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Surge Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Surge Energy and similar public comparables like Frontera Energy, Gulf Keystone Petroleum, Amplitude Energy, Terpel and more.
Surge Energy Overview
About Surge Energy
Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.
Founded
1998
HQ

Employees
83
Website
Sectors
Financials (LTM)
EV
$744M
Surge Energy Financials
Surge Energy reported last 12-month revenue of $407M and EBITDA of $205M.
In the same LTM period, Surge Energy generated $290M in gross profit, $205M in EBITDA, and $31M in net income.
Revenue (LTM)
Surge Energy P&L
In the most recent fiscal year, Surge Energy reported revenue of $418M and EBITDA of $216M.
Surge Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $407M | XXX | $418M | XXX | XXX | XXX |
| Gross Profit | $290M | XXX | $212M | XXX | XXX | XXX |
| Gross Margin | 71% | XXX | 51% | XXX | XXX | XXX |
| EBITDA | $205M | XXX | $216M | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 52% | XXX | XXX | XXX |
| EBIT Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| Net Profit | $31M | XXX | $29M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $144M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Surge Energy Stock Performance
Surge Energy has current market cap of $585M, and enterprise value of $744M.
Market Cap Evolution
Surge Energy's stock price is $5.91.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $744M | $585M | -0.3% | XXX | XXX | XXX | $0.30 |
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Start Free TrialSurge Energy Valuation Multiples
Surge Energy trades at 1.8x EV/Revenue multiple, and 3.6x EV/EBITDA.
EV / Revenue (LTM)
Surge Energy Financial Valuation Multiples
As of March 29, 2026, Surge Energy has market cap of $585M and EV of $744M.
Equity research analysts estimate Surge Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Surge Energy has a P/E ratio of 18.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $585M | XXX | $585M | XXX | XXX | XXX |
| EV (current) | $744M | XXX | $744M | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 3.6x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBIT | 5.1x | XXX | 5.0x | XXX | XXX | XXX |
| EV/Gross Profit | 2.6x | XXX | 3.5x | XXX | XXX | XXX |
| P/E | 18.6x | XXX | 19.9x | XXX | XXX | XXX |
| EV/FCF | 10.4x | XXX | 8.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Surge Energy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Surge Energy Margins & Growth Rates
Surge Energy's revenue in the last 12 month declined by (8%).
Surge Energy's revenue per employee in the last FY averaged $4.9M.
Surge Energy's rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Surge Energy's rule of X is 32% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Surge Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (8%) | XXX | (11%) | XXX | XXX | XXX |
| EBITDA Margin | 51% | XXX | 52% | XXX | XXX | XXX |
| EBITDA Growth | (15%) | XXX | (20%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 43% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.9M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 37% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Surge Energy Public Comps
See public comps and valuation multiples for other Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Frontera Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Gulf Keystone Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| Amplitude Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Terpel | XXX | XXX | XXX | XXX | XXX | XXX |
| VAALCO Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Surge Energy M&A Activity
Surge Energy acquired XXX companies to date.
Last acquisition by Surge Energy was on XXXXXXXX, XXXXX. Surge Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Surge Energy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSurge Energy Investment Activity
Surge Energy invested in XXX companies to date.
Surge Energy made its latest investment on XXXXXXXX, XXXXX. Surge Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Surge Energy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Surge Energy
| When was Surge Energy founded? | Surge Energy was founded in 1998. |
| Where is Surge Energy headquartered? | Surge Energy is headquartered in Canada. |
| How many employees does Surge Energy have? | As of today, Surge Energy has over 83 employees. |
| Is Surge Energy publicly listed? | Yes, Surge Energy is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Surge Energy? | Surge Energy trades under SGY ticker. |
| When did Surge Energy go public? | Surge Energy went public in 1999. |
| Who are competitors of Surge Energy? | Surge Energy main competitors are Frontera Energy, Gulf Keystone Petroleum, Amplitude Energy, Terpel. |
| What is the current market cap of Surge Energy? | Surge Energy's current market cap is $585M. |
| What is the current revenue of Surge Energy? | Surge Energy's last 12 months revenue is $407M. |
| What is the current revenue growth of Surge Energy? | Surge Energy revenue growth (NTM/LTM) is (8%). |
| What is the current EV/Revenue multiple of Surge Energy? | Current revenue multiple of Surge Energy is 1.8x. |
| Is Surge Energy profitable? | Yes, Surge Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Surge Energy? | Surge Energy's last 12 months EBITDA is $205M. |
| What is Surge Energy's EBITDA margin? | Surge Energy's last 12 months EBITDA margin is 51%. |
| What is the current EV/EBITDA multiple of Surge Energy? | Current EBITDA multiple of Surge Energy is 3.6x. |
| What is the current FCF of Surge Energy? | Surge Energy's last 12 months FCF is $72M. |
| What is Surge Energy's FCF margin? | Surge Energy's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Surge Energy? | Current FCF multiple of Surge Energy is 10.4x. |
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