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Par Pacific Holdings (PARR) Fair Value & Analysis

Energy · US · Market cap $3.3B

PP Par Pacific Holdings logo Par Pacific Holdings PARR · US
Price$66.29
Fair Value$36.10
Upside-45.6%
Quality63/100
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Mixed Growth
Thin margins · 6.0% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 54/100
Evidence: High Range $25.66 – $111.91 Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 28 days ago

Fair value updated Jul 12, 2026, revised from $103.13 to $36.10 (−65.0%) since Jun 25, 2026. Share price −3.3% over the past month.

A solid business, but screening 46% overvalued on our models.

What matters now

  • The model range is unusually wide ($25.66 to $111.91). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$86.03 $11.82 Fair Value $36.10 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range $11.82 – $86.03 · fair‑value band $25.66 – $111.91 · the $66.29 price screens above the $36.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Par Pacific Holdings (PARR) currently trades at $66.29, while our model-based Fair Value estimate is $36.10, implying the stock looks roughly 45.6% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Par Pacific Holdings generated revenue of $7.5B at a net margin of 6.0%. Revenue grew 4.5% year over year. It earns a return on equity of 33.3%. Net debt stands at $1.2B. Fundamentals as of Jul 12, 2026

Our scenario range runs from $25.66 (bear case) to $111.91 (bull case); at $66.29, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 6% below its 52-week high and 216% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -48% fair-value upside, at -46%, PARR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $75.67 $155.45 $283.98 80
Residual Income $48.26 $65.10 $355.01 76
Rev-Margin DCF $102.90 $202.27 $409.56 74
All 24 models by family
DCF Models
FCF DCF $81.40 $132.14 $290.36 38
Owner Earnings $95.40 $226.79 $492.49 31
5Y Revenue Exit $91.59 $175.37 $351.35 39
5Y EBITDA Exit $59.50 $110.51 $210.36 41
5Y P/E Exit $71.35 $170.79 $305.58 38
10Y Revenue Exit $85.83 $220.18 $310.87 36
10Y EBITDA Exit $67.19 $152.67 $297.77 37
10Y P/E Exit $75.64 $177.60 $343.45 35
Earnings-Based
Graham-Dodd $50.09 $349.34 $490.24 54
Lynch FV $180.48 $257.83 $335.18 50
PEG = 1.0 $180.48 $257.83 $335.18 46
EPV $64.95 $77.20 $87.77 59
Multiples
P/E Multiple $77.35 $103.13 $128.91 63
P/S Multiple $93.92 $125.23 $156.54 58
P/B Multiple $40.69 $54.26 $67.82 55
EV/EBIT $67.94 $94.80 $121.66 53
EV/EBITDA $48.66 $69.09 $89.53 54
EV/Revenue $85.13 $127.03 $168.94 43
Asset-Based
NCAV (Graham) $15.07 $20.20 $30.14 50
Growth DCF
Growth DCF $75.67 $155.45 $283.98 80
Rev-Margin DCF $102.90 $202.27 $409.56 74
Economic Profit
Residual Income $48.26 $65.10 $355.01 76
ROIC Compounder $92.37 $150.35 $185.74 72
Growth Earnings
Growth-Adj P/E $211.52 $302.18 $392.83 68

Widest divergence: Growth Earnings ($302.18) versus Asset-Based ($20.20). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $7.5B
Revenue growth (YoY) +4.5%
Net margin 6.0%
Return on equity 33.3%
Free cash flow $296M FY2025
P/E ratio 7.4
More key figures
Operating margin 3.3%
EPS (TTM) $8.83
EPS growth (YoY) +3,869%
Net debt $1.2B FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 61 · Market factors (momentum, volatility) 72

Profitability 67
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 95
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Par Pacific Holdings, Inc., an energy company, provides renewable and conventional fuels in the United States. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates refineries that convert crude oil into gasoline, distillate, asphalt, and other products.

