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Viper Energy, Inc (VNOM) Fair Value & Analysis

Energy · US · Market cap $16.0B

VE Viper Energy, Inc logo Viper Energy, Inc VNOM · US
Price$41.41
Fair Value$50.64
Upside+22.3%
Quality30/100
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Expensive Growth
Loss-making · -2.9% net margin
Low debt · negative free cash flow
5.24% dividend yield
Mixed vs. peers (7/13)
Narrow moat 41/100
Evidence: Low Range $32.42 – $68.86 Share as image

Fair value as of: Jul 19, 2026

From 6 valuation models · updated 19 days ago

Share price −0.5% over the past month.

Below-average quality, screening 22% undervalued on our models.

What matters now

  • A fairly wide model range ($32.42 to $68.86) 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.
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Price vs Fair Value (5 years)

$52.00 $11.85 Fair Value $50.64 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $11.85 – $52.00 · fair‑value band $32.42 – $68.86 · the $41.41 price screens below the $50.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Viper Energy, Inc (VNOM) currently trades at $41.41, while our model-based Fair Value estimate is $50.64, implying the stock looks roughly 22.3% undervalued today. We read business quality at 30/100 (below-average quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Viper Energy, Inc generated revenue of $1.6B at a net margin of -2.9%. Revenue grew 109.1% year over year. It earns a return on equity of -1.8%. Net debt stands at $2.2B. Fundamentals as of Jul 19, 2026

Our scenario range runs from $32.42 (bear case) to $68.86 (bull case); at $41.41, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at 22%, VNOM screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
ROIC Compounder $14.29 $18.53 $22.24 72
EPV $14.29 $18.53 $22.24 59
EV/EBITDA $48.10 $67.85 $87.59 54
All 6 models by family
Earnings-Based
EPV $14.29 $18.53 $22.24 59
Multiples
EV/EBIT $28.91 $42.26 $55.60 53
EV/EBITDA $48.10 $67.85 $87.59 54
EV/Revenue $0.9300 $6.11 $11.28 43
Asset-Based
NCAV (Graham) $11.39 $15.27 $22.79 50
Economic Profit
ROIC Compounder $14.29 $18.53 $22.24 72

Widest divergence: Multiples ($42.26) versus Asset-Based ($15.27). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Revenue (TTM) $1.6B
Revenue growth (YoY) +109%
Net margin -2.9%
Return on equity -1.8%
Free cash flow −$1.4B FY2025
Operating margin 55.9%
More key figures
EPS (TTM) $-0.5700
Dividend yield 5.2%
EPS growth (YoY) -14.5%
Net debt $2.2B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 23 · Market factors (momentum, volatility) 56

Profitability 8
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 50
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.

About the company

Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America. It focuses on owning and acquiring mineral and royalty interests in the Permian Basin. Viper Energy, Inc. was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc. in November 2023. Viper Energy, Inc.

Full company description

Viper Energy, Inc. owns, acquires, and exploits oil and natural gas properties in North America. It focuses on owning and acquiring mineral and royalty interests in the Permian Basin. Viper Energy, Inc. was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc. in November 2023. Viper Energy, Inc. was founded in 2013 and is based in Midland, Texas. Viper Energy, Inc. operates as a subsidiary of Diamondback Energy, Inc.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Viper Energy, Inc reported revenue of $1.3B in FY2025 versus $504M in FY2021, a compound +27.8%/yr. Reported net income was −$68.0M in FY2025.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$1.3B
Latest YoY
+56.6%
Avg. growth/yr (3Y)
+15.8%
Avg. growth/yr (5Y)
+40.1%
Avg. growth/yr (12Y)
+29.6%
Revenue +27.8%/yr
FY21 $504M
FY22 $866M
FY23 $827M
FY24 $860M
FY25 $1.3B
Net income
FY21 $57.9M
FY22 $655M
FY23 $200M
FY24 $359M
FY25 −$68.0M

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Cite: Fair Value Calculator (2026). "Viper Energy, Inc Fair Value". https://www.fairvalue-calculator.com/stock/VNOM

Recent news

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

Peer Group

Oil & Gas Midstream · 86 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.

Quality Score 30 · Bottom 25%
Fair Value upside +4% · Above median
Return on assets 5% · Above median
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) 56% · Top 25%
Revenue growth 109% · Top 25%
Dividend yield (TTM) 5.2% · Above median
Debt / equity 0.49× · Lower than median

Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper

P/B 3.59× · Pricier than 75% of peers
P/S (TTM) 10.13× · Pricier than 75% of peers
EV/EBITDA 12.1× · Pricier than median
PEG 1.50× · Cheaper than median

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.

VALUE 39 · sector 0
FUTURE 100 · sector 42
PAST 0 · sector 41
HEALTH 75 · sector 55
DIVIDEND 100 · sector 99

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $56.46 $47.20 -16%
The Williams Companies, Inc WMB $73.38 $12.03 -84%
Enterprise Products Partners L.P. EPD $38.31 $24.74 -35%
TC Energy Corporation TRP C$97.79 C$42.00 -57%
Kinder Morgan, Inc KMI $32.54 $11.12 -66%
Energy Transfer LP, ET $19.91 $17.69 -11%
ONEOK, Inc OKE $93.52 $64.05 -32%
Targa Resources Corp TRGP $273.35 $79.61 -71%
MPLX LP owns and MPLX $57.17 $37.05 -35%
Cheniere Energy, Inc LNG $255.83 $211.18 -17%

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Frequently asked questions

Is Viper Energy, Inc (VNOM) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $50.64 versus a price of $41.41, about +22% (undervalued).
What is the fair value of VNOM?
Our model-based fair value for Viper Energy, Inc is $50.64 (as of Jul 19, 2026), built from audited fundamentals. The current price is $41.41.
What is the quality score of VNOM?
Viper Energy, Inc has a Quality Score of 30/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Viper Energy, Inc (VNOM)?
Viper Energy, Inc reported trailing-twelve-month revenue of about $1.6B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of VNOM?
The net profit margin of Viper Energy, Inc is about -2.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Viper Energy, Inc pay a dividend?
Viper Energy, Inc currently shows a dividend yield of about 4.98% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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