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Energy

Data cutoff intraday
All research on Energy
Modeled fair value
XLE · US Energy Sector
-0.7Somewhat expensive
6080100120140160FAIRMARKET
P10–P90P25–P75Median fair valueToday's market price = 100

Today’s price sits at the 61.4th percentile of modeled fair value 39% of modeled scenarios put fair value above the market.

Median fair value
94.0
index, market = 100
Upside to median
-6.0%
Last close
$63.75
2026-08-20
Confidence
high
82/100
Modeled returns

Return distributions, not point forecasts

Percentiles describe the spread of scenario outcomes under the stated method. The width of the range carries as much information as the midpoint.

One year

modeled
P90
+16.0%
P75
+10.0%
Median
+3.3%
P25
-0.4%
P10
-6.2%

68% of modeled scenarios end positive.

Scenario model combining sustainable economic return, partial valuation convergence, and asset-specific uncertainty; not a price target.

Three years, annualised

modeled
P90
+7.9%
P75
+6.4%
Median
+4.6%
P25
+3.7%
P10
+2.2%

Three-year annualized scenario model with slower valuation convergence and reduced short-horizon noise.

Against the Treasury hurdle

1y Treasury
4.00%
Expected excess
-0.7%
Basis
direct

DGS1 is the preferred current annual hurdle; expected excess is modeled and not guaranteed.

Instruments

5 in this asset class

SymbolValuationFair valueLast close1y modeled
USO
US Crude Oil
-0.7Somewhat expensive94.0$134.54+3.3%
BNO
Brent Crude Oil
-0.7Somewhat expensive94.0$53.49+3.3%
UNG
Natural Gas
-0.7Somewhat expensive94.0$10.01+3.3%
XLE
US Energy Sector
-0.7Somewhat expensive94.0$63.75+3.3%
XOP
Oil and Gas Producers
-0.7Somewhat expensive94.0$187.45+3.3%