Kodiak Gas Services Inc (KGS) is overvalued and NOV Inc (NOV) is overvalued.
Both trade above our estimate of their intrinsic value. KGS is the closer of the two: -27%, against -83% for NOV.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $43.16; the price of $54.69 is 27% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $11.05; the price of $20.18 is 83% above that value, and 77% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
| Metric | KGS | NOV |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $54.69 | $20.18 |
| Intrinsic value | $43.16 | $11.05 |
| Margin of safety | -27% | -83% |
| Leak Score | 0/100 (2/12) | 0/100 (3/12) |
| Market cap | $5.5B | $7.2B |
| Revenue growth, 5 years | 19.7% | 7.6% |
| Operating margin | 32.6% | 6.9% |
| Net margin | 5.6% | 1.1% |
| Return on equity | 4.6% | 1.5% |
| Debt to equity | 1.31 | 0.37 |
| P/E | 65.3x | 77.5x |
| Forward P/E | 18.0x | 15.9x |
| P/B | 2.5x | 1.2x |
| Dividend yield | 3.6% | 2.2% |