Liberty Energy Inc. (LBRT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Liberty Energy Inc. stock $10.92, price $11.96, that is 8.7% below the price, quality 42 out of 100. Rating: fairly valued. Calculated from audited financials with 25 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 5, 2026.
How to read this chart
60‑month range $8.19 – $33.68 · fair‑value band $6.33 – $19.26 · the $11.96 price screens above the $10.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.
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Liberty Energy Inc.,an integrated energy services and technology company, provides hydraulic fracturing services and related technologies onshore oil, natural gas, and enhanced geothermal exploration and production companies in North America.
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It offers wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and proppant handling equipment and logistics software.
As of as of December 31, 2025, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.
It also provides services primarily in the Permian Basin, the Williston Basin, the Haynesville Shale, the Eagle Ford Shale, the Denver-Julesburg Basin, the Western Canadian Sedimentary Basin, the Powder River Basin, and the Appalachian Basin, as well as in the Anadarko Basin, the Uinta Basin, the San Juan Basin, and the Beetaloo Basin.
The company was formerly known as Liberty Oilfield Services Inc. and changed its name to Liberty Energy Inc. in April 2022. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado.
Stock analysis
Liberty Energy Inc. (LBRT) currently trades at $11.96, while our model-based Fair Value estimate is $10.92, so the stock looks roughly fairly valued today (gap 9.5%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $15.67 per share, and 11 of the 24 models we run sit above the $11.96 price.
Bear case: the Growth DCF group reads lowest at $3.78, and 13 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $6.33 (bear) to $19.26 (bull), the price of $11.96 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 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.
Liberty Energy Inc. reported revenue of $4.0B in FY2025 versus $2.5B in FY2021, a compound +12.8%/yr. Reported net income was $148M in FY2025.
Key figures
Market cap $2.0B Small · P/E ratio 49.8 · P/S ratio 0.44 · EPS (TTM) $0.2400 · Dividend yield 3.0% · Net margin 0.9% · Return on equity 2.0% · Return on assets (EBIT) 10.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 64% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −9%, LBRT screens cheaper than that median.
Fair Value models
Bear$6.33Fair Value $10.92Bull$19.26
Price $11.96 · Downside -8.7%
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.
In the last 6 months, 4 officers or directors bought shares worth $895,644, most recently on Nov 3, 2026. Over the same period, one person sold shares worth $1.9M. Buying cluster
BuyRon GusekCEO and President, Director25,000 shares at $15.09$377,335Nov 3, 2026
BuyRyan T GosneyChief Accounting Officer3,000 shares at $15.00$45,000Nov 3, 2026
SaleMichael StockChief Financial Officer9× since Feb 6, 2026: 94,993 shares, avg. $26.33$2.5MNov 2, 2026
BuyKen BabcockDirector14,500 shares at $15.40$223,300Oct 26, 2026
BuyArjun N MurtiDirector2× since Feb 17, 2026: 23,749 shares, avg. $21.06$500,057Jul 28, 2026
SaleWilliam F KimbleChairman of the Board, Director7,350 shares at $33.92$249,312May 5, 2026
SaleR Sean ElliottChief Legal Officer25,000 shares at $25.40$635,000Feb 6, 2026
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−7.2%
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.
−1.2%
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.
+32.9%
Start year 2020 (pandemic). Over 10 years: +24.3% a year
Revenue growth 10 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.
+24.3%
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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. Basis: adjusted.
+3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.7%
Dividend (yield on the price)3.0%
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.−15% → 2%
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).
+48.3%
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.
+7.7%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +44.9% a year for the price and +5.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 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.
AI conclusion: Fully utilized fracking fleets support activity levels, yet thin margins and few durable advantages constrain returns in this commoditized oil services business.
Main risk: Pricing delays from older contracts risk eroding margins in the completions segment before new power infrastructure investments deliver offsetting cash flows.
Liberty's traditional fracking fleets remain fully utilized yet face pricing delays from older contracts that could soften third-quarter margins. Meanwhile the company is pouring significant capital into Liberty Power Innovations and joint ventures to supply gigawatts of power for data centers by 2029. Will the new infrastructure business generate enough cash flow to offset margin pressure in completions before the investments mature?
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 Equipment & Services · 166 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−8.7% · Below median
Profitability
Return on equity (12 months)2.0% · Below median
Return on assets4.2% · Above median
Net margin (12 months)0.9% · Below median
Operating margin (12 months)1.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)26.3% · Top 25%
Dividend yield (12 months)3.0% · Above median
Balance sheet
Debt / equity0.12× · Below median
Valuation Multiplesvs Oil & Gas Equipment & Services 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). "Liberty Energy Inc. Fair Value". https://www.fairvalue-calculator.com/stock/LBRT
Frequently asked questions
Is Liberty Energy Inc. (LBRT) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $10.92 versus a price of $11.96, about 9% lower (fairly valued).
What is the fair value of LBRT?
Our model-based fair value for Liberty Energy Inc. is $10.92 (as of Nov 5, 2026), built from audited fundamentals. The current price: $11.96.
What is the quality score of LBRT?
Liberty Energy 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 Liberty Energy Inc. (LBRT)?
Our model-based price target is the fair value of $10.92 (as of Nov 5, 2026) from 25 valuation models. Cautious scenario $6.33, optimistic scenario $19.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Liberty Energy Inc. stock forecast for 2026?
