Valhi Inc. Common Stock (VHI)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look first for a durable business at a sensible price. Valhi is a chemicals and industrial holding company, chiefly TiO2 pigments under KRONOS, plus component products and real estate. TiO2 is a commodity chemical; pricing is cyclical and competition is intense. That limits any wide moat. The record is uneven: fiscal 2024 earned $108.0 million, or $3.79 per diluted share, while fiscal 2025 lost $57.6 million, or $2.02 per diluted share. Fiscal Q3 2025 lost $22.2 million, or $0.78 per diluted share, but fiscal Q1 2026 earned $2.0 million, or $0.07, and fiscal Q2 2026 earned $22.3 million, or $0.78. So the Lynch category is a turnaround—loss in the latest year after earlier profits—and the recent quarters support that label.

In plain English: Valhi makes titanium dioxide pigments—white ingredients used in paint, plastics, and paper—and also has component-products and real-estate businesses. The business looks uneven: fiscal 2025 (the year ended 2025-12-31) lost $57.6 million, but fiscal Q2 2026 (the quarter ended 2026-06-30) earned $22.3 million. At $14.36 on 2026-10-13, the stock trades below the value of its accounting net assets, which makes it look cheap on assets but not clearly cheap given its unstable profits.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer