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Thinkific Labs Inc
TSX:THNC

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Thinkific Labs Inc
TSX:THNC
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Price: 1.53 CAD 2% Market Closed
Market Cap: CA$103.6m

EV/S

0.4
Current
62%
Cheaper
vs 3-y average of 0.9

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.4
=
Enterprise Value
CA$27.6m
/
Revenue
$73.2m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.4
=
Enterprise Value
CA$27.6m
/
Revenue
$73.2m

Valuation Scenarios

Thinkific Labs Inc is trading below its 3-year average

If EV/S returns to its 3-Year Average (0.9), the stock would be worth CA$4.04 (164% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+728%
Average Upside
414%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.4 CA$1.53
0%
3-Year Average 0.9 CA$4.04
+164%
5-Year Average 1.1 CA$4.69
+206%
Industry Average 2.3 CA$10.04
+556%
Country Average 2.9 CA$12.67
+728%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
CA$27.6m
/
Jan 2026
$73.2m
=
0.4
Current
CA$27.6m
/
Dec 2026
$77.5m
=
0.4
Forward
CA$27.6m
/
Dec 2027
$83m
=
0.3
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Lower than 98% of companies in Canada
Percentile
2st
Based on 2 384 companies
2st percentile
0.4
Low
0 — 1.7
Typical Range
1.7 — 5.7
High
5.7 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.7
Median 2.9
70th Percentile 5.7
Max 15 639 353.3

Thinkific Labs Inc
Glance View

Market Cap
103.6m CAD
Industry
Media

Thinkific Labs, Inc. engages in the development, management, and marketing of cloud-based, multi-tenant platform that enables business-building. The company is headquartered in Vancouver, British Columbia and currently employs 450 full-time employees. The company went IPO on 2021-04-27. The firm's platform provides its creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling online courses and other learning products, which consists of customized courses, communities, membership sites, and other experiences that its creators can create, sell and deliver using the platform (collectively, Learning Products). The firm allows its creators to build and deliver Learning Products for their audiences under their own brands. Its platform also enables its creators to build, market, sell and deliver their products with enterprise-grade functionality.

THNC Intrinsic Value
1.25 CAD
Overvaluation 18%
Intrinsic Value
Price CA$1.53
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