# Journey Energy Inc. (JOY.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$5.75, market value C$388 million.

## Valuation
- **P/E (trailing): 15.1×** (5-yr avg 10.2×, 3-yr avg 15.9×). Journey Energy Inc. trades at 15.1× trailing earnings, well above its own five-year average of 10.2×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 31.9×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.09**. A PEG of 0.09 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.1×**. The shares trade at 1.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.6×**. Enterprise value is 5.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -0.1%** (5-yr avg 5.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 6.6%**. The inverse of the P/E: 6.6% of the price is earned each year.

## Profitability
- **Gross margin: 42.1%**. Journey Energy Inc. keeps 42.1% of revenue after the direct cost of what it sells.
- **Operating margin: 10.3%**. 10.3% of revenue is left after running the business.
- **Net margin: 15.1%**. 15.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.3%**. 7.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 4.6%**. Return on all capital, debt included, is 4.6%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 4.6%**. Each dollar of assets produces 4.6% of profit.

## Growth
- **Revenue growth (1 yr): -15.9%** (3-yr -10.0%/yr, 5-yr 20.4%/yr). Revenue fell 15.9% over the last year, against 20.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 365.7%** (3-yr -47.6%/yr). Earnings per share rose 365.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.14**. Debt is 0.14 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.4×**. Operating profit covers interest 2.4×, thin but manageable.
- **Current ratio: 0.65** (quick 0.65). 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: 2.31**. A Z-score of 2.31 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Journey Energy Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover Journey Energy Inc.; the consensus is buy, with an average price target of C$6.19 (+8% 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): 91.0%** (YTD 80.8%, 3-mo 0.5%). The shares are up 91.0% over twelve months including dividends.
- **From 52-week high: -15.6%** (97.6% 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): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 0.04** (volatility 52%). Beta of 0.04 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.