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STOCK COMPARISON

enCore Energy Corp. Common Shares vs Cameco: Fair Value & Quality

Both stocks run through our valuation models. Here is how enCore Energy Corp. Common Shares (EU) and Cameco (CCJ) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees enCore Energy Corp. Common Shares as the less overvalued of the two: enCore Energy Corp. Common Shares trades at $1.25 versus a fair value of $0.79 (-37%), while Cameco trades at $97.39 versus $9.62 (-90%).
enCore Energy Corp. Common Shares
EU · USD · Energy
-37%
upside to fair value
overvalued
Price$1.25
Fair Value$0.79
Quality25/100
Cameco
CCJ · USD · Energy
-90%
upside to fair value
overvalued
Price$97.39
Fair Value$9.62
Quality66/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

enCore Energy Corp. Common SharesCameco
Valuation
P/E (TTM)91.4×
7.42×P/S (TTM)11.82×
1.40×P/B6.06×
EV/EBITDA46.6×
PEG1.92×
Dividend yield0.3%
Dividend per share$0.24
Profitability
-63%Net margin18%
-134%Operating margin18%
-12%Return on equity10%
-11%Return on assets4%
Growth
0%Revenue growth (YoY)7%
118.1%Avg. growth/yr (3Y)23.0%
Avg. growth/yr (5Y)14.1%
Balance & size
0.48×Debt / equity0.14×
$320MMarket cap$42B
mixedGrowth qualityhealthy

Cameco leads: 3 to 6 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

enCore Energy Corp. Common Sharesof which business quality 25 · market factors 8 Camecoof which business quality 66 · market factors 40
ProfitabilityMargins and returns on capital today
1
38
Quality GrowthAre margins and returns improving?
49
51
CashflowEarnings quality: real cash, not paper profit
0
92
Fin. StrengthBalance sheet, leverage, solvency risk
48
76
InvestmentDisciplined investing over empire-building
45
66
Low VolatilityCalm price path (market factor)
22
36
MomentumPrice trend over the last 3–12 months (market factor)
3
35
52W MomentumDistance to the 52-week high (market factor)
0
55
Net IssuanceBuybacks instead of dilution
27
71

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

enCore Energy Corp. Common Shares

Asset-Based$0.79

1 of 1 models see the stock below the current price.

Cameco

DCF Models$23.86
Earnings-Based$9.25
Dividend Discount$4.07
Multiples$13.04
Asset-Based$10.61
Growth DCF$29.15
Economic Profit$12.38
Growth Earnings$17.32

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

enCore Energy Corp. Common Shares
Bear $0.59Fair Value $0.79Bull $1.18
$1.25 = current price (white tick)
Cameco
Bear $7.27Fair Value $9.62Bull $11.98
$97.39 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

enCore Energy Corp. Common Shares · Energy

Quality score25 · bottom 25%
Fair value upside-37% · below median

Cameco · Energy

Quality score66 · Top 25%
Fair value upside-90% · bottom 25%

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees enCore Energy Corp. Common Shares as the less overvalued of the two: enCore Energy Corp. Common Shares trades at $1.25 versus a fair value of $0.79 (-37%), while Cameco trades at $97.39 versus $9.62 (-90%).

Cameco has the higher quality score (66/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.