Pason Systems Inc. (PSI) - Net Assets
Based on the latest financial reports, Pason Systems Inc. (PSI) has net assets worth CA$476.29 Million CAD (≈ $344.54 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$599.53 Million ≈ $433.69 Million USD) and total liabilities (CA$123.23 Million ≈ $89.14 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PSI goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$476.29 Million |
| % of Total Assets | 79.44% |
| Annual Growth Rate | 17.88% |
| 5-Year Change | 53.39% |
| 10-Year Change | 22.1% |
| Growth Volatility | 59.38 |
Pason Systems Inc. - Net Assets Trend (1996–2025)
This chart illustrates how Pason Systems Inc.'s net assets have evolved over time, based on quarterly financial data. See how many days can Pason Systems Inc. fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pason Systems Inc. (1996–2025)
The table below shows the annual net assets of Pason Systems Inc. from 1996 to 2025. For live valuation and market cap data, see Pason Systems Inc. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$472.12 Million ≈ $341.52 Million |
-4.75% |
| 2024-12-31 | CA$495.67 Million ≈ $358.56 Million |
+23.62% |
| 2023-12-31 | CA$400.95 Million ≈ $290.04 Million |
+5.25% |
| 2022-12-31 | CA$380.96 Million ≈ $275.58 Million |
+23.78% |
| 2021-12-31 | CA$307.78 Million ≈ $222.64 Million |
+0.82% |
| 2020-12-31 | CA$305.28 Million ≈ $220.84 Million |
-11.88% |
| 2019-12-31 | CA$346.45 Million ≈ $250.62 Million |
-10.26% |
| 2018-12-31 | CA$386.08 Million ≈ $279.28 Million |
+11.11% |
| 2017-12-31 | CA$347.49 Million ≈ $251.37 Million |
-10.13% |
| 2016-12-31 | CA$386.65 Million ≈ $279.70 Million |
-21.00% |
| 2015-12-31 | CA$489.45 Million ≈ $354.06 Million |
+1.23% |
| 2014-12-31 | CA$483.52 Million ≈ $349.77 Million |
+31.94% |
| 2013-12-31 | CA$366.47 Million ≈ $265.10 Million |
-0.60% |
| 2012-12-31 | CA$368.70 Million ≈ $266.71 Million |
+0.39% |
| 2011-12-31 | CA$367.27 Million ≈ $265.68 Million |
+17.58% |
| 2010-12-31 | CA$312.37 Million ≈ $225.96 Million |
+1.31% |
| 2009-12-31 | CA$308.33 Million ≈ $223.04 Million |
-13.04% |
| 2008-12-31 | CA$354.59 Million ≈ $256.50 Million |
+30.98% |
| 2007-12-31 | CA$270.72 Million ≈ $195.83 Million |
+17.09% |
| 2006-12-31 | CA$231.21 Million ≈ $167.25 Million |
+41.71% |
| 2005-12-31 | CA$163.16 Million ≈ $118.03 Million |
+42.19% |
| 2004-12-31 | CA$114.75 Million ≈ $83.01 Million |
+36.76% |
| 2003-12-31 | CA$83.90 Million ≈ $60.69 Million |
+27.36% |
| 2002-12-31 | CA$65.88 Million ≈ $47.66 Million |
+22.13% |
| 2001-12-31 | CA$53.94 Million ≈ $39.02 Million |
+52.17% |
| 2000-12-31 | CA$35.45 Million ≈ $25.64 Million |
+34.78% |
| 1999-12-31 | CA$26.30 Million ≈ $19.03 Million |
+16.37% |
| 1998-12-31 | CA$22.60 Million ≈ $16.35 Million |
+33.73% |
| 1997-12-31 | CA$16.90 Million ≈ $12.23 Million |
+322.50% |
| 1996-12-31 | CA$4.00 Million ≈ $2.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pason Systems Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 13236.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$240.05 Million | 49.78% |
| Common Stock | CA$165.13 Million | 34.24% |
| Other Comprehensive Income | CA$77.06 Million | 15.98% |
| Total Equity | CA$482.24 Million | 100.00% |
Pason Systems Inc. Competitors by Market Cap
The table below lists competitors of Pason Systems Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong New Beiyang Information Technology Co Ltd
SHE:002376
|
$735.39 Million |
|
Fujian Zhangzhou Development Co Ltd
SHE:000753
|
$735.58 Million |
|
Hainan Shennong Technology Co Ltd
SHE:300189
|
$735.73 Million |
|
Lander Sports Development Co Ltd
SHE:000558
|
$735.75 Million |
|
Hainan Haiyao Co Ltd
SHE:000566
|
$734.70 Million |
|
Beijing Hualu Baina Film TV
SHE:300291
|
$734.62 Million |
|
Yueyang Xingchang Petro-Chemical Co Ltd
SHE:000819
|
$734.27 Million |
|
Orrstown Financial Services Inc
NASDAQ:ORRF
|
$734.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pason Systems Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 504,413,000 to 482,240,000, a change of -22,173,000 (-4.4%).
- Net income of 53,152,000 contributed positively to equity growth.
- Dividend payments of 40,726,000 reduced retained earnings.
- Share repurchases of 21,997,000 reduced equity.
- Other comprehensive income increased equity by 26,717,000.
- Other factors decreased equity by 39,319,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$53.15 Million | +11.02% |
| Dividends Paid | CA$40.73 Million | -8.45% |
| Share Repurchases | CA$22.00 Million | -4.56% |
| Other Comprehensive Income | CA$26.72 Million | +5.54% |
| Other Changes | CA$-39.32 Million | -8.15% |
| Total Change | CA$- | -4.40% |
Book Value vs Market Value Analysis
This analysis compares Pason Systems Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 168.56x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CA$0.08 | CA$13.11 | x |
| 1997-12-31 | CA$0.27 | CA$13.11 | x |
| 1998-12-31 | CA$0.32 | CA$13.11 | x |
| 1999-12-31 | CA$0.37 | CA$13.11 | x |
| 2000-12-31 | CA$0.53 | CA$13.11 | x |
| 2001-12-31 | CA$0.77 | CA$13.11 | x |
| 2002-12-31 | CA$0.91 | CA$13.11 | x |
| 2003-12-31 | CA$1.12 | CA$13.11 | x |
| 2004-12-31 | CA$1.48 | CA$13.11 | x |
| 2005-12-31 | CA$2.08 | CA$13.11 | x |
| 2006-12-31 | CA$2.89 | CA$13.11 | x |
| 2007-12-31 | CA$3.36 | CA$13.11 | x |
| 2008-12-31 | CA$4.33 | CA$13.11 | x |
| 2009-12-31 | CA$3.78 | CA$13.11 | x |
| 2010-12-31 | CA$3.83 | CA$13.11 | x |
| 2011-12-31 | CA$4.45 | CA$13.11 | x |
| 2012-12-31 | CA$4.46 | CA$13.11 | x |
| 2013-12-31 | CA$4.43 | CA$13.11 | x |
| 2014-12-31 | CA$5.77 | CA$13.11 | x |
| 2015-12-31 | CA$5.85 | CA$13.11 | x |
| 2016-12-31 | CA$4.58 | CA$13.11 | x |
| 2017-12-31 | CA$4.08 | CA$13.11 | x |
| 2018-12-31 | CA$4.51 | CA$13.11 | x |
| 2019-12-31 | CA$4.05 | CA$13.11 | x |
| 2020-12-31 | CA$3.66 | CA$13.11 | x |
| 2021-12-31 | CA$3.76 | CA$13.11 | x |
| 2022-12-31 | CA$4.68 | CA$13.11 | x |
| 2023-12-31 | CA$5.06 | CA$13.11 | x |
| 2024-12-31 | CA$6.32 | CA$13.11 | x |
| 2025-12-31 | CA$6.14 | CA$13.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pason Systems Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.68%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.24x
- Recent ROE (11.02%) is below the historical average (16.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 22.50% | 21.95% | 0.56x | 1.83x | CA$500.00K |
| 1997 | 24.26% | 30.15% | 0.54x | 1.49x | CA$2.41 Million |
| 1998 | 21.68% | 21.40% | 0.75x | 1.36x | CA$2.64 Million |
| 1999 | 15.59% | 17.15% | 0.59x | 1.53x | CA$1.47 Million |
| 2000 | 22.90% | 19.78% | 0.64x | 1.82x | CA$4.57 Million |
| 2001 | 28.62% | 24.50% | 0.77x | 1.52x | CA$10.04 Million |
| 2002 | 14.58% | 17.37% | 0.61x | 1.37x | CA$3.02 Million |
| 2003 | 29.32% | 26.79% | 0.82x | 1.34x | CA$16.21 Million |
| 2004 | 29.49% | 27.69% | 0.88x | 1.21x | CA$22.37 Million |
| 2005 | 30.82% | 28.61% | 0.81x | 1.34x | CA$33.96 Million |
