Diamondback Energy looks cheaper on two of the three valuation measures in this snapshot. That gives it the edge by the majority rule, while Viper Energy has the lower PEG and higher dividend yield.
Diamondback Energy Inc. (FANG) and Viper Energy (VNOM) are both in the energy sector, but their valuation figures differ. At the latest adjusted closes, on November 2, 2026, FANG traded at US$199.74, with a market cap of US$59.4 billion. VNOM traded at US$45.72, with a market cap of US$17.1 billion. Share prices alone don’t show which stock is cheaper, so this comparison looks at the supplied P/E, PEG and P/B figures.
Investor takeaway: FANG has the lower P/E and P/B, while VNOM has the lower PEG. FANG therefore looks cheaper on two of the three measures. That doesn’t prove FANG is undervalued, show which company has better prospects or account for differences between their businesses. Dividend yields and trailing returns on equity add context, but they don’t settle the valuation question.
Stocks in this list
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Diamondback Energy Inc
FANG.US
Energy
$199.74
$59.39B
1D
-5.82%
1W
-3.57%
Viper Energy Ut
VNOM.US
Energy
$45.72
$17.13B
1D
-4.11%
1W
-3.05%
FANG is cheaper on two of three valuation measures
FANG’s P/E is 40.4, compared with 2,384.0 for VNOM. Its P/B is 1.48, versus 1.74 for VNOM. VNOM has the lower PEG at 0.93, compared with 10.36 for FANG. The measures are mixed, but FANG has the lower reading on two of the three. These ratios alone don’t show that either stock is undervalued.
Bull case
FANG’s lower P/E and P/B, along with its 2.06% dividend yield, may appeal to investors comparing these figures. Its trailing ROE is also higher than VNOM’s: 3.5% versus 1.1% in this snapshot.
Bear case
FANG’s PEG of 10.36 is much higher than VNOM’s 0.93, so it doesn’t look cheaper on every measure. Valuation ratios and analyst ratings don’t guarantee future performance.
The valuation picture is mixed
FANG has the lower P/E, at 40.4 compared with VNOM’s 2,384.0, and the lower P/B, at 1.48 versus 1.74. VNOM has the lower PEG, at 0.93 compared with FANG’s 10.36. The supplied measures favour FANG in two of the three comparisons, but the difference is worth keeping in mind. A lower ratio is a relative reading from this snapshot, not proof that a stock is undervalued or the right fit for you. For company details, see Diamondback Energy and Viper Energy.
Yield, returns and analyst context
VNOM’s dividend yield is 5.23%, higher than FANG’s 2.06%. FANG’s trailing ROE is 3.5%, compared with 1.1% for VNOM. Both stocks have a Strong Buy analyst consensus label in the supplied table. The listed analyst targets are US$239.45 for FANG and US$55.20 for VNOM. These figures add context, but they don’t resolve the mixed valuation picture or guarantee an outcome. This is a point-in-time comparison based on adjusted closing prices from November 2, 2026.
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