Source Energy Services (TSX:SHLE) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Source Energy Services Forward PE Ratio Related Terms
Source Energy Services Forward PE Ratio Historical Data
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The historical data trend for Source Energy Services's Forward PE Ratio 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.
Source Energy Services Forward PE Ratio Chart
Source Energy Services Annual Data
Trend
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
1.14
2.57
4.52
4.37
Source Energy Services Quarterly Data
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
1.14
1.89
2.06
2.23
2.57
5.84
4.32
3.49
4.52
3.05
3.24
3.52
4.37
4.64
TSX:SHLE vs SLB, BKR, HAL: Forward PE Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, Source Energy Services's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Source Energy Services's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Source Energy Services's Forward PE Ratio falls into.
Source Energy Services Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Source Energy Services (TSX:SHLE) has a Forward PE Ratio of 11.25 as of Jul. 13, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Source Energy Services and its competitors. According to the industry distribution chart, Source Energy Services ranks #282 out of 542 companies in the Oil & Gas industry, placing it in the top 52%.
Is Source Energy Services' Forward PE Ratio too high?
Source Energy Services' current Forward PE Ratio is 11.25. The Oil & Gas industry median Forward PE Ratio is 10.88. Source Energy Services' value of 11.25 is 3.4% above this industry median. Based on the distribution chart, Source Energy Services ranks #282 out of 542 companies in the Oil & Gas industry, which is below 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' Forward PE Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Source Energy Services ranks #282 out of 542 companies for Forward PE Ratio. This places Source Energy Services in the lower half of its industry. The industry median Forward PE Ratio is 10.88. Source Energy Services' value of 11.25 is 3.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.88, based on 542 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Source Energy Services's current Forward PE Ratio of 11.25 is 3.4% above 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Source Energy Services and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Source Energy Services's current Forward PE Ratio is 11.25. 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$12.66, compared to a current price of C$13.95 — trading 10.2% above its estimated fair value. The current Forward PE Ratio is 11.25 and 3.4% above the Oil & Gas industry median of 10.88. 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 Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Source Energy Services (TSX:SHLE), the current Forward PE Ratio is 11.25 as of Jul. 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 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$13.95 is trading 10.2% above its estimated GF Value™ of C$12.66.
GuruFocus considers Source Energy Services to be Fairly Valued.
Key valuation signals for TSX:SHLE:
Forward PE Ratio: 11.25
GF Value™: C$12.66 vs. price of C$13.95 (10.2% above fair value)
Industry Position: 3.4% above the Oil & Gas median (#282 of 542)
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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