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GEI.TO (GEI) Fair Value & Analysis

Energy · CA · Market cap C$5.3B (≈ $3.8B) · ISIN CA3748252069

What is GEI.TO really worth?

GT GEI.TO GEI · TO
PriceC$31.46
Fair ValueC$10.33
Upside−67.2%
Quality43/100

Below-average quality, and trading another 205% above our fair value of C$10.33.

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Risks

!Mixed Growth (revenue 5y +16.7 %/yr)
!Thin margins · 1.4% net margin
!High debt · generates free cash flow
!Trails peers (4/15)
!Narrow moat 36/100
!Weak on future: 2 out of 100

For context

·5.47% dividend yield
Evidence: High Range C$10.33 – C$18.28

Fair value as of: Aug 27, 2026

From 26 valuation models · updated 9 days ago

Share price +0.1% 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$18.28). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

C$32.48 C$15.48 Fair Value C$10.33 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range C$15.48 – C$32.48 · fair‑value band C$10.33 – C$18.28 · the C$31.46 price screens above the C$10.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

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Analysis

GEI.TO (GEI) currently trades at C$31.46, while our model-based Fair Value estimate is C$10.33, implying the stock looks roughly 204.5% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Energy sector. Bull case: the Dividend Discount group reads highest at a median of C$23.95 per share, and 0 of the 26 models we run sit above the C$31.46 price. Bear case: the Economic Profit group reads lowest at C$2.64, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, GEI.TO generated revenue of C$10.7B at a net margin of 1.4%. Revenue grew 0.3% year over year. It earns a return on equity of 15.1%. Net debt stands at C$2.8B. Fundamentals as of Aug 27, 2026

Our scenario range runs from C$10.33 (bear case) to C$18.28 (bull case); at C$31.46, 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 near its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at −67%, GEI screens richer than that median.

Fair Value models

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.

Model 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
Highest evidence
FCF DCF best evidence C$5.44 C$16.73 77
Growth DCF C$4.56 C$13.66 75
Owner Earnings C$4.44 C$15.18 73
All 26 models by family
DCF Models
FCF DCF best evidence C$5.44 C$16.73 77
Owner Earnings C$4.44 C$15.18 73
5Y Revenue Exit C$0.8200 C$11.77 C$26.00 64
5Y EBITDA Exit C$5.07 C$14.20 72
5Y P/E Exit C$3.19 C$10.47 68
10Y Revenue Exit C$8.71 C$22.13 64
10Y EBITDA Exit C$4.12 C$13.18 65
10Y P/E Exit C$2.83 C$10.35 61
Earnings-Based
Graham-Dodd C$7.79 C$26.44 C$35.46 64
Lynch FV C$6.06 C$8.65 C$11.25 61
PEG = 1.0 C$6.06 C$8.65 C$11.25 57
EPV C$0.1900 C$2.64 C$4.76 64
Dividend Discount
Gordon GGM C$14.16 C$28.22 C$42.73 67
DDM Multi-Stage C$14.16 C$23.95 C$29.79 67
Multiples
P/E Multiple C$12.03 C$16.04 C$20.05 63
P/S Multiple C$14.61 C$19.48 C$24.35 58
P/B Multiple C$6.43 C$8.57 C$10.71 55
EV/EBIT C$5.03 C$10.13 61
EV/EBITDA C$2.99 C$7.57 62
EV/Revenue C$3.20 C$11.15 C$19.09 49
Asset-Based
NCAV (Graham) C$2.38 C$3.19 C$4.76 54
Growth DCF
Growth DCF C$4.56 C$13.66 75
Rev-Margin DCF C$0.8200 C$11.64 C$24.34 65
Economic Profit
Residual Income C$6.63 C$7.96 C$19.76 69
ROIC Compounder C$0.1900 C$2.64 C$4.76 65
Growth Earnings
Growth-Adj P/E C$10.87 C$15.52 C$20.18 67

Widest divergence: Dividend Discount (C$23.95) versus Economic Profit (C$2.64). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 35.3
P/S ratio 0.65 P/E × margin
EPS (TTM) C$0.8900 price ÷ EPS = P/E 35.3
Dividend yield 5.5% payout 193%
Net margin 1.8% FY2025
Return on equity 15.1% TTM
More key figures
Profitability
Return on assets (EBIT) 8.2% avg 5y
Operating margin 1.0% TTM
Growth
Revenue (TTM) C$10.7B TTM
Revenue growth (YoY) +0.3% 3y avg −1.1%
EPS growth (YoY) −15.4%
Balance sheet & cash flow
Free cash flow C$207M FY2025
Net debt C$2.8B FY2025 · ≈ 13.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 45 · Market factors (momentum, volatility) 73

Profitability 52
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

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

Gibson Energy Inc., together with its subsidiaries, engages in the gathering, storing, optimizing, and processing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments.

