PrairieSky Royalty Ltd (PSK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of PrairieSky Royalty Ltd stock C$12.11, price C$34.78, that is 65.2% below the price, quality 68 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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 4, 2026.
How to read this chart
60‑month range C$7.64 – C$37.05 · fair‑value band C$8.95 – C$15.74 · the C$34.78 price screens above the C$12.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Canada. It holds an interest in approximately 9.9 million acres with petroleum and/or natural gas rights, 8.7 million acres of gross overriding royalty interests, and other acreage.
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The company was incorporated in 2013 and is based in Calgary, Canada.
Stock analysis
PrairieSky Royalty Ltd (PSK) currently trades at C$34.78, while our model-based Fair Value estimate is C$12.11, 65% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of C$17.61 per share, and 0 of the 26 models we run sit above the C$34.78 price.
Bear case: the Asset-Based group reads lowest at C$5.51, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$8.95 (bear) to C$15.74 (bull), the price of C$34.78 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 68/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
PrairieSky Royalty Ltd reported revenue of C$478M in FY2025 versus C$294M in FY2021, a compound +13.0%/yr. Reported net income was C$205M in FY2025, compounding +13.6%/yr from FY2021.
Key figures
Market cap C$8.1B (≈ $5.7B) Mid · P/E ratio 29.2 · P/S ratio 14.7 · EPS (TTM) C$1.19 · Dividend yield 3.0% · Net margin 50.9% · Return on equity 10.9% · Return on assets (EBIT) 11.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −65%, PSK screens richer than that median.
Fair Value models
BearC$8.95Fair Value C$12.11BullC$15.74
Price C$34.78 · Downside -65.2%
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$0.1158 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+1.7%
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.
−8.3%
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.
+24.5%
Start year 2020 (pandemic). Over 10 years: +10.7% a year
Revenue growth 13 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.
+6.6%
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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.
+16.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.1%
Dividend (yield on the price)3.0%
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.13.1% vs 8.1%, 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.87% → 59%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
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).
+17.4%
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.
+11.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +14.9% a year for the price and +9.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (74 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: PrairieSky's low-cost royalty structure delivers steadier returns by avoiding exploration and production risks, yet its results stay closely tied to third parties' capital spending decisions.
Main risk: Heavy dependence on third-party operators' drilling and leasing activity is the biggest risk and would directly cut royalty volumes and cash flows.
PrairieSky collects royalties from the largest concentrated fee simple mineral title position in Canada while third parties handle all exploration and production risks. Recent quarters delivered record output from ongoing leasing and drilling on those lands. Our models see it as overvalued. Does the low-cost royalty structure deliver steadier returns than operators face, or does it tie results too closely to others' capital spending decisions?
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 E&P · 239 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−65.2% · Bottom 25%
Profitability
Return on equity (12 months)10.9% · Above median
Return on assets6.5% · Above median
Net margin (12 months)50.9% · Top 25%
Operating margin (12 months)72.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)43.2% · Above median
Dividend yield (12 months)3.0% · Below median
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
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Is PrairieSky Royalty Ltd (PSK) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of C$12.11 versus a price of C$34.78, about 65% lower (overvalued).
What is the fair value of PSK?
Our model-based fair value for PrairieSky Royalty Ltd is C$12.11 (as of Nov 4, 2026), built from audited fundamentals. The current price: C$34.78.
What is the quality score of PSK?
PrairieSky Royalty Ltd has a Quality Score of 68/100. 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 PrairieSky Royalty Ltd (PSK)?
Our model-based price target is the fair value of C$12.11 (as of Nov 4, 2026) from 26 valuation models. Cautious scenario C$8.95, optimistic scenario C$15.74. It is a calculation from audited fundamentals, not an analyst target.
What is the PrairieSky Royalty Ltd stock forecast for 2026?
Our models put fair value at C$12.11, about 65% lower versus a price of C$34.78 (overvalued). Cautious scenario C$8.95, optimistic scenario C$15.74. The calculation is refreshed regularly with new filings.
What is the revenue of PrairieSky Royalty Ltd (PSK)?
PrairieSky Royalty Ltd reported trailing-twelve-month revenue of about C$550M (latest available figure, as of Nov 4, 2026).
Does PrairieSky Royalty Ltd pay a dividend?
PrairieSky Royalty Ltd currently shows a dividend yield of 3.03% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of PrairieSky Royalty Ltd (PSK) and when is the ex-dividend date?
PrairieSky Royalty Ltd pays a dividend of C$1.06 per share a year, a dividend yield of 3.0%. The next ex-dividend date is Dec 31, 2026. A dividend has been paid every year since at least 2014. The payout ratio is 88.7% of earnings. Free cash flow covers the dividend 1.05 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 PrairieSky Royalty Ltd (PSK)?
For today's price to be fair in a discounted-cash-flow model, PrairieSky Royalty Ltd would have to grow free cash flow by +17.4 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.5 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of PSK use?
