PENN Entertainment, Inc. (PENN) Fair Value 2026

PENN · Resorts & Casinos ·

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

Quality Score

5.6 /10

32 fundamental signals · 3 models active

Value Trap Risk

SAFE (19/100)

Quick Summary — As of 2026-08-28, PENN Entertainment, Inc. (PENN) trades at $17.36, versus a $29.94 median fair value across its 3 active models — 72.4% above the current price. QOC: 5.6/10. Value Trap Risk: 19/100 (SAFE). 3/13 models active.

Key Facts

Ticker
PENN
Price
$17.36
Quality Score
5.6/10
Value Trap Risk
19/100
Models Active
3/13
Last Updated
Strength: PWERM suggests +235.3% upside with 30% confidence
Risk: Limited model coverage (3/13) may reduce confidence

Is PENN Entertainment, Inc. (PENN) Undervalued or Overvalued in 2026?

According to CirclFi’s 3-model valuation engine, PENN Entertainment, Inc. (PENN) appears undervalued as of : the median of 3 independent fair value estimates is $29.94, 72.4% above the current price of $17.36. Estimates range from $25.36 to $58.20. PENN scores 5.6/10 on fundamental quality and 19/100 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. PENN’s +72.4% gap is wider than that market norm, and the Resorts & Casinos sector median is +5.7%. 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 PENN Entertainment, Inc. Stock in 2026? →

What Fair Value Does Each Model Give PENN?

3 Intrinsic Value Models vs. Current Price ($17.36)

Core Models (Unlocked)
Model Fair Value Upside
Relative · Medium Conviction
 $29.94 +72.4%
Option-Based · Medium Conviction
 $58.20 +235.3%
Relative · Low Conviction
 $25.36 +46.1%

All Models Active

All 3 models are displayed above.

What Is PENN's Fair Value Range?

Spread across 3 independent models · $25.36 to $58.20

CirclFi's 3 active models place PENN Entertainment, Inc. (PENN) between $25.36 and $58.20 per share, a spread of 110% of the median. The median of that range — $29.94 — is the fair value CirclFi publishes for PENN, against a current price of $17.36.

Low · FTNNHigh · PWERM
$25.36median $29.94$58.20
Where the range comes from
Most bearish modelFTNN Topology$25.36
Most bullish modelPWERM$58.20
Model agreement3 bullish · 0 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 PENN. 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 PENN, not a CirclFi price target. How each model works →

What Is PENN Entertainment, Inc. (PENN) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, PENN Entertainment, Inc. is potentially undervalued at its current price of $17.36. Based on our 13-model framework, PENN Entertainment, Inc.'s intrinsic value is estimated at a median fair value of $29.94 — representing +72.4% implied upside — with 3 out of 3 active models confirming this thesis. Model dispersion is worth noting: PWERM targets $58.20 (+235.3%), versus FTNN at $25.36 (+46.1%). This +189.1% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About PENN?

3 of 13 models are currently active for PENN. All 3 active models suggest the stock trades below fair value. Taken together, their median fair value for PENN is $29.94 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does PENN Rank in Resorts & Casinos?

Among 18 Resorts & Casinos stocks, PENN ranks #16 by Quality of Company score. CirclFi's QOC score of 5.6/10 evaluates 32 fundamental signals. A score of 5.6 reflects mixed fundamentals.

PENN Entertainment, Inc. operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is PENN a Value Trap?

CirclFi's Value Trap algorithm assigns PENN a score of 19/100 (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

3 of 13 models are active for PENN Entertainment, Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, PENN Entertainment, Inc. is rated at 5.6/10. This solid-tier score maintains reasonable quality metrics with some areas for improvement.

The gap between the most bullish and bearish model spans +189.1% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every PENN 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 PENN's 3 active models, average confidence is 27%. 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 PENN Entertainment, Inc. Stock in 2026? →

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

Which Similar Resorts & Casinos Stocks Should You Also Analyze?

9 related Resorts & Casinos stocks with 13-model coverage

VACMarriott Vacations Worldwide CorporationQOC 6.2BALYBally's CorporationQOC 5.5CNTYCentury Casinos, Inc.QOC 6.3MLCOMelco Resorts & Entertainment LimitedQOC 2.8FLLFull House Resorts, Inc.QOC 6.3TBTCTable Trac, Inc.QOC 9.5MCRIMonarch Casino & Resort, Inc.QOC 9.3WYNNWynn Resorts, LimitedQOC 7.7CZRCaesars Entertainment, Inc.QOC 6.9

Read investment analysis: VAC · BALY · CNTY · MLCO · FLL · TBTC · MCRI · WYNN · CZR

Which Other Stocks Have a Similar Quality Score to PENN?

7 companies across all industries closest to PENN’s Quality of Company score of 5.6/10.

ACHRArcher Aviation Inc.QOC 5.6CLPRClipper Realty Inc.QOC 5.6ECXECARX Holdings Inc.QOC 5.6SUNESUNation Energy Inc.QOC 5.6SPAISafe Pro Group Inc.QOC 5.6MEGLMagic Empire Global LimitedQOC 5.6NVDANVIDIA CorporationQOC 10.0

Read investment analysis: ACHR · CLPR · ECX · SUNE · SPAI · MEGL · NVDA

What Else Do Investors Ask About PENN Entertainment, Inc.’s Valuation?

What is PENN Entertainment, Inc.'s intrinsic value in 2026?

CirclFi puts PENN Entertainment, Inc. (PENN)'s intrinsic value at $29.94 — the median of 3 independent model estimates as of 2026-08-28, ranging from $25.36 to $58.20. The Quality of Company score is 5.6/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is PENN overvalued or undervalued right now?

At $17.36, 3 of 3 active models suggest PENN may be undervalued, while 0 indicate potential overvaluation. The median of all 3 fair value estimates is $29.94, 72.4% above the current price of $17.36 — a consensus view that PENN is undervalued. The assessment depends on which methodology best fits PENN Entertainment, Inc.'s business model in Resorts & Casinos.

What does a Quality of Company score of 5.6 mean for PENN?

PENN Entertainment, Inc.'s QOC of 5.6/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on PENN?

CirclFi analyzes PENN 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 3 of 13 are active for this stock. Read the full methodology →

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

Of the 3 models currently active on PENN, PWERM is the most bullish at $58.20 per share, and FTNN Topology is the most bearish at $25.36. CirclFi's published fair value for PENN is the median of that range, $29.94, not either extreme. The gap between the two ends equals 110% 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 PENN a value trap in 2026?

PENN Entertainment, Inc.'s Value Trap score is 19/100 (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 3-model valuation engine, PENN Entertainment, Inc. (PENN) has a median fair value of $29.94 — 72.4% above the current price of $17.36 — as of 2026-08-28.” Source: circlfi.com/stock/PENN/ · Methodology
Primary sources for this PENN valuation
  • Financial statements: PENN Entertainment, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0000921738) — 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 PENN as of ; valuations recomputed .