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Bengal Energy Ltd (BNG) fair value: what the stock is really worth

As of Nov 12, 2026: fair value (intrinsic value) of Bengal Energy Ltd stock C$0.04, price C$0.04, that is 7.7% below the price, quality 41 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Energy CA · ISIN CA08184N1006

BE Bengal Energy Ltd logo Thin data Nov 13, 2026

Bengal Energy Ltd

BNG · TO

The stock is already about fairly priced and weak company.

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Low debt 
Revenue last quarter +36% vs. a year ago. 
Fair value C$0.0369 · Fairly valued 
Quality 41/100 
Mixed Growth (revenue 5y −4.0 %/yr in CAD) 
Loss-making · -66.3% net margin (TTM) 
Negative free cash flow 
Trails peers (4/11) 
Narrow moat 10/100 · thin data
Thin data 
⟳ CyclicalEstimate⚠ Thinly traded⚠ Small free float
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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$0.1400 C$0.0100 Fair Value C$0.0369 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.

How to read this chart

60‑month range C$0.0100 – C$0.1400 · fair‑value band C$0.0337 – C$0.0401 · the C$0.0400 price screens above the C$0.0369 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 13, 2026.

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Company profile

Bengal Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas reserves in Australia. It also holds four petroleum licenses located in the Cooper Basin.

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The company was formerly known as Avery Resources Inc. and changed its name to Bengal Energy Ltd. in July 2008. Bengal Energy Ltd. was incorporated in 1996 and is headquartered in Calgary, Canada.

Stock analysis

Bengal Energy Ltd (BNG) currently trades at C$0.0400, while our estimate is C$0.0369, so the stock looks roughly fairly valued today (gap 8.3%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$0.0337 (bear) to C$0.0401 (bull), the price of C$0.0400 sits inside 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 41/100 (below-average quality), in the Energy sector.

Mixed Growth: Spin-off in 2021: revenue and profit before it include the divested business. Growth is measured afresh from 2021.

Bengal Energy Ltd reported revenue of C$4.3M in FY2026 versus C$7.7M in FY2022, a compound −13.6%/yr. Reported net income was −C$3.1M in FY2026.

Key figures

Market cap C$19.4M (≈ $13.6M) Micro · P/S ratio 4.02 · EPS (TTM) C$−0.0100 · Net margin −71.9% · Return on equity −12.7% · Return on assets (EBIT) −2.0% (5-year average) · Operating margin −61.3% · Revenue (TTM) C$4.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 33% below its 52-week high and 300% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −8%, BNG screens richer than that median.

Fair Value

Bear C$0.0337 Fair Value C$0.0369 Bull C$0.0401
Price C$0.0400 · Downside -7.7%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 2
How much profit the company makes from its sales and capital
Quality Growth 61
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 49
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 79
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 80
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

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. 55/100
Spin-off in 2021: revenue and profit before it include the divested business. Growth is measured afresh from 2021.
Revenue growth 1 year
−16.7%
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.
−19.4%
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.
−4.0%
Start year 2021 (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.
−47.4% (2021) → −15.0% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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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 · 287 stocks

Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 41 · Below median
Fair Value upside −7.8% · Above median
Profitability
Return on assets −10.5% · Bottom 25%
Net margin (12 months) −66.3% · Bottom 25%
Operating margin (12 months) −61.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 35.8% · Above median
Balance sheet
Debt / equity 0.08× · Below median

Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper

P/B 0.86× · Cheaper than median
P/S (12 months) 4.22× · Pricier than median
EV/EBITDA 98.1× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)23 · sector 22
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)0 · sector 19
HEALTH (low debt)96 · sector 85
DIVIDEND (yield)0 · sector 71

Context: sector, industry, market

Values & ESG

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

Oil & gas

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Expand Energy Corporation EXE $87.80 $164.80 +88% vs BNG
Diamondback Energy, Inc FANG $182.20 $242.64 +33% vs BNG
CNOOC Limited 0883 HK$22.84 HK$26.80 +17% vs BNG
EQT Corporation EQT $52.36 $57.96 +11% vs BNG
Canadian Natural Resources Limited CNQ $49.11 $53.78 +10% vs BNG
Devon Energy Corporation DVN $46.23 $43.23 −7% vs BNG
Woodside Energy Group WDS $21.24 $19.51 −8% vs BNG
ConocoPhillips explores for, COP $140.06 $92.89 −34% vs BNG
Occidental Petroleum Corporation OXY $58.40 $33.18 −43% vs BNG
Aker BP ASA AKRBP kr 326.40 kr 127.39 −61% vs BNG

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Bengal Energy Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Bengal Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BNG

Frequently asked questions

Is Bengal Energy Ltd (BNG) overvalued or undervalued?
As of Nov 13, 2026, our estimate of fair value is C$0.0369 versus a price of C$0.0400, about 8% lower (fairly valued).
What is the fair value of BNG?
Our estimate for Bengal Energy Ltd is C$0.0369 (as of Nov 13, 2026), built from audited fundamentals. The current price: C$0.0400.
What is the quality score of BNG?
Bengal Energy Ltd has a Quality Score of 41/100. 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 Bengal Energy Ltd (BNG)?
Our calculated price target is the estimate of C$0.0369 (as of Nov 13, 2026). Cautious scenario C$0.0337, optimistic scenario C$0.0401. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Bengal Energy Ltd stock forecast for 2026?
Our estimate puts fair value at C$0.0369, about 8% lower versus a price of C$0.0400 (fairly valued). Cautious scenario C$0.0337, optimistic scenario C$0.0401. The calculation is refreshed regularly with new filings.
What is the revenue of Bengal Energy Ltd (BNG)?
Bengal Energy Ltd reported trailing-twelve-month revenue of about C$4.6M (latest available figure, as of Nov 13, 2026).
What is the intrinsic value of Bengal Energy Ltd (BNG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bengal Energy Ltd it is C$0.0369 per share (as of Nov 13, 2026), against a price of C$0.0400.
Is Bengal Energy Ltd stock overvalued or undervalued in 2026?
As of Nov 13, 2026, BNG trades above its calculated fair value: price C$0.0400, fair value C$0.0369, a gap of about −8% (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 BNG?
No. The price is what the market pays today (C$0.0400); the fair value is what the company's own numbers justify (C$0.0369). For Bengal Energy Ltd the two are C$0.0031 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bengal Energy Ltd worth?
The market values Bengal Energy Ltd at about C$19.4M (market capitalisation, as of Nov 13, 2026). Per share that is C$0.0400; our models calculate a fair value of C$0.0369 per share.
What do the bullish and bearish scenarios say about BNG?
Our models span a range for Bengal Energy Ltd: cautious scenario C$0.0337, base C$0.0369, optimistic C$0.0401 per share (as of Nov 13, 2026, price C$0.0400). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bengal Energy Ltd (BNG)?
Balance-sheet figures for Bengal Energy Ltd (as of Nov 13, 2026): return on equity −12.7%, debt of 0.08 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is BNG from its 52-week high?
Bengal Energy Ltd trades at C$0.0400, about 33% below its 52-week high of C$0.0600 and 300% above the low of C$0.0100 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0369 is for.
Which stocks are comparable to Bengal Energy Ltd?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, Diamondback Energy, 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 Bengal Energy Ltd stock attractive at the current price?
The data as of Nov 13, 2026: price C$0.0400, calculated fair value C$0.0369 (−8%), Quality Score 41/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.3% above its aggregate fair value. Bengal 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 Bengal Energy Ltd (BNG)?
The closing price on Nov 12, 2026 was C$0.0400. Our estimate is C$0.0369, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bengal Energy Ltd right now?
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 Bengal Energy Ltd

How large is the market capitalisation of Bengal Energy Ltd (BNG)?
The market capitalisation of Bengal Energy Ltd is C$19.4M (≈ $13.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bengal Energy Ltd (BNG)?
The price-to-sales ratio of Bengal Energy Ltd is 4.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bengal Energy Ltd (BNG)?
Earnings per share at Bengal Energy Ltd are C$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bengal Energy Ltd (BNG)?
The net margin of Bengal Energy Ltd is −71.9% (fiscal year 2026). 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 Bengal Energy Ltd (BNG)?
The return on equity (ROE) of Bengal Energy Ltd is −12.7% (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 Bengal Energy Ltd (BNG)?
On an EBIT basis the return on assets of Bengal Energy Ltd is −2.0% (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 Bengal Energy Ltd (BNG)?
The operating margin of Bengal Energy Ltd is −61.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bengal Energy Ltd (BNG)?
Revenue at Bengal Energy Ltd is growing +35.8% versus a year earlier (3y avg −19.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Bengal Energy Ltd (BNG)?
Earnings per share at Bengal Energy Ltd are growing +14.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bengal Energy Ltd (BNG) generate?
The free cash flow of Bengal Energy Ltd is −C$486K (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bengal Energy Ltd (BNG) carry?
The net debt of Bengal Energy Ltd is C$1.4M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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