# Advantage Energy Ltd. (AAV.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$11.06, market value C$1.9 billion.

## Valuation
- **P/E (trailing): 22.6×** (5-yr avg 27.4×, 3-yr avg 42.7×). Advantage Energy Ltd. trades at 22.6× trailing earnings, close to its own five-year average of 27.4×. The Energy median in the September 2026 study was 16.8×. Forward P/E is 15.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.11**. A PEG of 0.11 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 6.8×**. Enterprise value is 6.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -7.4%** (5-yr avg 3.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 4.4%**. The inverse of the P/E: 4.4% of the price is earned each year.

## Profitability
- **Gross margin: 41.5%**. Advantage Energy Ltd. keeps 41.5% of revenue after the direct cost of what it sells.
- **Operating margin: 14.6%**. 14.6% of revenue is left after running the business.
- **Net margin: 8.2%**. 8.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.1%**. 3.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 2.8%**. Return on all capital, debt included, is 2.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.7%**. Each dollar of assets produces 2.7% of profit.

## Growth
- **Revenue growth (1 yr): 17.4%** (3-yr -12.5%/yr, 5-yr 21.4%/yr). Revenue grew 17.4% over the last year, against 21.4% a year compounded over five years.
- **EPS growth (1 yr): 138.5%** (3-yr -43.8%/yr). Earnings per share rose 138.5%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.52**. Debt is 0.52 times equity, moderate leverage.
- **Net debt / EBITDA: 2.2×**. It would take 2.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 1.7×**. Operating profit covers interest 1.7×, thin but manageable.
- **Current ratio: 0.39** (quick 0.39). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.80**. A Z-score of 1.80 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Advantage Energy Ltd. does not currently pay a dividend, but it returned 0.2% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (9 analysts). 9 analysts cover Advantage Energy Ltd.; the consensus is buy, with an average price target of C$14.31 (+29% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -3.8%** (YTD -5.8%, 3-mo 10.4%). The shares are down 3.8% over twelve months including dividends.
- **From 52-week high: -16.2%** (20.3% above the low). Trading 16% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): -0.17** (volatility 30%). Beta of -0.17 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AAV.TO · Page: https://foliofundamentals.com/stocks/aav.to

Not investment advice.