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Harbour Energy plc (PMOIF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Harbour Energy plc $3.59, price $3.58, upside +0.3%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Some data
Sep 23, 2026
Some data
Sep 23, 2026
Harbour Energy plc
PMOIF · USLow PriorityFair Value upside is limited and quality is weak.
·Fair value $3.59 · Fairly valued (+0.3%)
!Quality 31/100
!Mixed Growth (revenue 5y +33.4 %/yr)
!Loss-making · -2.6% net margin (TTM)
✓Moderate debt · generates free cash flow
✓5.9% dividend yield · Cash covered
!Narrow moat 36/100
!Evidence only medium, so the estimate is less certain
!The models disagree: range $2.08 to $7.55
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
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 $1.86 – $26.57 · fair‑value band $2.08 – $7.55 · the $3.58 price screens below the $3.59 fair value. Dashed = 300-day average. As of Sep 23, 2026.
Company profile
Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia.
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Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia. The company also engages in the production and sale of crude oil, natural gas, and condensate, as well as the development and management of carbon capture and storage projects. It is involved in the decommissioning; financing and servicing; distribution, transportation, and trade; gas trading; and risk mitigation activities. The company was formerly known as Chrysaor Holdings Limited and changed its name to Harbour Energy plc in March 2021. The company was incorporated in 2002 and is headquartered in London, the United Kingdom.
Stock analysis
Harbour Energy plc (PMOIF) currently trades at $3.58, while our model-based Fair Value estimate is $3.59, so the stock looks roughly fairly valued today (gap 0.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $29.23 per share, and 13 of the 14 models we run sit above the $3.58 price.
Bear case: the Asset-Based group reads lowest at $1.79, and 1 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: $2.08 (bear) to $7.55 (bull), the price of $3.58 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 31/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Harbour Energy plc reported revenue of $10.2B in FY2025 versus $3.5B in FY2021, a compound +30.9%/yr. Reported net income was −$186M in FY2025.
Key figures
Market cap $6.0B · P/S ratio 0.48 · EPS (TTM) $−0.1600 · Dividend yield 5.9% · Net margin −1.8% · Return on equity −2.9% · Return on assets (EBIT) 10.4% · Operating margin 28.5%.
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 14% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at 0%, PMOIF screens richer than that median.
Fair Value models
Bear $2.08
Fair Value $3.59
Bull $7.55
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. 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.
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.
Highest evidence
FCF DCF
$18.08
$29.23
$64.01
75
Growth DCF
$16.82
$34.35
$62.61
75
EPV
$7.98
$9.65
$11.09
74
All 14 models by family
DCF Models
FCF DCF
$18.08
$29.23
$64.01
75
Owner Earnings
$15.00
$36.40
$79.67
70
5Y Revenue Exit
$7.64
$13.11
$24.38
69
5Y EBITDA Exit
$18.08
$34.22
$65.86
71
10Y Revenue Exit
$10.71
$21.91
$27.59
67
10Y EBITDA Exit
$18.39
$43.88
$88.25
63
Earnings-Based
EPV
$7.98
$9.65
$11.09
74
Multiples
EV/EBIT
$14.85
$20.66
$26.48
66
EV/EBITDA
$17.41
$24.07
$30.74
67
EV/Revenue
$2.88
$5.22
$7.56
52
Asset-Based
NCAV (Graham)
$1.33
$1.79
$2.67
54
Growth DCF
Growth DCF
$16.82
$34.35
$62.61
75
Rev-Margin DCF
$8.23
$15.40
$29.81
69
Economic Profit
ROIC Compounder
$11.75
$20.37
$25.40
71
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Set up alert →Quality Score breakdown
Overall quality
31/100
Of which business quality 35 · Market factors (momentum, volatility) 69
Profitability
14
Margins and returns on capital today
Quality Growth
76
Are margins and returns improving?
Cashflow
71
Earnings quality: real cash, not paper profit
Fin. Strength
30
Balance sheet, leverage, solvency risk
Investment
10
Disciplined investing over empire-building
Low Volatility
50
Calm price path (market factor)
Momentum
77
Price trend over the last 3–12 months (market factor)
52W Momentum
79
Distance to the 52-week high (market factor)
Net Issuance
0
Share count: buybacks or dilution?
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.
59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+65.8%
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.
+23.7%
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.
+33.4%
Start year 2020 (pandemic). Over 10 years: +25.8% a year
Revenue growth 21 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.
+19.0%
’13
’14
’15
’16
’18
’19
’20
’21
’22
’23
’24
’25
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.
−28.5% (2020) → 35.7% (2025)
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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−14.4%
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.
−4.6%
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 −16.4% a year for the price and −6.9% for the forecasts.
Forecast 2026 (sales)+16.5%
Forecast 2027 (sales)−11.9%
Projected 2028 (sales)−10.1%
Projected 2029 (sales)−8.4%
Projected 2030 (sales)−6.7%
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Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Oil & gas
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10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ConocoPhillips explores for, COP | $127.06 | $91.42 | −28% |
| CNOOC Limited 0883 | HK$23.40 | HK$39.91 | +71% |
| Canadian Natural Resources Limited CNQ | $47.55 | $52.31 | +10% |
| EOG Resources, Inc EOG | $137.76 | $165.02 | +20% |
| Occidental Petroleum Corporation OXY | $57.84 | $33.18 | −43% |
| Devon Energy Corporation DVN | $46.73 | $51.40 | +10% |
| Diamondback Energy, Inc FANG | $185.23 | $243.76 | +32% |
| Woodside Energy Group WDS | A$31.48 | A$23.87 | −24% |
| EQT Corporation EQT | $50.09 | $55.10 | +10% |
| Texas Pacific Land Corporation TPL | $336.46 | $317.06 | −6% |
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Frequently asked questions
Is Harbour Energy plc (PMOIF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $3.59 versus a price of $3.58, about +0% upside (fairly valued).
