Kodiak Gas Services, Inc.

NYSE:KGS Stock Report

Market Cap: US$2.7b

Kodiak Gas Services Valuation

Is KGS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KGS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$58.92
Fair Value
46.4% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: KGS ($31.59) is trading below our estimate of fair value ($58.92)

Significantly Below Fair Value: KGS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KGS?

Key metric: As KGS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KGS. This is calculated by dividing KGS's market cap by their current earnings.
What is KGS's PE Ratio?
PE Ratio55.7x
EarningsUS$49.66m
Market CapUS$2.72b

Price to Earnings Ratio vs Peers

How does KGS's PE Ratio compare to its peers?

The above table shows the PE ratio for KGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
USAC USA Compression Partners
36.6x24.61%US$2.8b
WHD Cactus
16.6x9.66%US$3.5b
TDW Tidewater
14.5x19.41%US$2.4b
WFRD Weatherford International
8.7x7.67%US$4.0b
KGS Kodiak Gas Services
55.7x41.57%US$2.7b

Price-To-Earnings vs Peers: KGS is expensive based on its Price-To-Earnings Ratio (55.7x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does KGS's PE Ratio compare vs other companies in the US Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PKDC Parker Drilling
1.3xn/aUS$165.56m
BASX.Q Basic Energy Services
n/an/aUS$24.00
No more companies available in this PE range
KGS 55.7xIndustry Avg. 11.6xNo. of Companies7PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KGS is expensive based on its Price-To-Earnings Ratio (55.7x) compared to the US Energy Services industry average (11.3x).

Price to Earnings Ratio vs Fair Ratio

What is KGS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KGS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio55.7x
Fair PE Ratio22.1x

Price-To-Earnings vs Fair Ratio: KGS is expensive based on its Price-To-Earnings Ratio (55.7x) compared to the estimated Fair Price-To-Earnings Ratio (22.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KGS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$31.59
US$44.00
+39.28%
8.45%US$51.00US$36.00n/a11
Jul ’26US$33.72
US$44.00
+30.49%
8.45%US$51.00US$36.00n/a11
Jun ’26US$35.31
US$44.55
+26.16%
8.14%US$51.00US$36.00n/a11
May ’26US$35.19
US$44.64
+26.84%
8.12%US$51.00US$36.00n/a11
Apr ’26US$37.63
US$46.25
+22.91%
7.80%US$55.00US$41.00n/a12
Mar ’26US$43.00
US$46.75
+8.72%
8.52%US$55.00US$42.00n/a12
Feb ’26US$46.78
US$42.33
-9.51%
14.28%US$52.00US$31.00n/a12
Jan ’26US$40.83
US$39.67
-2.85%
13.51%US$46.00US$31.00n/a12
Dec ’25US$40.44
US$37.75
-6.65%
11.50%US$44.00US$31.00n/a12
Nov ’25US$31.13
US$33.60
+7.93%
4.82%US$36.00US$31.00n/a12
Oct ’25US$29.21
US$32.56
+11.48%
6.53%US$35.20US$29.00n/a11
Sep ’25US$27.75
US$31.78
+14.51%
6.76%US$35.00US$29.00n/a9
Aug ’25US$27.88
US$30.44
+9.20%
5.16%US$33.00US$28.00n/a9
Jul ’25US$27.11
US$30.25
+11.58%
4.60%US$32.00US$28.00US$33.728
Jun ’25US$27.55
US$30.25
+9.80%
4.60%US$32.00US$28.00US$35.318
May ’25US$26.36
US$28.75
+9.07%
3.79%US$31.00US$28.00US$35.198
Apr ’25US$27.72
US$28.00
+1.01%
3.99%US$30.00US$26.00US$37.638
Mar ’25US$26.00
US$25.38
-2.40%
6.81%US$29.00US$23.00US$43.008
Feb ’25US$23.22
US$24.75
+6.59%
7.76%US$29.00US$22.00US$46.788
Jan ’25US$20.08
US$24.38
+21.39%
8.19%US$29.00US$22.00US$40.838
Dec ’24US$17.76
US$24.22
+36.39%
8.87%US$29.00US$21.00US$40.449
Nov ’24US$17.17
US$24.22
+41.07%
8.21%US$29.00US$22.00US$31.139
Oct ’24US$17.88
US$24.33
+36.09%
8.22%US$29.00US$22.00US$29.219
Sep ’24US$18.48
US$24.25
+31.22%
8.69%US$29.00US$22.00US$27.758
Aug ’24US$18.69
US$23.63
+26.40%
11.96%US$29.00US$19.00US$27.888
AnalystConsensusTarget
Consensus Narrative from 11 Analysts
US$44.00
Fair Value
28.2% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/23 13:51
End of Day Share Price 2025/07/23 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kodiak Gas Services, Inc. is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Theresa ChenBarclays
Jean Ann SalisburyBofA Global Research
Douglas IrwinCitigroup Inc