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Data-driven stock valuation

Nuscale Power Corp (SMR) fair value: what the stock is really worth

We calculate from audited financials what Nuscale Power Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Industrials · US · Market cap $2.9B · ISIN US67079K1007

At a glance

NP Nuscale Power Corp logo Nuscale Power Corp SMR · US
Price$10.81
Fair Value$6.99
Upside−35.4%
Quality22/100

Below-average quality, and trading another 55% above our fair value of $6.99.

As of Sep 5, 2026, the fair value of Nuscale Power Corp is $6.99 per share against a price of $10.81, so the fair value sits 35% below the price. A model estimate from reported figures, not an analyst target.

!Expensive Growth (revenue 5y +120.8 %/yr)
!Thin margins · 0.0% net margin
!negative free cash flow
!Trails peers (2/8)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range $4.11 to $9.17

Fair value as of: Sep 5, 2026

From 3 valuation models · updated 5 days ago

Share price +17.8% over the past month.

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What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case ($9.17). The favourable scenario is already priced in.
  • Weak quality (22/100) 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 ($4.11 to $9.17) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$53.43 $1.92 Fair Value $6.99 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range $1.92 – $53.43 · fair‑value band $4.11 – $9.17 · the $10.81 price screens above the $6.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Nuscale Power Corp (SMR) currently trades at $10.81, while our model-based Fair Value estimate is $6.99, implying the stock looks roughly 54.7% overvalued today. The Quality Score stands at 22/100 (below-average quality), in the Industrials sector. Bull case: the Dividend Discount group reads highest at a median of $10.25 per share, and 1 of the 3 models we run sit above the $10.81 price. Bear case: the Asset-Based group reads lowest at $2.26, and 2 of the 3 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at $18.7M. It earns a return on equity of −83.1%. The balance sheet holds a net cash position of $836M. Fundamentals as of Sep 5, 2026

Scenario range: $4.11 (bear) to $9.17 (bull), the price of $10.81 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −35%, SMR screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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. Evidence
Highest evidence
DDM Multi-Stage $5.96 $10.25 $12.53 65
Gordon GGM $5.96 $11.87 $17.97 64
NCAV (Graham) $1.69 $2.26 $3.38 51
All 3 models by family
Dividend Discount
Gordon GGM $5.96 $11.87 $17.97 64
DDM Multi-Stage $5.96 $10.25 $12.53 65
Asset-Based
NCAV (Graham) $1.69 $2.26 $3.38 51

Widest divergence: Dividend Discount ($10.25) versus Asset-Based ($2.26). Highest evidence: DDM Multi-Stage (65).

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Key figures & financial health

EPS (TTM) $−2.14
Dividend yield 4.9%
Return on equity −83.1% TTM
Return on assets (EBIT) −81.3% avg 5y
Operating margin −10,181% TTM
Revenue (TTM) $18.7M TTM
More key figures
Growth
Revenue growth (YoY) −95.8% 3y avg +38.7%
Balance sheet & cash flow
Free cash flow −$460M FY2025
Net cash $836M FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 30 · Market factors (momentum, volatility) 13

Profitability 0
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

NuScale Power Corporation provides small modular reactor technology solutions. It offers NuScale Power Module (NPM), a light water nuclear reactor that can generate 77 megawatts of electricity (MWe).

Full company description

NuScale Power Corporation provides small modular reactor technology solutions. It offers NuScale Power Module (NPM), a light water nuclear reactor that can generate 77 megawatts of electricity (MWe). The company also provides design and nuclear regulatory licensing basis information to construct and operate the power plant; and licensing, design, development, construction, operation, and maintenance of the power plant. In addition, it offers regulatory licensing support services; start-up testing and commissioning support; accredited training programs to support initial and ongoing power plant operations; management of all aspects of the U.S. Nuclear Regulatory Commission required inspections, tests, analysis, and acceptance criteria process; NuScale Power Module mechanical handling; initial and ongoing fuel bundle loading and movement; design engineering management during commercial operation; operations and maintenance program management; procurement and spare parts management; nuclear fuel management, including reload analysis; and outage planning and execution support services. The company has a strategic partnership with Ebara Elliott Energy for the development, demonstration, and testing of industrial scale compressors using power modules. NuScale Power Corporation was founded in 2007 and is headquartered in Corvallis, Oregon.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nuscale Power Corp reported revenue of $31.5M in FY2025 versus $2.9M in FY2021, a compound +82.1%/yr. Reported net income was −$356M in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$31.5M
Latest YoY
−15.0%
Avg. revenue growth/yr (3Y) 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.
+38.7%
Avg. revenue growth/yr (5Y) 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.
+120.8%
Avg. revenue growth/yr (6Y) 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.
+109.4%
EBIT 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.
−26,473.8% (2020) → −2,190.6% (2025)
Value creation/yr 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
Revenue +82.1%/yr
FY21 $2.9M
FY22 $11.8M
FY23 $22.8M
FY24 $37.0M
FY25 $31.5M
Net income
FY21 −$102M
FY22 −$57.1M
FY23 −$58.4M
FY24 −$137M
FY25 −$356M

