Santos Limited (STOSF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Santos Limited $3.08, price $5.89, upside -47.7%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Santos Limited
STOSF · USStretched ValuationStrong overvaluation with only moderate quality.
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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 Oct 3, 2026.
How to read this chart
60‑month range $1.22 – $6.53 · fair‑value band $2.15 – $4.00 · the $5.89 price screens above the $3.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 3, 2026.
Company profile
Santos Limited explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Alaska, Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia, Timor-Leste and Western Australia. It also engages in the development of decarbonization technologies.
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Santos Limited explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea. The company's assets are located in the Alaska, Cooper Basin, Queensland and New South Wales, Papua New Guinea, Northern Australia, Timor-Leste and Western Australia. It also engages in the development of decarbonization technologies. In addition, the company produces crude oil, liquefied petroleum gas, ethane, liquefied natural gas, and condensate, as well as natural gas. Santos Limited was incorporated in 1954 and is headquartered in Adelaide, Australia.
Stock analysis
Santos Limited (STOSF) currently trades at $5.89, while our model-based Fair Value estimate is $3.08, 47.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $3.35 per share, and 0 of the 25 models we run sit above the $5.89 price.
Bear case: the Growth DCF group reads lowest at $1.16, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: $2.15 (bear) to $4.00 (bull), the price of $5.89 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 51/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Santos Limited reported revenue of $5.3B in FY2025 versus $4.7B in FY2021, a compound +2.8%/yr. Reported net income was $846M in FY2025, compounding +6.5%/yr from FY2021.
Key figures
Market cap $19.2B · P/E ratio 23.6 · P/S ratio 3.79 · EPS (TTM) $0.2500 · Dividend yield 4.0% · Net margin 16.1% · Return on equity 5.2% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 51% 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 −48%, STOSF screens richer than that median.
Fair Value models
All 25 models by family
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Set up alert →Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 73
Revenue & earnings trend
Growth Forecast
Earlier news
Compare Santos Limited with another stock
Price, fair value, quality and upside side by side.
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.Oil & Gas E&P · 264 stocks
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- 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.
Similar stocks
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
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Key figures of Santos Limited
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