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

As of Sep 28, 2026: fair value of Bengal Energy Ltd C$0.03, price C$0.03, upside +0.0%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Energy · CA · ISIN CA08184N1006

BE Thin data Sep 27, 2026

Bengal Energy Ltd

BNG · TO

Low PriorityFair Value upside is limited and quality is weak.

·Fair value C$0.0300 · Fairly valued (+0.0%)
!Quality 43/100
!Weak Growth (revenue 5y −4.0 %/yr)
!Loss-making · -66.3% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (5/11)
!Narrow moat 10/100
!Insider activity 40/100
!Evidence only low, so the estimate is less certain
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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

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Price vs Fair Value

C$0.1400 C$0.0100 Fair Value C$0.0300 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range C$0.0100 – C$0.1400 · fair‑value band C$0.0270 – C$0.0330 · the C$0.0300 price screens below the C$0.0300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 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. The company was formerly known as Avery Resources Inc. and changed its name to Bengal Energy Ltd. in July 2008. Bengal Energy Ltd.

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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. 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$0.0300, while our model-based Fair Value estimate is C$0.0300, so the stock looks roughly fairly valued today (gap 0.0%).

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the evidence level at low.

Scenario range: C$0.0270 (bear) to C$0.0330 (bull), the price of C$0.0300 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 43/100 (below-average quality), in the Energy sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

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$14.6M (≈ $10.3M) · P/S ratio 2.87 · EPS (TTM) C$−0.0100 · Net margin −71.9% · Return on equity −12.7% · Return on assets (EBIT) −2.0% · Operating margin −13.7% · Revenue (TTM) C$4.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).

What moves the price

The share trades about 50% below its 52-week high and 200% 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 0%, BNG screens richer than that median.

Fair Value models

Bear C$0.0270 Fair Value C$0.0300 Bull C$0.0330
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.
Highest evidence
NCAV (Graham) C$0.0200 C$0.0300 C$0.0400 54
All 1 models by family
Asset-Based
NCAV (Graham) C$0.0200 C$0.0300 C$0.0400 54

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Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 61

Profitability 2
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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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 is shrinking: the last year, the last three and the last five years are all negative.
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). Over 10 years: −9.2% a year
Revenue growth 29 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.
+13.8%
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 · 296 stocks

Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 41 · Below median
Fair Value upside +0.0% · Above median
Profitability
Return on assets −5.7% · Bottom 25%
Net margin (TTM) −66.3% · Bottom 25%
Operating margin (TTM) −13.7% · Bottom 25%
Growth and dividend
Revenue growth 35.8% · Above median
Balance sheet
Debt / equity 0.08× · Below median

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

P/B 0.45× · Cheapest 25%
P/S (TTM) 2.23× · Cheaper than median
EV/EBITDA 55.0× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)33 · sector 32
FUTURE (revenue growth)100 · sector 43
PAST (return on equity)0 · sector 10
HEALTH (low debt)96 · sector 86
DIVIDEND (yield)0 · sector 73

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
ConocoPhillips explores for, COP $127.30 $90.15 −29%
CNOOC Limited 0883 HK$23.40 HK$39.91 +71%
Canadian Natural Resources Limited CNQ $47.41 $52.15 +10%
EOG Resources, Inc EOG $140.35 $165.02 +18%
Occidental Petroleum Corporation OXY $56.86 $33.18 −42%
Devon Energy Corporation DVN $47.05 $51.76 +10%
Diamondback Energy, Inc FANG $186.67 $243.76 +31%
Woodside Energy Group WDS A$31.72 A$23.84 −25%
EQT Corporation EQT $50.81 $55.89 +10%
Texas Pacific Land Corporation TPL $341.07 $317.06 −7%

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Bengal Energy Ltd · Fair Value
C$0.0300 +0%Fair Value
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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 Sep 27, 2026, our model estimates a fair value of C$0.0300 versus a price of C$0.0300, about +0% upside (fairly valued).
What is the fair value of BNG?
Our model-based fair value for Bengal Energy Ltd is C$0.0300 (as of Sep 27, 2026), built from audited fundamentals. The current price: C$0.0300.
What is the quality score of BNG?
Bengal Energy Ltd has a Quality Score of 43/100. 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 model-based price target is the fair value of C$0.0300 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario C$0.0270, optimistic scenario C$0.0330. It is a calculation from audited fundamentals, not an analyst target.
What is the Bengal Energy Ltd stock forecast for 2026?
Our models put fair value at C$0.0300, about +0% upside versus a price of C$0.0300 (fairly valued). Cautious scenario C$0.0270, optimistic scenario C$0.0330. 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 Sep 27, 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$0.0300 per share (as of Sep 27, 2026), against a price of C$0.0300. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Bengal Energy Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BNG trades below its calculated fair value: price C$0.0300, fair value C$0.0300, a gap of about +0% (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$0.0300); the fair value is what the company's own numbers justify (C$0.0300). For Bengal Energy Ltd the two are C$0.0000 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$14.6M (market capitalisation, as of Sep 27, 2026). Per share that is C$0.0300; our models calculate a fair value of C$0.0300 per share.
What do the bullish and bearish scenarios say about BNG?
Our models span a range for Bengal Energy Ltd: cautious scenario C$0.0270, base C$0.0300, optimistic C$0.0330 per share (as of Sep 27, 2026, price C$0.0300). 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 Sep 27, 2026): return on equity −12.7%, debt of 0.08 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is BNG from its 52-week high?
Bengal Energy Ltd trades at C$0.0300, about 50% below its 52-week high of C$0.0600 and 200% above the low of C$0.0100 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0300 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, 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 Bengal Energy Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price C$0.0300, calculated fair value C$0.0300 (+0%), Quality Score 43/100, 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 BNG calculated?
We run Bengal 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 C$0.0300, 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. 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 Sep 28, 2026 was C$0.0300. Our model-based fair value is C$0.0300, about +0% upside (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$14.6M (≈ $10.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bengal Energy Ltd (BNG)?
The price-to-sales ratio of Bengal Energy Ltd is 2.87 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bengal Energy Ltd (BNG)?
Earnings per share at Bengal Energy Ltd are C$−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 −13.7% (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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