SMR screens 55% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Nuscale Power Corp Fair Value". https://www.fairvalue-calculator.com/stock/SMR

Earlier news

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

Peer Group

Specialty Industrial Machinery · 803 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.

Valuation
Quality Score 22 · Bottom 25%
Fair Value upside −28% · Above median
Profitability
Return on assets −14% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Growth and dividend
Revenue growth −96% · Bottom 25%
Dividend yield (TTM) 4.9% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/B 2.48× · Pricier than median

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 21
PAST0 · sector 28
HEALTH0 · sector 96
DIVIDEND97 · sector 27

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

Insider activity: 40/100

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 (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc GEV $941.84 $131.95 −86%
SIE SIE €272.65 €139.77 −49%
Eaton Corporation ETN $410.85 $168.65 −59%
Parker-Hannifin Corporation PH $962.59 $398.69 −59%
Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $270.12 $145.84 −46%
Emerson Electric Co EMR $152.82 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Nuscale Power Corp (SMR) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of $6.99 versus a price of $10.81, about −35% upside (overvalued).
What is the fair value of SMR?
Our model-based fair value for Nuscale Power Corp is $6.99 (as of Sep 5, 2026), built from audited fundamentals. The current price: $10.81.
What is the quality score of SMR?
Nuscale Power Corp has a Quality Score of 22/100. 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 Nuscale Power Corp (SMR)?
Our model-based price target is the fair value of $6.99 (as of Sep 5, 2026) from 3 valuation models. Cautious scenario $4.11, optimistic scenario $9.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Nuscale Power Corp stock forecast for 2026?
Our models put fair value at $6.99, about −35% upside versus a price of $10.81 (overvalued). Cautious scenario $4.11, optimistic scenario $9.17. The calculation is refreshed regularly with new filings.
What is the revenue of Nuscale Power Corp (SMR)?
Nuscale Power Corp reported trailing-twelve-month revenue of about $18.7M (latest available figure, as of Sep 5, 2026).
What is the net profit margin of SMR?
The net profit margin of Nuscale Power Corp is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Nuscale Power Corp pay a dividend?
Nuscale Power Corp currently shows a dividend yield of about 4.86% relative to its recent price (as of Sep 5, 2026).
What is the intrinsic value of Nuscale Power Corp (SMR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nuscale Power Corp it is $6.99 per share (as of Sep 5, 2026), against a price of $10.81. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Nuscale Power Corp stock overvalued or undervalued in 2026?
As of Sep 5, 2026, SMR trades above its calculated fair value: price $10.81, fair value $6.99, a gap of about −35% (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 SMR?
No. The price is what the market pays today ($10.81); the fair value is what the company's own numbers justify ($6.99). For Nuscale Power Corp the two are $3.82 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nuscale Power Corp worth?
The market values Nuscale Power Corp at about $2.9B (market capitalisation, as of Sep 5, 2026). Per share that is $10.81; our models calculate a fair value of $6.99 per share.
What do the bullish and bearish scenarios say about SMR?
Our models span a range for Nuscale Power Corp: cautious scenario $4.11, base $6.99, optimistic $9.17 per share (as of Sep 5, 2026, price $10.81). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nuscale Power Corp (SMR)?
Balance-sheet figures for Nuscale Power Corp (as of Sep 5, 2026): return on equity −83.1%. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
Which stocks are comparable to Nuscale Power Corp?
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 Nuscale Power Corp stock attractive at the current price?
The data as of Sep 5, 2026: price $10.81, calculated fair value $6.99 (−35%), Quality Score 22/100, from 3 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 SMR calculated?
We run Nuscale Power Corp through 3 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 $6.99, with the spread shown as a cautious and an optimistic scenario.
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