Stock Valuations, August 2026
At the end of August 2026, across 2,497 covered U.S. stocks, the median model fair value sat 0.5% above the share price, and 51% of the stocks traded below their model estimate. Media showed the widest model gap (median +27.5%) and Steel the narrowest (-23.4%).
Figures are Equity Rank's model fair values (a multi-method blend) as published at the time, comparing 2026-08-03 with 2026-08-31. 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 |
|---|
| Media | 10 | +27.5% | +38.6% | 60% |
| Streaming | 20 | +19.0% | +18.5% | 80% |
| Beverages | 17 | +15.0% | -6.2% | 77% |
| Materials | 56 | +13.4% | +11.3% | 66% |
| Biotechnology | 64 | +12.8% | +10.7% | 66% |
| Consumer Discretionary | 83 | +12.4% | -1.1% | 65% |
| Heavy Machinery | 14 | +12.1% | +3.3% | 64% |
| Real Estate | 147 | +9.8% | +8.8% | 69% |
| Specialty Chemicals | 34 | +9.3% | +6.1% | 65% |
| Mortgage REIT | 22 | +7.9% | +11.9% | 77% |
| Industrials | 226 | +5.0% | -5.2% | 65% |
| Financial Data & Analytics | 10 | +4.8% | +4.0% | 60% |
| Pharmaceuticals | 24 | +4.3% | +14.4% | 58% |
| Medical Devices | 63 | +3.7% | -0.8% | 62% |
| Asset Management | 89 | +3.6% | +8.1% | 58% |
| Insurance | 77 | +2.0% | -0.7% | 53% |
| Internet Platform | 23 | +1.9% | +0.1% | 52% |
| Software | 145 | +1.6% | -3.3% | 52% |
| Banks | 237 | +0.9% | -3.7% | 54% |
| E-Commerce | 14 | +0.4% | +1.4% | 50% |
| Technology | 20 | +0.0% | +0.5% | 50% |
| Energy | 144 | -0.9% | -5.5% | 49% |
| Cloud Infrastructure | 10 | -1.3% | -11.6% | 50% |
| Aerospace & Defense | 44 | -1.4% | -20.1% | 43% |
| Specialty Retail | 39 | -1.4% | -3.1% | 49% |
| Life Sciences Tools | 43 | -1.8% | -11.6% | 47% |
| Freight | 23 | -2.1% | -12.4% | 48% |
| Communication Services | 20 | -2.8% | -7.3% | 45% |
| Mining | 30 | -3.8% | +13.0% | 43% |
| Consumer Staples | 57 | -4.5% | -5.1% | 46% |
| Restaurants | 31 | -4.8% | -4.0% | 42% |
| Protein Processing | 11 | -5.1% | +46.4% | 36% |
| Drug Manufacturer | 12 | -5.9% | -12.2% | 25% |
| Gaming | 17 | -6.4% | -9.5% | 41% |
| Staffing | 10 | -7.9% | -12.1% | 30% |
| Grocery | 15 | -8.2% | -14.8% | 47% |
| Utilities | 74 | -8.7% | -13.9% | 31% |
| Automotive | 28 | -9.1% | -25.5% | 29% |
| Semiconductors | 64 | -9.3% | -18.6% | 23% |
| Financials | 110 | -9.4% | -13.1% | 38% |
| Medical Facilities | 30 | -9.5% | -21.8% | 37% |
| Hardware | 43 | -11.5% | -16.9% | 28% |
| Managed Care | 28 | -11.6% | -13.4% | 25% |
| IT Services | 40 | -13.3% | -16.1% | 30% |
| Advertising | 11 | -13.6% | -14.5% | 36% |
| Fintech | 11 | -15.0% | -15.4% | 36% |
| Homebuilders | 19 | -16.1% | -12.0% | 11% |
| Auto Dealership | 15 | -19.2% | -30.6% | 13% |
| Steel | 10 | -23.4% | -43.0% | 10% |
Furthest below model fair value at month end
| Company | Price | Model fair value | Gap |
|---|
| CI Cigna Corp | $278.99 | $471.66 | +69.1% |
| DG Dollar General Corporation | $123.60 | $207.21 | +67.7% |
| FOXA Fox Corp Class A | $67.78 | $113.00 | +66.7% |
| BP BP PLC ADR | $42.90 | $71.44 | +66.5% |
| PYPL PayPal Holdings Inc | $53.51 | $85.97 | +60.7% |
| SHEL Shell PLC ADR | $92.06 | $146.66 | +59.3% |
| ALL The Allstate Corporation | $260.00 | $411.13 | +58.1% |
| ACGL Arch Capital Group Ltd. | $98.84 | $150.99 | +52.8% |
| TGT Target Corporation | $162.69 | $244.84 | +50.5% |
| BMY Bristol-Myers Squibb Company | $66.14 | $98.51 | +48.9% |
| DIS Walt Disney Company | $107.80 | $159.37 | +47.8% |
| CMCSA Comcast Corp | $26.84 | $39.48 | +47.1% |
| EQNR Equinor ASA ADR | $42.64 | $61.88 | +45.1% |
| HON Honeywell International Inc | $214.78 | $308.45 | +43.6% |
| VG Venture Global, Inc. | $14.57 | $20.52 | +40.8% |
Large companies valued by at least five methods.
Largest model estimate increases
| Company | Model fair value start → end | Change |
|---|
| AXON Axon Enterprise Inc. | $150.25 → $443.26 | +195.0% |
| VRT Vertiv Holdings Co | $102.03 → $212.68 | +108.4% |
| TSLA Tesla Inc | $116.67 → $241.53 | +107.0% |
| PLTR Palantir Technologies Inc. | $62.22 → $125.11 | +101.1% |
| ETN Eaton Corporation PLC | $187.10 → $335.92 | +79.5% |
| XOM Exxon Mobil Corp | $85.97 → $148.80 | +73.1% |
| CRDO Credo Technology Group Holding Ltd | $104.40 → $178.55 | +71.0% |
| SNDK Sandisk Corp | $1075.18 → $1829.22 | +70.1% |
| KEYS Keysight Technologies Inc | $164.72 → $275.37 | +67.2% |
| SHOP Shopify Inc | $49.74 → $81.67 | +64.2% |
Largest model estimate decreases
| Company | Model fair value start → end | Change |
|---|
| MNST Monster Beverage Corp | $44.90 → $27.83 | -38.0% |
| VIK Viking Holdings Ltd | $95.71 → $68.52 | -28.4% |
| BIP Brookfield Infrastructure Partners LP | $44.77 → $32.98 | -26.3% |
| SRE Sempra Energy | $113.53 → $86.55 | -23.8% |
| ATO Atmos Energy Corporation | $200.16 → $152.90 | -23.6% |
| DUK Duke Energy Corporation | $106.57 → $82.79 | -22.3% |
| AEE Ameren Corp | $89.57 → $70.26 | -21.6% |
| AWK American Water Works | $148.94 → $119.28 | -19.9% |
| ED Consolidated Edison Inc | $98.96 → $80.54 | -18.6% |
| CPAY Corpay Inc | $589.29 → $480.28 | -18.5% |
All monthly reports