PHX Energy Services Corporation (PHX) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of PHX Energy Services Corporation stock C$11.36, price C$10.92, upside +4.0%, quality 60 out of 100. Rating: fairly valued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.
How to read this chart
60‑month range C$2.65 – C$13.71 · fair‑value band C$5.99 – C$15.77 · the C$10.92 price screens below the C$11.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, the Middle East regions, and internationally.
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It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.
The company provides 360 CV MWD System, a clear vision tool, which surveys inclination and gamma in real-time closer to the bit; 360 RWD System, a resistivity while drilling sub; and North Seeking Gyro that offers real-time QA/QC checks downhole.
In addition, it offers survey management and gyro surveying services. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp. PHX Energy Services Corp. was founded in 1995 and is headquartered in Calgary, Canada.
Stock analysis
PHX Energy Services Corporation (PHX) currently trades at C$10.92, while our model-based Fair Value estimate is C$11.36, so the stock looks roughly fairly valued today (gap 3.8%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$25.09 per share, and 14 of the 25 models we run sit above the C$10.92 price.
Bear case: the Growth DCF group reads lowest at C$1.55, and 11 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$5.99 (bear) to C$15.77 (bull), the price of C$10.92 sits inside 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 60/100 (solid quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PHX Energy Services Corporation reported revenue of C$710M in FY2025 versus C$350M in FY2021, a compound +19.3%/yr. Reported net income was C$54.7M in FY2025, compounding +24.6%/yr from FY2021.
Key figures
Market cap C$500M (≈ $351M) Small · P/E ratio 10.1 · P/S ratio 0.67 · EPS (TTM) C$1.08 · Dividend yield 1.8% · Net margin 6.4% · Return on equity 21.1% · Return on assets (EBIT) 11.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 70% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −41% fair-value upside, at 4%, PHX screens cheaper than that median.
Fair Value models
BearC$5.99Fair Value C$11.36BullC$15.77
Price C$10.92 · Upside +4.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.7643 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.6%
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.
+9.8%
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.
+24.9%
Start year 2020 (pandemic). Over 10 years: +9.5% a year
Revenue growth 23 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.
+18.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+23.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.9%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.21.9% vs 6.6%, picking up
Profit margin 2020 to 2025 ⓘ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.1% → 6%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.7%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +6.4% a year for the forecasts.
Compare PHX Energy Services Corporation with another stock
Price, fair value, quality and upside side by side.
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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.Oil & Gas Drilling · 34 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside+4.0% · Above median
Profitability
Return on equity (12 months)21.1% · Top 25%
Return on assets12.4% · Top 25%
Net margin (12 months)6.4% · Above median
Operating margin (12 months)4.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)24.2% · Above median
Dividend yield (12 months)1.8% · Above median
Balance sheet
Debt / equity0.16× · Lowest 25%
Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "PHX Energy Services Corporation Fair Value". https://www.fairvalue-calculator.com/stock/PHX
Frequently asked questions
Is PHX Energy Services Corporation (PHX) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of C$11.36 versus a price of C$10.92, about +4% upside (fairly valued).
What is the fair value of PHX?
Our model-based fair value for PHX Energy Services Corporation is C$11.36 (as of Nov 12, 2026), built from audited fundamentals. The current price: C$10.92.
What is the quality score of PHX?
PHX Energy Services Corporation has a Quality Score of 60/100. 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 PHX Energy Services Corporation (PHX)?
Our model-based price target is the fair value of C$11.36 (as of Nov 12, 2026) from 25 valuation models. Cautious scenario C$5.99, optimistic scenario C$15.77. It is a calculation from audited fundamentals, not an analyst target.
What is the PHX Energy Services Corporation stock forecast for 2026?
Our models put fair value at C$11.36, about +4% upside versus a price of C$10.92 (fairly valued). Cautious scenario C$5.99, optimistic scenario C$15.77. The calculation is refreshed regularly with new filings.
What is the revenue of PHX Energy Services Corporation (PHX)?
PHX Energy Services Corporation reported trailing-twelve-month revenue of about C$751M (latest available figure, as of Nov 12, 2026).
Does PHX Energy Services Corporation pay a dividend?
PHX Energy Services Corporation currently shows a dividend yield of 1.83% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of PHX Energy Services Corporation (PHX) and when is the ex-dividend date?
PHX Energy Services Corporation pays a dividend of C$0.2 per share a year, a dividend yield of 1.8%. The last ex-dividend date was Sep 29, 2026. A dividend has been paid every year since 2020. The payout ratio is 19.7% of earnings (on adjusted earnings, reported 18.5%). Free cash flow covers the dividend 0.09 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into PHX Energy Services Corporation (PHX)?
For today's price to be fair in a discounted-cash-flow model, PHX Energy Services Corporation would have to grow free cash flow by more than 80 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.9 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of PHX use?
