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Mammoth Energy Services Inc (TUSK) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Mammoth Energy Services Inc $2.09, price $2.92, upside -28.4%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · US · ISIN US56155L1089

ME Mammoth Energy Services Inc logo Thin data Sep 23, 2026

Mammoth Energy Services Inc

TUSK · US

Weak valuationQuality is weak on top of the rich price.

!Fair value $2.09 · Overvalued (−28%)
!Quality 39/100
!Weak Growth (revenue 5y −32.4 %/yr)
✓Solidly profitable · 18.9% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (4/10)
!Narrow moat 23/100
!Evidence only low, so the estimate is less certain

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Price vs Fair Value

$8.65 $1.45 Fair Value $2.09 Jun 2021 Sep 2026

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 $1.45 – $8.65 · fair‑value band $1.38 – $2.61 · the $2.92 price screens above the $2.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Mammoth Energy Services, Inc. operates as an energy services company in the United States, Canada, and internationally. It operates in four segments: Well Completion Services, Infrastructure Services, and Natural Sand Proppant Services. The company offers hydraulic fracturing, sand hauling, water transfer, master services agreements.

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Mammoth Energy Services, Inc. operates as an energy services company in the United States, Canada, and internationally. It operates in four segments: Well Completion Services, Infrastructure Services, and Natural Sand Proppant Services. The company offers hydraulic fracturing, sand hauling, water transfer, master services agreements. It also provides services on electric transmission and distribution, networks and substation facilities, such as engineering, design, construction, upgrade, maintenance, and repair of high voltage transmission line, substation and lower voltage overhead, and underground distribution systems; installs, maintains, and repair of commercial wiring; and storm repair and restoration services. In addition, the company mines, processes, and sells natural sand proppant; buys processed sand from suppliers on the spot market for resale; and provides logistics solutions to facilitate delivery of frac sand products. Further, it provides directional drilling services for drilling and production of oil and natural gas from unconventional resource play; leasing helicopters, and helicopter training and response services; equipment rentals consist of cranes, light plants, generators, and other oilfield related equipment; remote accommodation; coil tubing, pressure control, flowback, crude oil hauling, cementing, and acidizing services; production testing, solids control, hydrostatic testing, and torque services; contract drilling; rig moving; coil tubing; pressure control services, including nitrogen and fluid pumping services; and full service transportation. It serves government-funded, private, public investor-owned, and co-operative utilities; independent oil and natural gas producers; and land-based drilling contractors. The company was formerly known as Mammoth Energy Partners LP and changed its name to Mammoth Energy Services, Inc. in October 2016. Mammoth Energy Services, Inc. was founded in 2014 and is headquartered in Oklahoma City, Oklahoma.

Stock analysis

Mammoth Energy Services Inc (TUSK) currently trades at $2.92, while our model-based Fair Value estimate is $2.09, implying the stock looks roughly 39.7% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: $1.38 (bear) to $2.61 (bull), the price of $2.92 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 39/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Mammoth Energy Services Inc reported revenue of $44.3M in FY2025 versus $229M in FY2021, a compound −33.7%/yr. Reported net income was −$63.8M in FY2025.

Key figures

Market cap $141M · P/S ratio 2.68 · EPS (TTM) $−1.17 · Net margin −144% · Return on equity −22.1% · Return on assets (EBIT) −13.3% · Operating margin −7.0% · Revenue (TTM) $54.7M.

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 24% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at −28%, TUSK screens richer than that median.

Fair Value models

Bear $1.38 Fair Value $2.09 Bull $2.61
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.
Highest evidence
NCAV (Graham) $2.68 $3.59 $5.36 54
All 1 models by family
Asset-Based
NCAV (Graham) $2.68 $3.59 $5.36 54

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Quality Score breakdown

Overall quality 39/100

Of which business quality 37 · Market factors (momentum, volatility) 51

Profitability 0
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 76
Share count: buybacks or dilution?

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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. 13/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−76.4%
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.
−50.4%
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.
−32.4%
Start year 2020 (pandemic). Over 10 years: −18.9% a year
Revenue growth 13 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.
−2.0%
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.
−26.0% (2020) → −63.5% (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

TUSK screens 40% overvalued. Compare with 3M Company →

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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.Conglomerates · 378 stocks

Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −28% · Below median
Profitability
Return on assets −4% · Bottom 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) −7% · Bottom 25%
Growth and dividend
Revenue growth 89% · Top 25%
Balance sheet
Debt / equity 0.17× · Below median

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/B 0.55× · Cheaper than median
P/S (TTM) 2.58× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 33
FUTURE (revenue growth)100 · sector 16
PAST (return on equity)0 · sector 19
HEALTH (low debt)92 · sector 89
DIVIDEND (yield)0 · sector 41

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

Context: sector, industry, market

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 Conglomerates stocks, each showing price versus our Fair Value estimate.