| 2006 | 27.91% | 26.82% | 0.89x | 1.17x | CA$41.41 Million |
| 2007 | 20.34% | 23.28% | 0.78x | 1.11x | CA$27.98 Million |
| 2008 | 17.29% | 20.96% | 0.69x | 1.20x | CA$25.86 Million |
| 2009 | -1.79% | -3.78% | 0.39x | 1.21x | CA$-36.34 Million |
| 2010 | 11.68% | 14.62% | 0.59x | 1.36x | CA$5.24 Million |
| 2011 | 23.48% | 24.91% | 0.76x | 1.24x | CA$49.50 Million |
| 2012 | 10.82% | 10.32% | 0.79x | 1.32x | CA$3.01 Million |
| 2013 | 6.45% | 5.87% | 0.90x | 1.22x | CA$-12.99 Million |
| 2014 | 23.18% | 22.45% | 0.88x | 1.18x | CA$63.75 Million |
| 2015 | -2.99% | -5.12% | 0.54x | 1.08x | CA$-63.56 Million |
| 2016 | -10.81% | -26.05% | 0.37x | 1.13x | CA$-80.46 Million |
| 2017 | 7.25% | 10.25% | 0.62x | 1.15x | CA$-9.56 Million |
| 2018 | 16.30% | 20.54% | 0.66x | 1.20x | CA$24.34 Million |
| 2019 | 15.60% | 18.30% | 0.68x | 1.26x | CA$19.43 Million |
| 2020 | 2.14% | 4.19% | 0.43x | 1.18x | CA$-24.14 Million |
| 2021 | 10.87% | 16.38% | 0.54x | 1.22x | CA$2.70 Million |
| 2022 | 27.85% | 32.12% | 0.71x | 1.22x | CA$68.97 Million |
| 2023 | 23.90% | 26.41% | 0.76x | 1.20x | CA$56.73 Million |
| 2024 | 24.09% | 29.34% | 0.67x | 1.22x | CA$71.06 Million |
| 2025 | 11.02% | 12.68% | 0.70x | 1.24x | CA$4.93 Million |
Industry Comparison
This section compares Pason Systems Inc.'s net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $274,211,472
- Average return on equity (ROE) among peers: -3.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pason Systems Inc. (PSI) | CA$476.29 Million | 22.50% | 0.26x | $735.38 Million |
| Bri-Chem Corp. (BRY) | $60.18 Million | 0.18% | 1.55x | $7.36 Million |
| CES Energy Solutions Corp (CEU) | $54.49 Million | -49.20% | 0.37x | $2.41 Billion |
| Calfrac Well Services Ltd. (CFW) | $615.90 Million | 30.96% | 0.83x | $472.00 Million |
| Enterprise Group Inc (E) | $2.02 Million | -16.18% | 0.85x | $75.75 Million |
| Enerflex Ltd. (EFX) | $1.54 Billion | -6.54% | 1.77x | $2.31 Billion |
| HTC Purenergy Inc. (HTC) | $20.33 Million | -1.85% | 0.44x | $1.03 Million |
| High Arctic Energy Services Inc. (HWO) | $99.33 Million | -13.23% | 0.24x | $8.17 Million |
| Mattr Corp (MATR) | $121.80 Million | 8.13% | 0.33x | $543.43 Million |
| Mccoy Global Inc (MCB) | $66.19 Million | 13.40% | 0.48x | $44.78 Million |
| North American Construction Group Ltd (NOA) | $158.95 Million | -0.28% | 1.20x | $388.69 Million |
About Pason Systems Inc.
Pason Systems Inc., together with its subsidiaries, provides instrumentation and data management systems for oil and gas drilling in Canada, the United States, and internationally. The company offers AutoDriller, which delivers smooth payout to maximized rate of penetration and bit life; Communications, a suite of IT solutions that ensures effective collaboration between rig and office; DAS, an a… Read more