KNOT Offshore Partners LP (KNOP) Fair Value 2026

KNOP · Oil & Gas Midstream ·

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

Quality Score

7.1 /10

32 fundamental signals · 10 models active

Value Trap Risk

SAFE (14/100)

Quick Summary — As of 2026-08-28, KNOT Offshore Partners LP (KNOP) trades at $10.90, versus a $16.68 median fair value across its 10 active models — 53.0% above the current price. QOC: 7.1/10. Value Trap Risk: 14/100 (SAFE). 10/13 models active. Within that set, the Bayesian DCF component alone returns $62.68.

Key Facts

Ticker
KNOP
Price
$10.90
Quality Score
7.1/10
Value Trap Risk
14/100
Models Active
10/13
Last Updated
Strength: Bayesian DCF suggests +475.0% upside with 64% confidence
Risk: Limited model coverage (10/13) may reduce confidence

Is KNOT Offshore Partners LP (KNOP) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, KNOT Offshore Partners LP (KNOP) appears undervalued as of : the median of 10 independent fair value estimates is $16.68, 53.0% above the current price of $10.90. Estimates range from $3.29 to $62.68. KNOP scores 7.1/10 on fundamental quality and 14/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. KNOP’s +53.0% gap is wider than that market norm, and the Oil & Gas Midstream sector median is -12.7%. 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 KNOT Offshore Partners LP Stock in 2026? →

What Fair Value Does Each Model Give KNOP?

10 Intrinsic Value Models vs. Current Price ($10.90)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $62.68 +475.0%
Intrinsic · High Conviction
 $8.54 -21.6%
Ensemble · Low Conviction
 $27.51 +152.4%
Intrinsic · High Conviction
 $13.14 +20.6%
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What Is KNOP's Fair Value Range?

Spread across 10 independent models · $3.29 to $62.68

CirclFi's 10 active models place KNOT Offshore Partners LP (KNOP) between $3.29 and $62.68 per share, a spread of 356% of the median. The median of that range — $16.68 — is the fair value CirclFi publishes for KNOP, against a current price of $10.90.

Low · Markov DDMHigh · Bayesian DCF
$3.29median $16.68$62.68
Where the range comes from
Most bearish modelMarkov DDM$3.29
Most bullish modelBayesian DCF$62.68
Model agreement6 bullish · 4 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 KNOP. 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 KNOP, not a CirclFi price target. How each model works →

What Is KNOT Offshore Partners LP (KNOP) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, our multi-model framework produces a cautiously optimistic read on KNOT Offshore Partners LP at $10.90. With an estimated intrinsic value of $16.68 and 6 of 10 models pointing higher, the median implied return is +53.0%. The most optimistic model, Bayesian DCF, places fair value at $62.68 (+475.0%), while Markov DDM — the most conservative — estimates $3.29 (-69.8%). This +544.8% gap reflects genuine analytical uncertainty about KNOT Offshore Partners LP's intrinsic worth.

What Do the Models Say About KNOP?

10 of 13 models are currently active for KNOP. Of these, 6 models suggest upside while 4 models suggest overvaluation. Taken together, their median fair value for KNOP is $16.68 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $62.68 on its own, implying +475.0% upside from the current price. See which stocks rank higher →

How Does KNOP Rank in Oil & Gas Midstream?

Among 55 Oil & Gas Midstream stocks, KNOP ranks #34 by Quality of Company score. CirclFi's QOC score of 7.1/10 evaluates 32 fundamental signals. A score of 7.1 indicates above-average quality.

See all Most Undervalued Oil & Gas Midstream Stocks →

KNOT Offshore Partners LP's positioning within the Oil & Gas Midstream segment means that reserve life index plays an outsized role in fundamental analysis. The sector's unique characteristics — including energy transition positioning — shape both the opportunity set and risk profile.

Is KNOP a Value Trap?

CirclFi's Value Trap algorithm assigns KNOP a score of 14/100 (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

10 of 13 models are active for KNOT Offshore Partners LP. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, KNOT Offshore Partners LP earns a quality score of 7.1/10. This respectable rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency.

The gap between the most bullish and bearish model spans +544.8% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every KNOP 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 KNOP's 10 active models, average confidence is 45%. Lower confidence may reflect limited history or high volatility.

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 KNOT Offshore Partners LP 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

STNGScorpio Tankers Inc.QOC 7.3NATNordic American Tankers LimitedQOC 6.7VGVenture Global, Inc.QOC 7.3VNOMViper Energy, Inc.QOC 6.7KNTKKinetik Holdings Inc.QOC 7.4TENTsakos Energy Navigation LimitedQOC 6.4PBTPermian Basin Royalty TrustQOC 5.1INSWInternational Seaways, Inc.QOC 8.5MPLXMPLX LPQOC 8.0HESMHess Midstream LPQOC 9.2FLNGFLEX LNG Ltd.QOC 9.0

Read investment analysis: STNG · NAT · VG · VNOM · KNTK · TEN · PBT · INSW · MPLX · HESM · FLNG

Which Other Stocks Have a Similar Quality Score to KNOP?

7 companies across all industries closest to KNOP’s Quality of Company score of 7.1/10.

SHENShenandoah Telecommunications CompanyQOC 7.1GNWGenworth Financial, Inc.QOC 7.1MCHBMechanics BancorpQOC 7.1RBLXRoblox CorporationQOC 7.1IARTIntegra LifeSciences Holdings CorporationQOC 7.1BRLTBrilliant Earth Group, Inc.QOC 7.1NVDANVIDIA CorporationQOC 10.0

Read investment analysis: SHEN · GNW · MCHB · RBLX · IART · BRLT · NVDA

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

KNOP 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 KNOT Offshore Partners LP’s Valuation?

What is KNOT Offshore Partners LP's intrinsic value in 2026?

CirclFi puts KNOT Offshore Partners LP (KNOP)'s intrinsic value at $16.68 — the median of 10 independent model estimates as of 2026-08-28, ranging from $3.29 to $62.68. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $62.68 on its own. The Quality of Company score is 7.1/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is KNOP overvalued or undervalued right now?

At $10.90, 6 of 10 active models suggest KNOP may be undervalued, while 4 indicate potential overvaluation. The median of all 10 fair value estimates is $16.68, 53.0% above the current price of $10.90 — a consensus view that KNOP is undervalued. The assessment depends on which methodology best fits KNOT Offshore Partners LP's business model in Oil & Gas Midstream.

What does a Quality of Company score of 7.1 mean for KNOP?

KNOT Offshore Partners LP's QOC of 7.1/10 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 KNOP?

CirclFi analyzes KNOP 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 10 of 13 are active for this stock. Read the full methodology →

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

Of the 10 models currently active on KNOP, Bayesian DCF is the most bullish at $62.68 per share, and Markov DDM is the most bearish at $3.29. CirclFi's published fair value for KNOP is the median of that range, $16.68, not either extreme. The gap between the two ends equals 356% 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 KNOP a value trap in 2026?

KNOT Offshore Partners LP's Value Trap score is 14/100 (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 10-model valuation engine, KNOT Offshore Partners LP (KNOP) has a median fair value of $16.68 — 53.0% above the current price of $10.90 — as of 2026-08-28.” Source: circlfi.com/stock/KNOP/ · Methodology
Primary sources for this KNOP valuation
  • Financial statements: KNOT Offshore Partners LP 10-K and 10-Q filings on SEC EDGAR (CIK 0001564180) — 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 KNOP as of ; valuations recomputed .

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