88 Energy Ltd (88E) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of 88 Energy Ltd A$0.02, price A$0.02, upside -5.3%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. The company operates through three segments: Oil and Gas exploration in Alaska, USA.; Oil & Gas production in Texas, USA.; and Oil & Gas exploration, Namibia.
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88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. The company operates through three segments: Oil and Gas exploration in Alaska, USA.; Oil & Gas production in Texas, USA.; and Oil & Gas exploration, Namibia. 88 Energy Limited was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. The company was incorporated in 1996 and is based in Subiaco, Australia.
Stock analysis
88 Energy Ltd (88E) currently trades at A$0.0190, while our model-based Fair Value estimate is A$0.0180, so the stock looks roughly fairly valued today (gap 5.6%).
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
88 Energy Ltd reported revenue of A$345K in FY2025 versus A$1.4K in FY2021, a compound +294.9%/yr. Reported net income was −A$52.9M in FY2025.
Key figures
Market cap A$24.0M (≈ $16.8M) · P/S ratio 69.4 · EPS (TTM) A$−0.0300 · Return on equity −44.8% · Return on assets (EBIT) −3.1% · Operating margin −9,345% · Revenue (TTM) A$345K · Revenue growth (YoY) −58.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 25 out of 100 (low confidence).
What moves the price
The share trades about 54% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −5%, 88E screens richer than that median.
Fair Value models
Bear A$0.0180Fair Value A$0.0180Bull A$0.0180
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−58.0%
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.
+416.9%
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.
+131.1%
Start year 2020 (pandemic)
Revenue growth 25 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.
−5.4%
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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.
−370,958.5% (2020) → −1,334.9% (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
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 · 293 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Below median
Fair Value upside−10.0% · Below median
Profitability
Return on assets−18.4% · Bottom 25%
Growth and dividend
Revenue growth−58.0% · Bottom 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). "88 Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/88E
Frequently asked questions
Is 88 Energy Ltd (88E) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of A$0.0180 versus a price of A$0.0190, about −5% upside (fairly valued).
What is the fair value of 88E?
Our model-based fair value for 88 Energy Ltd is A$0.0180 (as of Sep 27, 2026), built from audited fundamentals. The current price: A$0.0190.
What is the quality score of 88E?
88 Energy Ltd has a Quality Score of 31/100. 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 88 Energy Ltd (88E)?
Our model-based price target is the fair value of A$0.0180 (as of Sep 27, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the 88 Energy Ltd stock forecast for 2026?
Our models put fair value at A$0.0180, about −5% upside versus a price of A$0.0190 (fairly valued). The calculation is refreshed regularly with new filings.
What is the revenue of 88 Energy Ltd (88E)?
88 Energy Ltd reported trailing-twelve-month revenue of about A$345K (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of 88 Energy Ltd (88E)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 88 Energy Ltd it is A$0.0180 per share (as of Sep 27, 2026), against a price of A$0.0190. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is 88 Energy Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 88E trades above its calculated fair value: price A$0.0190, fair value A$0.0180, a gap of about −5% (fairly valued). 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 88E?
No. The price is what the market pays today (A$0.0190); the fair value is what the company's own numbers justify (A$0.0180). For 88 Energy Ltd the two are A$0.0010 per share apart. That gap is exactly why we show both numbers side by side.
How much is 88 Energy Ltd worth?
The market values 88 Energy Ltd at about A$24.0M (market capitalisation, as of Sep 27, 2026). Per share that is A$0.0190; our models calculate a fair value of A$0.0180 per share.
How solid is the balance sheet of 88 Energy Ltd (88E)?
Balance-sheet figures for 88 Energy Ltd (as of Sep 27, 2026): return on equity −44.8%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 88E from its 52-week high?
88 Energy Ltd trades at A$0.0190, about 54% below its 52-week high of A$0.0410 and 6% above the low of A$0.0180 (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0180 is for.
Which stocks are comparable to 88 Energy 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 88 Energy Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price A$0.0190, calculated fair value A$0.0180 (−5%), Quality Score 31/100, 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 88E calculated?
We run 88 Energy Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0180, 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 15.9 % above its aggregate fair value. 88 Energy 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 88 Energy Ltd (88E)?
The closing price on Sep 29, 2026 was A$0.0190. Our model-based fair value is A$0.0180, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 88 Energy Ltd right now?
The price sits above even our optimistic bull case (A$0.0180). The favourable scenario is already priced in. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of 88 Energy Ltd
How large is the market capitalisation of 88 Energy Ltd (88E)?
The market capitalisation of 88 Energy Ltd is A$24.0M (≈ $16.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of 88 Energy Ltd (88E)?
The price-to-sales ratio of 88 Energy Ltd is 69.4 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of 88 Energy Ltd (88E)?
Earnings per share at 88 Energy Ltd are A$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of 88 Energy Ltd (88E)?
The return on equity (ROE) of 88 Energy Ltd is −44.8% (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 88 Energy Ltd (88E)?
On an EBIT basis the return on assets of 88 Energy Ltd is −3.1% (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 88 Energy Ltd (88E)?
The operating margin of 88 Energy Ltd is −9,345% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 88 Energy Ltd (88E)?
Revenue at 88 Energy Ltd is growing −58.0% versus a year earlier (3y avg +417%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does 88 Energy Ltd (88E) generate?
The free cash flow of 88 Energy Ltd is −A$3.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does 88 Energy Ltd (88E) hold?
88 Energy Ltd holds more cash than debt, A$6.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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