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VNOM
ACCE-researched

Viper Energy Inc. Class A Common Stock (VNOM) fair value

Energy · Oil & Gas Midstream · NASDAQ · United States
$46.94+3.51%
Market cap $16.3BNext earnings 2026-11-02Updated Oct 24, 2026
Add earnings to calendarGoogle
Our verdict
Trades 525% above our fair value
Price
$46.94
Model fair valueConfidence: low
about $7.52
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a cyclical company: P/E comparison.
ACCE opinionViper Energy Inc. Class A Common Stock (VNOM)
Fair value (2 models)
Not available
ACCE price target
$42.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 26 Sept 2026, 00:00 CEST.
Price used: $46.94 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison.
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
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
69
out of 100
Analysts
100% buy
20 covering
P/E
2267.5x
forward 13.7x
1-year return
+23.5%
Dividend yield
5.36%

Viper Energy Inc. Class A Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Viper Energy owns mineral and royalty interests in Permian Basin acreage, collecting a share of production revenue from operators such as Diamondback Energy without bearing drilling or operating costs, which explains the 100% gross margin and 67% operating margin. Its advantage is the scale and quality of that acreage position, which gives it a long runway of royalty income tied to drilling activity by one of the basin's most active operators. The near-term driver is volume growth from Diamondback's development program, and revenue growth of 115.2% signals that the cash flow base has expanded sharply. The stock trades at a 17.6x forward P/E against a trailing P/E of 2218, so the trailing figure reflects depressed earnings rather than a stretched valuation, and the current price looks reasonable only if forward estimates hold. The main thing to test is whether that forward earnings base is durable, given the commodity price exposure and a reported ROE of just 1.1%, which points to a balance sheet and capital structure that deserve a closer look.

AI-assisted·How I use AIWritten Oct 14, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Negative free cash flow
    FCF of -$1.37B despite $15.4B market cap and strong revenue growth signals cash burn or heavy capex without offsetting returns.
  • high
    Insider selling concentration
    Last 10 disclosures show $23.31M in sales, zero buys. Insiders liquidating while valuation model shows fair value $42.00 vs current $42.99.
  • moderate
    Quality score weakness
    ACCE Q-score 67/100 lags Growth (100) and Value (45). Score improved 12 points in 90 days; sustainability unclear given FCF and margin composition.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue surged 115.2% year over year, demonstrating explosive growth momentum in the current commodity cycle.
  • All 20 analysts rate the stock Buy or Strong Buy, with a mean target implying 27.8% upside from current price.
  • Forward P/E of 13.7x sits below the sector median of 16.0x, suggesting the market undervalues growth prospects.
Why it could disappoint
  • Free cash flow turned negative at minus 1.4 billion dollars, making the 5.8% dividend yield unsustainable without asset sales.
  • Diluted share count jumped 51.7% in one year, eroding per-share value despite strong top-line growth.
  • Return on invested capital is negative at minus 0.8%, meaning capital deployed is destroying rather than creating shareholder value.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 2, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where VNOM's valuation models land
Price
$46.94
Model fair valueConfidence: low
about $7.52
Model
Fair value
Upside
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish100% buy · 20 covering analysts
● Strong buy 15● Buy 5● Hold 0● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+4.3%
1 month
+14.7%
3 months
+4.0%
6 months
-1.3%
YTD
+21.5%
1 year
+23.5%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
9 Oct 2026, 00:00 CESTFair value$46.86$5.45$41.07
29 Sept 2026, 00:00 CESTFair value$5.45$5.55$40.93
27 Sept 2026, 00:00 CESTFair value$5.55$5.65$40.93
26 Sept 2026, 00:00 CESTACCE price target$42.00first publication$41.64
25 Sept 2026, 00:00 CESTFair value$5.65$5.73$40.93
22 Sept 2026, 00:00 CESTFair value$5.73$5.64$42.27
20 Sept 2026, 00:00 CESTFair value$5.64$5.43$42.27
18 Sept 2026, 00:00 CESTFair value$5.43$5.76$43.19
15 Sept 2026, 00:00 CESTFair value$5.76$4.14$44.71
8 Sept 2026, 00:00 CESTFair value$4.14$4.08$44.39

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth100Value45Quality67Momentum63Total69
Valuation
Trailing P/E
2267.5x
Forward P/E
13.7x
PEG
no data
P/B
1.58x
EV / Revenue
4.7x
Book value/sh
$26.31
Enterprise value
$9.6B
Profitability
ROE
1.1%
FCF yield
-8.42%
ROIC
-0.8%
Health and risk
Debt / equity
0.49
Dividend yield
5.36%
Beta
0.31

Price

+26.0% · 1Y

Ask anything about VNOM

Answered from Viper Energy Inc. Class A Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 7.7x2267.5xhigh 2267.5x
ROEbetter than 0% of peers
low 1%1%high 54%
Div yieldbetter than 67% of peers
low 2.4%5.4%high 10.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
VNOM Viper Energy Inc. Class A Common Stock$46.94--2267.5x1.1%6769
DTM DT Midstream Inc. Common Stock $123.91$58114% above27.0x9.9%8159
ALA.TO AltaGas Ltd.C$55.34--27.8x6.6%5169
KEY.TO Keyera Corp.C$54.92C$21157% above35.3x8.9%4667
FRO Frontline Plc Ordinary Shares$52.94$24124% above7.7x53.8%9196
AM Antero Midstream Corporation Common Stock$20.85$1362% above25.1x19.8%8162
KNTK Kinetik Holdings Inc. Class A Common Stock$55.70$3560% above19.5x19.2%6979

Sector report card

Where VNOM ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Sep 30, 2026
    Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Third Quarter 2026 Conference Call for November 3, 2026
  • GlobeNewswire•Aug 3, 2026
    Viper Energy, Inc., A Subsidiary Of Diamondback Energy, Inc., Reports Second Quarter 2026 Financial And Operating Results; Increases Base Dividend
  • GlobeNewswire•Jul 1, 2026
    Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Has Completed Its Acquisition of Riverbend Mineral and Royalty Interests
2 more press releases · full archive on Investor+.INVESTOR
16 filings of 40
May 2026
May 6
10-QQuarterly reportPeriod 2026-03-31
View on SEC →
May 4
8-KCurrent reportPeriod 2026-05-04
View on SEC →
April 2026
Apr 8
ProxyProxy statementPeriod 2026-05-19
View on SEC →
13 more filings + AI summaries on Investor+.INVESTOR