Valuation dashboard for BKV Corporation (BKV) with P/E 7.23, P/B 0.98, EV/EBITDA 5.6 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.
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.
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (7.2) does not tell whether it is cheap.
Why is BKV Corporation's P/E so low?
BKV Corporation trades at a P/E of 7.2× 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 13.5×. 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 |
Analysis Summary
BKV Corporation reported revenue of $895.6M in the most recent fiscal year, growing at a 5-year CAGR of 48.9%.
Trailing-twelve-month margins: gross margin 42.1%, operating margin 14.9%, net margin 20.8%.
At $19.82 (closing price, November 3, 2026), BKV trades at a P/E of 7.23 and an ROE of 12.81%. Market capitalisation stands at $2.2B.
Balance sheet quality for BKV: debt-to-equity ratio of 0.54, current ratio of 1.15 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 7.23 |
| Price / Book | 0.98 |
| EV / EBITDA | 5.6 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| BKV | BKV Corporation | $2.2B | 7.23 | 0.98 | 12.8% |
| TRMD | TORM plc | $4.1B | 6.71 | 1.67 | 27.0% |
| CLMT | Calumet Inc. | $4.2B | 15.2% | ||
| CSAN | Cosan S.A. | $5.4B | 2.97 | -180.9% | |
| CRGY | Crescent Energy Company | $4.3B | 0.84 | 1.2% | |
| SM | SM Energy Company | $8.7B | 9.52 | 1.13 | 14.7% |
| BTE | Baytex Energy Corp. | $3.3B | 2.24 | -26.4% | |
| NOG | Northern Oil and Gas, Inc. | $2.7B | 1.33 | -23.9% |
Price
| Price | $19.82 (closing price, November 3, 2026) |
| Market Cap | $2.2B |
| Exchange | NYSE |
| Country | US |
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% |
Related companies: TRMD · CLMT · CRGY · SM · BTE · NOG · DHT
Explore sector: Energy · Oil & Gas Exploration & Production
More sections of BKV: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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