Questerre Energy Corporation (QEC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Questerre Energy Corporation stock C$0.21, price C$0.29, that is 27.6% below the price, quality 24 out of 100. Rating: overvalued. Calculated from audited financials with 6 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 9, 2026.
How to read this chart
60‑month range C$0.1354 – C$0.4255 · fair‑value band C$0.0600 – C$0.4500 · the C$0.2900 price screens above the C$0.2100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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Questerre Energy Corporation, an energy technology and innovation company, engages in the acquisition, exploration and development of oil and gas projects in Canada. It is also involved in non-conventional projects, such as tight oil, oil shale, shale oil, and shale gas.
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In addition, the company holds a 25% working interest in 10,080 acres in Kakwa Central; a 50% working interest in 4,480 acres in Kakwa North; a 50% interest in 22,040 acres in Kakwa West; a 50% interest in 3,840 acres in Kakwa South in Canada; and a 100% working interest in 14,730 acres located in Antler, Southeast Saskatchewan.
Further, it is involved in oil shale mining located in Sao Mateus do Sul, Parana, Brazil and in the Uintah Basin in the state of Utah. The company was formerly known as Westpro Equipment Ltd. and changed its name to Questerre Energy Corporation in December 2000.
Questerre Energy Corporation was incorporated in 1971 and is headquartered in Calgary, Canada.
Stock analysis
Questerre Energy Corporation (QEC) currently trades at C$0.2900, while our model-based Fair Value estimate is C$0.2100, 28% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$0.1250 per share, and 0 of the 6 models we run sit above the C$0.2900 price.
Bear case: the Asset-Based group reads lowest at C$0.0400, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: C$0.0600 (bear) to C$0.4500 (bull), the price of C$0.2900 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 24/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Questerre Energy Corporation reported revenue of C$77.1M in FY2025 versus C$30.4M in FY2021, a compound +26.2%/yr. Reported net income was −C$78.9M in FY2025.
Key figures
Market cap C$132M (≈ $93.3M) Micro · P/S ratio 0.94 · EPS (TTM) C$−0.1600 · Net margin −48.9% · Return on equity −59.6% · Return on assets (EBIT) 1.5% (5-year average) · Operating margin 6.8% · Revenue (TTM) C$140M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades about 19% below its 52-week high and 26% 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 −28%, QEC screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (C$0.0200 to C$0.2100). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
BearC$0.0600Fair Value C$0.2100BullC$0.4500
Price C$0.2900 · Downside -27.6%
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.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
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+125.9%
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.
+14.2%
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.
+28.6%
Start year 2020 (pandemic). Over 10 years: +13.4% a year
Revenue growth 24 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.
+12.8%
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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.
−15.0% (2020) → −24.9% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+41.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +38.7% a year for the price.
Compare Questerre Energy 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 E&P · 239 stocks
Beats the industry median on 2/11 measures
Overall it trails its industry peers.
Valuation
Quality Score24 · Bottom 25%
Fair Value upside−27.6% · Below median
Profitability
Return on assets−20.0% · Bottom 25%
Net margin (12 months)−48.9% · Bottom 25%
Operating margin (12 months)6.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)317.9% · Top 25%
Balance sheet
Debt / equity1.31× · Highest 25%
Valuation Multiplesvs Oil & Gas E&P 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). "Questerre Energy Corporation Fair Value". https://www.fairvalue-calculator.com/stock/QEC
Frequently asked questions
Is Questerre Energy Corporation (QEC) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of C$0.2100 versus a price of C$0.2900, about 28% lower (overvalued).
What is the fair value of QEC?
Our model-based fair value for Questerre Energy Corporation is C$0.2100 (as of Nov 9, 2026), built from audited fundamentals. The current price: C$0.2900.
What is the quality score of QEC?
Questerre Energy Corporation has a Quality Score of 24/100. 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 Questerre Energy Corporation (QEC)?
Our model-based price target is the fair value of C$0.2100 (as of Nov 9, 2026) from 6 valuation models. Cautious scenario C$0.0600, optimistic scenario C$0.4500. It is a calculation from audited fundamentals, not an analyst target.
What is the Questerre Energy Corporation stock forecast for 2026?
Our models put fair value at C$0.2100, about 28% lower versus a price of C$0.2900 (overvalued). Cautious scenario C$0.0600, optimistic scenario C$0.4500. The calculation is refreshed regularly with new filings.
