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Steer Technologies Inc. (ARGH) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Steer Technologies Inc. stock C$0.17, price C$0.27, that is 35.5% below the price, quality 25 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Technology CA

ST Steer Technologies Inc. logo Thin data Nov 10, 2026

Steer Technologies Inc.

ARGH · V
Very expensive, weak quality

Our calculation puts a fair price 36% below what the stock costs today.

Negative equity (buybacks among others)
Fair value C$0.1741 · Strongly overvalued
Quality 25/100
Weak Growth (revenue 5y −10.9 %/yr in CAD)
Loss-making · -8.3% net margin (TTM)
Trails peers (1/7)
Narrow moat 9/100
Thin data
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

C$9.37 C$0.0550 Fair Value C$0.1741 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range C$0.0550 – C$9.37 · fair‑value band C$0.1306 – C$0.2177 · the C$0.2700 price screens above the C$0.1741 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Argo Corporation provides technology-enabled transit solutions in Canada.

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The company offers Argo Transit, a platform that offers municipalities a full service, electrified, and scalable transit solution, which Argo Transit has been deployed can use the Argo app to request trips at or near door for a standard transit fare.

It also provides Argo School, a platform to serve the student transportation market. The company was formerly known as Steer Technologies Inc. and changed its name to Argo Corporation in July 2024. Argo Corporation was founded in 2016 is headquartered in Toronto, Canada.

Stock analysis

Steer Technologies Inc. (ARGH) currently trades at C$0.2700, while our estimate is C$0.1741, 36% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$0.1306 (bear) to C$0.2177 (bull), the price of C$0.2700 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 25/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Steer Technologies Inc. reported revenue of C$2.2M in FY2025 versus C$25.4M in FY2021, a compound −45.7%/yr. Reported net income was −C$15.2M in FY2025.

Key figures

Market cap C$81.2M (≈ $57.2M) Micro · P/S ratio 13.2 · EPS (TTM) C$−0.0100 · Return on equity −146% · Return on assets (EBIT) −64.0% (5-year average) · Operating margin −37.8% · Revenue growth (YoY) +680% · Free cash flow −C$2.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 48% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 13% fair-value upside, at −36%, ARGH screens richer than that median.

Fair Value

Bear C$0.1306 Fair Value C$0.1741 Bull C$0.2177
Price C$0.2700 · Downside -35.5%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 25/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 17
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 33
How calm the share price moves, does not count
Price momentum 15
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 8
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+41.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−65.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.9%
Start year 2020 (pandemic)
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−432.1% (2020) → −717.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

ARGH screens overvalued: fair value 36% below the price. Compare with SAP SE →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 723 stocks

Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 25 · Bottom 25%
Fair Value upside −35.5% · Below median
Profitability
Return on equity (12 months) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −54.7% · Bottom 25%
Net margin (12 months) −8.3% · Below median
Operating margin (12 months) −37.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 679.7% · Top 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months) 11.31× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 25
FUTURE (revenue growth)100 · sector 40
PAST (return on equity)0 · sector 9
HEALTH (low debt)–
DIVIDEND (yield)0 · sector 28

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Adobe Inc ADBE $236.70 $463.72 +96% vs ARGH
Salesforce, Inc CRM $213.48 $342.73 +61% vs ARGH
Uber Technologies, Inc UBER $70.05 $101.28 +45% vs ARGH
Intuit Inc INTU $340.44 $459.14 +35% vs ARGH
ServiceNow, Inc NOW $99.61 $112.17 +13% vs ARGH
SAP SE SAP €209.95 €173.59 −17% vs ARGH
Cadence Design Systems, Inc CDNS $331.64 $225.48 −32% vs ARGH
Automatic Data Processing, Inc ADP $305.44 $150.40 −51% vs ARGH
Shopify Inc SHOP $146.61 $64.96 −56% vs ARGH
Snowflake Inc SNOW $295.76 $73.81 −75% vs ARGH

