Kinder Morgan, Inc. (KMI) Fair Value 2026

KMI · Oil & Gas Midstream ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.3 /10

32 fundamental signals · 11 models active

Value Trap Risk

SAFE (0/100)

Quick Summary — As of 2026-08-27, Kinder Morgan, Inc. (KMI) trades at $31.54, versus a $16.60 median fair value across its 11 active models — 47.4% below the current price. QOC: 8.3/10. Value Trap Risk: 0/100 (SAFE). 11/13 models active. Within that set, the Bayesian DCF component alone returns $28.12.

Key Facts

Ticker
KMI
Price
$31.54
Quality Score
8.3/10
Value Trap Risk
0/100
Models Active
11/13
Last Updated
Strength: Quality Score of 8.3/10 indicates strong fundamentals
Risk: Majority of models suggest overvaluation

Is Kinder Morgan, Inc. (KMI) Undervalued or Overvalued in 2026?

According to CirclFi’s 11-model valuation engine, Kinder Morgan, Inc. (KMI) appears overvalued as of : the median of 11 independent fair value estimates is $16.60, 47.4% below the current price of $31.54. Estimates range from $5.37 to $28.12. KMI scores 8.3/10 on fundamental quality and 0/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. KMI’s -47.4% gap is wider than that market norm, and the Oil & Gas Midstream sector median is -9.8%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Kinder Morgan, Inc. Stock in 2026? →

What Fair Value Does Each Model Give KMI?

11 Intrinsic Value Models vs. Current Price ($31.54)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $28.12 -10.8%
Intrinsic · High Conviction
 $5.37 -83.0%
Ensemble · Medium Conviction
 $15.83 -49.8%
Intrinsic · High Conviction
 $11.87 -62.4%
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What Is KMI's Fair Value Range?

Spread across 11 independent models · $5.37 to $28.12

CirclFi's 11 active models place Kinder Morgan, Inc. (KMI) between $5.37 and $28.12 per share, a spread of 137% of the median. The median of that range — $16.60 — is the fair value CirclFi publishes for KMI, against a current price of $31.54.

Low · EPVHigh · Bayesian DCF
$5.37median $16.60$28.12
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$5.37
Most bullish modelBayesian DCF$28.12
Model agreement0 bullish · 11 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for KMI. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on KMI, not a CirclFi price target. How each model works →

What Is Kinder Morgan, Inc. (KMI) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Kinder Morgan, Inc.'s intrinsic value is estimated at $16.60, suggesting the stock is overvalued at its current price of $31.54. With 11 out of 11 models flagging downside (-47.4% vs price), the market may be pricing in unsustainable growth. The most optimistic model, Bayesian DCF, places fair value at $28.12 (-10.8%), while EPV — the most conservative — estimates $5.37 (-83.0%). This +72.1% gap reflects genuine analytical uncertainty about Kinder Morgan, Inc.'s intrinsic worth. Among models with highest confidence, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About KMI?

11 of 13 models are currently active for KMI. All 11 active models suggest the stock trades above fair value. Taken together, their median fair value for KMI is $16.60 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $28.12 on its own, implying -10.8% downside from the current price. See which stocks rank higher →

How Does KMI Rank in Oil & Gas Midstream?

Among 53 Oil & Gas Midstream stocks, KMI ranks #14 by Quality of Company score. CirclFi's QOC score of 8.3/10 evaluates 32 fundamental signals. A score of 8.3 places KMI in the top tier.

See all Most Undervalued Oil & Gas Midstream Stocks →

Within the Oil & Gas Midstream space, Kinder Morgan, Inc. competes in an environment where breakeven oil price often separates market leaders from laggards. Understanding these industry-specific dynamics is essential context for interpreting our model outputs.

Is KMI a Value Trap?

CirclFi's Value Trap algorithm assigns KMI a score of 0/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

11 of 13 models are active for Kinder Morgan, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, Kinder Morgan, Inc.'s fundamental quality profile registers 8.3/10. This robust score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +72.1% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every KMI valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across KMI's 11 active models, average confidence is 50%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Kinder Morgan, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Oil & Gas Midstream Stocks Should You Also Analyze?

11 related Oil & Gas Midstream stocks with 13-model coverage

SOBOSouth Bow CorporationQOC 8.3TRGPTarga Resources Corp.QOC 8.2OKEONEOK, Inc.QOC 8.3PBAPembina Pipeline CorporationQOC 8.1LPGDorian LPG Ltd.QOC 8.3DHTDHT Holdings, Inc.QOC 8.1TRPTC Energy CorporationQOC 7.7NGLNGL Energy Partners LPQOC 5.8BANLCBL International LimitedQOC 2.5HESMHess Midstream LPQOC 9.2FLNGFLEX LNG Ltd.QOC 9.0

Read investment analysis: SOBO · TRGP · OKE · PBA · LPG · DHT · TRP · NGL · BANL · HESM · FLNG

Which Other Stocks Have a Similar Quality Score to KMI?

7 companies across all industries closest to KMI’s Quality of Company score of 8.3/10.

MNKDMannKind CorporationQOC 8.3QQnity Electronics, Inc.QOC 8.3OOMAOoma, Inc.QOC 8.3RRRRed Rock Resorts, Inc.QOC 8.3OPRAOpera LimitedQOC 8.3SDSandRidge Energy, Inc.QOC 8.3NVDANVIDIA CorporationQOC 10.0

Read investment analysis: MNKD · Q · OOMA · RRR · OPRA · SD · NVDA

Where Does KMI Sit in CirclFi's Oil & Gas Midstream Rankings?

KMI is ranked against every other Oil & Gas Midstream stock CirclFi covers in each of these screens.

See all Oil & Gas Midstream stocks ranked →

What Else Do Investors Ask About Kinder Morgan, Inc.’s Valuation?

What is Kinder Morgan, Inc.'s intrinsic value in 2026?

CirclFi puts Kinder Morgan, Inc. (KMI)'s intrinsic value at $16.60 — the median of 11 independent model estimates as of 2026-08-27, ranging from $5.37 to $28.12. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $28.12 on its own. The Quality of Company score is 8.3/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is KMI overvalued or undervalued right now?

At $31.54, 0 of 11 active models suggest KMI may be undervalued, while 11 indicate potential overvaluation. The median of all 11 fair value estimates is $16.60, 47.4% below the current price of $31.54 — a consensus view that KMI is overvalued. The assessment depends on which methodology best fits Kinder Morgan, Inc.'s business model in Oil & Gas Midstream.

What does a Quality of Company score of 8.3 mean for KMI?

Kinder Morgan, Inc.'s QOC of 8.3/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on KMI?

CirclFi analyzes KMI with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 11 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on KMI?

Of the 11 models currently active on KMI, Bayesian DCF is the most bullish at $28.12 per share, and Earnings Power Value (EPV) is the most bearish at $5.37. CirclFi's published fair value for KMI is the median of that range, $16.60, not either extreme. The gap between the two ends equals 137% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is KMI a value trap in 2026?

Kinder Morgan, Inc.'s Value Trap score is 0/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 11-model valuation engine, Kinder Morgan, Inc. (KMI) has a median fair value of $16.60 — 47.4% below the current price of $31.54 — as of 2026-08-27.” Source: circlfi.com/stock/KMI/ · Methodology
Primary sources for this KMI valuation
  • Financial statements: Kinder Morgan, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001506307) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for KMI as of ; valuations recomputed .

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