Target Hospitality Corp (TH) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Target Hospitality Corp $2.01, price $21.20, upside -90.5%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value $2.01 · Strongly overvalued (−91%)
!Quality 38/100
!Weak Growth(revenue 5y +7.3 %/yr)
!Loss-making · -13.5% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers(1/13)
!Narrow moat16/100
!Evidence only low, so the estimate is less certain
Watch Target Hospitality Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee 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 $2.88 – $21.28 · fair‑value band $1.55 – $2.01 · the $21.20 price screens above the $2.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow Target Hospitality in your weekly email
Every Wednesday you see whether Target Hospitality is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. It operates through Hospitality & Facilities Services " South, Workforce Hospitality Solutions, and Government segments. The company owns a network of specialty rental accommodation units.
Show more
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. It operates through Hospitality & Facilities Services " South, Workforce Hospitality Solutions, and Government segments. The company owns a network of specialty rental accommodation units. It also provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services. In addition, the company offers construction services. It serves the U.S. government contractors and investment grade natural resource development companies. Target Hospitality Corp. was founded in 1978 and is headquartered in The Woodlands, Texas.
Stock analysis
Target Hospitality Corp (TH) currently trades at $21.20, while our model-based Fair Value estimate is $2.01, implying the stock looks roughly 954.9% overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $3.73 per share, and 0 of the 6 models we run sit above the $21.20 price.
Bear case: the Growth DCF group reads lowest at $0.6000, and 6 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: $1.55 (bear) to $2.01 (bull), the price of $21.20 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 38/100 (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.
Target Hospitality Corp reported revenue of $321M in FY2025 versus $291M in FY2021, a compound +2.4%/yr. Reported net income was −$37.1M in FY2025.
Key figures
Market cap $2.1B · P/S ratio 6.32 · EPS (TTM) $−0.4300 · Net margin −11.6% · Return on equity −11.0% · Return on assets (EBIT) 14.8% · Operating margin −19.7% · Revenue (TTM) $324M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 241% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 0% fair-value upside, at −91%, TH screens richer than that median.
Fair Value models
Bear $1.55Fair Value $2.01Bull $2.01
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.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.
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.34/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−17.0%
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.
−13.9%
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.
+7.3%
Start year 2020 (pandemic)
Revenue growth 9 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.
+8.9%
’16
’17
’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.
1.8% (2020) → −8.8% (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
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+73.8%
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.
+47.3%
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 +69.8% a year for the price and +43.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Target Hospitality Corp with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 Business Services · 248 stocks
Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−91% · Bottom 25%
Profitability
Return on assets−5% · Bottom 25%
Net margin (TTM)−13% · Bottom 25%
Operating margin (TTM)−20% · Bottom 25%
Growth and dividend
Revenue growth4% · Below median
Balance sheet
Debt / equity0.46× · Above median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/B5.42× · Priciest 25%
P/S (TTM)6.52× · Priciest 25%
P/FCF299.1× · Priciest 25%
EV/EBITDA73.0× · Priciest 25%
PEG1.34× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)21· sector 27
PAST (return on equity)0· sector 36
HEALTH (low debt)77· sector 90
DIVIDEND (yield)0· sector 53
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Target Hospitality Corp (TH) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $2.01 versus a price of $21.20, about −91% upside (overvalued).
What is the fair value of TH?
Our model-based fair value for Target Hospitality Corp is $2.01 (as of Sep 23, 2026), built from audited fundamentals. The current price: $21.20.
What is the quality score of TH?
Target Hospitality Corp has a Quality Score of 38/100. 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 Target Hospitality Corp (TH)?
Our model-based price target is the fair value of $2.01 (as of Sep 23, 2026) from 9 valuation models. Cautious scenario $1.55, optimistic scenario $2.01. It is a calculation from audited fundamentals, not an analyst target.
What is the Target Hospitality Corp stock forecast for 2026?
Our models put fair value at $2.01, about −91% upside versus a price of $21.20 (overvalued). Cautious scenario $1.55, optimistic scenario $2.01. The calculation is refreshed regularly with new filings.
What is the revenue of Target Hospitality Corp (TH)?
