Viper Energy (VNOM)
NASDAQEnergyOil & Gas MidstreamSnapshot 2026-09-04
$44.39-1.11%
Close 2026-09-04 · 1-day change
NASDAQEnergyOil & Gas MidstreamSnapshot 2026-09-04
QuarterlyIQ Insights · VNOM
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $44 VNOM trades at 22× p/e, below its 23× p/e peer median, but our blended $34 fair value sits below the price. We hold it with low confidence: our number sits well below the analyst range and quality doesn't explain valuation multiples in this sub-industry, so the peer comparison is a weak guide. Analysts target $45–$61. Note: our $34 fair value sits below the entire analyst range ($45–$61). The flat-multiple read looks rich, but earnings are inflecting up — trailing growth is accelerating and forward estimates confirm — so we've softened our read rather than brand an accelerating name expensive. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $57.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $4.62 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $5.01 | — | — | Hist. CAGR | high |
| graham number | 12M | $49.11 | — | — | TTM | high |
| Peer P/FCF | 12M |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$45.00 – $61.00 (median $57.00) · 9 analysts · as of 2026-09-03
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Roughly priced in line with peers.
Cheaper than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| $14.38 |
| 14.1 |
| 1.02 |
| TTM |
| high |
| Peer P/E | 12M | $35.36 | 14.4 | 2.45 | ntm analyst | high |
| Peer P/S | 12M | $15.33 | 1.7 | 8.93 | TTM | high |
| PEG | 12M | $16.13 | 8.0 | 2.02 | TTM | high |
| residual income | 12M | $43.12 | — | — | TTM | high |
| Own P/E history | 12M | $51.23 | 25.4 | 2.02 | TTM | high |
| triangulated | 12M | $48.83 | 22.5 | 2.17 | Triangulated | high |
| Peer P/FCF | 3Y | $6.10 | 14.1 | 0.43 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $46.76 | 14.4 | 3.24 | Analyst | medium |
| Peer P/S | 3Y | $25.85 | 1.7 | 15.06 | Analyst | medium |
| PEG | 3Y | $24.12 | 8.0 | 3.02 | Analyst | medium |
| Own P/E history | 3Y | $76.63 | 25.4 | 3.02 | Analyst | medium |
| Peer P/E | 5Y | $61.84 | 14.4 | 4.28 | Analyst | medium |
| Peer P/S | 5Y | $34.19 | 1.7 | 19.91 | Analyst | medium |
| PEG | 5Y | $31.90 | 8.0 | 4.00 | Analyst | medium |
| Own P/E history | 5Y | $101.34 | 25.4 | 4.00 | Analyst | medium |