What is the fair value of PMOIF?
Our model-based fair value for Harbour Energy plc is $3.59 (as of Sep 23, 2026), built from audited fundamentals. The current price: $3.58.
What is the quality score of PMOIF?
Harbour Energy plc has a Quality Score of 31/100. 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 Harbour Energy plc (PMOIF)?
Our model-based price target is the fair value of $3.59 (as of Sep 23, 2026) from 14 valuation models. Cautious scenario $2.08, optimistic scenario $7.55. It is a calculation from audited fundamentals, not an analyst target.
What is the Harbour Energy plc stock forecast for 2026?
Our models put fair value at $3.59, about +0% upside versus a price of $3.58 (fairly valued). Cautious scenario $2.08, optimistic scenario $7.55. The calculation is refreshed regularly with new filings.
What is the revenue of Harbour Energy plc (PMOIF)?
Harbour Energy plc reported trailing-twelve-month revenue of about $10.3B (latest available figure, as of Sep 23, 2026).
Does Harbour Energy plc pay a dividend?
Harbour Energy plc currently shows a dividend yield of about 5.92% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Harbour Energy plc (PMOIF)?
For today's price to be fair in a discounted-cash-flow model, Harbour Energy plc would have to grow free cash flow by -14.4 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +33.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of PMOIF use?
Our models discount Harbour Energy plc at 9.7 %: a base by market capitalisation (mid), 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 Harbour Energy plc that is -14.4 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Harbour Energy plc (PMOIF) delivered so far?
Over the past 5 years revenue at Harbour Energy plc grew +33.4 % a year. The price currently implies -14.4 % 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 Harbour Energy plc (PMOIF) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Harbour Energy plc (-14.4 % 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 Harbour Energy plc (PMOIF)?
The free-cash-flow yield on the price is 30.84 %: that much free cash flow Harbour Energy plc produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Harbour Energy plc (PMOIF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Harbour Energy plc it is $3.59 per share (as of Sep 23, 2026), against a price of $3.58. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Harbour Energy plc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, PMOIF trades below its calculated fair value: price $3.58, fair value $3.59, a gap of about +0% (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 PMOIF?
No. The price is what the market pays today ($3.58); the fair value is what the company's own numbers justify ($3.59). For Harbour Energy plc the two are $0.0092 per share apart. That gap is exactly why we show both numbers side by side.
How much is Harbour Energy plc worth?
The market values Harbour Energy plc at about $6.0B (market capitalisation, as of Sep 23, 2026). Per share that is $3.58; our models calculate a fair value of $3.59 per share.
What do the bullish and bearish scenarios say about PMOIF?
Our models span a range for Harbour Energy plc: cautious scenario $2.08, base $3.59, optimistic $7.55 per share (as of Sep 23, 2026, price $3.58). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is PMOIF from its 52-week high?
Harbour Energy plc trades at $3.58, about 14% below its 52-week high of $4.16 and 46% above the low of $2.45 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $3.59 is for.
Which stocks are comparable to Harbour Energy plc?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, 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 Harbour Energy plc stock attractive at the current price?
The data as of Sep 23, 2026: price $3.58, calculated fair value $3.59 (+0%), Quality Score 31/100, from 14 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 PMOIF calculated?
We run Harbour Energy plc through 14 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 $3.59, 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 14.5 % above its aggregate fair value. Harbour Energy plc 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 Harbour Energy plc (PMOIF)?
The closing price on Oct 2, 2026 was $3.58. Our model-based fair value is $3.59, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Harbour Energy plc right now?
The model range is unusually wide ($2.08 to $7.55). 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 Harbour Energy plc
How large is the market capitalisation of Harbour Energy plc (PMOIF)?
The market capitalisation of Harbour Energy plc is $6.0B. 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 Harbour Energy plc (PMOIF)?
The price-to-sales ratio of Harbour Energy plc is 0.48 (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 Harbour Energy plc (PMOIF)?
Earnings per share at Harbour Energy plc are $−0.1600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Harbour Energy plc (PMOIF)?
The dividend yield of Harbour Energy plc is 5.9%. 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 Harbour Energy plc (PMOIF)?
The net margin of Harbour Energy plc is −1.8% (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 Harbour Energy plc (PMOIF)?
The return on equity (ROE) of Harbour Energy plc is −2.9% (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 Harbour Energy plc (PMOIF)?
On an EBIT basis the return on assets of Harbour Energy plc is 10.4% (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 Harbour Energy plc (PMOIF)?
The operating margin of Harbour Energy plc is 28.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Harbour Energy plc (PMOIF)?
Revenue at Harbour Energy plc is growing +15.8% versus a year earlier (3y avg +23.7%). 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 Harbour Energy plc (PMOIF)?
Earnings per share at Harbour Energy plc are growing +897% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Harbour Energy plc (PMOIF) carry?
The net debt of Harbour Energy plc is $7.0B (fiscal year 2025, ≈ 3.8 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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