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PAR Pacific Holdings, Inc. valuation and forecast

Explore the models for PAR Pacific Holdings, Inc., adjust their assumptions and compare your own valuation with the platform's.

Your valuation workspace

What is PARR worth to you?

Start with the company's financial data. Make the assumptions your own.

6 models available

01 / Assumptions

Follow the forecast

The cash flows behind your value

USD per share
View annual figures
Forecast yearCash flow / share

Negative cash flows are shown in terracotta. Before the terminal value and equity bridge. Residual-income models show excess earnings; dividend models show dividends.

See the range of possibilities

Compare and combine your models

Your weighted value—

Weights start with the platform's included models. Change them to build your own combination. Select a model name to edit its assumptions.

ModelYour value / shareWeight

The platform's price and consistency filters are not reapplied to your scenarios.

Other model types 16 unavailable for PARR

Proved-reserve net asset value

latest tagged standardised measure is for 2019-12-31: out of date

Revenue-to-maturity DCF

This model does not apply to this company with the available financial data.

Growth DCF

This model does not apply to this company with the available financial data.

P/B vs return on equity

This model does not apply to this company with the available financial data.

Peer price-to-book

This model does not apply to this company with the available financial data.

Peer P/E

This model does not apply to this company with the available financial data.

Peer price-to-FFO

This model does not apply to this company with the available financial data.

Peer price-to-sales

This model does not apply to this company with the available financial data.

Forward peer price-to-sales

This model does not apply to this company with the available financial data.

PEG comparison

This model does not apply to this company with the available financial data.

Two-stage dividend discount

This model does not apply to this company with the available financial data.

Growing-dividend model

This model does not apply to this company with the available financial data.

REIT funds from operations

This model does not apply to this company with the available financial data.

Utility earnings

This model does not apply to this company with the available financial data.

Book value / net assets

This model does not apply to this company with the available financial data.

Reported crypto treasury NAV

This model does not apply to this company with the available financial data.

Model values are estimates under the assumptions shown. They are not share-price forecasts or investment advice.

Valuation models compared

Cash-flow modelgrowth 4.4–14.4%, 8.5% discount
~$120~$87–$160
Forward price-to-earnings vs peersNext year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
~$130~$100–$200
Residual incomeleft out of the combined value: out of range vs price (7.93x)
~$570~$380–$900
Justified price-to-bookBook value times (return on equity - growth) / (cost of equity - growth): steady-state returns.
~$180~$150–$240
Models combinedweighted average of 3 models; primary model counts double
~$140~$120–$180

range across growth cases central value market price $72.03

Different models answer different questions: the cash-flow models ask what the business generates for owners; the peer multiples ask what similar companies in our coverage trade on. Where they disagree, the gap is the story. Projections are estimates based on current data, updated daily. Not investment advice. How each model works.

Analyst recommendations

8 analysts, Oct 2026
Buy450%
Hold450%
Sell00%

Monthly trend

  1. Oct 20262248
  2. Sep 20262417
  3. Aug 20262417
  4. Jul 20262417

Counts of recommendations published by analysts covering PAR Pacific Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Price history

Loading chart…

Third-party market data · may be delayed

Five-year projection

  • Share price
  • Higher growth
  • Base case
  • Lower growth
$0 $50 $100 $150 $200 Nov 2024 Today 20272028202920302031 ~$200 ~$150 ~$100

Today: lower growth ~$87 · base case ~$120 · higher growth ~$160 · share price $72.20

Where our model's value per share would be at each point if that growth case plays out — not a forecast of the share price, which can stay above or below value for long periods. How projections are calculated.

Projections are estimates based on current data, updated daily. Not investment advice.

How our value has changed

Our value per share (re-run on each quarter's filings) Share price, month end
$100 $200 $300 20222023202420252026
View the data
PeriodOur value per share
FY2021 Q3 (backtest)$8.94
FY2022 Q1 (backtest)$3.34
FY2022 Q3 (backtest)$69.28
FY2022 Q4 (backtest)$92.92
FY2023 Q1 (backtest)$126
FY2023 Q2 (backtest)$195
FY2023 Q3 (backtest)$280
FY2023 Q4 (backtest)$196
FY2024 Q1 (backtest)$202
FY2024 Q2 (backtest)$181
FY2024 Q3 (backtest)$128
FY2024 Q4 (backtest)$93.80
FY2025 Q1 (backtest)$67.37
FY2025 Q2 (backtest)$86.78
FY2025 Q3 (backtest)$70.94
FY2025 Q4 (backtest)$54.28
FY2026 Q1 (backtest)$40.84
FY2026 Q2 (backtest)$120

Our model re-run on each past quarter's filed figures: how the method would have valued PAR Pacific Holdings, Inc. at the time (a backtest — our dated public record starts at launch). The grey line is the share price at month end, for comparison.

Five-year model value, by case

Year Lower growth Base case Higher growth
Latest filing ~$87 ~$120 ~$160
2027 ~$90 ~$130 ~$170
2028 ~$93 ~$130 ~$180
2029 ~$96 ~$140 ~$190
2030 ~$100 ~$140 ~$200
2031 ~$100 ~$150 ~$200

Projections are estimates based on current data, updated daily. Not investment advice. How projections are calculated.

The assumptions

Free cash flow (TTM, FY2026 Q2)
$412M
Less stock-based pay
$16.8M
Cash flow we value
$259M
Growth, years 1–5 (base)
9.4%
Then fading to
2.5%
Discount rate
8.5%
Net cash added
-$600M
Diluted shares
49M

What would move the value

Growth 5 points lower
−25%
Growth 5 points higher
+33%
Free-cash-flow margin 1 point lower
−19%
Discount rate 1 point higher
−16%

Change in our model value when one input moves, all else equal.

PARR valuation questions

What is PAR Pacific Holdings, Inc. worth per share?
Our discounted-cash-flow model of PAR Pacific Holdings, Inc.'s free cash flow after stock-based pay puts its value at ~$120 per share in the base case, with a range of ~$87–$160 across lower- and higher-growth cases. Model values under stated assumptions, not a price target or recommendation.
What could PAR Pacific Holdings, Inc. be worth by 2031?
If our base case plays out, the model's value per share would be about ~$150 by 2031 (~$100–$200 across our lower- and higher-growth cases). This is where the model's value would be, not a forecast of the share price, which can stay above or below value for long periods.
How does Fundamentalytics value PAR Pacific Holdings, Inc.?
We value PAR Pacific Holdings, Inc.'s normalised cash flow after stock-based pay using a ten-year discounted-cash-flow model. Near-term growth can incorporate forecasts and guidance; growth then fades to the long-run rate. The equity bridge adds cash and subtracts debt and other claims. The calculator shows the company data and assumptions you can adjust.

Data: SEC EDGAR filings, retrieved October 26, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to PAR Pacific Holdings, Inc.

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