Our models discount PrairieSky Royalty Ltd at 9.3 %: a base by market capitalisation (mid), damped by beta 0.90, 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 PrairieSky Royalty Ltd that is +17.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has PrairieSky Royalty Ltd (PSK) delivered so far?
Over the past 5 years revenue at PrairieSky Royalty Ltd grew +24.5 % a year. The price currently implies free-cash-flow growth of +17.4 % 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 PrairieSky Royalty Ltd (PSK) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into PrairieSky Royalty Ltd (+17.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of PrairieSky Royalty Ltd (PSK)?
The free-cash-flow yield on the price is 3.19 %: that much free cash flow PrairieSky Royalty Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of PrairieSky Royalty Ltd (PSK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PrairieSky Royalty Ltd it is C$12.11 per share (as of Nov 4, 2026), against a price of C$34.78. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is PrairieSky Royalty Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, PSK trades above its calculated fair value: price C$34.78, fair value C$12.11, a gap of about −65% (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 PSK?
No. The price is what the market pays today (C$34.78); the fair value is what the company's own numbers justify (C$12.11). For PrairieSky Royalty Ltd the two are C$22.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is PrairieSky Royalty Ltd worth?
The market values PrairieSky Royalty Ltd at about C$8.1B (market capitalisation, as of Nov 4, 2026). Per share that is C$34.78; our models calculate a fair value of C$12.11 per share.
What do the bullish and bearish scenarios say about PSK?
Our models span a range for PrairieSky Royalty Ltd: cautious scenario C$8.95, base C$12.11, optimistic C$15.74 per share (as of Nov 4, 2026, price C$34.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PSK?
PrairieSky Royalty Ltd trades at a price-to-earnings ratio of 29.2 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$12.11 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 31.6. Other multiples: PEG 2.6, P/B 3.2, P/S 14.7, EV/EBITDA 15.6.
What is the PEG ratio of PSK?
The PEG ratio of PrairieSky Royalty Ltd is 2.56 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of PrairieSky Royalty Ltd (PSK)?
Balance-sheet figures for PrairieSky Royalty Ltd (as of Nov 4, 2026): return on equity 10.9%, debt of 0.10 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is PSK from its 52-week high?
PrairieSky Royalty Ltd trades at C$34.78, about 6% below its 52-week high of C$37.05 and 40% above the low of C$24.88 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$12.11 is for.
Which stocks are comparable to PrairieSky Royalty Ltd?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, 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 PrairieSky Royalty Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price C$34.78, calculated fair value C$12.11 (−65%), Quality Score 68/100, from 26 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 PSK calculated?
We run PrairieSky Royalty Ltd through 26 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$12.11 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 13.3% above its aggregate fair value. PrairieSky Royalty Ltd 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 PrairieSky Royalty Ltd (PSK)?
The closing price on Nov 6, 2026 was C$34.78. Our model-based fair value is C$12.11, about 65% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PrairieSky Royalty Ltd right now?
The price sits above even our optimistic bull case (C$15.74). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of PrairieSky Royalty Ltd (PSK) come from?
Earnings per share at PrairieSky Royalty Ltd grew +5.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.7 %, EBIT margin −1.0 %, tax rate −1.4 %, residual (interest, one-offs) +2.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of PrairieSky Royalty Ltd
How large is the market capitalisation of PrairieSky Royalty Ltd (PSK)?
The market capitalisation of PrairieSky Royalty Ltd is C$8.1B (≈ $5.7B). 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 PrairieSky Royalty Ltd (PSK)?
The price-to-sales ratio of PrairieSky Royalty Ltd is 14.7 (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 PrairieSky Royalty Ltd (PSK)?
Earnings per share at PrairieSky Royalty Ltd are C$1.19 (price ÷ EPS = P/E 29.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PrairieSky Royalty Ltd (PSK)?
The dividend yield of PrairieSky Royalty Ltd is 3.0% (payout 88.7%). 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 PrairieSky Royalty Ltd (PSK)?
The net margin of PrairieSky Royalty Ltd is 50.9% (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 PrairieSky Royalty Ltd (PSK)?
The return on equity (ROE) of PrairieSky Royalty Ltd is 10.9% (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 PrairieSky Royalty Ltd (PSK)?
On an EBIT basis the return on assets of PrairieSky Royalty Ltd is 11.8% (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 PrairieSky Royalty Ltd (PSK)?
The operating margin of PrairieSky Royalty Ltd is 72.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PrairieSky Royalty Ltd (PSK)?
Revenue at PrairieSky Royalty Ltd is growing +43.2% versus a year earlier (3y avg −8.3%). 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 PrairieSky Royalty Ltd (PSK)?
Earnings per share at PrairieSky Royalty Ltd are growing +85.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does PrairieSky Royalty Ltd (PSK) carry?
The net debt of PrairieSky Royalty Ltd is C$243M (fiscal year 2025, ≈ 0.9 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 4, 2026