RGSI.TO (RGSI) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of RGSI.TO C$27.87, price C$23.43, upside +19.0%, 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. As of Sep 24, 2026.
How to read this chart
11‑month range C$22.77 – C$30.79 · fair‑value band C$18.26 – C$41.00 · the C$23.43 price screens below the C$27.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 24, 2026.
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Rockpoint Gas Storage Inc. owns and operates natural gas storage infrastructure facilities in North America. It serves utilities, producers, pipelines, power generators, LNG operators, financial institutions, and marketers. The company was founded in 1988 and is headquartered in Calgary, Canada. Rockpoint Gas Storage Inc.
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Rockpoint Gas Storage Inc. owns and operates natural gas storage infrastructure facilities in North America. It serves utilities, producers, pipelines, power generators, LNG operators, financial institutions, and marketers. The company was founded in 1988 and is headquartered in Calgary, Canada. Rockpoint Gas Storage Inc. is a subsidiary of Brookfield Infrastructure Holdings (Canada) Inc.
Stock analysis
RGSI.TO (RGSI) currently trades at C$23.43, while our model-based Fair Value estimate is C$27.87, implying the stock looks roughly 15.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$26.35 per share, and 7 of the 21 models we run sit above the C$23.43 price.
Bear case: the Growth DCF group reads lowest at C$7.60, and 14 of the 21 models stay below the price. Evidence for this calculation is medium.
Scenario range: C$18.26 (bear) to C$41.00 (bull), the price of C$23.43 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 53/100 (solid quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
RGSI.TO reported revenue of $479M in FY2026 versus $265M in FY2023, a compound +21.9%/yr. Reported net income was $207M in FY2026, compounding +51.0%/yr from FY2023. FY2023 was a trough year, so the rate overstates the trend.
Key figures
Market cap C$4.0B (≈ $2.8B) · P/E ratio 13.6 · P/S ratio 5.86 · EPS (TTM) C$2.21 · Dividend yield 1.9% · Net margin 43.2% · Return on assets (EBIT) 26.3% · Operating margin 92.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −11% fair-value upside, at 19%, RGSI screens cheaper than that median.
Fair Value models
Bear C$18.26Fair Value C$27.87Bull C$41.00
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 2026 figures (about 6 months old). Earnings retained since then (C$0.8583 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.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.89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−9.2%
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.
+21.9%
’23
’24
’25
’26
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−23.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−25.7%
Dividend (yield on the price)1.9%
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +7.7% a year for the price and +2.2% for the forecasts.
Price, fair value, quality and upside side by side.
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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.Utilities - Regulated Gas · 107 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside+19% · Above median
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 assets17% · Top 25%
Net margin (TTM)53% · Top 25%
Operating margin (TTM)93% · Top 25%
Growth and dividend
Revenue growth−6% · Below median
Dividend yield (TTM)1.9% · Bottom 25%
Balance sheet
Debt / equityNegative 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 Utilities - Regulated Gas median · lower = cheaper
P/E (TTM)13.6× · Cheaper than median
P/BNegative 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)7.26× · Priciest 25%
P/FCF18.0× · Priciest 25%
EV/EBITDA10.0× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)59· sector 36
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 35
HEALTH (low debt)0· sector 83
DIVIDEND (yield)38· sector 72
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "RGSI.TO Fair Value". https://www.fairvalue-calculator.com/stock/RGSI
Frequently asked questions
Is RGSI.TO (RGSI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of C$27.87 versus a price of C$23.43, about +19% upside (undervalued).
What is the fair value of RGSI?
Our model-based fair value for RGSI.TO is C$27.87 (as of Sep 24, 2026), built from audited fundamentals. The current price: C$23.43.
What is the quality score of RGSI?
RGSI.TO 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 RGSI.TO (RGSI)?
Our model-based price target is the fair value of C$27.87 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario C$18.26, optimistic scenario C$41.00. It is a calculation from audited fundamentals, not an analyst target.
What is the RGSI.TO stock forecast for 2026?
Our models put fair value at C$27.87, about +19% upside versus a price of C$23.43 (undervalued). Cautious scenario C$18.26, optimistic scenario C$41.00. The calculation is refreshed regularly with new filings.
What is the revenue of RGSI.TO (RGSI)?