Our models discount PHX Energy Services Corporation at 12.4 %: a base by market capitalisation (small), damped by beta 1.50, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For PHX Energy Services Corporation that is more than 80 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has PHX Energy Services Corporation (PHX) delivered so far?
Over the past 5 years revenue at PHX Energy Services Corporation grew +24.9 % a year. The price currently implies free-cash-flow growth of more than 80 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of PHX Energy Services Corporation (PHX) growing?
The median revenue growth in the sector is +13.4 % a year. That is the yardstick for the growth priced into PHX Energy Services Corporation (more than 80 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PHX Energy Services Corporation (PHX)?
The free-cash-flow yield on the price is 0.17 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow PHX Energy Services Corporation produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PHX Energy Services Corporation (PHX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PHX Energy Services Corporation it is C$11.36 per share (as of Nov 12, 2026), against a price of C$10.92. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is PHX Energy Services Corporation stock overvalued or undervalued in 2026?
As of Nov 12, 2026, PHX trades below its calculated fair value: price C$10.92, fair value C$11.36, a gap of about +4% (fairly valued). 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 PHX?
No. The price is what the market pays today (C$10.92); the fair value is what the company's own numbers justify (C$11.36). For PHX Energy Services Corporation the two are C$0.4400 per share apart. That gap is exactly why we show both numbers side by side.
How much is PHX Energy Services Corporation worth?
The market values PHX Energy Services Corporation at about C$500M (market capitalisation, as of Nov 12, 2026). Per share that is C$10.92; our models calculate a fair value of C$11.36 per share.
What do the bullish and bearish scenarios say about PHX?
Our models span a range for PHX Energy Services Corporation: cautious scenario C$5.99, base C$11.36, optimistic C$15.77 per share (as of Nov 12, 2026, price C$10.92). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PHX?
PHX Energy Services Corporation trades at a price-to-earnings ratio of 10.1 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$11.36 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 9.6 (reported for FY2025: 9.1). Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 8.0. Other multiples: P/B 2.2, P/S 0.7, EV/EBITDA 5.2.
How solid is the balance sheet of PHX Energy Services Corporation (PHX)?
Balance-sheet figures for PHX Energy Services Corporation (as of Nov 12, 2026): return on equity 21.1%, debt of 0.16 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is PHX from its 52-week high?
PHX Energy Services Corporation trades at C$10.92, about 20% below its 52-week high of C$13.71 and 70% above the low of C$6.41 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of C$11.36 is for.
Which stocks are comparable to PHX Energy Services Corporation?
From the same area (Energy) we also value Noble Corporation, Transocean Ltd, Valaris Limited, Sinopec Oilfield Service Corporation, 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 PHX Energy Services Corporation stock attractive at the current price?
The data as of Nov 12, 2026: price C$10.92, calculated fair value C$11.36 (+4%), Quality Score 60/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PHX calculated?
We run PHX Energy Services Corporation through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$11.36 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.3% above its aggregate fair value. PHX Energy Services Corporation currently trades 4% below its own fair value, and the market average says nothing about that. 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 PHX Energy Services Corporation (PHX)?
The closing price on Nov 12, 2026 was C$10.92. Our model-based fair value is C$11.36, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PHX Energy Services Corporation right now?
The model range is unusually wide (C$5.99 to C$15.77). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of PHX Energy Services Corporation
How large is the market capitalisation of PHX Energy Services Corporation (PHX)?
The market capitalisation of PHX Energy Services Corporation is C$500M (≈ $351M). 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 PHX Energy Services Corporation (PHX)?
The price-to-sales ratio of PHX Energy Services Corporation is 0.67 (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 PHX Energy Services Corporation (PHX)?
Earnings per share at PHX Energy Services Corporation are C$1.08 (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PHX Energy Services Corporation (PHX)?
The dividend yield of PHX Energy Services Corporation is 1.8% (payout 19.7%, on adjusted earnings, reported 18.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PHX Energy Services Corporation (PHX)?
The net margin of PHX Energy Services Corporation is 6.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of PHX Energy Services Corporation (PHX)?
The return on equity (ROE) of PHX Energy Services Corporation is 21.1% (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 PHX Energy Services Corporation (PHX)?
On an EBIT basis the return on assets of PHX Energy Services Corporation is 11.7% (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 PHX Energy Services Corporation (PHX)?
The operating margin of PHX Energy Services Corporation is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PHX Energy Services Corporation (PHX)?
Revenue at PHX Energy Services Corporation is growing +24.2% versus a year earlier (3y avg +9.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at PHX Energy Services Corporation (PHX)?
Earnings per share at PHX Energy Services Corporation are growing +43.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PHX Energy Services Corporation (PHX) carry?
The net debt of PHX Energy Services Corporation is C$37.8M (fiscal year 2025, ≈ 43.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 12, 2026