Thermal Energy International Inc
XTSX:TMG

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Thermal Energy International Inc
XTSX:TMG
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Price: 0.155 CAD -8.82% Market Closed
Market Cap: CA$26.8m

P/S

0.9
Current
15%
Cheaper
vs 3-y average of 1

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.9
=
Market Cap
CA$29.9m
/
Revenue
CA$29.7m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
0.9
=
Market Cap
CA$29.9m
/
Revenue
CA$29.7m

Valuation Scenarios

Thermal Energy International Inc is trading below its 3-year average

If P/S returns to its 3-Year Average (1), the stock would be worth CA$0.18 (17% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+226%
Average Upside
71%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 0.9 CA$0.16
0%
3-Year Average 1 CA$0.18
+17%
5-Year Average 1.2 CA$0.21
+33%
Industry Average 0.9 CA$0.16
+6%
Country Average 2.9 CA$0.51
+226%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
CA$29.9m
/
Dec 2025
CA$29.7m
=
0.9
Current
CA$29.9m
/
May 2026
CA$50.2m
=
0.6
Forward

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

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CA
Thermal Energy International Inc
XTSX:TMG
26.5m CAD 0.9 52.2
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 0 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 28 119.8 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 1.4 29.8
US
Parker-Hannifin Corp
NYSE:PH
121.4B USD 5.8 33.8
JP
Freund Corp
TSE:6312
16.9T JPY 607.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
16.1T JPY 3.4 57.4
SE
Atlas Copco AB
STO:ATCO A
839.4B SEK 5 31.8
US
Illinois Tool Works Inc
NYSE:ITW
76.7B USD 4.8 24.9
US
Barnes Group Inc
NYSE:B
64.4B USD 3.8 12.8
SE
Sandvik AB
STO:SAND
477B SEK 3.9 32.2

Market Distribution

Lower than 82% of companies in Canada
Percentile
18th
Based on 2 477 companies
18th percentile
0.9
Low
0 — 1.4
Typical Range
1.4 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.4
Median 2.9
70th Percentile 4.9
Max 15 623 917.6

Thermal Energy International Inc
Glance View

Market Cap
26.8m CAD
Industry
Machinery

Thermal Energy International, Inc. engages in markets, sells, engineers, fabricates, constructs, installs and supports two technology lines. The company is headquartered in Ottawa, Ontario. The company went IPO on 2001-08-20. The firm is a provider of energy and water efficiency and emission reduction products and solutions to the industrial, commercial, and institutional markets. Its geographical location includes Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world. The firm products include FLU-ACE, a direct contact condensing heat recovery system; GEM steam traps, a condensate return system solution; DRY-REX, a low temperature biomass drying system, and HEATSPONGE and SIDEKICK, an indirect contact heat recovery solution. Its GEM Steam Traps deliver approximately 10% to 20% reduction in steam costs. Its FLU-ACE heat recovery systems is used to save recovering heat from power generation systems, evaporator exhausts, dryer exhausts, and other industrial heat sources.

TMG Intrinsic Value
0.309 CAD
Undervaluation 50%
Intrinsic Value
Price CA$0.155
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