Our models put fair value at $10.92, about 9% lower versus a price of $11.96 (fairly valued). Cautious scenario $6.33, optimistic scenario $19.26. The calculation is refreshed regularly with new filings.
What is the revenue of Liberty Energy Inc. (LBRT)?
Liberty Energy Inc. reported trailing-twelve-month revenue of about $4.4B (latest available figure, as of Nov 5, 2026).
Does Liberty Energy Inc. pay a dividend?
Liberty Energy Inc. currently shows a dividend yield of 3.01% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Liberty Energy Inc. (LBRT) and when is the ex-dividend date?
Liberty Energy Inc. pays a dividend of $0.36 per share a year, a dividend yield of 3.0%. The next ex-dividend date is Dec 4, 2026, with payment on Dec 18, 2026. A dividend has been paid every year since 2022. Free cash flow covers the dividend 0.24 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into Liberty Energy Inc. (LBRT)?
For today's price to be fair in a discounted-cash-flow model, Liberty Energy Inc. would have to grow free cash flow by +48.3 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +32.9 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of LBRT use?
Our models discount Liberty Energy Inc. at 9.1 %: a base by market capitalisation (mid), damped by beta 0.72, 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 Liberty Energy Inc. that is +48.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Liberty Energy Inc. (LBRT) delivered so far?
Over the past 5 years revenue at Liberty Energy Inc. grew +32.9 % a year. The price currently implies free-cash-flow growth of +48.3 % 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 Liberty Energy Inc. (LBRT) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Liberty Energy Inc. (+48.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Liberty Energy Inc. (LBRT)?
The free-cash-flow yield on the price is 0.70 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Liberty Energy Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Liberty Energy Inc. (LBRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Liberty Energy Inc. it is $10.92 per share (as of Nov 5, 2026), against a price of $11.96. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Liberty Energy Inc. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, LBRT trades above its calculated fair value: price $11.96, fair value $10.92, a gap of about −9% (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 LBRT?
No. The price is what the market pays today ($11.96); the fair value is what the company's own numbers justify ($10.92). For Liberty Energy Inc. the two are $1.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Liberty Energy Inc. worth?
The market values Liberty Energy Inc. at about $2.0B (market capitalisation, as of Nov 5, 2026). Per share that is $11.96; our models calculate a fair value of $10.92 per share.
What do the bullish and bearish scenarios say about LBRT?
Our models span a range for Liberty Energy Inc.: cautious scenario $6.33, base $10.92, optimistic $19.26 per share (as of Nov 5, 2026, price $11.96). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LBRT?
Liberty Energy Inc. trades at a price-to-earnings ratio of 49.8 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $10.92 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 79.7 (reported for FY2025: 13.4). Median P/E at fiscal year-end, 6 fiscal years (2018 to 2025), reported earnings, 5 of the years ex one-offs: 10.1. Other multiples: P/B 0.9, P/S 0.4, EV/EBITDA 4.0.
How solid is the balance sheet of Liberty Energy Inc. (LBRT)?
Balance-sheet figures for Liberty Energy Inc. (as of Nov 5, 2026): return on equity 2.0%, debt of 0.12 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is LBRT from its 52-week high?
Liberty Energy Inc. trades at $11.96, about 64% below its 52-week high of $33.68 and 5% above the low of $11.35 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $10.92 is for.
Which stocks are comparable to Liberty Energy Inc.?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Halliburton Company, Tenaris S.A, 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 Liberty Energy Inc. stock attractive at the current price?
The data as of Nov 5, 2026: price $11.96, calculated fair value $10.92 (−9%), 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 LBRT calculated?
We run Liberty Energy Inc. through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $10.92 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. Liberty Energy 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 Liberty Energy Inc. (LBRT)?
The closing price on Nov 6, 2026 was $11.96. Our model-based fair value is $10.92, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Liberty Energy Inc. right now?
The model range is unusually wide ($6.33 to $19.26). 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 Liberty Energy Inc.
How large is the market capitalisation of Liberty Energy Inc. (LBRT)?
The market capitalisation of Liberty Energy Inc. is $2.0B. 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 Liberty Energy Inc. (LBRT)?
The price-to-sales ratio of Liberty Energy Inc. is 0.44 (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 Liberty Energy Inc. (LBRT)?
Earnings per share at Liberty Energy Inc. are $0.2400 (price ÷ EPS = P/E 49.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Liberty Energy Inc. (LBRT)?
The dividend yield of Liberty Energy Inc. is 3.0% (payout 150%). 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 Liberty Energy Inc. (LBRT)?
The net margin of Liberty Energy Inc. is 0.9% (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 Liberty Energy Inc. (LBRT)?
The return on equity (ROE) of Liberty Energy Inc. is 2.0% (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 Liberty Energy Inc. (LBRT)?
On an EBIT basis the return on assets of Liberty Energy Inc. is 10.2% (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 Liberty Energy Inc. (LBRT)?
The operating margin of Liberty Energy Inc. is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Liberty Energy Inc. (LBRT)?
Revenue at Liberty Energy Inc. is growing +26.3% versus a year earlier (3y avg −1.2%). 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 Liberty Energy Inc. (LBRT)?
Earnings per share at Liberty Energy Inc. are growing −39.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Liberty Energy Inc. (LBRT) carry?
The net debt of Liberty Energy Inc. is $846M (fiscal year 2025, ≈ 60.0 yrs of FCF). 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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Broad data
Nov 5, 2026