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Data-driven stock valuation

NET Power Inc. (NPWR) fair value: what the stock is really worth

As of Oct 23, 2026: fair value (intrinsic value) of NET Power Inc. stock $0.14, price $0.91, upside -84.1%, quality 15 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · US · ISIN US64107A1051

NP NET Power Inc. logo Thin data Oct 4, 2026

NET Power Inc.

NPWR · US

Weakest SetupStrongly overvalued and low quality.

Our calculation puts a fair price 84% below what the stock costs today.

Fair value $0.1445 · Strongly overvalued (−84.1%)
Quality 15/100
Weak Growth (revenue 3y −50.8 %/yr in USD)
Negative free cash flow
Trails peers (2/7)
Narrow moat 9/100
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$16.51 $0.9100 Fair Value $0.1445 Aug 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.

How to read this chart

60‑month range $0.9100 – $16.51 · fair‑value band $0.1105 – $0.2125 · the $0.9100 price screens above the $0.1445 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.

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Company profile

NET Power Inc. operates as an energy technology company in the United States. Its technology includes oxy-combustion cycle, a power generation system designed to produce electricity from natural gas while capturing atmospheric emissions.

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The company was founded in 2010 and is headquartered in Durham, North Carolina.

Stock analysis

NET Power Inc. (NPWR) currently trades at $0.9100, while our model-based Fair Value estimate is $0.1445, 84.1% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 81/100, which puts the data coverage at low.

Scenario range: $0.1105 (bear) to $0.2125 (bull), the price of $0.9100 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 15/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

NET Power Inc. reported revenue of $0 in FY2025 versus $2.1M in FY2021. Reported net income was −$579M in FY2025.

Key figures

Market cap $80.5M Micro · EPS (TTM) $−6.47 · Return on equity −142% · Return on assets (EBIT) −27.7% · Revenue growth (YoY) +90.4% · Free cash flow −$154M · Net cash $196M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 78% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −45% fair-value upside, at −84%, NPWR screens richer than that median.

Fair Value models

Bear $0.1105 Fair Value $0.1445 Bull $0.2125
Price $0.9100 · Upside -84.1%
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.
Best data coverage
NCAV (Graham) $0.1300 $0.1700 $0.2500 51
All 1 models by family
Asset-Based
NCAV (Graham) $0.1300 $0.1700 $0.2500 51

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 15/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 17
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 61
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 27
How calm the share price moves, does not count
Momentum 1
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+42.9%
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.
−50.8%
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.
−80,882.2% (2020) → −72,528.4% (2024)
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

NPWR screens overvalued: fair value 84% below the price. Compare with GE Vernova Inc →

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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.Specialty Industrial Machinery · 791 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 15 · Bottom 25%
Fair Value upside −84.6% · Bottom 25%
Profitability
Return on assets −96.5% · Bottom 25%
Operating margin (12 months) 0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 90.4% · Top 25%

Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper

P/B 0.41× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 31
PAST (return on equity)0 · sector 27
HEALTH (low debt)0 · sector 96
DIVIDEND (yield)0 · sector 27

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cummins Inc CMI $542.21 $359.16 −34% vs NPWR
SIE SIE €255.70 €149.56 −42% vs NPWR
Illinois Tool Works Inc ITW $276.80 $153.97 −44% vs NPWR
Parker-Hannifin Corporation PH $893.21 $495.17 −45% vs NPWR
Sandvik AB SAND kr 354.00 kr 194.33 −45% vs NPWR
AMETEK, Inc AME $250.28 $125.77 −50% vs NPWR
Eaton Corporation ETN $368.99 $174.39 −53% vs NPWR
Emerson Electric Co EMR $163.11 $62.85 −61% vs NPWR
Rockwell Automation, Inc ROK $438.51 $140.20 −68% vs NPWR
GE Vernova Inc GEV $827.42 $142.61 −83% vs NPWR

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NET Power Inc. · Fair Value
$0.1445 −84%Fair Value
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Cite: Fair Value Calculator (2026). "NET Power Inc. Fair Value". https://www.fairvalue-calculator.com/stock/NPWR

