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Source Energy ServicesTSX:SHLE -0.08%69 EV-to-OCF is 5.41 as of Aug. 11, 2026, which is 22% above its 10-year median of 4.44. GuruFocus rates TSX:SHLE with a GF Score™ of 69/100 and a GF Value™ of C$11.72 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,027 Oil & Gas companies, Source Energy Services ranks better than 51.8% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Source Energy Services's Enterprise Value is C$445.6 Mil.
Source Energy Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was C$82.3 Mil. Therefore, Source Energy Services's EV-to-OCF for today is 5.41.
The historical rank and industry rank for Source Energy Services's EV-to-OCF or its related term are showing as below:
TSX:SHLE'
s EV-to-OCF Range Over the Past 10 Years
Min: -18.82 Med: 4.44 Max: 102.68
Current: 5.41
During the past 12 years, the highest EV-to-OCF of Source Energy Services was 102.68. The lowest was -18.82. And the median was 4.44.
TSX:SHLE's EV-to-OCF is ranked better than 51.8% of 1027
companies
in the Oil & Gas industry
Industry Median: 5.68
vs TSX:SHLE: 5.41
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Source Energy Services (TSX:SHLE) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Source Energy Services's PE Ratio (TTM) for today is calculated as:
Source Energy Services's share price for today is C$12.00.
Source Energy Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.970.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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, Source Energy Services's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Source Energy Services EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Source Energy Services's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Source Energy Services's EV-to-OCF falls into.
Source Energy Services's current Enterprise Value is C$445.6 Mil.
Source Energy Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$82.3 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.
Source Energy Services (TSX:SHLE) has a EV-to-OCF of 5.41 as of Aug. 11, 2026. This is 22% above median its historical median of 4.44. According to the industry distribution chart, Source Energy Services ranks #495 out of 1027 companies in the Oil & Gas industry, placing it in the top 48.2%.
Is Source Energy Services' EV-to-OCF too high?
Source Energy Services' current EV-to-OCF of 5.41 is 22% above median its 10-year median of 4.44. The Oil & Gas industry median EV-to-OCF is 5.68. Source Energy Services' value of 5.41 is 4.8% below this industry median. Based on the distribution chart, Source Energy Services ranks #495 out of 1027 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Source Energy Services has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Source Energy Services' EV-to-OCF compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Source Energy Services ranks #495 out of 1027 companies for EV-to-OCF. This puts Source Energy Services in the upper half of its industry. The industry median EV-to-OCF is 5.68. Source Energy Services' value of 5.41 is 4.8% below this benchmark. While the company's 10-year median is 4.44 vs. the industry median of 5.68, Source 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-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.68, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Source Energy Services's current EV-to-OCF of 5.41 is 4.8% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Source Energy Services's current EV-to-OCF is 5.41, which is 22% above median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Source Energy Services (TSX:SHLE) is currently considered Fairly Valued. The stock's GF Value™ is C$11.72, compared to a current price of C$12.00 — trading 2.4% above its estimated fair value. The current EV-to-OCF is 5.41, which is 22% above median its 10-year median of 4.44 and 4.8% below the Oil & Gas industry median of 5.68. Source Energy Services' overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Source Energy Services (TSX:SHLE), the current EV-to-OCF is 5.41 as of Aug. 11, 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 Source Energy Services (TSX:SHLE) Overvalued in 2026?
Based on GuruFocus' analysis, Source Energy Services stock appears to be overvalued.
The current stock price of C$12.00 is trading 2.4% above its estimated GF Value™ of C$11.72.
GuruFocus considers Source Energy Services to be Fairly Valued.
Key valuation signals for TSX:SHLE:
EV-to-OCF: 5.41 (22% above median its 10-year median of 4.44)
GF Value™: C$11.72 vs. price of C$12.00 (2.4% above fair value)
Industry Position: 4.8% below the Oil & Gas median (#495 of 1027)
No single metric tells the full story. See the TSX:SHLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Source Energy Services Ltd is a Canada-based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin, United States, and Peace River, Alberta, Canada mines and processing facilities, its Western Canadian terminal network, and its last-mile logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. The geographical segments of the group are the USA Operations and Canadian Operations.
69GF Score
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