Navios Maritime Partners L.P. (NMM) Fair Value 2026

NMM · Marine Shipping ·

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

Quality Score

7.7 /10

32 fundamental signals · 10 models active

Value Trap Risk

SAFE (0/100)

Quick Summary — As of 2026-10-07, Navios Maritime Partners L.P. (NMM) trades at $91.38, versus a $98.29 median fair value across its 10 active models — 7.6% above the current price. QOC: 7.7/10. Value Trap Risk: 0/100 (SAFE). 10/13 models active.

Key Facts

Ticker
NMM
Price
$91.38
Quality Score
7.7/10
Value Trap Risk
0/100
Models Active
10/13
Last Updated
Strength: First Chicago suggests +159.3% upside with 57% confidence
Risk: Limited model coverage (10/13) may reduce confidence

Is Navios Maritime Partners L.P. (NMM) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, Navios Maritime Partners L.P. (NMM) appears fairly valued as of : the median of 10 independent fair value estimates is $98.29, within 7.6% of the current price of $91.38. Estimates range from $1.51 to $236.95. NMM scores 7.7/10 on fundamental quality and 0/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -20.1% versus its own 13-model consensus, across 3,777 rated companies as of 2026-10-07. NMM’s +7.6% gap is narrower than that market norm, and the Marine Shipping sector median is -10.0%. 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 Navios Maritime Partners L.P. Stock in 2026? →

What Fair Value Does Each Model Give NMM?

10 Intrinsic Value Models vs. Current Price ($91.38)

Core Models (Unlocked)
Model Fair Value Upside
Ensemble · Low Conviction
 $113.03 +23.7%
Scenario · High Conviction
 $236.95 +159.3%
Intrinsic · High Conviction
 $143.52 +57.1%
Asset-Based · High Conviction
 $22.10 -75.8%
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What Is NMM's Fair Value Range?

Spread across 10 independent models · $1.51 to $236.95

CirclFi's 10 active models place Navios Maritime Partners L.P. (NMM) between $1.51 and $236.95 per share, a spread of 240% of the median. The median of that range — $98.29 — is the fair value CirclFi publishes for NMM, against a current price of $91.38.

Low · Markov DDMHigh · First Chicago
$1.51median $98.29$236.95
Where the range comes from
Most bearish modelMarkov DDM$1.51
Most bullish modelFirst Chicago$236.95
Model agreement5 bullish · 5 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 NMM. 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 NMM, not a CirclFi price target. How each model works →

What Is Navios Maritime Partners L.P. (NMM) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Navios Maritime Partners L.P.'s intrinsic value is estimated at $98.29, presenting a divided outlook at the current price of $91.38. With a median implied return of +7.6% across a split 5–5 (bull–bear) consensus, the model spread of +257.7% underscores analytical uncertainty. Notably, First Chicago sees the most upside at +159.3% (fair value: $236.95), while Markov DDM is the most conservative at -98.4% ($1.51). The spread between these extremes — +257.7% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About NMM?

10 of 13 models are currently active for NMM. Of these, 5 models suggest upside while 5 models suggest overvaluation. Taken together, their median fair value for NMM is $98.29 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does NMM Rank in Marine Shipping?

Among 37 Marine Shipping stocks, NMM ranks #11 by Quality of Company score. CirclFi's QOC score of 7.7/10 evaluates 32 fundamental signals. A score of 7.7 indicates above-average quality.

Navios Maritime Partners L.P.'s positioning within the Marine Shipping segment means that EBIT per unit plays an outsized role in fundamental analysis. The sector's unique characteristics — including fleet renewal cycle — shape both the opportunity set and risk profile.

Is NMM a Value Trap?

CirclFi's Value Trap algorithm assigns NMM 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

10 of 13 models are active for Navios Maritime Partners L.P.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Navios Maritime Partners L.P. scores 7.7 out of 10 on our 32-signal quality assessment, a strong rating that demonstrates strong fundamentals across the majority of our quality signals. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +257.7% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every NMM 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 NMM's 10 active models, average confidence is 37%. 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 Navios Maritime Partners L.P. Stock in 2026? →

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

Which Similar Marine Shipping Stocks Should You Also Analyze?

10 related Marine Shipping stocks with 13-model coverage

NCTIntercont (Cayman) LimitedQOC 7.7DSXDiana Shipping Inc.QOC 7.6SBLKStar Bulk Carriers Corp.QOC 8.1ECOOkeanis Eco Tankers Corp.QOC 7.6PANLPangaea Logistics Solutions Ltd.QOC 8.2CTRMCastor Maritime Inc.QOC 7.4GNKGenco Shipping & Trading LimitedQOC 6.8EDRYEuroDry Ltd.QOC 5.3GSLGlobal Ship Lease, Inc.QOC 9.3CMRECostamare Inc.QOC 9.1

Read investment analysis: NCT · DSX · SBLK · ECO · PANL · CTRM · GNK · EDRY · GSL · CMRE

Which Other Stocks Have a Similar Quality Score to NMM?

7 companies across all industries closest to NMM’s Quality of Company score of 7.7/10.

BABAAlibaba Group Holding LimitedQOC 7.7VRTSVirtus Investment Partners, Inc.QOC 7.7CFFIC&F Financial CorporationQOC 7.7SCHLScholastic CorporationQOC 7.7SBSISouthside Bancshares, Inc.QOC 7.7RHIRobert Half Inc.QOC 7.7NVDANVIDIA CorporationQOC 10.0

Read investment analysis: BABA · VRTS · CFFI · SCHL · SBSI · RHI · NVDA

What Else Do Investors Ask About Navios Maritime Partners L.P.’s Valuation?

What is Navios Maritime Partners L.P.'s intrinsic value in 2026?

CirclFi puts Navios Maritime Partners L.P. (NMM)'s intrinsic value at $98.29 — the median of 10 independent model estimates as of 2026-10-07, ranging from $1.51 to $236.95. The Quality of Company score is 7.7/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is NMM overvalued or undervalued right now?

At $91.38, 5 of 10 active models suggest NMM may be undervalued, while 5 indicate potential overvaluation. The median of all 10 fair value estimates is $98.29, within 7.6% of the current price of $91.38 — a consensus view that NMM is fairly valued. The assessment depends on which methodology best fits Navios Maritime Partners L.P.'s business model in Marine Shipping.

What does a Quality of Company score of 7.7 mean for NMM?

Navios Maritime Partners L.P.'s QOC of 7.7/10 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 NMM?

CirclFi analyzes NMM 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 NMM?

Of the 10 models currently active on NMM, First Chicago is the most bullish at $236.95 per share, and Markov DDM is the most bearish at $1.51. CirclFi's published fair value for NMM is the median of that range, $98.29, not either extreme. The gap between the two ends equals 240% 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 NMM a value trap in 2026?

Navios Maritime Partners L.P.'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 10-model valuation engine, Navios Maritime Partners L.P. (NMM) has a median fair value of $98.29 — within 7.6% of the current price of $91.38 — as of 2026-10-07.” Source: circlfi.com/stock/NMM/ · Methodology
Primary sources for this NMM valuation
  • Financial statements: Navios Maritime Partners L.P. 10-K and 10-Q filings on SEC EDGAR (CIK 0001415921) — 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 NMM as of ; valuations recomputed .

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