EQT Corp (EQT) is undervalued and Occidental Petroleum Corp (OXY) is undervalued.
Against our estimates of intrinsic value, OXY trades at the wider discount: a margin of safety of +27%, against +23% for EQT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $66.38; the price of $50.81 is 23% below that value, and 78% of that value comes from beyond year five.
Leak Score 76/100 on 10 of 12 signals
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $77.34; the price of $56.31 is 27% below that value, and 79% of that value comes from beyond year five.
Leak Score 68/100 on 9 of 12 signals
| Metric | EQT | OXY |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $50.81 | $56.31 |
| Intrinsic value | $66.38 | $77.34 |
| Margin of safety | +23% | +27% |
| Leak Score | 76/100 (10/12) | 68/100 (9/12) |
| Market cap | $31.8B | $56.3B |
| Revenue growth, 5 years | 25.7% | 4.7% |
| Operating margin | 42.4% | 23.1% |
| Net margin | 28.6% | 14.0% |
| Return on equity | 11.6% | 10.9% |
| Debt to equity | 0.22 | 0.35 |
| P/E | 11.8x | 16.7x |
| Forward P/E | 13.2x | 14.0x |
| P/B | 1.3x | 1.7x |
| Dividend yield | 1.3% | 1.8% |