Stock Valuations, July 2026
At the end of July 2026, across 2,260 covered U.S. stocks, the median model fair value sat 5.6% under the share price, and 42% of the stocks traded below their model estimate. Streaming showed the widest model gap (median +17.0%) and Auto Dealership the narrowest (-36.0%).
Figures are Equity Rank's model fair values (a multi-method blend) as published at the time, comparing 2026-07-01 with 2026-07-31. Gap = model fair value differential versus the price (positive = price below the model estimate). Model estimates under stated assumptions, not investment advice.
By sector
| Sector | Companies | Median gap | Start of month | Below estimate |
|---|
| Streaming | 16 | +17.0% | +7.3% | 69% |
| Mining | 28 | +15.0% | +17.4% | 71% |
| Pharmaceuticals | 19 | +10.2% | +11.9% | 53% |
| Biotechnology | 43 | +10.1% | +18.4% | 61% |
| Mortgage REIT | 22 | +9.7% | +1.9% | 68% |
| Specialty Chemicals | 30 | +7.7% | +8.1% | 57% |
| Real Estate | 138 | +7.4% | +3.9% | 64% |
| Materials | 45 | +6.6% | +3.6% | 58% |
| Medical Devices | 56 | +6.5% | +6.3% | 54% |
| Asset Management | 80 | +5.8% | +15.7% | 59% |
| E-Commerce | 13 | +2.1% | +1.9% | 54% |
| Consumer Staples | 58 | +0.1% | +5.8% | 50% |
| Heavy Machinery | 13 | +0.1% | -5.7% | 54% |
| Consumer Discretionary | 70 | -0.1% | +5.1% | 50% |
| Insurance | 75 | -1.4% | -1.8% | 48% |
| Technology | 16 | -2.0% | -2.5% | 50% |
| Restaurants | 29 | -2.1% | +12.5% | 48% |
| Specialty Retail | 39 | -2.9% | -21.6% | 46% |
| Software | 126 | -4.3% | +13.4% | 43% |
| Energy | 122 | -4.6% | +0.9% | 43% |
| Communication Services | 17 | -4.7% | +14.2% | 47% |
| Banks | 232 | -4.8% | +1.8% | 37% |
| Industrials | 214 | -6.5% | -3.8% | 43% |
| Beverages | 14 | -7.0% | +4.1% | 43% |
| Internet Platform | 23 | -8.5% | +23.4% | 44% |
| Drug Manufacturer | 13 | -9.4% | -2.5% | 39% |
| Gaming | 17 | -9.8% | -10.7% | 29% |
| Life Sciences Tools | 40 | -10.0% | -7.3% | 38% |
| Financials | 100 | -13.3% | +3.5% | 34% |
| Freight | 22 | -13.6% | -12.0% | 27% |
| Homebuilders | 19 | -14.5% | -20.0% | 26% |
| Grocery | 14 | -14.6% | -15.3% | 29% |
| Hardware | 40 | -14.7% | -28.6% | 20% |
| IT Services | 35 | -15.7% | -17.3% | 29% |
| Utilities | 71 | -16.4% | -19.6% | 30% |
| Semiconductors | 60 | -17.2% | -20.2% | 18% |
| Managed Care | 22 | -17.6% | -13.9% | 9% |
| Fintech | 10 | -18.2% | -9.8% | 40% |
| Aerospace & Defense | 38 | -19.1% | -29.4% | 26% |
| Medical Facilities | 26 | -23.3% | -21.0% | 23% |
| Automotive | 25 | -27.2% | -33.1% | 16% |
| Auto Dealership | 13 | -36.0% | -33.2% | 15% |
Furthest below model fair value at month end
| Company | Price | Model fair value | Gap |
|---|
| CI Cigna Corp | $290.01 | $487.29 | +68.0% |
| REGN Regeneron Pharmaceuticals Inc | $734.00 | $1228.88 | +67.4% |
| FOXA Fox Corp Class A | $58.82 | $96.27 | +63.7% |
| BSX Boston Scientific Corp | $46.06 | $75.10 | +63.0% |
| BP BP PLC ADR | $44.00 | $70.98 | +61.3% |
| SHEL Shell PLC ADR | $90.46 | $144.59 | +59.8% |
| CMCSA Comcast Corp | $23.63 | $36.01 | +52.4% |
| PFE Pfizer Inc | $24.91 | $37.59 | +50.9% |
| CPAY Corpay Inc | $394.00 | $594.32 | +50.8% |
| EQNR Equinor ASA ADR | $40.72 | $61.08 | +50.0% |
| HPQ HP Inc | $26.62 | $39.93 | +50.0% |
| TGT Target Corporation | $144.78 | $217.17 | +50.0% |
| BMY Bristol-Myers Squibb Company | $64.99 | $97.36 | +49.8% |
| PYPL PayPal Holdings Inc | $57.49 | $86.01 | +49.6% |
| DG Dollar General Corporation | $127.78 | $190.20 | +48.9% |
Large companies valued by at least five methods.
Largest model estimate increases
| Company | Model fair value start → end | Change |
|---|
| ROST Ross Stores Inc | $62.68 → $185.39 | +195.8% |
| ORLY O’Reilly Automotive Inc | $21.75 → $55.27 | +154.1% |
| AZO AutoZone Inc | $1051.40 → $2620.10 | +149.2% |
| TJX The TJX Companies Inc | $60.74 → $129.91 | +113.9% |
| ANET Arista Networks | $41.57 → $86.04 | +107.0% |
| FLEX Flex Ltd | $53.38 → $96.47 | +80.7% |
| SRE Sempra Energy | $66.18 → $112.75 | +70.4% |
| IBKR Interactive Brokers Group Inc | $38.44 → $64.61 | +68.1% |
| CLS Celestica Inc. | $174.63 → $287.29 | +64.5% |
| RTX RTX Corporation | $121.59 → $195.97 | +61.2% |
Largest model estimate decreases
| Company | Model fair value start → end | Change |
|---|
| EQT EQT Corporation | $80.05 → $46.73 | -41.6% |
| VZ Verizon Communications Inc | $73.62 → $48.80 | -33.7% |
| VRT Vertiv Holdings Co | $197.47 → $131.27 | -33.5% |
| ALNY Alnylam Pharmaceuticals Inc | $340.21 → $229.98 | -32.4% |
| ROP Roper Technologies Inc | $525.98 → $361.53 | -31.3% |
| WDC Western Digital Corporation | $334.73 → $234.88 | -29.8% |
| COHR Coherent Inc | $246.62 → $175.87 | -28.7% |
| STM STMicroelectronics NV ADR | $70.17 → $50.25 | -28.4% |
| CCI Crown Castle | $81.52 → $58.99 | -27.6% |
| SNPS Synopsys Inc | $486.90 → $355.60 | -27.0% |
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