TMGEF (Thermal Energy International) Financial Strength: 7 (As of Feb. 2026) — 40% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TMGEF Thermal Energy International Inc TMGEF
53 GF Score
Price $0.12
GF Value $0.18
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Thermal Energy International Financial Strength?

Thermal Energy International TMGEF 53 Financial Strength is 7 as of Feb. 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates TMGEF with a GF Score™ of 53/100 and a GF Value™ of $0.18 (Possible Value Trap). The stock has 3 warning signs investors should review.

Thermal Energy International has the Financial Strength Rank of 7.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Thermal Energy International's Interest Coverage for the quarter that ended in Feb. 2026 was 20.57. Thermal Energy International's debt to revenue ratio for the quarter that ended in Feb. 2026 was 0.03. As of today, Thermal Energy International's Altman Z-Score is 1.59.


Thermal Energy International  (OTCPK:TMGEF) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Thermal Energy International has the Financial Strength Rank of 7.


Thermal Energy International Financial Strength Related Terms


TMGEF vs VLTO, ZWS, CECO: Financial Strength Comparison

For the Pollution & Treatment Controls subindustry, Thermal Energy International's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Thermal Energy International Financial Strength vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thermal Energy International's Financial Strength distribution charts can be found below:

* The bar in red indicates where Thermal Energy International's Financial Strength falls into.


TMGEF
53GF Score
Thermal Energy International Inc TMGEF
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thermal Energy International Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Thermal Energy International's Interest Expense for the months ended in Feb. 2026 was $-0.02 Mil. Its Operating Income for the months ended in Feb. 2026 was $0.43 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was $0.55 Mil.

Thermal Energy International's Interest Coverage for the quarter that ended in Feb. 2026 is

Interest Coverage=-1*Operating Income (Q: Feb. 2026 )/Interest Expense (Q: Feb. 2026 )
=-1*0.432/-0.021
=20.57

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Thermal Energy International's Debt to Revenue Ratio for the quarter that ended in Feb. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Feb. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0.22 + 0.549) / 27.62
=0.03

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Thermal Energy International has a Z-score of 1.59, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 1.59 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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 Financial Strength →
What does a Financial Strength of 7 mean?
Thermal Energy International (TMGEF) has a Financial Strength of 7 as of Feb. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Thermal Energy International and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, Thermal Energy International's Financial Strength has ranged from 2.00 to 7.00.
Is Thermal Energy International's Financial Strength too high?
Thermal Energy International's current Financial Strength of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. Overall, Thermal Energy International has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's Financial Strength compare to VLTO and ZWS?
Thermal Energy International's Financial Strength of 7 can be compared against companies in the Industrial Products industry. Historically, Thermal Energy International's own Financial Strength has ranged from 2.00 to 7.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for an Industrial Products company?
A good Financial Strength depends on the Industrial Products industry context. However, Financial Strength 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 Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Thermal Energy International and its competitors. Thermal Energy International's current Financial Strength is 7, which is 40% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.18, compared to a current price of $0.12 — trading 31.6% below its estimated fair value. The current Financial Strength is 7, which is 40% above median its 10-year median of 5.00. Thermal Energy International's overall GF Score™ is 53/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Thermal Energy International (TMGEF), the current Financial Strength is 7 as of Feb. 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 Thermal Energy International (TMGEF) Overvalued in 2026?

Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued. The current stock price of $0.12 is trading 31.6% below its estimated GF Value™ of $0.18. GuruFocus considers Thermal Energy International to be Possible Value Trap.

Key valuation signals for TMGEF:

  • Financial Strength: 7 (40% above median its 10-year median of 5.00)
  • GF Value™: $0.18 vs. price of $0.12 (31.6% below fair value)
  • GF Score™: 53/100 with 3 warning signs

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


Thermal Energy International Business Description

Other Exchanges EUW:GermanyTMG:Canada
Address 36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
53GF Score

Get the complete analysis for TMGEF

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

$0.12
Price
$0.18
GF Value