Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
High Arctic Energy ServicesHGHAF +3.03%34 EV-to-EBITDA is 3.28 as of Aug. 13, 2026, which is 3% above its 10-year median of 3.17. GuruFocus rates HGHAF with a GF Score™ of 34/100 and a GF Value™ of $0.84 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 768 Oil & Gas companies, High Arctic Energy Services ranks better than 86.07% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, High Arctic Energy Services's enterprise value is $9.40 Mil.
High Arctic Energy Services's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $2.86 Mil. Therefore, High Arctic Energy Services's EV-to-EBITDA for today is 3.28.
The historical rank and industry rank for High Arctic Energy Services's EV-to-EBITDA or its related term are showing as below:
HGHAF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -115.33 Med: 3.17 Max: 55.29
Current: 3.28
During the past 13 years, the highest EV-to-EBITDA of High Arctic Energy Services was 55.29. The lowest was -115.33. And the median was 3.17.
HGHAF's EV-to-EBITDA is ranked better than 86.07% of 768
companies
in the Oil & Gas industry
Industry Median: 7.45
vs HGHAF: 3.28
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
High Arctic Energy Services (OTCPK:HGHAF) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
High Arctic Energy Services's PE Ratio (TTM) for today is calculated as:
High Arctic Energy Services's share price for today is $0.68.
High Arctic Energy Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.080.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Equipment & Services subindustry, High Arctic Energy Services's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
High Arctic Energy Services EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, High Arctic Energy Services's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where High Arctic Energy Services's EV-to-EBITDA falls into.
High Arctic Energy Services's current Enterprise Value is $9.40 Mil.
High Arctic Energy Services's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.86 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
High Arctic Energy Services (HGHAF) has a EV-to-EBITDA of 3.28 as of Aug. 13, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on High Arctic Energy Services. This is near median its historical median of 3.17. According to the industry distribution chart, High Arctic Energy Services ranks #107 out of 768 companies in the Oil & Gas industry, placing it in the top 13.9%.
Is High Arctic Energy Services' EV-to-EBITDA too high?
High Arctic Energy Services' current EV-to-EBITDA of 3.28 is near median its 10-year median of 3.17. The Oil & Gas industry median EV-to-EBITDA is 7.45. High Arctic Energy Services' value of 3.28 is 56% below this industry median. Based on the distribution chart, High Arctic Energy Services ranks #107 out of 768 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, High Arctic Energy Services has a GF Score™ of 34/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does High Arctic Energy Services' EV-to-EBITDA compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, High Arctic Energy Services ranks #107 out of 768 companies for EV-to-EBITDA. This places High Arctic Energy Services in the top 14% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 7.45. High Arctic Energy Services' value of 3.28 is 56% below this benchmark. While the company's 10-year median is 3.17 vs. the industry median of 7.45, High Arctic Energy Services has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.45, based on 768 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. High Arctic Energy Services's current EV-to-EBITDA of 3.28 is 56% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on High Arctic Energy Services. For the Oil & Gas industry, the median EV-to-EBITDA is 7.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Arctic Energy Services's current EV-to-EBITDA is 3.28, which is near median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Arctic Energy Services stock overvalued right now?
Based on GuruFocus' analysis, High Arctic Energy Services (HGHAF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.84, compared to a current price of $0.68 — trading 19% below its estimated fair value. The current EV-to-EBITDA is 3.28, which is near median its 10-year median of 3.17 and 56% below the Oil & Gas industry median of 7.45. High Arctic Energy Services' overall GF Score™ is 34/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For High Arctic Energy Services (HGHAF), the current EV-to-EBITDA is 3.28 as of Aug. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is High Arctic Energy Services (HGHAF) Overvalued in 2026?
Based on GuruFocus' analysis, High Arctic Energy Services stock appears to be undervalued.
The current stock price of $0.68 is trading 19% below its estimated GF Value™ of $0.84.
GuruFocus considers High Arctic Energy Services to be Modestly Undervalued.
Key valuation signals for HGHAF:
EV-to-EBITDA: 3.28 (near median its 10-year median of 3.17)
GF Value™: $0.84 vs. price of $0.68 (19% below fair value)
Industry Position: 56% below the Oil & Gas median (#107 of 768)
No single metric tells the full story. See the HGHAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
High Arctic Energy Services Inc is engaged in providing contract drilling, well servicing, completion services, equipment rentals, and other oilfield services to the oil and natural gas industry in Papua New Guinea and Canada. The operating segments of the company are the Drilling Services segment, which consists of drilling services; the Production Services segment, which consists of well servicing and snubbing services and the Rental Services segment consists of High Arctic's oilfield rental equipment of pressure control and other oilfield equipment to exploration and production companies in Canada. The Rental Services segment generates the majority company's revenue.
34GF Score
Get the complete analysis for HGHAF
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HGHAF has been successfully added to your 
