High Arctic Energy Services Inc (HGHAF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of High Arctic Energy Services Inc $0.75, price $0.77, upside -2.6%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $0.4292 – $3.35 · fair‑value band $0.5600 – $0.7500 · the $0.7700 price screens above the $0.7500 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Western Canada. It operates through two segments: Rental Services and Investments and Corporate.
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High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Western Canada. It operates through two segments: Rental Services and Investments and Corporate. The company leases oilfield and pressure control equipment comprising high-pressure blowout preventers, high pressure valves and spooling, high pressure pipework, boilers, pumps, lighting towers, oilfield tubular handling tools, and rig shacks. It also provides snubbing and well servicing services. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada.
Stock analysis
High Arctic Energy Services Inc (HGHAF) currently trades at $0.7700, while our model-based Fair Value estimate is $0.7500, so the stock looks roughly fairly valued today (gap 2.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $1.26 per share, and 3 of the 9 models we run sit above the $0.7700 price.
Bear case: the Earnings-Based group reads lowest at $0.1600, and 6 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.5600 (bear) to $0.7500 (bull), the price of $0.7700 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 53/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
High Arctic Energy Services Inc reported revenue of C$10.6M in FY2025 versus C$76.4M in FY2021, a compound −38.9%/yr. Reported net income was C$356K in FY2025.
Key figures
Market cap $9.7M · P/E ratio 9.6 · P/S ratio 0.32 · EPS (TTM) $0.0800 · Net margin 3.3% · Return on equity 6.0% · Return on assets (EBIT) −6.7% · Operating margin −7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −3%, HGHAF screens cheaper than that median.
Fair Value models
Bear $0.5600Fair Value $0.7500Bull $0.7500
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.0605 per share) are deliberately not added.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.25/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+1.6%
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.
−49.0%
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.
−34.9%
Start year 2020 (pandemic). Over 10 years: −25.8% a year
Revenue growth 20 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.
−9.7%
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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.
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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 Equipment & Services · 184 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+60.0% · Top 25%
Profitability
Return on equity (TTM)6.0% · Below median
Return on assets−1.6% · Bottom 25%
Net margin (TTM)12.1% · Top 25%
Operating margin (TTM)−7.5% · Bottom 25%
Growth and dividend
Revenue growth17.1% · Above median
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Oil & Gas Equipment & Services 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). "High Arctic Energy Services Inc Fair Value". https://www.fairvalue-calculator.com/stock/HGHAF
Frequently asked questions
Is High Arctic Energy Services Inc (HGHAF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.7500 versus a price of $0.7700, about −3% upside (fairly valued).
What is the fair value of HGHAF?
Our model-based fair value for High Arctic Energy Services Inc is $0.7500 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.7700.
What is the quality score of HGHAF?
High Arctic Energy Services Inc has a Quality Score of 53/100. 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 High Arctic Energy Services Inc (HGHAF)?
Our model-based price target is the fair value of $0.7500 (as of Sep 24, 2026) from 9 valuation models. Cautious scenario $0.5600, optimistic scenario $0.7500. It is a calculation from audited fundamentals, not an analyst target.
What is the High Arctic Energy Services Inc stock forecast for 2026?
Our models put fair value at $0.7500, about −3% upside versus a price of $0.7700 (fairly valued). Cautious scenario $0.5600, optimistic scenario $0.7500. The calculation is refreshed regularly with new filings.
What is the revenue of High Arctic Energy Services Inc (HGHAF)?
High Arctic Energy Services Inc reported trailing-twelve-month revenue of about C$11.0M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of High Arctic Energy Services Inc (HGHAF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For High Arctic Energy Services Inc it is $0.7500 per share (as of Sep 24, 2026), against a price of $0.7700. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is High Arctic Energy Services Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HGHAF trades above its calculated fair value: price $0.7700, fair value $0.7500, a gap of about −3% (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 HGHAF?
No. The price is what the market pays today ($0.7700); the fair value is what the company's own numbers justify ($0.7500). For High Arctic Energy Services Inc the two are $0.0200 per share apart. That gap is exactly why we show both numbers side by side.
How much is High Arctic Energy Services Inc worth?
The market values High Arctic Energy Services Inc at about $9.7M (market capitalisation, as of Sep 24, 2026). Per share that is $0.7700; our models calculate a fair value of $0.7500 per share.
What do the bullish and bearish scenarios say about HGHAF?
Our models span a range for High Arctic Energy Services Inc: cautious scenario $0.5600, base $0.7500, optimistic $0.7500 per share (as of Sep 24, 2026, price $0.7700). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HGHAF?
High Arctic Energy Services Inc trades at a price-to-earnings ratio of 9.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.7500 is built from several models across several years. Other multiples: P/B 0.4, P/S 0.9, EV/EBITDA 7.8.
How solid is the balance sheet of High Arctic Energy Services Inc (HGHAF)?
Balance-sheet figures for High Arctic Energy Services Inc (as of Sep 24, 2026): return on equity 6.0%, debt of 0.14 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is HGHAF from its 52-week high?
High Arctic Energy Services Inc trades at $0.7700, at its 52-week high of $0.7700 and 28% above the low of $0.6000 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.7500 is for.
Which stocks are comparable to High Arctic Energy Services Inc?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton Company, 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 High Arctic Energy Services Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $0.7700, calculated fair value $0.7500 (−3%), Quality Score 53/100, from 9 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 HGHAF calculated?
We run High Arctic Energy Services Inc through 9 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 $0.7500, 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 14.5 % above its aggregate fair value. High Arctic Energy Services 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 High Arctic Energy Services Inc (HGHAF)?
The closing price on Oct 2, 2026 was $0.7700. Our model-based fair value is $0.7500, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with High Arctic Energy Services Inc right now?
The price sits above even our optimistic bull case ($0.7500). 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 High Arctic Energy Services Inc
How large is the market capitalisation of High Arctic Energy Services Inc (HGHAF)?
The market capitalisation of High Arctic Energy Services Inc is $9.7M. 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 High Arctic Energy Services Inc (HGHAF)?
The price-to-sales ratio of High Arctic Energy Services Inc is 0.32 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of High Arctic Energy Services Inc (HGHAF)?
Earnings per share at High Arctic Energy Services Inc are $0.0800 (price ÷ EPS = P/E 9.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of High Arctic Energy Services Inc (HGHAF)?
The net margin of High Arctic Energy Services Inc is 3.3% (fiscal year 2025). 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 High Arctic Energy Services Inc (HGHAF)?
The return on equity (ROE) of High Arctic Energy Services Inc is 6.0% (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 High Arctic Energy Services Inc (HGHAF)?
On an EBIT basis the return on assets of High Arctic Energy Services Inc is −6.7% (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 High Arctic Energy Services Inc (HGHAF)?
The operating margin of High Arctic Energy Services Inc is −7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at High Arctic Energy Services Inc (HGHAF)?
Revenue at High Arctic Energy Services Inc is growing +17.1% versus a year earlier (3y avg −49.0%). 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 High Arctic Energy Services Inc (HGHAF)?
Earnings per share at High Arctic Energy Services Inc are growing −96.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does High Arctic Energy Services Inc (HGHAF) generate?
The free cash flow of High Arctic Energy Services Inc is −C$173K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does High Arctic Energy Services Inc (HGHAF) carry?
The net debt of High Arctic Energy Services Inc is C$996K (fiscal year 2025). 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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Thin data
Sep 24, 2026