2 models fit Golar Lng Ltd and they agree: 2 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionGolar Lng Ltd (GLNG)
Fair value (2 models)
$17.20
ACCE price target
$42.00
Rating
Overvalued
Horizon
12 months
Fair value published on 24 Oct 2026, 16:06 CEST; previously $14.66 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 24 Oct 2026, 16:06 CEST.
Price used: $45.61 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow 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
165.1% above
-62.3% to fair value
ACCE score
59
out of 100
Analysts
88% buy
8 covering
P/E
31.2x
forward 72.7x
1-year return
+18.8%
Dividend yield
2.27%
Golar Lng Ltd in four questions
Plain answers, details below
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Overview
ACCE thesis
Golar LNG owns and charters floating liquefied natural gas vessels, including FLNG units that liquefy gas offshore at the wellhead and Floating Storage and Regasification Units that convert LNG back to gas at import terminals. Its advantage is the scarcity of this asset class: building and chartering FLNG capacity takes years and few owners have the balance sheet and operating track record to do it. Revenue growth of 72.4% and an operating margin of 51.1% show the contracted fleet earning well above what the sector typically delivers. The stock trades at 30.8 times trailing earnings and 40.2 times forward, so the market is already pricing in a lot of that growth, and the 10.1% return on equity suggests the earnings have not yet translated into strong returns to shareholders. Worth a deeper look to test whether the forward earnings path justifies the multiple and whether charter renewals hold up as current LNG contracts roll off.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Free cash flow deeply negative
Free cash flow is -$424.7M against a $4.7B market cap, so earnings are not turning into cash. Debt/equity of 1.50 leaves little room if funding conditions tighten.
moderate
Score down sharply in 90 days
The ACCE score fell 10 points over 90 days, from 69 to 59, with the valuation sub-score at 29. Quarter-on-quarter revenue is down 5.1%.
moderate
Heavy short interest
Short interest is 11.8% of float, meaning a meaningful group of investors is betting on a decline. Insiders hold only 5.8%.
AI research notes
AI-assisted·How I use AIWritten Oct 24, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Analysts are overwhelmingly positive, with 88% (7 of 8) rating the stock Buy or Strong Buy.
The latest quarter beat expectations, with earnings per share of 0.68 against 0.30 expected, a surprise of +126.7%.
Revenue grew +72.4% year over year, and net margin reached 31.3%, showing strong recent profitability.
Why it could disappoint
Free cash flow over the last 12 months was -$425M, so the business is spending more cash than it generates.
At a forward P/E of 72.7x against a sector median of 16.2x, the shares look expensive relative to peers.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 18, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where GLNG's valuation models land
Price
$45.61
Model fair value
$17.20
Model range
$16.23 to $18.18
Fair value $17.20
Price $45.61
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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