STOCK COMPARISON
Tourmaline Oil vs Cnooc: Fair Value & Quality
Both stocks run through our valuation models. Here is how Tourmaline Oil (TOU) and Cnooc (0883) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Tourmaline Oil trades at C$59.56 versus a fair value of C$23.47 (-61%), while Cnooc trades at HK$22.70 versus HK$26.35 (+16%).
Tourmaline Oil
TOU.TO · CAD · Energy
-61%
upside to fair value
overvalued
PriceC$59.56
Fair ValueC$23.47
Quality45/100
Cnooc
0883.HK · HKD · Energy
+16%
upside to fair value
undervalued
PriceHK$22.70
Fair ValueHK$26.35
Quality62/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Tourmaline OilCnooc
Valuation
34.5×P/E (TTM)7.7×
3.75×P/S (TTM)2.67×
1.13×P/B1.35×
7.4×EV/EBITDA4.3×
0.30×PEG0.16×
3.2%Dividend yield5.0%
C$2.00Dividend per shareHK$1.15
Profitability
15%Net margin31%
65%Operating margin45%
5%Return on equity15%
2%Return on assets9%
Growth
4%Revenue growth (YoY)9%
-6.4%Avg. growth/yr (3Y)-3.7%
21.2%Avg. growth/yr (5Y)20.0%
Balance & size
0.07×Debt / equity0.07×
$17BMarket cap$139B
expensiveGrowth qualityexpensive
Cnooc leads: 4 to 10 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.
Tourmaline Oilof which business quality 41 · market factors 52
Cnoocof which business quality 64 · market factors 55
ProfitabilityMargins and returns on capital today
17
55
Quality GrowthAre margins and returns improving?
37
36
CashflowEarnings quality: real cash, not paper profit
60
76
Fin. StrengthBalance sheet, leverage, solvency risk
55
84
InvestmentDisciplined investing over empire-building
49
40
Low VolatilityCalm price path (market factor)
88
83
MomentumPrice trend over the last 3–12 months (market factor)
38
39
52W MomentumDistance to the 52-week high (market factor)
37
52
Net IssuanceBuybacks instead of dilution
29
79
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.
Tourmaline Oil
DCF ModelsC$23.54
Earnings-BasedC$15.97
Dividend DiscountC$57.18
MultiplesC$11.50
Asset-BasedC$26.63
Growth DCFC$16.21
Economic ProfitC$26.78
Growth EarningsC$20.42
19 of 23 models see the stock below the current price.
Cnooc
DCF ModelsHK$49.31
Earnings-BasedHK$27.87
Dividend DiscountHK$25.25
MultiplesHK$49.40
Asset-BasedHK$12.08
Growth DCFHK$38.18
Economic ProfitHK$32.53
Growth EarningsHK$41.10
5 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.
Tourmaline Oil
Bear C$14.55Fair Value C$23.47Bull C$29.79
C$59.56 = current price (white tick)
Cnooc
Bear HK$19.80Fair Value HK$26.35Bull HK$33.85
HK$22.70 = current price (white tick)
Compare two other stocks
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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.
Tourmaline Oil · Energy
Quality score45 · below median
Fair value upside-61% · bottom 25%
Cnooc · Energy
Quality score62 · Top 25%
Fair value upside+16% · above median
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Tourmaline Oil trades at C$59.56 versus a fair value of C$23.47 (-61%), while Cnooc trades at HK$22.70 versus HK$26.35 (+16%).
Cnooc has the higher quality score (62/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
