Calfrac Well Services (TSX:CFW) Enterprise Value: C$796 Mil (As of Jul. 12, 2026) ***


TSX:CFW Calfrac Well Services Ltd TSX:CFW
48 GF Score
Price C$6.19
GF Value C$2.96
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Calfrac Well Services Enterprise Value?

Calfrac Well Services TSX:CFW +3.86% 48 Enterprise Value is C$796 Mil as of Jul. 12, 2026. GuruFocus rates TSX:CFW with a GF Score™ of 48/100 and a GF Value™ of C$2.96 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Calfrac Well Services's Enterprise Value is C$796 Mil. Calfrac Well Services's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was C$98 Mil. Therefore, Calfrac Well Services's EV-to-EBIT ratio for today is 8.10.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Calfrac Well Services's Enterprise Value is C$796 Mil. Calfrac Well Services's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was C$221 Mil. Therefore, Calfrac Well Services's EV-to-EBITDA ratio for today is 3.60.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Calfrac Well Services's Enterprise Value is C$796 Mil. Calfrac Well Services's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was C$1,323 Mil. Therefore, Calfrac Well Services's EV-to-Revenue ratio for today is 0.60.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Calfrac Well Services's Enterprise Value is C$796 Mil. Calfrac Well Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was C$244 Mil. Therefore, Calfrac Well Services's EV-to-OCF ratio for today is 3.26.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Calfrac Well Services's Enterprise Value is C$796 Mil. Calfrac Well Services's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$138 Mil. Therefore, Calfrac Well Services's EV-to-FCF ratio for today is 5.75.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Calfrac Well Services  (TSX:CFW) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Calfrac Well Services's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=795.743/98.243
=8.10

Calfrac Well Services's current Enterprise Value is C$796 Mil.
Calfrac Well Services's EBIT 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 C$98 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Calfrac Well Services's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=795.743/221.301
=3.60

Calfrac Well Services's current Enterprise Value is C$796 Mil.
Calfrac Well 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 C$221 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Calfrac Well Services's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=795.743/1323.241
=0.60

Calfrac Well Services's current Enterprise Value is C$796 Mil.
Calfrac Well Services's Revenue 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 C$1,323 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Calfrac Well Services's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=795.743/243.883
=3.26

Calfrac Well Services's current Enterprise Value is C$796 Mil.
Calfrac Well Services's Cash Flow from Operations 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 C$244 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Calfrac Well Services's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=795.743/138.34
=5.75

Calfrac Well Services's current Enterprise Value is C$796 Mil.
Calfrac Well Services's Free Cash Flow 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 C$138 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.


Calfrac Well Services Enterprise Value Related Terms


Calfrac Well Services Enterprise Value Historical Data

* Premium members only.

The historical data trend for Calfrac Well Services's Enterprise Value can be seen below:

* 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.

Calfrac Well Services Enterprise Value Chart

Calfrac Well Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 568.74 838.89 624.21 625.79 627.75

Calfrac Well Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 679.35 615.92 626.81 627.75 831.33

TSX:CFW vs SLB, BKR, HAL: Enterprise Value Comparison

For the Oil & Gas Equipment & Services subindustry, Calfrac Well Services's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Calfrac Well Services Enterprise Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Calfrac Well Services's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Calfrac Well Services's Enterprise Value falls into.


TSX:CFW
48GF Score
Calfrac Well Services Ltd TSX:CFW
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Calfrac Well Services Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Calfrac Well Services's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Calfrac Well Services's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of C$796 Mil mean?
Calfrac Well Services (TSX:CFW) has a Enterprise Value of C$796 Mil as of Jul. 12, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Calfrac Well Services and its competitors.
Is Calfrac Well Services' Enterprise Value too high?
Calfrac Well Services' current Enterprise Value is C$796 Mil. Overall, Calfrac Well 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 Calfrac Well Services' Enterprise Value compare to SLB and BKR?
Calfrac Well Services' Enterprise Value of C$796 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Calfrac Well Services and its competitors. Calfrac Well Services's current Enterprise Value is C$796 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calfrac Well Services stock overvalued right now?
Based on GuruFocus' analysis, Calfrac Well Services (TSX:CFW) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.96, compared to a current price of C$6.19 — trading 109.1% above its estimated fair value. The current Enterprise Value is C$796 Mil. Calfrac Well Services' overall GF Score™ is 48/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Calfrac Well Services (TSX:CFW), the current Enterprise Value is C$796 Mil as of Jul. 12, 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 Calfrac Well Services (TSX:CFW) Overvalued in 2026?

Based on GuruFocus' analysis, Calfrac Well Services stock appears to be overvalued. The current stock price of C$6.19 is trading 109.1% above its estimated GF Value™ of C$2.96. GuruFocus considers Calfrac Well Services to be Significantly Overvalued.

Key valuation signals for TSX:CFW:

  • Enterprise Value: C$796 Mil
  • GF Value™: C$2.96 vs. price of C$6.19 (109.1% above fair value)
  • GF Score™: 48/100 with 5 warning signs

No single metric tells the full story. See the TSX:CFW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Calfrac Well Services Business Description

Industry EnergyOil & Gas
Other Exchanges CFWFF:USA5CFA:Germany
Address 407 - 8th Avenue SW, Suite 601, Calgary, AB, CAN, T2P 1E5
Calfrac Well Services Ltd is an independent provider of specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing, and wireline services for the oil and natural gas industries in the United States, Canada, and Argentina. The company operates through two main segments. Its North America segment provides fracturing services to oil and natural gas companies operating in the Williston Basin in North Dakota, as well as the broader Rockies region. The Argentina segment, which generates the highest revenue, offers fracturing, coiled tubing, cementing, and other well stimulation services to oil and natural gas companies operating in the Neuquen and Comodoro Rivadavia regions.
48GF Score

Get the complete analysis for TSX:CFW

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$6.19
Price
C$2.96
GF Value