EQT Valuation

Is EQT 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 EQT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EQT ($35.88) is trading below our estimate of fair value ($105.07)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

EQT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.7x
Enterprise Value/EBITDA7.1x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for EQT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.1x
MRO Marathon Oil
11.3x-1.7%US$16.1b
OVV Ovintiv
6.7x-1.5%US$13.0b
APA APA
4.3x-7.9%US$11.8b
CHK Chesapeake Energy
10.3x36.5%US$11.0b
EQT EQT
25.5x36.0%US$15.8b

Price-To-Earnings vs Peers: EQT is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (8.1x).


Price to Earnings Ratio vs Industry

How does EQT's PE Ratio compare vs other companies in the US Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: EQT is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the US Oil and Gas industry average (11.1x).


Price to Earnings Ratio vs Fair Ratio

What is EQT'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.

EQT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.5x
Fair PE Ratio22.4x

Price-To-Earnings vs Fair Ratio: EQT is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).


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 EQT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$35.88
US$44.11
+22.9%
10.3%US$55.00US$36.00n/a20
Jul ’25US$36.69
US$44.31
+20.8%
10.2%US$54.00US$36.00n/a20
Jun ’25US$41.09
US$44.27
+7.7%
10.0%US$54.00US$36.00n/a19
May ’25US$38.66
US$42.66
+10.3%
10.3%US$52.00US$34.00n/a20
Apr ’25US$37.11
US$41.57
+12.0%
13.2%US$48.00US$27.00n/a21
Mar ’25US$37.01
US$44.00
+18.9%
12.1%US$52.00US$30.00n/a24
Feb ’25US$35.06
US$44.83
+27.9%
11.9%US$55.00US$30.00n/a24
Jan ’25US$38.66
US$47.13
+21.9%
14.2%US$62.00US$30.00n/a24
Dec ’24US$40.24
US$47.83
+18.9%
13.4%US$62.00US$30.00n/a24
Nov ’24US$42.72
US$47.92
+12.2%
13.3%US$62.00US$30.00n/a24
Oct ’24US$40.58
US$48.05
+18.4%
14.1%US$65.00US$37.00n/a22
Sep ’24US$44.22
US$47.91
+8.3%
14.6%US$65.00US$35.00n/a22
Aug ’24US$41.67
US$46.18
+10.8%
16.5%US$65.00US$34.00n/a22
Jul ’24US$41.13
US$44.82
+9.0%
17.5%US$65.00US$35.00US$36.6922
Jun ’24US$35.10
US$44.18
+25.9%
16.3%US$60.00US$35.00US$41.0922
May ’24US$34.27
US$44.43
+29.7%
17.1%US$61.00US$35.00US$38.6623
Apr ’24US$31.91
US$46.90
+47.0%
17.0%US$67.00US$32.00US$37.1121
Mar ’24US$33.30
US$47.71
+43.3%
18.8%US$67.00US$31.00US$37.0121
Feb ’24US$31.63
US$51.23
+62.0%
18.2%US$72.00US$38.00US$35.0622
Jan ’24US$33.83
US$58.86
+74.0%
16.7%US$81.00US$40.00US$38.6621
Dec ’23US$41.52
US$61.25
+47.5%
15.3%US$83.00US$45.00US$40.2420
Nov ’23US$40.75
US$61.65
+51.3%
15.7%US$85.00US$45.00US$42.7220
Oct ’23US$40.75
US$67.50
+65.6%
21.5%US$102.00US$46.00US$40.5816
Sep ’23US$46.31
US$58.48
+26.3%
20.8%US$102.00US$46.00US$44.2221
Aug ’23US$42.31
US$55.76
+31.8%
14.6%US$78.00US$45.00US$41.6721
Jul ’23US$34.27
US$53.91
+57.3%
18.9%US$89.00US$40.00US$41.1322

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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