4 models fit APA Corporation Common Stock and they disagree: 0 of 4 land within 15% of the average.
Two or more of our models back this value.
Discount(i)Silver77
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionAPA Corporation Common Stock (APA)
Fair value (4 models)
$61.45
ACCE price target
$44.40
Rating
Undervalued
Horizon
12 months
Fair value published on 18 Oct 2026, 16:04 CEST; previously $59.96 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 18 Oct 2026, 00:00 CEST; previously $52.00 since 11 May 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 16:04 CEST.
Price used: $51.90 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
15.5% below
+18.4% to fair value
ACCE score
89
out of 100
Analysts
36% buy
28 covering
P/E
10.5x
forward 9.4x
1-year return
+110.8%
Dividend yield
2.03%
APA Corporation Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
APA Corporation is an independent oil and gas explorer and producer with operations in the Permian Basin, the North Sea, and Egypt, selling crude, natural gas and natural gas liquids. Its business rests on long-lived, low-decline assets and a high-margin upstream model, with an operating margin of 56.3% and a return on equity of 26.7% on the figures we have. Revenue growth of 9.2% comes alongside a trailing P/E of 10.0 and a forward P/E of 9.4, so the market is paying a modest multiple for a business still growing. The name is interesting now because the forward multiple implies earnings expectations rising from current levels, which is the question to test in the filings: whether production and cost guidance support that step-up.