Full company description

Par Pacific Holdings, Inc., an energy company, provides renewable and conventional fuels in the United States. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates refineries that convert crude oil into gasoline, distillate, asphalt, and other products. The Retail segment operates convenience stores and fuel retail outlets that sell gasoline, diesel, and retail merchandise, such as soft drinks, prepared food, and other sundries under the Hele, 76, and nomnom brands, as well as unattended cardlock stations. The Logistics segment owns and operates terminals, pipelines, trucking operations, marine vessels, storage facilities, loading and truck racks, and rail facilities for the movement of ethanol, petroleum, and refined products; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. The company also holds interest in crude storage tanks and a crude oil pipeline that provides access to crude oil from power river basin; and refined products pipeline. In addition, it owns and operates a single point mooring, a marine terminal, a unit train-capable rail loading terminal, manifest rail siding, a truck rack, and a proprietary jet fuel pipeline that serves Joint Base Lewis McChord. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was incorporated in 1984 and is headquartered in Houston, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Par Pacific Holdings reported revenue of $7.5B in FY2025 versus $4.7B in FY2021, a compound +12.2%/yr. Reported net income was $369M in FY2025.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$7.5B
Latest YoY
−6.4%
Avg. growth/yr (3Y)
+0.6%
Avg. growth/yr (5Y)
+19.0%
Avg. growth/yr (33Y)
+31.9%
Revenue +12.2%/yr
FY21 $4.7B
FY22 $7.3B
FY23 $8.2B
FY24 $8.0B
FY25 $7.5B
Net income
FY21 −$81.3M
FY22 $364M
FY23 $729M
FY24 −$33.3M
FY25 $369M

PARR screens 46% overvalued. Compare with Reliance Industries Limited →

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Cite: Fair Value Calculator (2026). "Par Pacific Holdings Fair Value". https://www.fairvalue-calculator.com/stock/PARR

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Oil & Gas Refining & Marketing · 114 stocks

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.

Quality Score 63 · Top 25%
Fair Value upside −46% · Below median
Return on equity (TTM) 33% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 6% · Top 25%
Operating margin (TTM) 3% · Below median
Revenue growth 5% · Above median
Debt / equity 0.53× · Higher than median

Valuation Multiples vs Oil & Gas Refining & Marketing median · lower = cheaper

P/E (TTM) 7.4× · Cheaper than 75% of peers
P/B 2.18× · Pricier than median
P/S (TTM) 0.44× · Pricier than median
P/FCF 11.1× · Pricier than 75% of peers
EV/EBITDA 5.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 15
FUTURE 23 · sector 15
PAST 100 · sector 32
HEALTH 74 · sector 80
DIVIDEND 0 · sector 50

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

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Reliance Industries Limited RELIANCE ₹1,293 ₹835.66 -35%
Valero Energy Corporation VLO $309.65 $127.32 -59%
Marathon Petroleum Corporation MPC $283.74 $135.80 -52%
Phillips 66 PSX $196.16 $101.04 -48%
Neste Oyj NESTE €31.10 €4.07 -87%
Formosa Petrochemical Corporation 6505 81.30 TWD 16.68 TWD -79%
Indian Oil Corporation IOC ₹138.96 ₹417.35 +200%
HF Sinclair Corporation DINO $88.59 $48.90 -45%
Bharat Petroleum Corporation BPCL ₹315.55 ₹846.81 +168%
SK Innovation Co 096770 121,400 KRW 58,865 KRW -52%

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Frequently asked questions

Is Par Pacific Holdings (PARR) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of $36.10 versus a price of $66.29, about −46% (overvalued).
What is the fair value of PARR?
Our model-based fair value for Par Pacific Holdings is $36.10 (as of Jul 12, 2026), built from audited fundamentals. The current price is $66.29.
What is the quality score of PARR?
Par Pacific Holdings has a Quality Score of 63/100. 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 revenue of Par Pacific Holdings (PARR)?
Par Pacific Holdings reported trailing-twelve-month revenue of about $7.5B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of PARR?
The net profit margin of Par Pacific Holdings is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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