Full company description

Gibson Energy Inc., together with its subsidiaries, engages in the gathering, storing, optimizing, and processing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The company operates a network of infrastructure assets that include terminals, rail loading and unloading facilities, gathering pipelines, diluent recovery unit, and crude oil processing facility. It also purchases, sells, stores, and optimizes hydrocarbon products, including crude oil, natural gas liquids, road asphalt, roofing flux, frac oils, light and heavy straight run distillate. The company was formerly known as Gibson Energy Holdings ULC and changed its name to Gibson Energy Inc. in April 2011. Gibson Energy Inc. was founded in 1953 and is headquartered in Calgary, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GEI.TO reported revenue of C$10.7B in FY2025 versus C$7.2B in FY2021, a compound +10.3%/yr. Reported net income was C$198M in FY2025, compounding +8.0%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$10.7B
Latest YoY
−9.3%
Avg. revenue growth/yr (3Y) 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.
−1.1%
Avg. revenue growth/yr (5Y) 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.
+16.7%
Avg. revenue growth/yr (15Y) 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.
+7.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+9.8% (4.3 + 5.5)
Revenue +10.3%/yr
FY21 C$7.2B
FY22 C$11.0B
FY23 C$11.0B
FY24 C$11.8B
FY25 C$10.7B
Net income +8.0%/yr
FY21 C$145M
FY22 C$223M
FY23 C$214M
FY24 C$152M
FY25 C$198M

GEI screens 205% overvalued. Compare with Enbridge Inc →

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Cite: Fair Value Calculator (2026). "GEI.TO Fair Value". https://www.fairvalue-calculator.com/stock/GEI

Peer Group

Oil & Gas Midstream · 89 stocks

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.

Quality Score 43 · Below median
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 15% · Above median
Return on assets 4% · Below median
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 5.5% · Above median
Debt / equity 3.29× · Higher than 75% of peers

Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper

P/E (TTM) 35.3× · Pricier than 75% of peers
P/B 4.68× · Pricier than 75% of peers
P/S (TTM) 0.36× · Cheaper than 75% of peers
P/FCF 18.5× · Pricier than 75% of peers
EV/EBITDA 13.8× · Pricier than 75% of peers
PEG 1.31× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE2 · sector 44
PAST61 · sector 42
HEALTH0 · sector 54
DIVIDEND100 · sector 80

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $50.72 $35.83 −29%
The Williams Companies, Inc WMB $74.05 $11.73 −84%
Enterprise Products Partners L.P. EPD $39.02 $20.94 −46%
TC Energy Corporation TRP C$88.72 C$24.53 −72%
Kinder Morgan, Inc KMI $31.60 $10.92 −65%
Energy Transfer LP, ET $21.31 $11.45 −46%
MPLX LP owns and MPLX $59.25 $36.42 −39%
ONEOK, Inc OKE $95.69 $58.62 −39%
Targa Resources Corp TRGP $286.91 $79.61 −72%
Cheniere Energy, Inc LNG $280.80 $199.99 −29%

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Frequently asked questions

Is GEI.TO (GEI) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of C$10.33 versus a price of C$31.46, about −67% upside (overvalued).
What is the fair value of GEI?
Our model-based fair value for GEI.TO is C$10.33 (as of Aug 27, 2026), built from audited fundamentals. The current price: C$31.46.
What is the quality score of GEI?
GEI.TO has a Quality Score of 43/100. 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 revenue of GEI.TO (GEI)?
GEI.TO reported trailing-twelve-month revenue of about C$10.7B (latest available figure, as of Aug 27, 2026).
What is the net profit margin of GEI?
The net profit margin of GEI.TO is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.
Does GEI.TO pay a dividend?
GEI.TO currently shows a dividend yield of about 5.47% relative to its recent price (as of Aug 27, 2026).
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