Navios Maritime Partners LP Unit (NMM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Navios Maritime Partners LP Unit $63.85, price $87.94, upside -27.4%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $19.00 – $93.71 · fair‑value band $47.89 – $83.51 · the $87.94 price screens above the $63.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Navios Maritime Partners L.P. owns and operates dry cargo and tanker vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, such as crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers.
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Navios Maritime Partners L.P. owns and operates dry cargo and tanker vessels in Asia, Europe, North America, and Australia. The company offers seaborne transportation services for a range of liquid and dry cargo commodities, such as crude oil, refined petroleum, chemicals, iron ore, coal, grain, fertilizer, and containers. It charters its vessels under short, medium, and longer-term time charters. As of March 5, 2026, the company's fleet consisted of 66 dry bulk vessels, 51 containerships, and 53 tanker vessels. Navios Maritime Partners L.P. was founded in 2007 and is based in Piraeus, Greece.
Stock analysis
Navios Maritime Partners LP Unit (NMM) currently trades at $87.94, while our model-based Fair Value estimate is $63.85, implying the stock looks roughly 37.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $266.56 per share, and 11 of the 17 models we run sit above the $87.94 price.
Bear case: the Asset-Based group reads lowest at $77.35, and 6 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: $47.89 (bear) to $83.51 (bull), the price of $87.94 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 52/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Navios Maritime Partners LP Unit reported revenue of $1.3B in FY2025 versus $713M in FY2021, a compound +17.2%/yr. Reported net income was $285M in FY2025, compounding −13.3%/yr from FY2021.
Key figures
Market cap $2.6B · P/E ratio 7.4 · P/S ratio 1.58 · EPS (TTM) $11.85 · Dividend yield 0.2% · Net margin 21.2% · Return on equity 10.7% · Return on assets (EBIT) 8.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 103% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 61% fair-value upside, at −27%, NMM screens richer than that median.
Fair Value models
Bear $47.89Fair Value $63.85Bull $83.51
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($8.51 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.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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+0.8%
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.
+3.6%
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.
+42.7%
Start year 2020 (pandemic). Over 10 years: +19.6% a year
Revenue growth 20 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.
+28.3%
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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.
−9.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−16% vs −1%, slowing
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.14% → 29%
Compare Navios Maritime Partners LP Unit with another stock
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.Marine Shipping · 236 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−27% · Below median
Profitability
Return on equity (TTM)11% · Above median
Return on assets5% · Above median
Net margin (TTM)25% · Above median
Operating margin (TTM)34% · Top 25%
Growth and dividend
Revenue growth17% · Above median
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.39× · Above median
Valuation Multiplesvs Marine Shipping median · lower = cheaper
P/E (TTM)7.4× · Cheaper than median
P/B0.80× · Cheaper than median
P/S (TTM)1.87× · Pricier than median
EV/EBITDA4.6× · Cheapest 25%
PEG2.18× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 36
FUTURE (revenue growth)87· sector 23
PAST (return on equity)43· sector 30
HEALTH (low debt)81· sector 89
DIVIDEND (yield)5· sector 53
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). "Navios Maritime Partners LP Unit Fair Value". https://www.fairvalue-calculator.com/stock/NMM
Frequently asked questions
Is Navios Maritime Partners LP Unit (NMM) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $63.85 versus a price of $87.94, about −27% upside (overvalued).
What is the fair value of NMM?
Our model-based fair value for Navios Maritime Partners LP Unit is $63.85 (as of Sep 23, 2026), built from audited fundamentals. The current price: $87.94.
What is the quality score of NMM?
Navios Maritime Partners LP Unit has a Quality Score of 52/100. 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 Navios Maritime Partners LP Unit (NMM)?
Our model-based price target is the fair value of $63.85 (as of Sep 23, 2026) from 17 valuation models. Cautious scenario $47.89, optimistic scenario $83.51. It is a calculation from audited fundamentals, not an analyst target.
What is the Navios Maritime Partners LP Unit stock forecast for 2026?
Our models put fair value at $63.85, about −27% upside versus a price of $87.94 (overvalued). Cautious scenario $47.89, optimistic scenario $83.51. The calculation is refreshed regularly with new filings.
What is the revenue of Navios Maritime Partners LP Unit (NMM)?
Navios Maritime Partners LP Unit reported trailing-twelve-month revenue of about $1.4B (latest available figure, as of Sep 23, 2026).
Does Navios Maritime Partners LP Unit pay a dividend?
