Par Pacific Holdings Inc.
Par Pacific Holdings, Inc., headquartered in Houston, Texas, is a growth-oriented energy company providing both renewable and conventional fuels to the western United States. Our business is organized into three primary segments: 1) Refining - We own and operate four refineries with total operating crude oil throughput capacity of 219 Mbpd.
$80.66
-$4.04 (-4.77%)
Live
Operating margin is thin at 7.22%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 6.4% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 5x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
4.7x earnings, 9.8x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$8.62B
▼ -6.4% YoY
Net Income (TTM)
$857M
▲ +1208.5% YoY
Op. Margin
13.43%
▲ +6.6pp YoY
ROIC
31.21%
▲ +14.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$412M
▲ +672.7% YoY
Op. Cash Flow (TTM)
$555M
▲ +431.6% YoY
Net Debt
$949M
Cash & Equiv.
$185M
5Y CAGR: +19.0%
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SourceComputed from the 10-Q filed 30 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 19 Sept 2026. How this is calculated.
Price from market data, live as of 22 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Par Pacific Holdings (PARR) overvalued?
At a P/E of 4.7 and a price-to-free-cash-flow of 9.8, Par Pacific Holdings (PARR) trades below a two-stage DCF intrinsic value of about $125.35 per share, so at $80.66 the stock looks undervalued (55.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Par Pacific Holdings scores 68/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Par Pacific Holdings's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $125.35 per share for PARR, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $94.02. At today's $80.66, that puts the stock about 55.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Par Pacific Holdings a high-quality business?+
Par Pacific Holdings scores 68 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 13.4% operating margin and a 31.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Par Pacific Holdings a good stock to buy right now?+
That depends on valuation and quality together, not either alone. PARR currently trades below its estimated intrinsic value and scores 68/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Crude Petroleum & Natural Gas
Spot a number that looks wrong? Check it in PARR's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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