High Arctic Energy Services Inc. (HWO) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of High Arctic Energy Services Inc. stock C$1.94, price C$1.18, upside +64.1%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 of our 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. As of Nov 12, 2026.
How to read this chart
60‑month range C$0.7000 – C$2.16 · fair‑value band C$1.44 – C$2.19 · the C$1.18 price screens below the C$1.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 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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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. (HWO) currently trades at C$1.18, while our model-based Fair Value estimate is C$1.94, implying the stock looks roughly 39% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of C$1.15 per share, and 1 of the 9 models we run sit above the C$1.18 price.
Bear case: the Earnings-Based group reads lowest at C$0.2300, and 8 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: C$1.44 (bear) to C$2.19 (bull), the price of C$1.18 sits below 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 55/100 (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 C$15.0M (≈ $10.5M) Micro · P/E ratio 9.1 · P/S ratio 1.29 · EPS (TTM) C$0.1300 · Net margin 14.1% · Return on equity 7.4% · Return on assets (EBIT) −6.7% (5-year average) · Operating margin −5.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −28% fair-value upside, at 64%, HWO screens cheaper than that median.
Fair Value models
BearC$1.44Fair Value C$1.94BullC$2.19
Price C$1.18 · Upside +64.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.1129 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.Coverage ⓘCoverage = 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.
Best data coverage
Owner EarningsC$0.7900C$1.07C$1.5876
Residual IncomeC$1.13C$1.15C$1.2076
Graham-DoddC$0.1900C$0.2300C$0.260067
All 9 models by family
DCF Models
Owner EarningsC$0.7900C$1.07C$1.5876
Earnings-Based
Graham-DoddC$0.1900C$0.2300C$0.260067
Multiples
P/E MultipleC$0.2900C$0.3900C$0.490063
P/S MultipleC$0.3600C$0.4800C$0.600058
P/B MultipleC$2.13C$2.84C$3.5555
EV/EBITDAC$0.5400C$0.7400C$0.950067
Asset-Based
NCAV (Graham)C$0.7900C$1.06C$1.5854
Economic Profit
Residual IncomeC$1.13C$1.15C$1.2076
Growth Earnings
Growth-Adj P/EC$0.2100C$0.3000C$0.390067
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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 · 172 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+64.1% · Top 25%
Profitability
Return on equity (12 months)7.4% · Above median
Return on assets1.2% · Below median
Net margin (12 months)14.1% · Top 25%
Operating margin (12 months)−5.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)23.0% · 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/HWO
Frequently asked questions
Is High Arctic Energy Services Inc. (HWO) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of C$1.94 versus a price of C$1.18, about +64% upside (undervalued).
What is the fair value of HWO?
Our model-based fair value for High Arctic Energy Services Inc. is C$1.94 (as of Nov 12, 2026), built from audited fundamentals. The current price: C$1.18.
What is the quality score of HWO?
High Arctic Energy Services Inc. has a Quality Score of 55/100. 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. (HWO)?
Our model-based price target is the fair value of C$1.94 (as of Nov 12, 2026) from 9 valuation models. Cautious scenario C$1.44, optimistic scenario C$2.19. 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 C$1.94, about +64% upside versus a price of C$1.18 (undervalued). Cautious scenario C$1.44, optimistic scenario C$2.19. The calculation is refreshed regularly with new filings.
What is the revenue of High Arctic Energy Services Inc. (HWO)?
High Arctic Energy Services Inc. reported trailing-twelve-month revenue of about C$11.6M (latest available figure, as of Nov 12, 2026).
What is the intrinsic value of High Arctic Energy Services Inc. (HWO)?
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 C$1.94 per share (as of Nov 12, 2026), against a price of C$1.18. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is High Arctic Energy Services Inc. stock overvalued or undervalued in 2026?
As of Nov 12, 2026, HWO trades below its calculated fair value: price C$1.18, fair value C$1.94, a gap of about +64% (undervalued). 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 HWO?
No. The price is what the market pays today (C$1.18); the fair value is what the company's own numbers justify (C$1.94). For High Arctic Energy Services Inc. the two are C$0.7560 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 C$15.0M (market capitalisation, as of Nov 12, 2026). Per share that is C$1.18; our models calculate a fair value of C$1.94 per share.
What do the bullish and bearish scenarios say about HWO?
Our models span a range for High Arctic Energy Services Inc.: cautious scenario C$1.44, base C$1.94, optimistic C$2.19 per share (as of Nov 12, 2026, price C$1.18). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HWO?
High Arctic Energy Services Inc. trades at a price-to-earnings ratio of 9.1 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$1.94 is built from several models across several years. Other multiples: P/B 0.7, P/S 1.3, EV/EBITDA 11.5.
How solid is the balance sheet of High Arctic Energy Services Inc. (HWO)?
Balance-sheet figures for High Arctic Energy Services Inc. (as of Nov 12, 2026): return on equity 7.4%, debt of 0.14 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is HWO from its 52-week high?
High Arctic Energy Services Inc. trades at C$1.18, about 9% below its 52-week high of C$1.29 and 46% above the low of C$0.8100 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of C$1.94 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, Tenaris S.A, 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 Nov 12, 2026: price C$1.18, calculated fair value C$1.94 (+64%), Quality Score 55/100, 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 HWO calculated?
We run High Arctic Energy Services Inc. through 9 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$1.94 builds on their evidence-weighted average, 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 14.3% above its aggregate fair value. High Arctic Energy Services Inc. currently trades 39% below its own fair value, and the market average says nothing about that. 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. (HWO)?
The closing price on Nov 12, 2026 was C$1.18. Our model-based fair value is C$1.94, about +64% upside (undervalued). 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 is below even our cautious bear case (C$1.44). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of High Arctic Energy Services Inc.
How large is the market capitalisation of High Arctic Energy Services Inc. (HWO)?
The market capitalisation of High Arctic Energy Services Inc. is C$15.0M (≈ $10.5M). 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. (HWO)?
The price-to-sales ratio of High Arctic Energy Services Inc. is 1.29 (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 High Arctic Energy Services Inc. (HWO)?
Earnings per share at High Arctic Energy Services Inc. are C$0.1300 (price ÷ EPS = P/E 9.1). 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. (HWO)?
The net margin of High Arctic Energy Services Inc. is 14.1% (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 High Arctic Energy Services Inc. (HWO)?
The return on equity (ROE) of High Arctic Energy Services Inc. is 7.4% (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. (HWO)?
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. (HWO)?
The operating margin of High Arctic Energy Services Inc. is −5.5% (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. (HWO)?
Revenue at High Arctic Energy Services Inc. is growing +23.0% 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. (HWO)?
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. (HWO) 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. (HWO) carry?
The net debt of High Arctic Energy Services Inc. is C$997K (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Why does High Arctic Energy Services Inc. not meet the fair value rule although the fair value shown is higher?
Trough year lifted: C$1.06 → C$1.94. The latest year was a trough or loss year. So we calculate with a normal year: C$1.94 instead of C$1.06. As in the backtest, the fair value rule checks the value before: -10% against the price.
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Nov 12, 2026