The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Source Energy Services's share price is C$13.93.
Source Energy Services's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was C$49.08. Hence, Source Energy Services's PS Ratio for today is 0.28.
The historical rank and industry rank for Source Energy Services's PS Ratio or its related term are showing as below:
TSX:SHLE'
s PS Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.17 Max: 1.8
Current: 0.28
During the past 12 years, Source Energy Services's highest PS Ratio was 1.80. The lowest was 0.01. And the median was 0.17.
TSX:SHLE's PS Ratio is ranked better than 84.2% of 880
companies
in the Oil & Gas industry
Industry Median: 1.28
vs TSX:SHLE: 0.28
Source Energy Services Ltd revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Source Energy Services was -6.40% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 19.60% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 8.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -1.20% per year.
During the past 12 years, Source Energy Services's highest 3-Year average Revenue per Share Growth Rate was 31.90% per year. The lowest was -33.70% per year. And the median was 19.60% per year.
Back to Basics: PS Ratio
Source Energy Services (TSX:SHLE) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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 PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Source Energy Services's PS Ratio distribution charts can be found below:
* The bar in red indicates where Source Energy Services's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Source Energy Services's Share Price of today is C$13.93. Source Energy Services's Revenue per Share 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$49.08.
* 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.
It can also be calculated from the numbers for the whole company:
Source Energy Services (TSX:SHLE) has a PS Ratio of 0.28 as of Jul. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Source Energy Services and its competitors. This is 65% above median its historical median of 0.17. Over the past decade, Source Energy Services' PS Ratio has ranged from 0.01 to 1.80. According to the industry distribution chart, Source Energy Services ranks #139 out of 880 companies in the Oil & Gas industry, placing it in the top 15.8%.
Is Source Energy Services' PS Ratio too high?
Source Energy Services' current PS Ratio of 0.28 is 65% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 1.80. The Oil & Gas industry median PS Ratio is 1.28. Source Energy Services' value of 0.28 is 78.1% below this industry median. Based on the distribution chart, Source Energy Services ranks #139 out of 880 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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' PS Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Source Energy Services ranks #139 out of 880 companies for PS Ratio. This places Source Energy Services in the top 16% of its industry — outperforming the majority of peers. The industry median PS Ratio is 1.28. Source Energy Services' value of 0.28 is 78.1% below this benchmark. Historically, Source Energy Services' own PS Ratio has ranged from 0.01 to 1.80 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 1.28, 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.28, based on 880 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Source Energy Services's current PS Ratio of 0.28 is 78.1% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Source Energy Services and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Source Energy Services's current PS Ratio is 0.28, which is 65% above median its own 10-year median of 0.17. 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$12.86, compared to a current price of C$13.93 — trading 8.3% above its estimated fair value. The current PS Ratio is 0.28, which is 65% above median its 10-year median of 0.17 and 78.1% below the Oil & Gas industry median of 1.28. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Source Energy Services (TSX:SHLE), the current PS Ratio is 0.28 as of Jul. 01, 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$13.93 is trading 8.3% above its estimated GF Value™ of C$12.86.
GuruFocus considers Source Energy Services to be Fairly Valued.
Key valuation signals for TSX:SHLE:
PS Ratio: 0.28 (65% above median its 10-year median of 0.17)
GF Value™: C$12.86 vs. price of C$13.93 (8.3% above fair value)
Industry Position: 78.1% below the Oil & Gas median (#139 of 880)
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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