Which Thermal Coal stocks trade furthest below Equity Rank's model fair value?

As of 2026-10-22, the Thermal Coal companies with the widest model fair value differential above the current price (among those valued by at least five methods) are NC (26.3%), ARLP (7.1%). These are multi-method model estimates under stated assumptions, not price targets or recommendations.

Thermal Coal Stocks — Fair Value & Margin of Safety

Equity Rank covers 5 Thermal Coal companies; 5 have a published model fair value, and 3 of those (60%) trade below the model estimate. The median model fair value sits 7.1% above the current price, under these model assumptions. Data as of 2026-10-22.

Source: Equity Rank — Thermal Coal stocks. Model fair value is a multi-method blend (DCF, Graham Number, earnings power, sector multiples and more), recomputed after each U.S. market close.

Thermal Coal stocks furthest below the model estimate

Among companies valued by at least five methods. A wide gap can also mean the models are missing something.

NC — NACCO Industries Inc: model fair value $42.26 vs. price $33.46, a model fair value differential of 26.3% above the current price (as of 2026-10-22)
ARLP — Alliance Resource Partners LP: model fair value $27.69 vs. price $25.85, a model fair value differential of 7.1% above the current price (as of 2026-10-22)

All 5 Thermal Coal companies

Ticker	Company	Price	Model fair value	Gap
CNR	Core Natural Resources, Inc.	$88.35	$74.42	-15.8%
ARLP	Alliance Resource Partners LP	$25.85	$27.69	+7.1%
BTU	Peabody Energy Corp	$22.43	$24.92	+11.1%
NRP	Natural Resource Partners LP	$114.77	$106.65	-7.1%
NC	NACCO Industries Inc	$33.46	$42.26	+26.3%

Largest companies first. Gap = model fair value differential versus the current price; positive means the price sits below the model estimate. “Not published” means the models lacked reliable data.

Thermal Coal stocks furthest below the model estimate

All 5 Thermal Coal companies

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