diff --git a/README.md b/README.md
index cd770e7..b0fa662 100644
--- a/README.md
+++ b/README.md
@@ -141,8 +141,8 @@ Parsing output:
 `pathbase` also includes a lightweight CLI:
 
 ```bash
-pathbase format --template '${ROOT}/{project}/{name}_v{version:03d}.txt' \
-  ROOT=/mnt/projects project=demo name=report version=1
+ROOT=/mnt/projects pathbase format --template '${ROOT}/{project}/{name}_v{version:03d}.txt' \
+  project=demo name=report version=1
 
 ENVPATH=./examples/vfx/ pathbase parse \
   '/mnt/projects/bigbuckbunny/seq001/shot010/lighting/render_beauty_v001.1001.exr'
diff --git a/docs/examples.md b/docs/examples.md
index 2f7f08b..ed8e86d 100644
--- a/docs/examples.md
+++ b/docs/examples.md
@@ -451,8 +451,8 @@ The `pathbase` CLI provides a thin wrapper around the same template operations.
 Format a path from fields:
 
 ```bash
-pathbase format --template '${ROOT}/{project}/{name}_v{version:03d}.txt' \
-  ROOT=/mnt/projects project=demo name=report version=1
+ROOT=/mnt/projects pathbase format --template '${ROOT}/{project}/{name}_v{version:03d}.txt' \
+  project=demo name=report version=1
 ```
 
 Expected output:
diff --git a/docs/index.md b/docs/index.md
index 97a094d..224b7cf 100644
--- a/docs/index.md
+++ b/docs/index.md
@@ -134,8 +134,8 @@ Parsing output:
 `pathbase` also includes a lightweight CLI:
 
 ```bash
-pathbase format --template '${ROOT}/{project}/{name}_v{version:03d}.txt' \
-  ROOT=/mnt/projects project=demo name=report version=1
+ROOT=/mnt/projects pathbase format --template '${ROOT}/{project}/{name}_v{version:03d}.txt' \
+  project=demo name=report version=1
 
 ENVPATH=./examples/vfx/ pathbase parse \
   '/mnt/projects/bigbuckbunny/seq001/shot010/lighting/render_beauty_v001.1001.exr'
diff --git a/lib/pathbase/__init__.py b/lib/pathbase/__init__.py
index 385af63..6c1d109 100644
--- a/lib/pathbase/__init__.py
+++ b/lib/pathbase/__init__.py
@@ -63,4 +63,4 @@
     "__version__",
 ]
 
-__version__ = "0.1.1"
+__version__ = "0.1.2"
diff --git a/lib/pathbase/template.py b/lib/pathbase/template.py
index 7b0c427..b60b337 100644
--- a/lib/pathbase/template.py
+++ b/lib/pathbase/template.py
@@ -88,6 +88,7 @@ def _default_scope(path: PathInput) -> str:
 
 def _iter_template_items(env: Mapping[str, Any]) -> List[Tuple[str, str]]:
     """Return environment entries that look like path templates."""
+    formatter = string.Formatter()
     items = []
     for key, value in env.items():
         if not isinstance(value, str) or not value:
@@ -96,6 +97,12 @@ def _iter_template_items(env: Mapping[str, Any]) -> List[Tuple[str, str]]:
             continue
         if "/" not in value and "\\" not in value:
             continue
+        try:
+            parts = tuple(formatter.parse(_escape_env_vars(value)))
+        except ValueError:
+            continue
+        if not any(field_name is not None for _, field_name, _, _ in parts):
+            continue
         items.append((key, value))
     return items
 
@@ -186,7 +193,10 @@ def __init__(
             raise InvalidTemplateError(str(err)) from err
         self._fields: List[str] = []
         self._formats: Dict[str, FieldType] = {}
-        self._pattern: Pattern[str] = self._compile_pattern()
+        try:
+            self._pattern = self._compile_pattern()
+        except re.error as err:
+            raise InvalidTemplateError(str(err)) from err
 
     def __repr__(self) -> str:
         return f"Template({self._template!r})"
diff --git a/tests/test_template.py b/tests/test_template.py
index 7069539..97b0ec2 100644
--- a/tests/test_template.py
+++ b/tests/test_template.py
@@ -245,6 +245,37 @@ def test_find_matching_templates_from_environment():
     assert [name for name, _ in matches] == ["FILEPATH"]
 
 
+def test_find_matching_templates_ignores_shell_env_values():
+    env = {
+        "FILEPATH": "/mnt/projects/{project}/shots/{sequence}/{shot}/{name}.mp4",
+        "BASH_FUNC_module%%": (
+            " () {  typeset swfound=1;\n"
+            " if [ \"${MODULES_USE_COMPAT_VERSION:-0}\" = '1' ]; then\n"
+            " typeset swname='main';\n"
+            " if [ -e /usr/share/Modules/libexec/modulecmd.tcl ]; then\n"
+            " typeset swfound=0;\n"
+            " unset MODULES_USE_COMPAT_VERSION;\n"
+            " fi;\n"
+            " else\n"
+            " typeset swname='compatibility';\n"
+            " if [ -e /usr/share/Modules/libexec/modulecmd-compat ]; then\n"
+            " typeset swfound=0;\n"
+            " MODULES_USE_COMPAT_VERSION=1;\n"
+            " export MODULES_USE_COMPAT_VERSION;\n"
+            " fi;\n"
+            " fi\n"
+            "}"
+        ),
+    }
+
+    matches = find_matching_templates(
+        "/mnt/projects/demo/shots/seq001/shot010/shot010_plate.mp4",
+        env=env,
+    )
+
+    assert [name for name, _ in matches] == ["FILEPATH"]
+
+
 def test_match_template_returns_unique_match():
     env = {
         "FILEPATH": "{project}/{name}_v{version:03d}.txt",