Prairie Operating Co. (PROP) stock analysis
Close on Nov 11, 2026Market cap $41.28MP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
Prairie Operating passes 10 of the 30 checks behind our score; 14 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 2/6
- Past performance
- 1/6
- Financial health
- 4/6
- Dividend
- 0/6
What stands out
Margin of safety over 20%
The price is 83.4% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $0.37 is below our fair value estimate of $2.20.
No debt
Prairie Operating has no borrowings on its latest balance sheet.
Revenue growing 10%+ a year
Revenue grew 676% a year over the last three fiscal years.
What to watch
Elevated bankruptcy risk
The Altman Z-score is 0.04; above 3 is the safe zone and below 1.8 the distress zone.
Guidance lowered
Prairie Operating lowered its Full-year 2026 Guidance Range Net income attributable to Prairie Operating Co. outlook on Aug 17, 2026.
Return on equity below the industry
Prairie Operating's return on equity of -28.2% is below the Crude Petroleum and Natural Gas median of 5.5%.
Net margin below the industry
Prairie Operating's net margin of -13.0% is below the Crude Petroleum and Natural Gas median of 3.8%.
Valuation3/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B below the industry
Prairie Operating's price-to-book of 0.19 is below the Crude Petroleum and Natural Gas median of 1.33.
Trading below fair value
The share price of $0.37 is below our fair value estimate of $2.20.
Margin of safety over 20%
The price is 83.4% below fair value, more than the 20% cushion we look for.
Growth2/6
Revenue growing 10%+ a year
Revenue grew 676% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 283% over the last twelve months; the Crude Petroleum and Natural Gas median is 8.7%.
Guidance lowered
Prairie Operating lowered its Full-year 2026 Guidance Range Net income attributable to Prairie Operating Co. outlook on Aug 17, 2026.
Gross margin trend
This company does not report gross profit.
Past performance1/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity below the industry
Prairie Operating's return on equity of -28.2% is below the Crude Petroleum and Natural Gas median of 5.5%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was -13.0% over the last twelve months, against a 5-year average of -2576%.
Net margin below the industry
Prairie Operating's net margin of -13.0% is below the Crude Petroleum and Natural Gas median of 3.8%.
Financial health4/6
No debt
Prairie Operating has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets don't cover short-term debts
Current assets are 0.25 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is 0.04; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Prairie Operating has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$2.20
The share price is 83% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDA | 5.3× | – | 5.3× | $1.22 | 58% |
| P/B | 1.5× | 1.8× | 1.3× | $3.01 | 17% |
| Earnings power | 9.9% cost of equity | – | – | $3.96 | 25% |
| Fair value | $2.20 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- EV/EBITDA at month end
- Crude Petroleum and Natural Gas median 5.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $446.01K
- Value traded per 1% price move
- $105.75K
Downside
High risk
- Typical loss in a bad month
- 48.4%
- Volatility (annualized)
- 103%
- Sharpe ratio, 1 year
- -0.82
- Beta to the S&P 500 (5Y)
- –
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2943.8% | +675.8% | +257.8% | +26.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -92.1% | 29.6% | 35.0% | |
| Return on assets | -25.0% | -63.3% | 5.8% | |
| Current ratio | 2.05 | 0.31 | 0.63 | |
| Interest coverage | – | -3.6× | 2.3× | |
| Capex to revenue | 0.7% | 6.0% | – | |
| Diluted shares | 0M | 0M | 45M |
Cash use needs five years of cash flow figures
Prairie Operating does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.3% | 0.44× | 6.02× | 35.0% |
| FY2024 | -515.3% | 0.08× | 2.18× | -88.0% |
| FY2023 | -5115.8% | 0.07× | 1.41× | -470.1% |
| FY2022 | -2592.5% | 0.07× | -6.46× | 1153.2% |
| FY2021 | -4670.2% | 0.05× | -6.00× | 1304.9% |
| FY2020 | -470.6% | 0.13× | -0.47× | 29.6% |
| FY2019 | -20.4% | 3.72× | -0.51× | 38.7% |
| FY2018 | -18.8% | 5.38× | -0.62× | 63.2% |
| FY2017 | -38.0% | 3.43× | -6.78× | 885.2% |
| FY2016 | -6.9% | 3.60× | 3.68× | -92.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$32.05M
- Cash generatingOperating cash flow above zero$153.90M
- Return on assets improvedROA up on the prior year-89.6% → 20.5%
- Earnings backed by cashOperating cash flow above net income$153.90M vs $32.05M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.29 → 0.63
- No dilutionShare count did not rise15M → 45M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.17 → 1.54
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