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Tourmaline Oil Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tourmaline Oil and similar public comparables like Norsk Hydro, Bharat Petroleum, PTTEP, Kansai Electric Power and more.
Tourmaline Oil Overview
About Tourmaline Oil
Tourmaline Oil is a Canadian natural gas producer with an integrated midstream gathering and processing operation. Its primary product is natural gas, but also produces natural gas liquids, condensates, and oil. As a result of multiple acquisitions, it has become the largest natural gas producer in Canada.
Founded
2008
HQ

Employees
1.1K
Website
Sectors
Financials (LTM)
EV
$20B
Tourmaline Oil Financials
Tourmaline Oil reported last 12-month revenue of $5B and EBITDA of $3B.
In the same LTM period, Tourmaline Oil generated $3B in EBITDA and $366M in net income.
Revenue (LTM)
Tourmaline Oil P&L
In the most recent fiscal year, Tourmaline Oil reported revenue of $5B and EBITDA of $3B.
Tourmaline Oil expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 53% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $366M | XXX | $193M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tourmaline Oil Stock Performance
Tourmaline Oil has current market cap of $18B, and enterprise value of $20B.
Market Cap Evolution
Tourmaline Oil's stock price is $47.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20B | $18B | -0.2% | XXX | XXX | XXX | $0.50 |
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Start Free TrialTourmaline Oil Valuation Multiples
Tourmaline Oil trades at 4.0x EV/Revenue multiple, and 7.4x EV/EBITDA.
EV / Revenue (LTM)
Tourmaline Oil Financial Valuation Multiples
As of March 14, 2026, Tourmaline Oil has market cap of $18B and EV of $20B.
Equity research analysts estimate Tourmaline Oil's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tourmaline Oil has a P/E ratio of 49.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV/Revenue | 4.0x | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | 7.4x | XXX | 7.6x | XXX | XXX | XXX |
| EV/EBIT | 35.1x | XXX | 70.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 10.0x | XXX | XXX | XXX |
| P/E | 49.8x | XXX | 94.6x | XXX | XXX | XXX |
| EV/FCF | 55.8x | XXX | 65.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tourmaline Oil 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.


Tourmaline Oil Margins & Growth Rates
Tourmaline Oil's revenue in the last 12 month grew by 3%.
Tourmaline Oil's revenue per employee in the last FY averaged $4.3M.
Tourmaline Oil's rule of 40 is 58% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tourmaline Oil's rule of X is 63% (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).
Tourmaline Oil Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 53% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 63% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tourmaline Oil Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Norsk Hydro | XXX | XXX | XXX | XXX | XXX | XXX |
| Bharat Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| PTTEP | XXX | XXX | XXX | XXX | XXX | XXX |
| Kansai Electric Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Aker BP | 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.
Tourmaline Oil M&A Activity
Tourmaline Oil acquired XXX companies to date.
Last acquisition by Tourmaline Oil was on XXXXXXXX, XXXXX. Tourmaline Oil acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tourmaline Oil
| 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 TrialTourmaline Oil Investment Activity
Tourmaline Oil invested in XXX companies to date.
Tourmaline Oil made its latest investment on XXXXXXXX, XXXXX. Tourmaline Oil invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tourmaline Oil
| 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 Tourmaline Oil
| When was Tourmaline Oil founded? | Tourmaline Oil was founded in 2008. |
| Where is Tourmaline Oil headquartered? | Tourmaline Oil is headquartered in Canada. |
| How many employees does Tourmaline Oil have? | As of today, Tourmaline Oil has over 1K employees. |
| Who is the CEO of Tourmaline Oil? | Tourmaline Oil's CEO is Michael L. Rose. |
| Is Tourmaline Oil publicly listed? | Yes, Tourmaline Oil is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Tourmaline Oil? | Tourmaline Oil trades under TOU ticker. |
| When did Tourmaline Oil go public? | Tourmaline Oil went public in 2010. |
| Who are competitors of Tourmaline Oil? | Tourmaline Oil main competitors are Norsk Hydro, Bharat Petroleum, PTTEP, Kansai Electric Power. |
| What is the current market cap of Tourmaline Oil? | Tourmaline Oil's current market cap is $18B. |
| What is the current revenue of Tourmaline Oil? | Tourmaline Oil's last 12 months revenue is $5B. |
| What is the current revenue growth of Tourmaline Oil? | Tourmaline Oil revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Tourmaline Oil? | Current revenue multiple of Tourmaline Oil is 4.0x. |
| Is Tourmaline Oil profitable? | Yes, Tourmaline Oil is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tourmaline Oil? | Tourmaline Oil's last 12 months EBITDA is $3B. |
| What is Tourmaline Oil's EBITDA margin? | Tourmaline Oil's last 12 months EBITDA margin is 55%. |
| What is the current EV/EBITDA multiple of Tourmaline Oil? | Current EBITDA multiple of Tourmaline Oil is 7.4x. |
| What is the current FCF of Tourmaline Oil? | Tourmaline Oil's last 12 months FCF is $350M. |
| What is Tourmaline Oil's FCF margin? | Tourmaline Oil's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Tourmaline Oil? | Current FCF multiple of Tourmaline Oil is 55.8x. |
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