Largo Physical Vanadium Corp (VAND) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Largo Physical Vanadium Corp stock C$0.97, price C$0.60, upside +61.7%, quality 59 out of 100. Rating: strongly undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
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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
49‑month range C$0.5300 – C$2.22 · fair‑value band C$0.7200 – C$1.45 · the C$0.6000 price screens below the C$0.9700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Largo Physical Vanadium Corp., a vanadium holding company, that purchases and holds physical vanadium in Canada. The company is based in Toronto, Canada. Largo Physical Vanadium Corp. is a subsidiary of Largo Inc.
Stock analysis
Largo Physical Vanadium Corp (VAND) currently trades at C$0.6000, while our model-based Fair Value estimate is C$0.9700, implying the stock looks roughly 38% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the data coverage at low.
Scenario range: C$0.7200 (bear) to C$1.45 (bull), the price of C$0.6000 sits below 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 59/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Largo Physical Vanadium Corp reported revenue of $440K in FY2025 versus $882K in FY2022, a compound −20.7%/yr. Reported net income was −$325K in FY2025.
Key figures
Market cap C$10.1M (≈ $7.2M) Micro · P/E ratio 2.4 · P/S ratio 2.12 · EPS (TTM) C$0.2500 · Net margin 90.5% · Return on equity 16.5% · Return on assets (EBIT) −12.8% (4-year average) · Operating margin 6.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at 62%, VAND screens cheaper than that median.
Fair Value models
BearC$0.7200Fair Value C$0.9700BullC$1.45
Price C$0.6000 · Upside +61.7%
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 12 months old). Earnings retained since then (C$0.2500 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.16/100
Revenue growth is weak, negative or inconsistent.
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
Compare Largo Physical Vanadium Corp with another stock
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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.Other Industrial Metals & Mining · 372 stocks
Beats the industry median on 8/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside+61.7% · Top 25%
Profitability
Return on equity (12 months)16.5% · Top 25%
Return on assets−1.8% · Above median
Net margin (12 months)90.5% · Top 25%
Operating margin (12 months)6.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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Is Largo Physical Vanadium Corp (VAND) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of C$0.9700 versus a price of C$0.6000, about +62% upside (undervalued).
What is the fair value of VAND?
Our model-based fair value for Largo Physical Vanadium Corp is C$0.9700 (as of Nov 9, 2026), built from audited fundamentals. The current price: C$0.6000.
What is the quality score of VAND?
Largo Physical Vanadium Corp has a Quality Score of 59/100. 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 Largo Physical Vanadium Corp (VAND)?
Our model-based price target is the fair value of C$0.9700 (as of Nov 9, 2026) from 1 valuation models. Cautious scenario C$0.7200, optimistic scenario C$1.45. It is a calculation from audited fundamentals, not an analyst target.
What is the Largo Physical Vanadium Corp stock forecast for 2026?
Our models put fair value at C$0.9700, about +62% upside versus a price of C$0.6000 (undervalued). Cautious scenario C$0.7200, optimistic scenario C$1.45. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Largo Physical Vanadium Corp (VAND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Largo Physical Vanadium Corp it is C$0.9700 per share (as of Nov 9, 2026), against a price of C$0.6000. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Largo Physical Vanadium Corp stock overvalued or undervalued in 2026?
As of Nov 9, 2026, VAND trades below its calculated fair value: price C$0.6000, fair value C$0.9700, a gap of about +62% (undervalued). 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 VAND?
No. The price is what the market pays today (C$0.6000); the fair value is what the company's own numbers justify (C$0.9700). For Largo Physical Vanadium Corp the two are C$0.3700 per share apart. That gap is exactly why we show both numbers side by side.
How much is Largo Physical Vanadium Corp worth?
The market values Largo Physical Vanadium Corp at about C$10.1M (market capitalisation, as of Nov 9, 2026). Per share that is C$0.6000; our models calculate a fair value of C$0.9700 per share.
What do the bullish and bearish scenarios say about VAND?
Our models span a range for Largo Physical Vanadium Corp: cautious scenario C$0.7200, base C$0.9700, optimistic C$1.45 per share (as of Nov 9, 2026, price C$0.6000). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VAND?
Largo Physical Vanadium Corp trades at a price-to-earnings ratio of 2.4 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$0.9700 is built from several models across several years. Other multiples: P/B 0.4, P/S 2.1.
How solid is the balance sheet of Largo Physical Vanadium Corp (VAND)?
Balance-sheet figures for Largo Physical Vanadium Corp (as of Nov 9, 2026): return on equity 16.5%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is VAND from its 52-week high?
Largo Physical Vanadium Corp trades at C$0.6000, about 41% below its 52-week high of C$1.01 and at the low of C$0.6000 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.9700 is for.
Which stocks are comparable to Largo Physical Vanadium Corp?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, 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 Largo Physical Vanadium Corp stock attractive at the current price?
The data as of Nov 9, 2026: price C$0.6000, calculated fair value C$0.9700 (+62%), Quality Score 59/100, from 1 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 VAND calculated?
We run Largo Physical Vanadium Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of C$0.9700 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. Largo Physical Vanadium Corp currently trades 38% 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 Largo Physical Vanadium Corp (VAND)?
The closing price on Nov 5, 2026 was C$0.6000. Our model-based fair value is C$0.9700, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Largo Physical Vanadium Corp right now?
The price is below even our cautious bear case (C$0.7200). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (C$0.7200 to C$1.45) leaves room in how you read the outcome.
Key figures of Largo Physical Vanadium Corp
How large is the market capitalisation of Largo Physical Vanadium Corp (VAND)?
The market capitalisation of Largo Physical Vanadium Corp is C$10.1M (≈ $7.2M). 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 Largo Physical Vanadium Corp (VAND)?
The price-to-sales ratio of Largo Physical Vanadium Corp is 2.12 (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 Largo Physical Vanadium Corp (VAND)?
Earnings per share at Largo Physical Vanadium Corp are C$0.2500 (price ÷ EPS = P/E 2.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Largo Physical Vanadium Corp (VAND)?
The net margin of Largo Physical Vanadium Corp is 90.5% (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 Largo Physical Vanadium Corp (VAND)?
The return on equity (ROE) of Largo Physical Vanadium Corp is 16.5% (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 Largo Physical Vanadium Corp (VAND)?
On an EBIT basis the return on assets of Largo Physical Vanadium Corp is −12.8% (avg 4y). 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 Largo Physical Vanadium Corp (VAND)?
The operating margin of Largo Physical Vanadium Corp is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Largo Physical Vanadium Corp (VAND) generate?
The free cash flow of Largo Physical Vanadium Corp is −$647K (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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Thin data
Nov 9, 2026