Pason Systems Inc. (PSI) - Net Assets

Latest as of September 2025: CA$483.43 Million CAD ≈ $349.71 Million USD

Based on the latest financial reports, Pason Systems Inc. (PSI) has net assets worth CA$483.43 Million CAD (≈ $349.71 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$591.95 Million ≈ $428.21 Million USD) and total liabilities (CA$108.52 Million ≈ $78.50 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 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$483.43 Million
% of Total Assets	81.67%
Annual Growth Rate	18.78%
5-Year Change	62.37%
10-Year Change	1.27%
Growth Volatility	60.16

Pason Systems Inc. - Net Assets Trend (1996–2024)

This chart illustrates how Pason Systems Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore Pason Systems Inc. total assets for the complete picture of this company's asset base.

Annual Net Assets for Pason Systems Inc. (1996–2024)

The table below shows the annual net assets of Pason Systems Inc. from 1996 to 2024. For live valuation and market cap data, see Pason Systems Inc. market cap and net worth.

Year	Net Assets	Change
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	--

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 13648.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CA$247.47 Million	49.06%
Common Stock	CA$167.80 Million	33.27%
Other Comprehensive Income	CA$50.34 Million	9.98%
Other Components	CA$38.80 Million	7.69%
Total Equity	CA$504.41 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
Beijing SPC Environment Protection Tech Co Ltd SHE:002573	$774.55 Million
Myers Industries Inc NYSE:MYE	$774.62 Million
Kura Oncology Inc NASDAQ:KURA	$774.65 Million
Runner Xiamen Corp SHG:603408	$774.79 Million
HomeTrust Bancshares, Inc. NYSE:HTB	$774.17 Million
TPK Holding Co Ltd TW:3673	$773.85 Million
Welspun Enterprises Limited NSE:WELENT	$773.63 Million
Ducgiang Chemicals & Detergent Powder Joint Co VN:DGC	$773.41 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 2023 to 2024, total equity changed from 408,058,000 to 504,413,000, a change of 96,355,000 (23.6%).
Net income of 121,504,000 contributed positively to equity growth.
Dividend payments of 41,362,000 reduced retained earnings.
Share repurchases of 9,997,000 reduced equity.
Other comprehensive income decreased equity by 21,548,000.
Other factors increased equity by 47,758,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$121.50 Million	+24.09%
Dividends Paid	CA$41.36 Million	-8.2%
Share Repurchases	CA$10.00 Million	-1.98%
Other Comprehensive Income	CA$-21.55 Million	-4.27%
Other Changes	CA$47.76 Million	+9.47%
Total Change	CA$-	23.61%

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: 2.17x
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 176.66x to 2.17x 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$13.74	x
1997-12-31	CA$0.27	CA$13.74	x
1998-12-31	CA$0.32	CA$13.74	x
1999-12-31	CA$0.37	CA$13.74	x
2000-12-31	CA$0.53	CA$13.74	x
2001-12-31	CA$0.77	CA$13.74	x
2002-12-31	CA$0.91	CA$13.74	x
2003-12-31	CA$1.12	CA$13.74	x
2004-12-31	CA$1.48	CA$13.74	x
2005-12-31	CA$2.08	CA$13.74	x
2006-12-31	CA$2.89	CA$13.74	x
2007-12-31	CA$3.36	CA$13.74	x
2008-12-31	CA$4.33	CA$13.74	x
2009-12-31	CA$3.78	CA$13.74	x
2010-12-31	CA$3.83	CA$13.74	x
2011-12-31	CA$4.45	CA$13.74	x
2012-12-31	CA$4.46	CA$13.74	x
2013-12-31	CA$4.43	CA$13.74	x
2014-12-31	CA$5.77	CA$13.74	x
2015-12-31	CA$5.85	CA$13.74	x
2016-12-31	CA$4.58	CA$13.74	x
2017-12-31	CA$4.08	CA$13.74	x
2018-12-31	CA$4.51	CA$13.74	x
2019-12-31	CA$4.05	CA$13.74	x
2020-12-31	CA$3.66	CA$13.74	x
2021-12-31	CA$3.76	CA$13.74	x
2022-12-31	CA$4.68	CA$13.74	x
2023-12-31	CA$5.06	CA$13.74	x
2024-12-31	CA$6.32	CA$13.74	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): 24.09%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 29.34%
• Asset Turnover: 0.67x
• Equity Multiplier: 1.22x
Recent ROE (24.09%) is above the historical average (17.01%), indicating improving 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

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: $250,452,260
Average return on equity (ROE) among peers: -15.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pason Systems Inc. (PSI)	CA$483.43 Million	22.50%	0.22x	$774.31 Million
Bri-Chem Corp. (BRY)	$35.24 Million	-40.74%	1.10x	$6.61 Million
CES Energy Solutions Corp (CEU)	$609.05 Million	15.63%	1.32x	$2.92 Billion
Calfrac Well Services Ltd. (CFW)	$328.84 Million	-25.18%	1.72x	$387.05 Million
Enterprise Group Inc (E)	$51.99 Million	-1.80%	0.57x	$83.04 Million
Enerflex Ltd. (EFX)	$1.02 Billion	6.90%	1.10x	$2.31 Billion
HTC Purenergy Inc. (HTC)	$21.80 Million	-16.58%	0.56x	$1.03 Million
High Arctic Energy Services Inc. (HWO)	$115.23 Million	-31.75%	0.16x	$7.90 Million
Mattr Corp (MATR)	$134.80 Million	10.46%	0.33x	$421.70 Million
Mccoy Global Inc (MCB)	$59.80 Million	-60.07%	0.17x	$50.41 Million
North American Construction Group Ltd (NOA)	$127.78 Million	-16.56%	4.87x	$400.31 Million

About Pason Systems Inc.

TO:PSI Canada Oil & Gas Equipment & Services

Market Cap

$774.31 Million

CA$1.07 Billion CAD

Market Cap Rank

#10317 Global

#292 in Canada

Share Price

CA$13.74

Change (1 day)

-1.65%

52-Week Range

CA$10.97 - CA$13.97

All Time High

CA$18.30