RGSI.TO reported trailing-twelve-month revenue of about $389M (latest available figure, as of Sep 24, 2026).
Does RGSI.TO pay a dividend?
RGSI.TO currently shows a dividend yield of about 1.88% relative to its recent price (as of Sep 24, 2026).
What growth is priced into RGSI.TO (RGSI)?
For today's price to be fair in a discounted-cash-flow model, RGSI.TO would have to grow free cash flow by +10.3 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +21.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of RGSI use?
Our models discount RGSI.TO at 9.5 %: a base by market capitalisation (mid), country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For RGSI.TO that is +10.3 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has RGSI.TO (RGSI) delivered so far?
Over the past 3 years revenue at RGSI.TO grew +21.9 % a year. The price currently implies +10.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of RGSI.TO (RGSI) growing?
The median revenue growth in the sector is +0.7 % a year. That is the yardstick for the growth priced into RGSI.TO (+10.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of RGSI.TO (RGSI)?
The free-cash-flow yield on the price is 7.12 %: that much free cash flow RGSI.TO produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of RGSI.TO (RGSI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RGSI.TO it is C$27.87 per share (as of Sep 24, 2026), against a price of C$23.43. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is RGSI.TO stock overvalued or undervalued in 2026?
As of Sep 24, 2026, RGSI trades below its calculated fair value: price C$23.43, fair value C$27.87, a gap of about +19% (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 RGSI?
No. The price is what the market pays today (C$23.43); the fair value is what the company's own numbers justify (C$27.87). For RGSI.TO the two are C$4.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is RGSI.TO worth?
The market values RGSI.TO at about C$4.0B (market capitalisation, as of Sep 24, 2026). Per share that is C$23.43; our models calculate a fair value of C$27.87 per share.
What do the bullish and bearish scenarios say about RGSI?
Our models span a range for RGSI.TO: cautious scenario C$18.26, base C$27.87, optimistic C$41.00 per share (as of Sep 24, 2026, price C$23.43). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RGSI?
RGSI.TO trades at a price-to-earnings ratio of 13.6 (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 C$27.87 is built from several models across several years. Other multiples: P/S 7.3, EV/EBITDA 10.0.
How solid is the balance sheet of RGSI.TO (RGSI)?
Balance-sheet figures for RGSI.TO (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is RGSI from its 52-week high?
RGSI.TO trades at C$23.43, about 24% below its 52-week high of C$30.79 and 3% above the low of C$22.77 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of C$27.87 is for.
Which stocks are comparable to RGSI.TO?
From the same area (Utilities) we also value Naturgy Energy Group, Atmos Energy Corporation, NiSource Inc, Uniper SE, 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 RGSI.TO stock attractive at the current price?
The data as of Sep 24, 2026: price C$23.43, calculated fair value C$27.87 (+19%), Quality Score 53/100, from 21 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 RGSI calculated?
We run RGSI.TO through 21 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$27.87, 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 14.1 % above its aggregate fair value. RGSI.TO currently trades 19 % 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 RGSI.TO (RGSI)?
The closing price on Sep 23, 2026 was C$23.43. Our model-based fair value is C$27.87, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RGSI.TO right now?
A fairly wide model range (C$18.26 to C$41.00) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of RGSI.TO
How large is the market capitalisation of RGSI.TO (RGSI)?
The market capitalisation of RGSI.TO is C$4.0B (≈ $2.8B). 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 RGSI.TO (RGSI)?
The price-to-sales ratio of RGSI.TO is 5.86 (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 RGSI.TO (RGSI)?
Earnings per share at RGSI.TO are C$2.21 (price ÷ EPS = P/E 13.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of RGSI.TO (RGSI)?
The dividend yield of RGSI.TO is 1.9% (payout 19.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of RGSI.TO (RGSI)?
The net margin of RGSI.TO is 43.2% (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 EBIT return on assets of RGSI.TO (RGSI)?
On an EBIT basis the return on assets of RGSI.TO is 26.3% (avg 3y). 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 RGSI.TO (RGSI)?
The operating margin of RGSI.TO is 92.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RGSI.TO (RGSI)?
Revenue at RGSI.TO is growing −5.8% versus a year earlier (3y avg +21.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does RGSI.TO (RGSI) carry?
The net debt of RGSI.TO is $1.3B (fiscal year 2026, ≈ 8.1 yrs of FCF). 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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