Target Hospitality Corp reported trailing-twelve-month revenue of about $324M (latest available figure, as of Sep 23, 2026).
What growth is priced into Target Hospitality Corp (TH)?
For today's price to be fair in a discounted-cash-flow model, Target Hospitality Corp would have to grow free cash flow by +73.8 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of TH use?
Our models discount Target Hospitality Corp at 10.9 %: a base by market capitalisation (mid), damped by beta 1.49, 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 Target Hospitality Corp that is +73.8 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Target Hospitality Corp (TH) delivered so far?
Over the past 5 years revenue at Target Hospitality Corp grew +7.3 % a year. The price currently implies +73.8 % 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 Target Hospitality Corp (TH) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Target Hospitality Corp (+73.8 % 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 Target Hospitality Corp (TH)?
The free-cash-flow yield on the price is 0.33 %: that much free cash flow Target Hospitality Corp produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Target Hospitality Corp (TH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Target Hospitality Corp it is $2.01 per share (as of Sep 23, 2026), against a price of $21.20. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Target Hospitality Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, TH trades above its calculated fair value: price $21.20, fair value $2.01, a gap of about −91% (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 TH?
No. The price is what the market pays today ($21.20); the fair value is what the company's own numbers justify ($2.01). For Target Hospitality Corp the two are $19.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Target Hospitality Corp worth?
The market values Target Hospitality Corp at about $2.1B (market capitalisation, as of Sep 23, 2026). Per share that is $21.20; our models calculate a fair value of $2.01 per share.
What do the bullish and bearish scenarios say about TH?
Our models span a range for Target Hospitality Corp: cautious scenario $1.55, base $2.01, optimistic $2.01 per share (as of Sep 23, 2026, price $21.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of TH?
The PEG ratio of Target Hospitality Corp is 1.34 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Target Hospitality Corp (TH)?
Balance-sheet figures for Target Hospitality Corp (as of Sep 23, 2026): return on equity −11.0%, debt of 0.46 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is TH from its 52-week high?
Target Hospitality Corp trades at $21.20, at its 52-week high of $21.28 and 241% above the low of $6.22 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $2.01 is for.
Which stocks are comparable to Target Hospitality Corp?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments 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 Target Hospitality Corp stock attractive at the current price?
The data as of Sep 23, 2026: price $21.20, calculated fair value $2.01 (−91%), Quality Score 38/100, from 9 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 TH calculated?
We run Target Hospitality Corp through 9 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 $2.01, 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 14.1 % above its aggregate fair value. Target Hospitality Corp 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 Target Hospitality Corp (TH)?
The closing price on Sep 23, 2026 was $21.20. Our model-based fair value is $2.01, about −91% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Target Hospitality Corp right now?
The price sits above even our optimistic bull case ($2.01). The favourable scenario is already priced in. Weak quality (38/100) 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.
Key figures of Target Hospitality Corp
How large is the market capitalisation of Target Hospitality Corp (TH)?
The market capitalisation of Target Hospitality Corp is $2.1B. 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 Target Hospitality Corp (TH)?
The price-to-sales ratio of Target Hospitality Corp is 6.32 (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 Target Hospitality Corp (TH)?
Earnings per share at Target Hospitality Corp are $−0.4300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Target Hospitality Corp (TH)?
The net margin of Target Hospitality Corp is −11.6% (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 Target Hospitality Corp (TH)?
The return on equity (ROE) of Target Hospitality Corp is −11.0% (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 Target Hospitality Corp (TH)?
On an EBIT basis the return on assets of Target Hospitality Corp is 14.8% (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 Target Hospitality Corp (TH)?
The operating margin of Target Hospitality Corp is −19.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Target Hospitality Corp (TH)?
Revenue at Target Hospitality Corp is growing +4.1% versus a year earlier (3y avg −13.9%). 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 Target Hospitality Corp (TH)?
Earnings per share at Target Hospitality Corp are growing −59.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Target Hospitality Corp (TH) carry?
The net debt of Target Hospitality Corp is $2.3M (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Target Hospitality Corp in the live analysis
One click puts Target Hospitality Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Thin data
Sep 23, 2026