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Steer Technologies Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Steer Technologies Inc. Fair Value". https://www.fairvalue-calculator.com/stock/ARGH

Frequently asked questions

Is Steer Technologies Inc. (ARGH) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is C$0.1741 versus a price of C$0.2700, about 36% lower (overvalued).
What is the fair value of ARGH?
Our estimate for Steer Technologies Inc. is C$0.1741 (as of Nov 10, 2026), built from audited fundamentals. The current price: C$0.2700.
What is the quality score of ARGH?
Steer Technologies Inc. has a Quality Score of 25/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Steer Technologies Inc. (ARGH)?
Our calculated price target is the estimate of C$0.1741 (as of Nov 10, 2026). Cautious scenario C$0.1306, optimistic scenario C$0.2177. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Steer Technologies Inc. stock forecast for 2026?
Our estimate puts fair value at C$0.1741, about 36% lower versus a price of C$0.2700 (overvalued). Cautious scenario C$0.1306, optimistic scenario C$0.2177. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Steer Technologies Inc. (ARGH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Steer Technologies Inc. it is C$0.1741 per share (as of Nov 10, 2026), against a price of C$0.2700.
Is Steer Technologies Inc. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, ARGH trades above its calculated fair value: price C$0.2700, fair value C$0.1741, a gap of about −36% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ARGH?
No. The price is what the market pays today (C$0.2700); the fair value is what the company's own numbers justify (C$0.1741). For Steer Technologies Inc. the two are C$0.0959 per share apart. That gap is exactly why we show both numbers side by side.
How much is Steer Technologies Inc. worth?
The market values Steer Technologies Inc. at about C$81.2M (market capitalisation, as of Nov 10, 2026). Per share that is C$0.2700; our models calculate a fair value of C$0.1741 per share.
What do the bullish and bearish scenarios say about ARGH?
Our models span a range for Steer Technologies Inc.: cautious scenario C$0.1306, base C$0.1741, optimistic C$0.2177 per share (as of Nov 10, 2026, price C$0.2700). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Steer Technologies Inc. (ARGH)?
Balance-sheet figures for Steer Technologies Inc. (as of Nov 10, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is ARGH from its 52-week high?
Steer Technologies Inc. trades at C$0.2700, about 48% below its 52-week high of C$0.5200 and 20% above the low of C$0.2250 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.1741 is for.
Which stocks are comparable to Steer Technologies Inc.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Steer Technologies Inc. stock attractive at the current price?
The data as of Nov 10, 2026: price C$0.2700, calculated fair value C$0.1741 (−36%), Quality Score 25/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Steer Technologies Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Steer Technologies Inc. (ARGH)?
The closing price on Nov 10, 2026 was C$0.2700. Our estimate is C$0.1741, about 36% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Steer Technologies Inc. right now?
The price sits above even our optimistic bull case (C$0.2177). The favourable scenario is already priced in. Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Steer Technologies Inc.

How large is the market capitalisation of Steer Technologies Inc. (ARGH)?
The market capitalisation of Steer Technologies Inc. is C$81.2M (≈ $57.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Steer Technologies Inc. (ARGH)?
The price-to-sales ratio of Steer Technologies Inc. is 13.2 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Steer Technologies Inc. (ARGH)?
Earnings per share at Steer Technologies Inc. are C$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Steer Technologies Inc. (ARGH)?
The return on equity (ROE) of Steer Technologies Inc. is −146% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Steer Technologies Inc. (ARGH)?
On an EBIT basis the return on assets of Steer Technologies Inc. is −64.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Steer Technologies Inc. (ARGH)?
The operating margin of Steer Technologies Inc. is −37.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Steer Technologies Inc. (ARGH)?
Revenue at Steer Technologies Inc. is growing +680% versus a year earlier (3y avg −65.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Steer Technologies Inc. (ARGH) generate?
The free cash flow of Steer Technologies Inc. is −C$2.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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