Frequently asked questions

Is NET Power Inc. (NPWR) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of $0.1445 versus a price of $0.9100, about −84% upside (overvalued).
What is the fair value of NPWR?
Our model-based fair value for NET Power Inc. is $0.1445 (as of Oct 4, 2026), built from audited fundamentals. The current price: $0.9100.
What is the quality score of NPWR?
NET Power Inc. has a Quality Score of 15/100. 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 NET Power Inc. (NPWR)?
Our model-based price target is the fair value of $0.1445 (as of Oct 4, 2026) from 1 valuation models. Cautious scenario $0.1105, optimistic scenario $0.2125. It is a calculation from audited fundamentals, not an analyst target.
What is the NET Power Inc. stock forecast for 2026?
Our models put fair value at $0.1445, about −84% upside versus a price of $0.9100 (overvalued). Cautious scenario $0.1105, optimistic scenario $0.2125. The calculation is refreshed regularly with new filings.
What is the intrinsic value of NET Power Inc. (NPWR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NET Power Inc. it is $0.1445 per share (as of Oct 4, 2026), against a price of $0.9100. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is NET Power Inc. stock overvalued or undervalued in 2026?
As of Oct 4, 2026, NPWR trades above its calculated fair value: price $0.9100, fair value $0.1445, a gap of about −84% (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 NPWR?
No. The price is what the market pays today ($0.9100); the fair value is what the company's own numbers justify ($0.1445). For NET Power Inc. the two are $0.7655 per share apart. That gap is exactly why we show both numbers side by side.
How much is NET Power Inc. worth?
The market values NET Power Inc. at about $80.5M (market capitalisation, as of Oct 4, 2026). Per share that is $0.9100; our models calculate a fair value of $0.1445 per share.
What do the bullish and bearish scenarios say about NPWR?
Our models span a range for NET Power Inc.: cautious scenario $0.1105, base $0.1445, optimistic $0.2125 per share (as of Oct 4, 2026, price $0.9100). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of NET Power Inc. (NPWR)?
Balance-sheet figures for NET Power Inc. (as of Oct 4, 2026): return on equity −142.0%. They feed the Quality Score of 15/100, which measures business quality independently of the share price.
How far is NPWR from its 52-week high?
NET Power Inc. trades at $0.9100, about 78% below its 52-week high of $4.14 and at the low of $0.9100 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.1445 is for.
Which stocks are comparable to NET Power Inc.?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin 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 NET Power Inc. stock attractive at the current price?
The data as of Oct 4, 2026: price $0.9100, calculated fair value $0.1445 (−84%), Quality Score 15/100, from 1 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 NPWR calculated?
We run NET Power Inc. through 1 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 $0.1445, 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 12.3 % above its aggregate fair value. NET Power 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 NET Power Inc. (NPWR)?
The closing price on Oct 23, 2026 was $0.9100. Our model-based fair value is $0.1445, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NET Power Inc. right now?
The price sits above even our optimistic bull case ($0.2125). The favourable scenario is already priced in. Weak quality (15/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.1105 to $0.2125) leaves room in how you read the outcome.

Key figures of NET Power Inc.

How large is the market capitalisation of NET Power Inc. (NPWR)?
The market capitalisation of NET Power Inc. is $80.5M. 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 are the earnings per share of NET Power Inc. (NPWR)?
Earnings per share at NET Power Inc. are $−6.47. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of NET Power Inc. (NPWR)?
The return on equity (ROE) of NET Power Inc. is −142% (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 NET Power Inc. (NPWR)?
On an EBIT basis the return on assets of NET Power Inc. is −27.7% (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.
How fast is revenue growing at NET Power Inc. (NPWR)?
Revenue at NET Power Inc. is growing +90.4% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does NET Power Inc. (NPWR) generate?
The free cash flow of NET Power Inc. is −$154M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does NET Power Inc. (NPWR) hold?
NET Power Inc. holds more cash than debt, $196M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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