Navios Maritime Partners LP Unit currently shows a dividend yield of about 0.24% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Navios Maritime Partners LP Unit (NMM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Navios Maritime Partners LP Unit it is $63.85 per share (as of Sep 23, 2026), against a price of $87.94. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Navios Maritime Partners LP Unit stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NMM trades above its calculated fair value: price $87.94, fair value $63.85, a gap of about −27% (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 NMM?
No. The price is what the market pays today ($87.94); the fair value is what the company's own numbers justify ($63.85). For Navios Maritime Partners LP Unit the two are $24.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Navios Maritime Partners LP Unit worth?
The market values Navios Maritime Partners LP Unit at about $2.6B (market capitalisation, as of Sep 23, 2026). Per share that is $87.94; our models calculate a fair value of $63.85 per share.
What do the bullish and bearish scenarios say about NMM?
Our models span a range for Navios Maritime Partners LP Unit: cautious scenario $47.89, base $63.85, optimistic $83.51 per share (as of Sep 23, 2026, price $87.94). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NMM?
Navios Maritime Partners LP Unit trades at a price-to-earnings ratio of 7.4 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $63.85 is built from several models across several years. Other multiples: PEG 2.2, P/B 0.8, P/S 1.9, EV/EBITDA 4.6.
What is the PEG ratio of NMM?
The PEG ratio of Navios Maritime Partners LP Unit is 2.18 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Navios Maritime Partners LP Unit (NMM)?
Balance-sheet figures for Navios Maritime Partners LP Unit (as of Sep 23, 2026): return on equity 10.7%, debt of 0.39 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is NMM from its 52-week high?
Navios Maritime Partners LP Unit trades at $87.94, about 6% below its 52-week high of $93.71 and 103% above the low of $43.34 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $63.85 is for.
Which stocks are comparable to Navios Maritime Partners LP Unit?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, 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 Navios Maritime Partners LP Unit stock attractive at the current price?
The data as of Sep 23, 2026: price $87.94, calculated fair value $63.85 (−27%), Quality Score 52/100, from 17 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 NMM calculated?
We run Navios Maritime Partners LP Unit through 17 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 $63.85, 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. Navios Maritime Partners LP Unit 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 Navios Maritime Partners LP Unit (NMM)?
The closing price on Sep 23, 2026 was $87.94. Our model-based fair value is $63.85, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Navios Maritime Partners LP Unit right now?
The price sits above even our optimistic bull case ($83.51). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Navios Maritime Partners LP Unit (NMM) come from?
Earnings per share at Navios Maritime Partners LP Unit grew +1.4 % a year from 2012 to 2023. Broken into its drivers: revenue per share −1.7 %, EBIT margin +1.6 %, tax rate +3.4 %, residual (interest, one-offs) −1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Navios Maritime Partners LP Unit
How large is the market capitalisation of Navios Maritime Partners LP Unit (NMM)?
The market capitalisation of Navios Maritime Partners LP Unit is $2.6B. 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 Navios Maritime Partners LP Unit (NMM)?
The price-to-sales ratio of Navios Maritime Partners LP Unit is 1.58 (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 Navios Maritime Partners LP Unit (NMM)?
Earnings per share at Navios Maritime Partners LP Unit are $11.85 (price ÷ EPS = P/E 7.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Navios Maritime Partners LP Unit (NMM)?
The dividend yield of Navios Maritime Partners LP Unit is 0.2% (payout 1.8%). 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 Navios Maritime Partners LP Unit (NMM)?
The net margin of Navios Maritime Partners LP Unit is 21.2% (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 Navios Maritime Partners LP Unit (NMM)?
The return on equity (ROE) of Navios Maritime Partners LP Unit is 10.7% (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 Navios Maritime Partners LP Unit (NMM)?
On an EBIT basis the return on assets of Navios Maritime Partners LP Unit is 8.1% (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 Navios Maritime Partners LP Unit (NMM)?
The operating margin of Navios Maritime Partners LP Unit is 34.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Navios Maritime Partners LP Unit (NMM)?
Revenue at Navios Maritime Partners LP Unit is growing +17.4% versus a year earlier (3y avg +3.6%). 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 Navios Maritime Partners LP Unit (NMM)?
Earnings per share at Navios Maritime Partners LP Unit are growing +163% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Navios Maritime Partners LP Unit (NMM) generate?
The free cash flow of Navios Maritime Partners LP Unit is −$36.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Navios Maritime Partners LP Unit (NMM) carry?
The net debt of Navios Maritime Partners LP Unit is $2.0B (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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Sep 23, 2026