Pason Systems Inc.

TSX:PSI Stock Report

Market Cap: CA$945.0m

Pason Systems Valuation

Is PSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of PSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PSI (CA$12.15) is trading below our estimate of future cash flow value (CA$35.85)

Significantly Below Future Cash Flow Value: PSI is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PSI?

Key metric: As PSI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PSI. This is calculated by dividing PSI's market cap by their current earnings.
What is PSI's PE Ratio?
PE Ratio15.2x
EarningsCA$62.11m
Market CapCA$944.96m

Price to Earnings Ratio vs Peers

How does PSI's PE Ratio compare to its peers?

The above table shows the PE ratio for PSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
TOT Total Energy Services
9.6x16.30%CA$584.3m
TCW Trican Well Service
13.2x6.77%CA$1.4b
MATR Mattr
18.6x33.71%CA$506.0m
NOA North American Construction Group
15.7x30.80%CA$585.8m
PSI Pason Systems
15.2x7.95%CA$945.0m

Price-To-Earnings vs Peers: PSI is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (14.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does PSI's PE Ratio compare vs other companies in the CA Energy Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
FLNT Flint
0.1xn/aUS$2.57m
No more companies available in this PE range
PSI 15.2xIndustry Avg. 18.6xNo. of Companies4PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PSI is good value based on its Price-To-Earnings Ratio (15.2x) compared to the North American Energy Services industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

What is PSI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PSI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.2x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: PSI is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PSI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$12.15
CA$14.30
+17.70%
6.10%CA$15.50CA$13.00n/a5
Jan ’27CA$11.99
CA$14.40
+20.10%
9.42%CA$17.00CA$13.00n/a5
Dec ’26CA$12.20
CA$14.40
+18.03%
9.42%CA$17.00CA$13.00n/a5
Nov ’26CA$11.95
CA$14.40
+20.50%
9.42%CA$17.00CA$13.00n/a5
Oct ’26CA$12.08
CA$14.80
+22.52%
9.93%CA$17.00CA$13.00n/a5
Sep ’26CA$11.75
CA$14.80
+25.96%
9.93%CA$17.00CA$13.00n/a5
Aug ’26CA$11.60
CA$15.00
+29.31%
9.43%CA$17.00CA$13.00n/a5
Jul ’26CA$12.28
CA$15.20
+23.78%
8.73%CA$17.00CA$13.00n/a5
Jun ’26CA$12.10
CA$15.00
+23.97%
9.43%CA$17.00CA$13.00n/a5
May ’26CA$11.10
CA$15.20
+36.94%
8.73%CA$17.00CA$13.00n/a5
Apr ’26CA$13.32
CA$17.40
+30.63%
7.13%CA$19.50CA$16.00n/a5
Mar ’26CA$12.31
CA$17.70
+43.79%
6.59%CA$19.50CA$16.00n/a5
Feb ’26CA$13.20
CA$18.20
+37.88%
3.73%CA$19.50CA$17.50n/a5
Jan ’26CA$13.61
CA$18.20
+33.73%
3.73%CA$19.50CA$17.50CA$11.995
Dec ’25CA$14.17
CA$18.30
+29.15%
4.76%CA$20.00CA$17.50CA$12.205
Nov ’25CA$13.39
CA$18.20
+35.92%
5.38%CA$20.00CA$17.00CA$11.955
Oct ’25CA$13.73
CA$19.60
+42.75%
5.20%CA$21.00CA$18.00CA$12.085
Sep ’25CA$14.31
CA$19.17
+33.94%
15.19%CA$22.00CA$13.00CA$11.756
Aug ’25CA$16.23
CA$20.17
+24.26%
12.29%CA$22.00CA$15.00CA$11.606
Jul ’25CA$18.43
CA$19.67
+6.71%
11.24%CA$22.00CA$15.00CA$12.286
Jun ’25CA$16.49
CA$19.00
+15.22%
11.25%CA$22.00CA$15.00CA$12.107
May ’25CA$15.88
CA$19.00
+19.65%
10.53%CA$21.00CA$15.00CA$11.107
Apr ’25CA$16.43
CA$18.43
+12.16%
9.99%CA$21.00CA$15.00CA$13.327
Mar ’25CA$14.09
CA$18.43
+30.79%
9.99%CA$21.00CA$15.00CA$12.317
Feb ’25CA$14.85
CA$18.86
+26.98%
10.39%CA$21.00CA$15.00CA$13.207
Jan ’25CA$16.17
CA$18.71
+15.73%
11.32%CA$21.00CA$15.00CA$13.617
CA$14.3
Fair Value
15.0% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/26 11:44
End of Day Share Price 2026/01/23 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pason Systems Inc. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dana BennerATB Capital Markets
Randy OllenbergerBMO Capital Markets Equity Research
null nullBMO Capital Markets Equity Research