# Obsidian Energy Ltd. (OBE.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$16.41, market value C$1.1 billion.

## Valuation
- **P/E (trailing): 39.1×** (5-yr avg 6.5×, 3-yr avg 12.1×). Obsidian Energy Ltd. trades at 39.1× trailing earnings, well above its own five-year average of 6.5×: 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 9.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.08**. A PEG of 0.08 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.9×**. Each dollar of revenue is priced at 1.9×.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 4.3×**. Enterprise value is 4.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -16.9%** (5-yr avg 3.9%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.6%**. The inverse of the P/E: 2.6% of the price is earned each year.

## Profitability
- **Gross margin: 46.0%**. Obsidian Energy Ltd. keeps 46.0% of revenue after the direct cost of what it sells.
- **Operating margin: 20.4%**. 20.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 6.5%**. 6.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 2.5%**. 2.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.5%**. Return on all capital, debt included, is 5.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.5%**. Each dollar of assets produces 1.5% of profit.

## Growth
- **Revenue growth (1 yr): -35.4%** (3-yr -16.2%/yr, 5-yr 13.5%/yr). Revenue fell 35.4% over the last year, against 13.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 118.4%** (3-yr -62.9%/yr). Earnings per share rose 118.4%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.16**. Debt is 0.16 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.7×**. It would take 0.7 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 4.8×**. Operating profit covers interest 4.8× over, a safe margin.
- **Current ratio: 0.54** (quick 0.54). 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: 2.85**. A Z-score of 2.85 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Obsidian Energy Ltd. does not currently pay a dividend, but it returned 2.7% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover Obsidian Energy Ltd.; the consensus is buy, with an average price target of C$17.50 (+7% 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): 97.0%** (YTD 94.9%, 3-mo 6.3%). The shares are up 97.0% over twelve months including dividends.
- **From 52-week high: -17.2%** (114.5% above the low). Trading 17% 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): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.14** (volatility 54%). Beta of 0.14 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.