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Western Energy ServicesTSX:WRG -0.86%48 EV-to-OCF is 3.79 as of Sep. 17, 2026, which is 54% below its 10-year median of 8.19. GuruFocus rates TSX:WRG with a GF Score™ of 48/100 and a GF Value™ of C$2.51 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,022 Oil & Gas companies, Western Energy Services ranks better than 61.74% on this metric.
The historical rank and industry rank for Western Energy Services's EV-to-OCF or its related term are showing as below:
TSX:WRG'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.57 Med: 8.19 Max: 36.33
Current: 3.82
During the past 13 years, the highest EV-to-OCF of Western Energy Services was 36.33. The lowest was 3.57. And the median was 8.19.
TSX:WRG's EV-to-OCF is ranked better than 61.74% of 1022
companies
in the Oil & Gas industry
Industry Median: 5.865
vs TSX:WRG: 3.82
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.
Western Energy Services (TSX:WRG) 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.
Western Energy Services's PE Ratio (TTM) for today is calculated as:
Western Energy Services's share price for today is C$3.44.
Western Energy Services's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.765.
* 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 Drilling subindustry, Western 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.
Western Energy Services EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Western Energy Services's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Western Energy Services's EV-to-OCF falls into.
Western Energy Services's current Enterprise Value is C$186.6 Mil.
Western 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$49.3 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.
Western Energy Services (TSX:WRG) has a EV-to-OCF of 3.79 as of Sep. 17, 2026. This is 54% below median its historical median of 8.19. Over the past decade, Western Energy Services' EV-to-OCF has ranged from 3.57 to 36.33. According to the industry distribution chart, Western Energy Services ranks #391 out of 1022 companies in the Oil & Gas industry, placing it in the top 38.3%.
Is Western Energy Services' EV-to-OCF too high?
Western Energy Services' current EV-to-OCF of 3.79 is 54% below median its 10-year median of 8.19. Over the past 10 years, this metric has ranged from a low of 3.57 to a high of 36.33. The Oil & Gas industry median EV-to-OCF is 5.87. Western Energy Services' value of 3.79 is 35.4% below this industry median. Based on the distribution chart, Western Energy Services ranks #391 out of 1022 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Western Energy Services has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Energy Services' EV-to-OCF compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Western Energy Services ranks #391 out of 1022 companies for EV-to-OCF. This puts Western Energy Services in the upper half of its industry. The industry median EV-to-OCF is 5.87. Western Energy Services' value of 3.79 is 35.4% below this benchmark. Historically, Western Energy Services' own EV-to-OCF has ranged from 3.57 to 36.33 over the past decade. While the company's 10-year median is 8.19 vs. the industry median of 5.87, Western 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 5.87, based on 1,022 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. Western Energy Services's current EV-to-OCF of 3.79 is 35.4% 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 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Energy Services's current EV-to-OCF is 3.79, which is 54% below median its own 10-year median of 8.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Energy Services stock overvalued right now?
Based on GuruFocus' analysis, Western Energy Services (TSX:WRG) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.51, compared to a current price of C$3.44 — trading 37.1% above its estimated fair value. The current EV-to-OCF is 3.79, which is 54% below median its 10-year median of 8.19 and 35.4% below the Oil & Gas industry median of 5.87. Western Energy Services' overall GF Score™ is 48/100 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 Western Energy Services (TSX:WRG), the current EV-to-OCF is 3.79 as of Sep. 17, 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 Western Energy Services (TSX:WRG) Overvalued in 2026?
Based on GuruFocus' analysis, Western Energy Services stock appears to be overvalued.
The current stock price of C$3.44 is trading 37.1% above its estimated GF Value™ of C$2.51.
GuruFocus considers Western Energy Services to be Significantly Overvalued.
Key valuation signals for TSX:WRG:
EV-to-OCF: 3.79 (54% below median its 10-year median of 8.19)
GF Value™: C$2.51 vs. price of C$3.44 (37.1% above fair value)
Industry Position: 35.4% below the Oil & Gas median (#391 of 1022)
No single metric tells the full story. See the TSX:WRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Energy Services Corp is an energy service company providing contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary in the United States. The company provides production services in Canada through its division Eagle Well Servicing (Eagle) which provides well servicing and its division Aero Rental Services (Aero), which provides rental equipment services. It operates in two segments. Contract drilling includes drilling rigs along with related ancillary equipment. Production services include well servicing rigs and related equipment, as well as rental equipment. The contract drilling segment derives the majority of the revenue.
48GF Score
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