Happy Belly Food Group Inc., a Canadian specialty retailer, recently announced the opening of its 33rd store in Oakville, Ontario, as of February 20, 2026. This expansion marks a significant milestone for the company, which continues to grow its footprint in the Canadian market. The company is listed on the Canadian National Stock Exchange, trading under the currency of Canadian Dollars (CAD).
As of February 23, 2026, Happy Belly Food Group’s share price closed at 1.72 CAD. This figure is notably below the 52-week high of 2.35 CAD, achieved on December 17, 2025, and above the 52-week low of 0.97 CAD, recorded on March 10, 2025. The fluctuation in share price over the past year reflects the dynamic nature of the market and investor sentiment towards the company.
Financially, Happy Belly Food Group Inc. presents a challenging picture. The company’s price-to-earnings (P/E) ratio stands at -101.24, indicating that the company is either experiencing losses or has negligible earnings per share. This negative P/E ratio suggests that the company is not currently generating profits, which could be a concern for investors seeking positive returns.
Despite the negative earnings, the company’s price-to-book (P/B) ratio is 101.354. This high ratio indicates that the market is valuing the company at a substantial premium relative to its book value. Such a valuation suggests that investors may be optimistic about the company’s future growth prospects or its strategic initiatives, despite the current lack of profitability.
With a market capitalization of 243.6 million CAD, Happy Belly Food Group Inc. holds a significant position in the market. However, the combination of a high P/B ratio and a negative P/E ratio highlights the disparity between market expectations and the company’s current financial performance. Investors appear to be pricing the company at a premium, possibly due to its expansion efforts and potential for future growth, even as it navigates through periods of financial losses.
In summary, Happy Belly Food Group Inc. is actively expanding its retail presence in Canada, as evidenced by its recent store opening in Oakville. However, the company faces financial challenges, reflected in its negative earnings and high market valuation relative to its book value. Investors may be betting on the company’s long-term growth potential, despite its current financial performance.
