BKV Corporation (BKV) is a publicly traded company in the Energy — Oil & Gas Exploration & Production industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
BKV Corporation's business encompasses the entire natural gas and natural gas liquids (NGLs) value chain. The company focuses on acquiring, developing, and managing energy-producing assets, and also provides essential midstream services including the collection, processing, and transportation of natural gas. Founded in 2015, BKV Corporation is headquartered in Denver, Colorado, with additional offices strategically located in Tunkhannock, Pennsylvania, and Fort Worth, Texas.
Is BKV Corporation stock overvalued or undervalued in 2026?
BKV Corporation (BKV) trades at 7.3× earnings (P/E), against a median of 15.5× across the 142 energy companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (7.3) does not tell whether it is cheap.
Kaplio overview: BKV Corporation
Market cap $2B · 52 weeks $20 – $32 (35 % below the high) · P/E 7.3× · 2027 est. P/E 10.0× · Dividend none · Next earnings November 5, 2026 · expected EPS $0.38 · Closing price, Nov 2 · accounts published Aug 6.
- Valuation: TTM P/E 7.3× (no verdict).
- Business: 5-year ROIC 3.5 % (weak).
- Balance sheet: Net debt/EBITDA 0.7× (solid).
- Earnings: 6 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (7.3) does not tell whether it is cheap.
Why is BKV Corporation's P/E so low?
BKV Corporation trades at a P/E of 7.3× on reported earnings, but over the last 12 months 45 % of its pre-tax income ($155M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 13.7×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended June 30, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| September 30, 2025 | $7.4M | $90.3M | $76.8M |
| December 31, 2025 | $29.2M | $58.6M | $70.4M |
| March 31, 2026 | $32.9M | $30.4M | $44.1M |
| June 30, 2026 | $122M | −$24.2M | $75.8M |
In cyclicals the P/E misleads: today's earnings are not the normal ones.
What matters in energy: 3 of 6 pass
- FCF yield −4.9 %, fails.
- 5y avg ROIC 3.5 %, fails.
- Capex / Revenue 33.5 %, fails.
- Net debt / EBITDA 0.7×, passes.
- P/E read in reverse (cyclicals) 7.3×, passes.
- EV/EBITDA vs own 10y 5.6×, passes.
Against its peers (reference peers) — BKV Corporation: P/E 7.3×; EV/EBITDA 5.6×; ROIC 3.8 %; $2.2B. Northern Oil and Gas, Inc. (P/E —; EV/EBITDA 17.7×; ROIC 10.4 %; $2.7B), Baytex Energy Corp. (P/E —; EV/EBITDA 5.5×; ROIC 6.6 %; $3.3B), Crescent Energy Company (P/E —; EV/EBITDA 6.7×; ROIC -57.9 %; $4.5B).
Profitability
| Return on Equity | 12.81% |
| Return on Invested Capital | 3.82% |
| Return on Assets | 6.31% |
| Gross Margin | 42.09% |
| Operating Margin | 14.90% |
| Net Margin | 20.81% |
Financial Health
| Debt / Equity | 0.54 |
| Current Ratio | 1.15 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 2.06 |
Price Performance
| 1 month | -2.97% |
| 3 months | -9.00% |
| Year-to-date | -22.91% |
| 1 year | -14.40% |
Related companies: TRMD · CLMT · CRGY · SM · BTE · NOG · DHT
Explore sector: Energy · Oil & Gas Exploration & Production
More sections of BKV: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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