3 models fit Knife Riv Holding Co. Common Stock and they disagree: 1 of 3 land within 15% of the average.
Two or more of our models back this value.
Premium(i)
Valued as a mature, profitable company: P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionKnife Riv Holding Co. Common Stock (KNF)
Fair value (3 models)
$47.59
ACCE price target
$55.00
Rating
Overvalued
Horizon
12 months
Fair value published on 20 Oct 2026, 15:04 CEST; previously $47.07 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $53.12 at the close on 23 Oct 2026, 22:00 CEST.
Models: 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
11.6% above
-10.4% to fair value
ACCE score
43
out of 100
Analysts
50% buy
8 covering
P/E
21.3x
forward 13.6x
1-year return
-15.7%
Dividend yield
0.00%
Knife Riv Holding Co. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Knife River makes aggregates, asphalt, ready-mix concrete and related paving and construction materials, selling mostly into road, bridge and infrastructure work across the western and central US, which keeps the business tied to public spending as much as to housing. The moat is local: quarries and asphalt plants are expensive to permit and transport limits how far product can economically travel, so incumbents hold pricing in their markets. Revenue growth of 12.6% is the number to test, since it has to come from pricing and infrastructure volumes rather than acquisitions alone. At 13.6x forward earnings against a trailing multiple of 19.9x, the market is pricing in a sharp step-up in earnings, which makes this worth a deeper look at whether margins can hold. The thin 8.8% operating margin and 9.1% ROE leave little room for a cyclical downturn, so the work is in the cost of energy and liquid asphalt and in the backlog.