Source Energy Services (TSX:SHLE) Shiller PE Ratio: (As of Sep. 07, 2026)

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.

TSX:SHLE Source Energy Services Ltd TSX:SHLE
67 GF Score
Price C$11.69
GF Value C$11.81
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Source Energy Services Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Source Energy Services  (TSX:SHLE) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Source Energy Services Shiller PE Ratio Related Terms


Source Energy Services Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Source Energy Services's Shiller 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 Shiller PE Ratio Chart

Source Energy Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Source Energy Services Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 0.00 0.00 0.00 0.00 0.00

TSX:SHLE vs SLB, BKR, HAL: Shiller PE Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Source Energy Services's Shiller PE Ratio, along with its competitors' market caps and Shiller 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 Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Source Energy Services's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Source Energy Services's Shiller PE Ratio falls into.


TSX:SHLE
67GF Score
Source Energy Services Ltd TSX:SHLE
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Source Energy Services Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Source Energy Services's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Source Energy Services's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.43/133.5265*133.5265
=-0.430

Current CPI (Jun. 2026) = 133.5265.

Source Energy Services Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 -2.885 101.765 -3.785
201612 -2.116 101.449 -2.785
201703 -1.444 102.634 -1.879
201706 -2.880 103.029 -3.733
201709 0.720 103.345 0.930
201712 -0.120 103.345 -0.155
201803 0.720 105.004 0.916
201806 1.800 105.557 2.277
201809 -0.240 105.636 -0.303
201812 -2.760 105.399 -3.497
201903 -1.440 106.979 -1.797
201906 -3.720 107.690 -4.612
201909 -12.120 107.611 -15.039
201912 -0.640 107.769 -0.793
202003 -36.910 107.927 -45.665
202006 -3.160 108.401 -3.892
202009 -1.530 108.164 -1.889
202012 4.790 108.559 5.892
202103 -0.400 110.298 -0.484
202106 -0.060 111.720 -0.072
202109 -0.260 112.905 -0.307
202112 -1.070 113.774 -1.256
202203 -0.490 117.646 -0.556
202206 0.310 120.806 0.343
202209 0.380 120.648 0.421
202212 -0.900 120.964 -0.993
202303 0.580 122.702 0.631
202306 0.200 124.203 0.215
202309 0.280 125.230 0.299
202312 10.820 125.072 11.551
202403 0.140 126.258 0.148
202406 0.260 127.522 0.272
202409 0.740 127.285 0.776
202412 -0.540 127.364 -0.566
202503 1.740 129.181 1.799
202506 1.010 129.892 1.038
202509 -0.460 130.287 -0.471
202512 0.170 130.366 0.174
202603 -0.250 132.262 -0.252
202606 -0.430 133.527 -0.430

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Source Energy Services (TSX:SHLE) Overvalued in 2026?

Based on GuruFocus' analysis, Source Energy Services stock appears to be undervalued. The current stock price of C$11.69 is trading 1% below its estimated GF Value™ of C$11.81. GuruFocus considers Source Energy Services to be Fairly Valued.

Key valuation signals for TSX:SHLE:

  • Shiller PE Ratio:
  • GF Value™: C$11.81 vs. price of C$11.69 (1% below fair value)
  • GF Score™: 67/100 with 6 warning signs

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 Business Description

Industry EnergyOil & Gas
Other Exchanges SCEYF:USAS4O0:Germany
Address 438, 11th Avenue SE, Suite 500, Calgary, AB, CAN, T2G 0Y4
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.
67GF Score

Get the complete analysis for TSX:SHLE

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

C$11.69
Price
C$11.81
GF Value