URB.TO (URB) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of URB.TO C$10.99, price C$8.86, upside +24.0%, quality 56 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 27, 2026.
How to read this chart
60‑month range C$2.95 – C$10.36 · fair‑value band C$8.24 – C$13.74 · the C$8.86 price screens below the C$10.99 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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Urbana Corporation is an investment fund launched and managed by Caldwell Investment Management Ltd. For its equity investment the fund primarily invests in public equity markets of United States and Canada. The fund primarily focuses on U.S. financial companies and Canadian resource companies for equity investments.
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Urbana Corporation is an investment fund launched and managed by Caldwell Investment Management Ltd. For its equity investment the fund primarily invests in public equity markets of United States and Canada. The fund primarily focuses on U.S. financial companies and Canadian resource companies for equity investments. The fund also focuses on private equity investments. It was formerly known as Macho River Gold Mines Limited. Urbana Corporation is domiciled in Canada.
Stock analysis
URB.TO (URB) currently trades at C$8.86, while our model-based Fair Value estimate is C$10.99, implying the stock looks roughly 19.4% undervalued today.
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Valuation
How firm this estimate is: it rests on 12 models at a data quality of 95/100, which puts the evidence level at medium.
Scenario range: C$8.24 (bear) to C$13.74 (bull), the price of C$8.86 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 56/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
URB.TO reported revenue of −C$14.7M in FY2025 versus C$70.4M in FY2021. Reported net income was C$69.2M in FY2025, compounding +3.6%/yr from FY2021.
Key figures
Market cap C$367M (≈ $259M) · P/E ratio 3.7 · P/S ratio 2.85 · EPS (TTM) C$2.36 · Dividend yield 1.6% · Net margin 76.1% · Return on equity 19.3% · Return on assets (EBIT) 15.5%.
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 14% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 24%, URB screens cheaper than that median.
Fair Value models
Bear C$8.24Fair Value C$10.99Bull C$13.74
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 (C$1.64 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.64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+46.3%
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.
+15.2%
Revenue growth 27 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.
+30.0%
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What shareholders gained per year (last 5 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 5 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.
+12.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.5%
Dividend (yield on the price)1.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.5% vs 16.9%, slowing
Profit margin 2019 to 2024 ⓘ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.96% → 95%
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.Asset Management · 653 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+24.0% · Above median
Profitability
Return on equity (TTM)19.3% · Top 25%
Return on assets12.1% · Top 25%
Net margin (TTM)76.1% · Top 25%
Operating margin (TTM)83.7% · Top 25%
Growth and dividend
Revenue growth−54.9% · Bottom 25%
Dividend yield (TTM)1.6% · Bottom 25%
Valuation Multiplesvs Asset Management 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). "URB.TO Fair Value". https://www.fairvalue-calculator.com/stock/URB
Frequently asked questions
Is URB.TO (URB) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of C$10.99 versus a price of C$8.86, about +24% upside (undervalued).
What is the fair value of URB?
Our model-based fair value for URB.TO is C$10.99 (as of Sep 27, 2026), built from audited fundamentals. The current price: C$8.86.
What is the quality score of URB?
URB.TO has a Quality Score of 56/100. 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 URB.TO (URB)?
Our model-based price target is the fair value of C$10.99 (as of Sep 27, 2026) from 2 valuation models. Cautious scenario C$8.24, optimistic scenario C$13.74. It is a calculation from audited fundamentals, not an analyst target.
What is the URB.TO stock forecast for 2026?
Our models put fair value at C$10.99, about +24% upside versus a price of C$8.86 (undervalued). Cautious scenario C$8.24, optimistic scenario C$13.74. The calculation is refreshed regularly with new filings.
What is the revenue of URB.TO (URB)?
URB.TO reported trailing-twelve-month revenue of about C$128M (latest available figure, as of Sep 27, 2026).
Does URB.TO pay a dividend?
URB.TO currently shows a dividend yield of about 1.58% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of URB.TO (URB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For URB.TO it is C$10.99 per share (as of Sep 27, 2026), against a price of C$8.86. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is URB.TO stock overvalued or undervalued in 2026?
As of Sep 27, 2026, URB trades below its calculated fair value: price C$8.86, fair value C$10.99, a gap of about +24% (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 URB?
No. The price is what the market pays today (C$8.86); the fair value is what the company's own numbers justify (C$10.99). For URB.TO the two are C$2.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is URB.TO worth?
The market values URB.TO at about C$367M (market capitalisation, as of Sep 27, 2026). Per share that is C$8.86; our models calculate a fair value of C$10.99 per share.
What do the bullish and bearish scenarios say about URB?
Our models span a range for URB.TO: cautious scenario C$8.24, base C$10.99, optimistic C$13.74 per share (as of Sep 27, 2026, price C$8.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of URB?
URB.TO trades at a price-to-earnings ratio of 3.7 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$10.99 is built from several models across several years. Other multiples: P/B 0.5, P/S 2.0, EV/EBITDA 3.3.
How solid is the balance sheet of URB.TO (URB)?
Balance-sheet figures for URB.TO (as of Sep 27, 2026): return on equity 19.3%. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is URB from its 52-week high?
URB.TO trades at C$8.86, about 14% below its 52-week high of C$10.36 and 20% above the low of C$7.36 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of C$10.99 is for.
Which stocks are comparable to URB.TO?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, 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 URB.TO stock attractive at the current price?
The data as of Sep 27, 2026: price C$8.86, calculated fair value C$10.99 (+24%), Quality Score 56/100, from 2 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 URB calculated?
We run URB.TO through 2 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$10.99, 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 13.9 % above its aggregate fair value. URB.TO currently trades 24 % 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 URB.TO (URB)?
The closing price on Sep 25, 2026 was C$8.86. Our model-based fair value is C$10.99, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with URB.TO right now?
Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of URB.TO (URB) come from?
Earnings per share at URB.TO grew +17.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +17.7 %, EBIT margin +0.1 %, tax rate +0.0 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of URB.TO
How large is the market capitalisation of URB.TO (URB)?
The market capitalisation of URB.TO is C$367M (≈ $259M). 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 URB.TO (URB)?
The price-to-sales ratio of URB.TO is 2.85 (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 URB.TO (URB)?
Earnings per share at URB.TO are C$2.36 (price ÷ EPS = P/E 3.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of URB.TO (URB)?
The dividend yield of URB.TO is 1.6% (payout 5.9%). 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 URB.TO (URB)?
The net margin of URB.TO is 76.1% (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 URB.TO (URB)?
The return on equity (ROE) of URB.TO is 19.3% (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 URB.TO (URB)?
On an EBIT basis the return on assets of URB.TO is 15.5% (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 URB.TO (URB)?
The operating margin of URB.TO is 83.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at URB.TO (URB)?
Revenue at URB.TO is growing −54.9% versus a year earlier. 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 URB.TO (URB)?
Earnings per share at URB.TO are growing −59.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does URB.TO (URB) generate?
The free cash flow of URB.TO is −C$10.9M (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 URB.TO (URB) carry?
The net debt of URB.TO is C$25.2M (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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