United States Natural Gas Fund LP (UNG) Fair Value 2026 — DCF & Multi-Method Analysis | EvidInvest | EvidInvest

UNG — Fair Value Analysis

United States Natural Gas Fund LP

Current: $10.10Undervalued

Fair Value Range

Bear Case (25th pct.)

$20.20

100.0% vs price

Base Case (Median)

$33.66

233.3% vs price

Bull Case (75th pct.)

$35.69

253.4% vs price

$20.20$33.66$35.69

◇ = Current price | |Bear |Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
DCF (Discounted Cash Flow)	$6.74	-33.3%	High (40%)
PE Comparable	$37.72	273.5%	Medium (25%)
Graham Number	$33.66	233.2%	High (80%)

Interpretation

Based on 3 out of 8 methods, UNG appears undervalued at the current price of $10.10. The base case fair value of $33.66 implies 233.3% upside.

Bear/base/bull cases represent the 25th, 50th, and 75th percentile of available method estimates. This is not financial advice. Valuation is inherently uncertain.