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3M Company MMM $170.30 $71.86 −58%
Honeywell International Inc HON $212.57 $243.57 +15%
CITIC Limited 0267 HK$13.08 HK$26.16 +100%
Poste Italiane S.p.A PST €25.71 €9.10 −65%
Swire Pacific Limited 0019 HK$102.80 HK$28.34 −72%
CK Hutchison Holdings 0001 HK$67.60 HK$135.20 +100%
SK Inc 034730 611,000 KRW 351,594 KRW −42%
Jardine Matheson Holdings J36 $57.30 $79.11 +38%
Kingboard Holdings 0148 HK$55.55 HK$85.25 +53%
SGH Limited SGH A$36.69 A$42.47 +16%

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Cite: Fair Value Calculator (2026). "Mammoth Energy Services Inc Fair Value". https://www.fairvalue-calculator.com/stock/TUSK

Frequently asked questions

Is Mammoth Energy Services Inc (TUSK) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $2.09 versus a price of $2.92, about −28% upside (overvalued).
What is the fair value of TUSK?
Our model-based fair value for Mammoth Energy Services Inc is $2.09 (as of Sep 23, 2026), built from audited fundamentals. The current price: $2.92.
What is the quality score of TUSK?
Mammoth Energy Services Inc has a Quality Score of 39/100. 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 Mammoth Energy Services Inc (TUSK)?
Our model-based price target is the fair value of $2.09 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario $1.38, optimistic scenario $2.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Mammoth Energy Services Inc stock forecast for 2026?
Our models put fair value at $2.09, about −28% upside versus a price of $2.92 (overvalued). Cautious scenario $1.38, optimistic scenario $2.61. The calculation is refreshed regularly with new filings.
What is the revenue of Mammoth Energy Services Inc (TUSK)?
Mammoth Energy Services Inc reported trailing-twelve-month revenue of about $54.7M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Mammoth Energy Services Inc (TUSK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mammoth Energy Services Inc it is $2.09 per share (as of Sep 23, 2026), against a price of $2.92. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Mammoth Energy Services Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, TUSK trades above its calculated fair value: price $2.92, fair value $2.09, a gap of about −28% (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 TUSK?
No. The price is what the market pays today ($2.92); the fair value is what the company's own numbers justify ($2.09). For Mammoth Energy Services Inc the two are $0.8300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mammoth Energy Services Inc worth?
The market values Mammoth Energy Services Inc at about $141M (market capitalisation, as of Sep 23, 2026). Per share that is $2.92; our models calculate a fair value of $2.09 per share.
What do the bullish and bearish scenarios say about TUSK?
Our models span a range for Mammoth Energy Services Inc: cautious scenario $1.38, base $2.09, optimistic $2.61 per share (as of Sep 23, 2026, price $2.92). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mammoth Energy Services Inc (TUSK)?
Balance-sheet figures for Mammoth Energy Services Inc (as of Sep 23, 2026): return on equity −22.1%, debt of 0.17 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is TUSK from its 52-week high?
Mammoth Energy Services Inc trades at $2.92, about 24% below its 52-week high of $3.84 and 69% above the low of $1.73 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $2.09 is for.
Which stocks are comparable to Mammoth Energy Services Inc?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 Mammoth Energy Services Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $2.92, calculated fair value $2.09 (−28%), Quality Score 39/100, from 1 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 TUSK calculated?
We run Mammoth Energy Services Inc through 1 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 $2.09, 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 13.0 % above its aggregate fair value. Mammoth Energy Services Inc 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 Mammoth Energy Services Inc (TUSK)?
The closing price on Sep 23, 2026 was $2.92. Our model-based fair value is $2.09, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mammoth Energy Services Inc right now?
The price sits above even our optimistic bull case ($2.61). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($1.38 to $2.61) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Mammoth Energy Services Inc

How large is the market capitalisation of Mammoth Energy Services Inc (TUSK)?
The market capitalisation of Mammoth Energy Services Inc is $141M. 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 Mammoth Energy Services Inc (TUSK)?
The price-to-sales ratio of Mammoth Energy Services Inc is 2.68 (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 Mammoth Energy Services Inc (TUSK)?
Earnings per share at Mammoth Energy Services Inc are $−1.17. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mammoth Energy Services Inc (TUSK)?
The net margin of Mammoth Energy Services Inc is −144% (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 Mammoth Energy Services Inc (TUSK)?
The return on equity (ROE) of Mammoth Energy Services Inc is −22.1% (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 Mammoth Energy Services Inc (TUSK)?
On an EBIT basis the return on assets of Mammoth Energy Services Inc is −13.3% (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 Mammoth Energy Services Inc (TUSK)?
The operating margin of Mammoth Energy Services Inc is −7.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mammoth Energy Services Inc (TUSK)?
Revenue at Mammoth Energy Services Inc is growing +89.4% versus a year earlier (3y avg −50.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Mammoth Energy Services Inc (TUSK) generate?
The free cash flow of Mammoth Energy Services Inc is −$89.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Mammoth Energy Services Inc (TUSK) hold?
Mammoth Energy Services Inc holds more cash than debt, $98.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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