PYRGF (PyroGenesis) Intrinsic Value: Projected FCF: $-0.35 (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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.
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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.

PYRGF PyroGenesis Inc PYRGF
27 GF Score
Price $0.15
GF Value $0.33
Valuation Possible Value Trap
! 7 Warning Signs
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What is PyroGenesis Intrinsic Value: Projected FCF?

PyroGenesis PYRGF 27 Intrinsic Value: Projected FCF is $-0.35 as of Sep. 22, 2026. GuruFocus rates PYRGF with a GF Score™ of 27/100 and a GF Value™ of $0.33 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,047 Industrial Products companies, PyroGenesis ranks worse than 48851.93% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-22), PyroGenesis's Intrinsic Value: Projected FCF is $-0.35. The stock price of PyroGenesis is $0.145. Therefore, PyroGenesis's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for PyroGenesis's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of PyroGenesis was 76.91. The lowest was 32.82. And the median was 54.87.

PYRGF's Price-to-Projected-FCF is not ranked *
in the Industrial Products industry.
Industry Median: 1.7
* Ranked among companies with meaningful Price-to-Projected-FCF only.

PyroGenesis  (OTCPK:PYRGF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

PyroGenesis's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=0.145/-0.372825852611
=

* 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.


PyroGenesis Intrinsic Value: Projected FCF Related Terms


PyroGenesis Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for PyroGenesis's Intrinsic Value: Projected FCF 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.

PyroGenesis Intrinsic Value: Projected FCF Chart

PyroGenesis Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
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PyroGenesis Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF 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 - - - - -

PYRGF vs GEV, ETN, PH: Intrinsic Value: Projected FCF Comparison

For the Specialty Industrial Machinery subindustry, PyroGenesis's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.


PyroGenesis Price-to-Projected-FCF vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, PyroGenesis's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where PyroGenesis's Price-to-Projected-FCF falls into.


PYRGF
27GF Score
PyroGenesis Inc PYRGF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PyroGenesis Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get PyroGenesis's Free Cash Flow(6 year avg) = $-7.94.

PyroGenesis's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)/0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-7.942464+-2.8529282819383/0.8)/212.381222
=-0.37

* 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.

What does a Intrinsic Value: Projected FCF of $-0.35 mean?
PyroGenesis (PYRGF) has a Intrinsic Value: Projected FCF of $-0.35 as of Sep. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on PyroGenesis and its competitors. According to the industry distribution chart, PyroGenesis ranks #999999 out of 2047 companies in the Industrial Products industry.
Is PyroGenesis' Intrinsic Value: Projected FCF too high?
PyroGenesis' current Intrinsic Value: Projected FCF is $-0.35. Based on the distribution chart, PyroGenesis ranks #999999 out of 2047 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, PyroGenesis has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PyroGenesis' Intrinsic Value: Projected FCF compare to GEV and ETN?
According to the Industrial Products industry distribution chart, PyroGenesis ranks #999999 out of 2047 companies for Intrinsic Value: Projected FCF. This places PyroGenesis in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Industrial Products company?
The median Intrinsic Value: Projected FCF among Industrial Products companies is 1.70, based on 2,047 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on PyroGenesis and its competitors. For the Industrial Products industry, the median Intrinsic Value: Projected FCF is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PyroGenesis's current Intrinsic Value: Projected FCF is $-0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PyroGenesis stock overvalued right now?
Based on GuruFocus' analysis, PyroGenesis (PYRGF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.33, compared to a current price of $0.15 — trading 56.1% below its estimated fair value. The current Intrinsic Value: Projected FCF is $-0.35. PyroGenesis' overall GF Score™ is 27/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For PyroGenesis (PYRGF), the current Intrinsic Value: Projected FCF is $-0.35 as of Sep. 22, 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 PyroGenesis (PYRGF) Overvalued in 2026?

Based on GuruFocus' analysis, PyroGenesis stock appears to be undervalued. The current stock price of $0.15 is trading 56.1% below its estimated GF Value™ of $0.33. GuruFocus considers PyroGenesis to be Possible Value Trap.

Key valuation signals for PYRGF:

  • Intrinsic Value: Projected FCF: $-0.35
  • GF Value™: $0.33 vs. price of $0.15 (56.1% below fair value)
  • GF Score™: 27/100 with 7 warning signs

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


PyroGenesis Business Description

Other Exchanges 8PY1:GermanyPYR:Canada
Address 1100 Rene-Levesque Boulevard West, Suite 1825, Montreal, QC, CAN, H3B 4N4
PyroGenesis Inc is engaged in the design, development, manufacturing, and commercialization of plasma-based processes and related solutions. Its technologies are applied in areas such as iron ore pelletization, aluminum processing, waste management, and additive manufacturing. The company develops proprietary plasma technologies intended to reduce greenhouse gas emissions compared to conventional industrial processes. Geographically, it derives the majority of its revenue from Canada, followed by other countries, including France, New Zealand, the United States of America, etc.
27GF Score

Get the complete analysis for PYRGF

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

$0.15
Price
$0.33
GF Value