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Steer Technologies Inc. (ARGH) fair value: what the stock is really worth

We calculate from audited financials what Steer Technologies Inc. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

Valuation from Jun 23, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · CA

ST Thin data Jun 23, 2026

Steer Technologies Inc.

ARGH · V

Weakest SetupStrongly overvalued and low quality.

!Fair value C$0.0340 · Strongly overvalued (−88%)
!Quality 19/100
!Weak Growth (revenue 5y −10.9 %/yr)
!Negative equity (buybacks among others) · negative free cash flow
!Trails peers (1/6)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$14.93 C$0.0550 Fair Value C$0.0340 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 23, 2026.

How to read this chart

60‑month range C$0.0550 – C$14.93 · fair‑value band C$0.0255 – C$0.0510 · the C$0.2800 price screens above the C$0.0340 fair value. Dashed = 300-day average. As of Jun 23, 2026.

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Company profile

Argo Corporation provides technology-enabled transit solutions in Canada. The company offers Argo Transit, a platform that offers municipalities a full service, electrified, and scalable transit solution, which Argo Transit has been deployed can use the Argo app to request trips at or near door for a standard transit fare.

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Argo Corporation provides technology-enabled transit solutions in Canada. The company offers Argo Transit, a platform that offers municipalities a full service, electrified, and scalable transit solution, which Argo Transit has been deployed can use the Argo app to request trips at or near door for a standard transit fare. It also provides Argo School, a platform to serve the student transportation market. The company was formerly known as Steer Technologies Inc. and changed its name to Argo Corporation in July 2024. Argo Corporation was founded in 2016 is headquartered in Toronto, Canada.

Stock analysis

Steer Technologies Inc. (ARGH) currently trades at C$0.2800, while our model-based Fair Value estimate is C$0.0340, implying the stock looks roughly 723.7% overvalued today.

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Valuation

How firm this estimate is: it rests on 3 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: C$0.0255 (bear) to C$0.0510 (bull), the price of C$0.2800 sits above 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 19/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Steer Technologies Inc. reported revenue of C$2.2M in FY2025 versus C$25.4M in FY2021, a compound −45.7%/yr. Reported net income was −C$15.2M in FY2025.

Key figures

Market cap C$85.3M (≈ $60.3M) · P/S ratio 18.4 · EPS (TTM) C$−0.0900 · Net margin −246% · Return on equity −319% · Return on assets (EBIT) −64.0% · Operating margin −42.0% · Revenue (TTM) C$4.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 46% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at −88%, ARGH screens richer than that median.

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Quality Score breakdown

Overall quality 19/100

Of which business quality 21 · Market factors (momentum, volatility) 20

Profitability 0
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+41.2%
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.
−65.7%
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.
−10.9%
Start year 2020 (pandemic)
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.
−432.1% (2020) → −717.4% (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

ARGH screens 724% overvalued. Compare with SAP SE →

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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.Software - Application · 720 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 19 · Bottom 25%
Fair Value upside −88% · Bottom 25%
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −34% · Bottom 25%
Operating margin (TTM) −42% · Bottom 25%
Growth and dividend
Revenue growth 474% · Top 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM) 13.04× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)100 · sector 38
PAST (return on equity)0 · sector 16
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 30

VALUE 0: the price sits above our fair-value range.

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €182.32 €159.06 −13%
Shopify Inc SHOP $147.74 $64.36 −56%
Uber Technologies, Inc UBER $69.89 $104.82 +50%
Salesforce, Inc CRM $233.28 $344.41 +48%
ServiceNow, Inc NOW $137.00 $150.70 +10%
Cadence Design Systems, Inc CDNS $302.95 $225.14 −26%
Snowflake Inc SNOW $336.59 $75.08 −78%
Datadog, Inc DDOG $247.48 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $269.64 $177.51 −34%

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Steer Technologies Inc. · Fair Value
C$0.0340 −724%Fair Value
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Cite: Fair Value Calculator (2026). "Steer Technologies Inc. Fair Value". https://www.fairvalue-calculator.com/stock/ARGH