What is the revenue of Questerre Energy Corporation (QEC)?
Questerre Energy Corporation reported trailing-twelve-month revenue of about C$140M (latest available figure, as of Nov 9, 2026).
What growth is priced into Questerre Energy Corporation (QEC)?
For today's price to be fair in a discounted-cash-flow model, Questerre Energy Corporation would have to grow free cash flow by +41.6 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.6 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of QEC use?
Our models discount Questerre Energy Corporation at 12.5 %: a base by market capitalisation (micro), 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 Questerre Energy Corporation that is +41.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Questerre Energy Corporation (QEC) delivered so far?
Over the past 5 years revenue at Questerre Energy Corporation grew +28.6 % a year. The price currently implies free-cash-flow growth of +41.6 % 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 Questerre Energy Corporation (QEC) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Questerre Energy Corporation (+41.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Questerre Energy Corporation (QEC)?
The free-cash-flow yield on the price is 2.28 %: that much free cash flow Questerre Energy Corporation produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Questerre Energy Corporation (QEC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Questerre Energy Corporation it is C$0.2100 per share (as of Nov 9, 2026), against a price of C$0.2900. It is the blended result of 6 valuation models in 3 families (DCF Models, Asset-Based, Growth DCF).
Is Questerre Energy Corporation stock overvalued or undervalued in 2026?
As of Nov 9, 2026, QEC trades above its calculated fair value: price C$0.2900, fair value C$0.2100, a gap of about −28% (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 QEC?
No. The price is what the market pays today (C$0.2900); the fair value is what the company's own numbers justify (C$0.2100). For Questerre Energy Corporation the two are C$0.0800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Questerre Energy Corporation worth?
The market values Questerre Energy Corporation at about C$132M (market capitalisation, as of Nov 9, 2026). Per share that is C$0.2900; our models calculate a fair value of C$0.2100 per share.
What do the bullish and bearish scenarios say about QEC?
Our models span a range for Questerre Energy Corporation: cautious scenario C$0.0600, base C$0.2100, optimistic C$0.4500 per share (as of Nov 9, 2026, price C$0.2900). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Questerre Energy Corporation (QEC)?
Balance-sheet figures for Questerre Energy Corporation (as of Nov 9, 2026): return on equity −59.6%, debt of 1.31 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is QEC from its 52-week high?
Questerre Energy Corporation trades at C$0.2900, about 19% below its 52-week high of C$0.3600 and 26% above the low of C$0.2300 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.2100 is for.
Which stocks are comparable to Questerre Energy Corporation?
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 Questerre Energy Corporation stock attractive at the current price?
The data as of Nov 9, 2026: price C$0.2900, calculated fair value C$0.2100 (−28%), Quality Score 24/100, from 6 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 QEC calculated?
We run Questerre Energy Corporation through 6 models from 3 families: DCF Models, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of C$0.2100 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. Questerre Energy Corporation 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 Questerre Energy Corporation (QEC)?
The closing price on Nov 6, 2026 was C$0.2900. Our model-based fair value is C$0.2100, about 28% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Questerre Energy Corporation right now?
Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (C$0.0600 to C$0.4500). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Questerre Energy Corporation
How large is the market capitalisation of Questerre Energy Corporation (QEC)?
The market capitalisation of Questerre Energy Corporation is C$132M (≈ $93.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Questerre Energy Corporation (QEC)?
The price-to-sales ratio of Questerre Energy Corporation is 0.94 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Questerre Energy Corporation (QEC)?
Earnings per share at Questerre Energy Corporation are C$−0.1600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Questerre Energy Corporation (QEC)?
The net margin of Questerre Energy Corporation is −48.9% (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 Questerre Energy Corporation (QEC)?
The return on equity (ROE) of Questerre Energy Corporation is −59.6% (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 Questerre Energy Corporation (QEC)?
On an EBIT basis the return on assets of Questerre Energy Corporation is 1.5% (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 Questerre Energy Corporation (QEC)?
The operating margin of Questerre Energy Corporation is 6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Questerre Energy Corporation (QEC)?
Revenue at Questerre Energy Corporation is growing +318% versus a year earlier (3y avg +14.2%). 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 Questerre Energy Corporation (QEC)?
Earnings per share at Questerre Energy Corporation are growing −25.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Questerre Energy Corporation (QEC) carry?
The net debt of Questerre Energy Corporation is C$76.8M (fiscal year 2025, ≈ 25.5 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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Nov 9, 2026