grew +19.7 % a year. The price currently implies +12.8 % per year free-cash-flow growth a 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 Kodiak Gas Services, Inc. (KGS) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Kodiak Gas Services, Inc. (+12.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kodiak Gas Services, Inc. (KGS)?
The free-cash-flow yield on the price is 6.10 %: that much free cash flow Kodiak Gas Services, Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kodiak Gas Services, Inc. (KGS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kodiak Gas Services, Inc. it is $36.78 per share (as of Sep 24, 2026), against a price of $53.30. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Kodiak Gas Services, Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KGS trades above its calculated fair value: price $53.30, fair value $36.78, a gap of about −31% (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 KGS?
No. The price is what the market pays today ($53.30); the fair value is what the company's own numbers justify ($36.78). For Kodiak Gas Services, Inc. the two are $16.52 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kodiak Gas Services, Inc. worth?
The market values Kodiak Gas Services, Inc. at about $7.0B (market capitalisation, as of Sep 24, 2026). Per share that is $53.30; our models calculate a fair value of $36.78 per share.
What do the bullish and bearish scenarios say about KGS?
Our models span a range for Kodiak Gas Services, Inc.: cautious scenario $25.74, base $36.78, optimistic $47.82 per share (as of Sep 24, 2026, price $53.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KGS?
Kodiak Gas Services, Inc. trades at a price-to-earnings ratio of 67.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $36.78 is built from several models across several years. Other multiples: P/B 5.8, P/S 5.3, EV/EBITDA 13.6.
How solid is the balance sheet of Kodiak Gas Services, Inc. (KGS)?
Balance-sheet figures for Kodiak Gas Services, Inc. (as of Sep 24, 2026): return on equity 5.4%, debt of 2.12 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is KGS from its 52-week high?
Kodiak Gas Services, Inc. trades at $53.30, about 30% below its 52-week high of $76.27 and 64% above the low of $32.41 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $36.78 is for.
Which stocks are comparable to Kodiak Gas Services, Inc.?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton Company, 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 Kodiak Gas Services, Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $53.30, calculated fair value $36.78 (−31%), Quality Score 42/100, from 25 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 KGS calculated?
We run Kodiak Gas Services, Inc. through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $36.78, 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 14.1 % above its aggregate fair value. Kodiak Gas Services, 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 Kodiak Gas Services, Inc. (KGS)?
The closing price on Sep 23, 2026 was $53.30. Our model-based fair value is $36.78, about −31% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kodiak Gas Services, Inc. right now?
The price sits above even our optimistic bull case ($47.82). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($25.74 to $47.82) leaves room in how you read the outcome.
Key figures of Kodiak Gas Services, Inc.
How large is the market capitalisation of Kodiak Gas Services, Inc. (KGS)?
The market capitalisation of Kodiak Gas Services, Inc. is $7.0B. 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 Kodiak Gas Services, Inc. (KGS)?
The price-to-sales ratio of Kodiak Gas Services, Inc. is 4.15 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kodiak Gas Services, Inc. (KGS)?
Earnings per share at Kodiak Gas Services, Inc. are $0.7900 (price ÷ EPS = P/E 67.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kodiak Gas Services, Inc. (KGS)?
The dividend yield of Kodiak Gas Services, Inc. is 3.6%. 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 Kodiak Gas Services, Inc. (KGS)?
The net margin of Kodiak Gas Services, Inc. is 6.2% (fiscal year 2025). 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 Kodiak Gas Services, Inc. (KGS)?
The return on equity (ROE) of Kodiak Gas Services, Inc. is 5.4% (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 Kodiak Gas Services, Inc. (KGS)?
On an EBIT basis the return on assets of Kodiak Gas Services, Inc. is 7.2% (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 Kodiak Gas Services, Inc. (KGS)?
The operating margin of Kodiak Gas Services, Inc. is 33.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kodiak Gas Services, Inc. (KGS)?
Revenue at Kodiak Gas Services, Inc. is growing +4.9% versus a year earlier (3y avg +22.7%). 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 Kodiak Gas Services, Inc. (KGS)?
Earnings per share at Kodiak Gas Services, Inc. are growing −39.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kodiak Gas Services, Inc. (KGS) carry?
The net debt of Kodiak Gas Services, Inc. is $40.6M (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Kodiak Gas Services, Inc. in the live analysis
One click puts Kodiak Gas Services, Inc. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Broad data
Sep 24, 2026