Frequently asked questions

Is Steer Technologies Inc. (ARGH) overvalued or undervalued?
As of Jun 23, 2026, our model estimates a fair value of C$0.0340 versus a price of C$0.2800, about −88% upside (overvalued).
What is the fair value of ARGH?
Our model-based fair value for Steer Technologies Inc. is C$0.0340 (as of Jun 23, 2026), built from audited fundamentals. The current price: C$0.2800.
What is the quality score of ARGH?
Steer Technologies Inc. has a Quality Score of 19/100. 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 Steer Technologies Inc. (ARGH)?
Our model-based price target is the fair value of C$0.0340 (as of Jun 23, 2026) from 3 valuation models. Cautious scenario C$0.0255, optimistic scenario C$0.0510. It is a calculation from audited fundamentals, not an analyst target.
What is the Steer Technologies Inc. stock forecast for 2026?
Our models put fair value at C$0.0340, about −88% upside versus a price of C$0.2800 (overvalued). Cautious scenario C$0.0255, optimistic scenario C$0.0510. The calculation is refreshed regularly with new filings.
What is the revenue of Steer Technologies Inc. (ARGH)?
Steer Technologies Inc. reported trailing-twelve-month revenue of about C$4.6M (latest available figure, as of Jun 23, 2026).
What is the intrinsic value of Steer Technologies Inc. (ARGH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Steer Technologies Inc. it is C$0.0340 per share (as of Jun 23, 2026), against a price of C$0.2800. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Steer Technologies Inc. stock overvalued or undervalued in 2026?
As of Jun 23, 2026, ARGH trades above its calculated fair value: price C$0.2800, fair value C$0.0340, a gap of about −88% (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 ARGH?
No. The price is what the market pays today (C$0.2800); the fair value is what the company's own numbers justify (C$0.0340). For Steer Technologies Inc. the two are C$0.2460 per share apart. That gap is exactly why we show both numbers side by side.
How much is Steer Technologies Inc. worth?
The market values Steer Technologies Inc. at about C$85.3M (market capitalisation, as of Jun 23, 2026). Per share that is C$0.2800; our models calculate a fair value of C$0.0340 per share.
What do the bullish and bearish scenarios say about ARGH?
Our models span a range for Steer Technologies Inc.: cautious scenario C$0.0255, base C$0.0340, optimistic C$0.0510 per share (as of Jun 23, 2026, price C$0.2800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Steer Technologies Inc. (ARGH)?
Balance-sheet figures for Steer Technologies Inc. (as of Jun 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
How far is ARGH from its 52-week high?
Steer Technologies Inc. trades at C$0.2800, about 46% below its 52-week high of C$0.5200 and 12% above the low of C$0.2500 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0340 is for.
Which stocks are comparable to Steer Technologies Inc.?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Steer Technologies Inc. stock attractive at the current price?
The data as of Jun 23, 2026: price C$0.2800, calculated fair value C$0.0340 (−88%), Quality Score 19/100, from 3 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 ARGH calculated?
We run Steer Technologies Inc. through 3 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 C$0.0340, 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 13.2 % above its aggregate fair value. Steer Technologies Inc. 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 Steer Technologies Inc. (ARGH)?
The closing price on Sep 23, 2026 was C$0.2800. Our model-based fair value is C$0.0340, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Steer Technologies Inc. right now?
The price sits above even our optimistic bull case (C$0.0510). The favourable scenario is already priced in. Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (C$0.0255 to C$0.0510) leaves room in how you read the outcome.

Key figures of Steer Technologies Inc.

How large is the market capitalisation of Steer Technologies Inc. (ARGH)?
The market capitalisation of Steer Technologies Inc. is C$85.3M (≈ $60.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Steer Technologies Inc. (ARGH)?
The price-to-sales ratio of Steer Technologies Inc. is 18.4 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Steer Technologies Inc. (ARGH)?
Earnings per share at Steer Technologies Inc. are C$−0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Steer Technologies Inc. (ARGH)?
The net margin of Steer Technologies Inc. is −246% (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 Steer Technologies Inc. (ARGH)?
The return on equity (ROE) of Steer Technologies Inc. is −319% (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 Steer Technologies Inc. (ARGH)?
On an EBIT basis the return on assets of Steer Technologies Inc. is −64.0% (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 Steer Technologies Inc. (ARGH)?
The operating margin of Steer Technologies Inc. is −42.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Steer Technologies Inc. (ARGH)?
Revenue at Steer Technologies Inc. is growing +474% versus a year earlier (3y avg −65.7%). 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 Steer Technologies Inc. (ARGH) generate?
The free cash flow of Steer Technologies Inc. is −C$2.1M (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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