<div id="readability-page-1"><div><ul> <li>For investors wondering whether Karman Holdings at around US$101.28 represents an opportunity or is already fully valued, this article walks through what the numbers may indicate about the stock.</li> <li>The share price has been active recently, with returns of 38.4% over the past 7 days, 58.9% over the past 30 days and 31.8% year to date. These movements can influence how you think about potential upside and risk.</li> <li>Recent coverage of Karman Holdings has focused on its listing on the NYSE and growing investor attention to the business. This helps explain why the share price has moved sharply in a short period. This context matters because changes in visibility and sentiment can shift how the market is willing to price the same fundamentals.</li> <li>Simply Wall St currently assigns Karman Holdings a valuation score of 0/6. Next, we will look at different valuation approaches that contribute to this result, followed by a way to think about valuation that may provide a fuller picture than any single model on its own.</li> </ul> <p>Karman Holdings scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.</p> <h3>Approach 1: Karman Holdings Discounted Cash Flow (DCF) Analysis</h3> <p>A Discounted Cash Flow, or DCF, model estimates what a company might be worth by projecting its future cash flows and discounting them back to today using a required rate of return.</p> <p>For Karman Holdings, the model used is a 2 Stage Free Cash Flow to Equity approach. The latest twelve month free cash flow is a loss of US$48.67 million, so the valuation leans heavily on expectations for future cash generation rather than current cash profits.</p> <p>Analysts and extrapolated estimates point to free cash flow of US$62.97 million in 2026 and US$92.24 million in 2027, with further projections extending out to 2035. By 2035, the projected free cash flow is US$223.79 million, with each year discounted back to today to reflect risk and the time value of money.</p> <p>Aggregating all discounted cash flows gives an estimated intrinsic value of about US$26.40 per share. Compared with the recent share price around US$101.28, this DCF output suggests the stock is trading well above these cash flow assumptions, with the implied difference indicating it is 283.7% overvalued.</p> <p><strong>Result: OVERVALUED</strong></p> <p>Our Discounted Cash Flow (DCF) analysis suggests Karman Holdings may be overvalued by 283.7%. Discover 876 undervalued stocks or create your own screener to find better value opportunities.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/793ba88d-5fc6-418b-9657-db0c1153f570/chart/dcf?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/793ba88d-5fc6-418b-9657-db0c1153f570/chart/dcf"/><figcaption>KRMN Discounted Cash Flow as at Jan 2026</figcaption></figure> <p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Karman Holdings.</p> <h3>Approach 2: Karman Holdings Price vs Sales</h3> <p>For companies where earnings can be small or volatile, the P/S ratio is often a practical way to think about what you are paying for each dollar of revenue. It sidesteps short term swings in profit, while still anchoring the valuation to the current scale of the business.</p> <p>What investors are willing to pay on a P/S basis usually reflects a mix of growth expectations and risk. Higher expected growth or lower perceived risk can justify a higher multiple, while slower expected growth or higher risk tends to point to a lower, more conservative multiple.</p> <p>Karman Holdings currently trades on a P/S of 31.29x, compared with an Aerospace &amp; Defense industry average P/S of 3.70x and a peer group average of 7.91x. Simply Wall St’s Fair Ratio for Karman Holdings is 5.92x. This Fair Ratio is a proprietary estimate of what the P/S might be, after weighing factors such as earnings growth, industry, profit margins, market cap and identified risks.</p> <p>Because it adjusts for these company specific features, the Fair Ratio can be more informative than a simple comparison against peers or the broad industry. Set against the current 31.29x P/S, the Fair Ratio of 5.92x indicates that Karman Holdings is trading at a much richer level than those fundamentals alone might support.</p> <p><strong>Result: OVERVALUED</strong></p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/793ba88d-5fc6-418b-9657-db0c1153f570/chart/ps-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/793ba88d-5fc6-418b-9657-db0c1153f570/chart/ps-multiple-vs-industry"/><figcaption>NYSE:KRMN P/S Ratio as at Jan 2026</figcaption></figure> <p>P/S ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1445 companies where insiders are betting big on explosive growth.</p> <h3>Upgrade Your Decision Making: Choose your Karman Holdings Narrative</h3> <p>Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, which let you tell a clear story about Karman Holdings by linking your view of its business to explicit forecasts for revenue, earnings, margins and a fair value estimate. On Simply Wall St’s Community page, you can set up a Narrative that connects your assumptions to a forecast model, compare the fair value that drops out of that model to the current share price, and use that gap to help decide whether you see Karman as closer to an opportunity or a holding to be cautious with. Narratives are kept current because they refresh automatically when new information like earnings releases or news is added, so your story and numbers stay aligned without extra effort. For example, some Karman Holdings Narratives on the Community page use very optimistic revenue growth and margin assumptions that lead to a fair value well above US$101.28, while others use more cautious inputs that result in a fair value well below that price.</p> <p>Do you think there's more to the story for Karman Holdings? Head over to our Community to see what others are saying!</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/793ba88d-5fc6-418b-9657-db0c1153f570/chart/quote-price?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/793ba88d-5fc6-418b-9657-db0c1153f570/chart/quote-price"/><figcaption>NYSE:KRMN 1-Year Stock Price Chart</figcaption></figure> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p></div></div>

KRMN

<p>Karman Holdings (KRMN) has seen a significant share price surge, rising 38.4% in the past week and 58.9% over the last month, currently priced at approximately US$101.28. However, a Discounted Cash Flow analysis suggests it is overvalued by 283.7%, with an intrinsic value estimated at US$26.40 per share. Additionally, its Price-to-Sales ratio stands at 31.29x, far exceeding industry averages, indicating a rich valuation. Analysts express caution, highlighting potential risks and the need for a deeper understanding of the company's financial health and future cash flow projections.</p>

Has Karman Holdings (KRMN) Run Too Far After NYSE Listing And Rapid Share Price Surge?