What is Tourmaline Oil Corp/ADR (TRMLF)'s fair-value range?

EvidInvest does not publish a fair-value range for Tourmaline Oil Corp/ADR (TRMLF). Financials are filed in CAD; our prices are in USD, so these methods need a conversion we do not yet publish. The filed statements, the filing citations and the growth history are all available at https://evidinvest.com/valuation/TRMLF. Not investment advice.

How is Tourmaline Oil Corp/ADR (TRMLF)'s fair value calculated?

Tourmaline Oil Corp/ADR (TRMLF)'s fair value is computed with several independent methods — a discounted cash flow (DCF) model, the Graham number, earnings power value (EPV), and valuation multiples (PE, EV/EBITDA, P/S, P/B) benchmarked against its industry — using data from SEC filings.

What is Tourmaline Oil Corp/ADR (TRMLF)'s PE ratio versus its industry?

EvidInvest shows Tourmaline Oil Corp/ADR (TRMLF)'s current and historical PE ratio alongside its sector and industry averages, so you can see whether the stock trades at a premium or discount to peers. Full breakdown at https://evidinvest.com/valuation/TRMLF.

Fair value · Tourmaline Oil Corp/ADR (TRMLF) · updated 2026-09-13 · from 40-F FY2025

Tourmaline Oil Corp/ADR trades at $42.80. We are not reading assumptions out of that price: financials are filed in CAD; our prices are in USD, so these methods need a conversion we do not yet publish.

Everything below is unaffected: the filed statements, the filing they came from, and TRMLF’s growth history are all as reported.

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The filing behind these numbers

Tourmaline Oil Corp/ADR

Revenue: CAD 5.8B
Diluted EPS: CAD 0.69
Free cash flow: CAD 378.8M; operating cash flow − capital expenditure
Diluted shares: 383.9M; weighted average

40-F FY2025 · fiscal year ended 2025-12-31 · filed 2025-12-31

Trailing-twelve-month EPS also uses the quarterly 6-Ks through Q2 FY2026 (filed 2026-06-30).

Open the 40-F list on sec.govCIK 2071881

Valuation tool: build your own TRMLF range

Fair Value Summary

Daily Price — TRMLF

Your range0 of 7 methods

At least two methods need a usable value to draw a range with these inputs.

Range with preset inputs

No preset range for this company yet.

The two ranges are identical because every input sits on a preset.

We don’t tell you what TRMLF is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has TRMLF’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.

Discounted cash flow

N/A

Financials are filed in CAD; our prices are in USD, so these methods need a conversion we do not yet publish.

Preset inputs — revenue-driven DCF from the latest filing

Implied by today’s price

Financials are filed in CAD; our prices are in USD, so these methods need a conversion we do not yet publish.

Not solvable from the price — Financials are filed in CAD; our prices are in USD, so these methods need a conversion we do not yet publish. Showing preset inputs.

This method has no key input to read out of the price. The others below do, and you set them yourself: the growth matrix shows what TRMLF has actually filed, and the AI chat will reason it through with you.

Your inputs

Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.

Stage-1 growth5.0%

Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.

-20.0%60.0%

Stage-1 years5 yrs

How long stage-1 growth lasts.

1 yrs10 yrs

Stage-2 growth2.5%

Slower growth after stage 1, before the terminal phase.

-20.0%30.0%

Stage-2 years5 yrs

0 yrs10 yrs

Terminal growth2.5%

Growth forever after the two stages. Above ~3% is rarely justified.

0.0%5.0%

Discount rate (WACC)5.66%

The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.

3.00%15.00%

Net debt ($M)Debt minus cash, from the balance sheet. Subtracted from enterprise value.

Starting FCF ($M)Latest free cash flow from the filing (operating cash flow minus capex).

Shares (M)Diluted shares, from the filing.

Year by year (two-stage model, $M)

PV explicit $3,538M · PV terminal $10,236M · EV $13,774M · equity $11,884M

Year	Stage	FCF	Present value
1	Stage 1	$398M	$377M
2	Stage 1	$418M	$374M
3	Stage 1	$439M	$372M
4	Stage 1	$461M	$370M
5	Stage 1	$484M	$367M
6	Stage 2	$496M	$356M
7	Stage 2	$508M	$346M
8	Stage 2	$521M	$335M
9	Stage 2	$534M	$325M
10	Stage 2	$547M	$316M

Inputs from the filing

Financials are filed in CAD; our prices are in USD, so these methods need a conversion we do not yet publish.

Free cash flow: CAD 209.1M; sum of the last four quarters
EBIT: CAD 69.4M; latest annual
Shares: 374.1M
Total debt: CAD 1.9B
Cash: CAD 0
Net debt: CAD 1.9B; debt − cash

40-F FY2025 · period ended 2025-12-31 · filed 2025-12-31 · sec.gov

Prefer a blank slate with reverse DCF? Open the standalone DCF / reverse DCF for TRMLF

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Tourmaline Oil Corp/ADR trades at $42.80. We are not reading assumptions out of that price: financials are filed in CAD; our prices are in USD, so these methods need a conversion we do not yet publish.

The filing behind these numbers

Valuation tool: build your own TRMLF range

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Valuation tool: build your own TRMLF range

Daily Price — TRMLF

Your range0 of 7 methods

Range with preset inputs

Your inputs

Year by year (two-stage model, $M)

More on TRMLF

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