SEA.TO (SEA) Fair Value & Analysis
Basic Materials · CA · Market cap C$5.1B (≈ $3.7B) · ISIN CA8119161054
What is SEA.TO really worth?
Below-average quality, and trading another 530% above our fair value of C$6.99.
As of Aug 30, 2026, the fair value of SEA.TO is C$6.99 per share against a price of C$44.04, so the fair value sits 84% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Risks
Fair value as of: Aug 30, 2026
From 1 valuation models · updated 7 days ago
Share price +7.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (C$10.43). The favourable scenario is already priced in.
- Weak quality (19/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (C$5.21 to C$10.43) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range C$9.81 – C$50.28 · fair‑value band C$5.21 – C$10.43 · the C$44.04 price screens above the C$6.99 fair value. Dashed = 300-day average. As of Aug 30, 2026.
Analysis
SEA.TO (SEA) currently trades at C$44.04, while our model-based Fair Value estimate is C$6.99, implying the stock looks roughly 530.1% overvalued today. The Quality Score stands at 19/100 (below-average quality), in the Basic Materials sector. How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
It earns a return on equity of −6.4%. Net debt stands at C$482M. The stock trades on a trailing P/E of 175.6 (as of Aug 27, 2026). Fundamentals as of Aug 30, 2026
Our scenario range runs from C$5.21 (bear case) to C$10.43 (bull case); at C$44.04, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 130% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −84%, SEA screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$0.1842 per share, which is 2.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 24 · Market factors (momentum, volatility) 53
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. It explores for gold, silver, copper, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc. and changed its name to Seabridge Gold Inc. in June 2002. Seabridge Gold Inc.
Full company description
Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. It explores for gold, silver, copper, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc. and changed its name to Seabridge Gold Inc. in June 2002. Seabridge Gold Inc. was incorporated in 1979 and is based in Toronto, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SEA.TO reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$53.2M in FY2025.
SEA screens 530% overvalued. Compare with Newmont Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Gitxsan Huwilp Government Withdraws Support for KSM Mine in Solidarity with Tsetsaut Skii km Lax Ha Nation: Calls on B.C. Government and Sea
- Wall Street Sees Huge Upside As Seabridge Gold (SA) Builds For Long Term
- Seabridge Gold Reports Maiden Snip North Resource Estimate at Its Iskut Project in B.C.'s Golden Triangle
- Decision to Issue Construction Permits for Seabridge Gold's KSM Mitchell Treaty Tunnels Delayed
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $128.00 | $112.82 | −12% |
| Zijin Mining Group 601899 | ¥32.21 | ¥39.42 | +22% |
| Agnico Eagle Mines Limited AEM | C$268.76 | C$213.40 | −21% |
| Barrick Mining Corporation B | $41.23 | $50.66 | +23% |
| Franco-Nevada Corporation FNV | $266.18 | $96.63 | −64% |
| Wheaton Precious Metals Corp WPM | C$201.40 | C$56.05 | −72% |
| AngloGold Ashanti plc AU | $97.92 | $88.63 | −9% |
| Kinross Gold Corporation KGC | $30.87 | $34.62 | +12% |
| Royal Gold, Inc RGLD | $262.85 | $93.56 | −64% |
| Northern Star Resources Limited NST | A$23.19 | A$15.98 | −31% |
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