# Tamarack Valley Energy Ltd. (TVE.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$13.36, market value C$6.3 billion.

## Valuation
- **P/E (trailing): 190.9×** (5-yr avg 10.1×, 3-yr avg 16.0×). Tamarack Valley Energy Ltd. trades at 190.9× trailing earnings, well above its own five-year average of 10.1×: 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 15.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.9×**. Each dollar of revenue is priced at 3.9×.
- **Price / book: 3.6×**. The shares trade at 3.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.2×**. Enterprise value is 12.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.8%** (5-yr avg -6.1%). Free cash flow equals 7.8% of the market value, above its five-year average of -6.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 0.5%**. The inverse of the P/E: 0.5% of the price is earned each year.

## Profitability
- **Gross margin: 45.8%**. Tamarack Valley Energy Ltd. keeps 45.8% of revenue after the direct cost of what it sells.
- **Operating margin: 39.2%**. 39.2% of revenue is left after running the business, an exceptional level.
- **Net margin: -2.7%**. The company reported a net loss over the last twelve months.
- **Return on equity: -2.0%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 17.6%**. Return on all capital, debt included, is 17.6%: comfortably above what that capital costs.
- **Return on assets: 0.7%**. Each dollar of assets produces 0.7% of profit.

## Growth
- **Revenue growth (1 yr): -22.6%** (3-yr -2.7%/yr, 5-yr 43.4%/yr). Revenue fell 22.6% over the last year, against 43.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -124.2%**. Earnings per share fell 124.2%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.38**. Debt is 0.38 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.2×**. It would take 1.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 8.7×**. Operating profit covers interest 8.7× over, a safe margin.
- **Current ratio: 0.90** (quick 0.90). 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: 4.05**. A Z-score of 4.05 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.50%** (C$0.16 per share, trailing). Tamarack Valley Energy Ltd. yields 1.50%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Shareholder yield: 5.4%**. Dividends plus net buybacks return 5.4% of the market value a year.

## Price and momentum
- **Total return (1 yr): 155.2%** (YTD 68.5%, 3-mo 0.8%). The shares are up 155.2% over twelve months including dividends.
- **From 52-week high: -4.9%** (152.1% above the low). Trading within 5% of 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): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 0.14** (volatility 38%). 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=TVE.TO · Page: https://foliofundamentals.com/stocks/tve.to

Not investment advice.