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BKV (BKV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

BKV
NYSE•Energy•Oil & Gas E&P
$22.79-1.56(-0.06%)Pre-market
Market Cap
$2.49B
P/E
9.3x
P/S
2.2x
P/B
1.1x

BKV Corporation produces and sells natural gas in the Barnett Shale in the Fort Worth Basin of Texas and in the Marcellus Shale in the Appalachian Basin of Northeast Pennsylvania. It is also involved in the gathering, processing, and transportation of natural gas; power generation; and carbon capture, utilization, and sequestration activities. The company was founded in 2015 and is headquartered in Denver, Colorado. BKV Corporation operates as a subsidiary of Banpu North America Corporation.

B

How this company scores

GoodMetricSide Score: 61/100

Strongest: Profitability (23/25); weakest: Cash & Earnings Quality (5/25).

Profitability23/25
Growth20/25
Balance Sheet & Red Flags13/25
Cash & Earnings Quality5/25
Strengths
Strong marginsRising earningsLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.3x5y range 9.3x – 14.8x
P/E 9.3x
P/S · 2.2x5y range 1.8x – 2.9x
P/S 2.2x · near its 5-quarter median

Currently near its 5-quarter median.

P/B · 1.1x5y range 0.8x – 1.3x
P/B 1.1x · near its 8-quarter median

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $2.49B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$1.15B
2Q
Q. Revenue
$322.45M
56%
TTM EBITDA
$655.72M
3Q
TTM Op. Income
$390.60M
425%
Q. Op. Income
$121.66M
5%
TTM Net Income
$267.11M
328%
Q. Net Income
$75.81M
28%
EPS
$0.68
2Q
Shares Out.
$109.39M
7Q
$1.15B in TTM revenue grew 10.7% YoY, reaching $322.45M last quarter. TTM EBITDA of $655.72M and TTM operating income of $390.60M show growth is flowing through to the bottom line. TTM net income of $267.11M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
54.5%
32%
Op. Margin
37.7%
39%
Net Margin
23.5%
53%
Op. margin of 37.7% is down 24.3% YoY — costs are rising relative to revenue. Net margin at 23.5% Over the past year, operating margin is down 39% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
9.3x
2Q
P/S Ratio
2.2x
10%
P/B Ratio
1.1x
16%
At 9.3x P/E, the stock trades below typical market levels. P/S of 2.2x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 3 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$4.24B
6Q
Cash
$152.19M
610%
Long-Term Debt
$1.06B
432%
Book Value
$2.30B
5Q
D/E Ratio
0.5
268%
Debt/EBITDA
6.1
404%
With $4.24B in assets and $1.06B in long-term debt, D/E is 0.5and book value is $2.30B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 268% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$109.74M
2Q
TTM Free Cash Flow
$-160.38M
247%
FCF Margin
-13.9%
233%
FCF / Net Income
-0.6
36%
TTM FCF of $-160.38M on $109.74M in operating cash flow. The FCF / Net Income ratio of -0.6x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 247% — a weakening trend.

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Currently near its 8-quarter median.

Leverage Risk

Watch

Debt-to-equity has risen 268.4% recently — increasing financial risk even if the current ratio is manageable.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Red Flag

Shares outstanding increased 60.8% — significant dilution, likely from stock compensation or capital raises.