Basis: Current FMP quote-based enterprise value / four-quarter operating income. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBIT ratio high or low?
The EV/EBIT ratio of 20.95x is 18% below its estimated 5-year average of 25.40x, near the low end of its estimated 5-year range (19.81x–32.37x).
As of 2026-10-06T19:37:27.982Z. 6.81% below its estimated 12-month average of 22.48x.
Calculation as of: 2026-10-06T19:37:27.982Z.
Quote observation: 2026-10-06T19:35:24.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 651e75989ced7672e004960b920e249dc91fc4930fa34ef5df9439bed2087b4f
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBIT RATIO
20.95x
EV/EBIT RATIO AVG TTM
22.48x
EV/EBIT RATIO AVG 3Y
24.52x
EV/EBIT RATIO AVG 5Y
25.40x
EV/EBIT RATIO AVG 10Y
24.35x
EV/EBIT RATIO AVG 15Y
20.83x
EV/EBIT RATIO AVG 20Y
18.92x
CURRENT VS TTM AVG
-6.81%
CURRENT VS 3Y AVG
-14.56%
CURRENT VS 5Y AVG
-17.53%
CURRENT VS 10Y AVG
-13.97%
CURRENT VS 15Y AVG
+0.57%
CURRENT VS 20Y AVG
+10.71%
SECTOR MEDIAN · UTILITIES
22.26x
median of 53 covered companies
CURRENT VS SECTOR MEDIAN
-5.88%
vs the sector median at left
Market Cap
$2.50B
EV/EBIT Ratio
16.06x
TTM Avg
14.73x
3Y Avg
15.55x
5Y Avg
13.31x
Market Cap
$2.94B
EV/EBIT Ratio
17.24x
TTM Avg
18.44x
3Y Avg
20.15x
5Y Avg
23.02x
Market Cap
$3.24B
EV/EBIT Ratio
15.52x
TTM Avg
26.42x
3Y Avg
26.42x
5Y Avg
26.42x
Market Cap
$1.99B
EV/EBIT Ratio
11.41x
TTM Avg
14.46x
3Y Avg
16.18x
5Y Avg
16.98x
Market Cap
$1.47B
EV/EBIT Ratio
N/A
TTM Avg
125.38x
3Y Avg
125.38x
5Y Avg
125.38x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MGE Energy, Inc. (MGEE) | $2.66B | 20.95x | 22.48x | 24.52x | 25.40x |
| ReNew Energy Global Plc (RNW)vs › | $2.50B | 16.06x | 14.73x | 15.55x | 13.31x |
| H2O America (HTO)vs › | $2.44B | 23.68x | 21.69x | 21.86x | 25.58x |
| Avista Corporation (AVA)vs › | $2.94B | 17.24x | 18.44x | 20.15x | 23.02x |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.31B | N/A | N/A | N/A | N/A |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.24B | 15.52x | 26.42x | 26.42x | 26.42x |
| Northwest Natural Holding Company (NWN)vs › | $1.99B | 11.41x | 14.46x | 16.18x | 16.98x |
| Fluence Energy, Inc. (FLNC)vs › | $1.47B | N/A | 125.38x | 125.38x | 125.38x |
| Fervo Energy Company (FRVO)vs › | $4.06B | N/A | N/A | N/A | N/A |
| Northwestern Energy Group Inc (NWE)vs › | $4.24B | 24.58x | 22.89x | 20.49x | 20.83x |
EV/EBIT = Enterprise Value / EBIT (TTM)
Enterprise value to EBIT compares total company value to operating earnings, accounting for depreciation unlike EV/EBITDA.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBIT RATIO |
|---|---|
| 2026-10-05 | 20.79x |
| 2026-10-02 | 20.90x |
| 2026-10-01 | 20.74x |
| 2026-09-30 | 20.61x |
| 2026-09-29 | 20.56x |
| 2026-09-28 | 20.49x |
| 2026-09-25 | 20.74x |
| 2026-09-24 | 20.40x |
| 2026-09-23 | 20.92x |
| 2026-09-22 | 21.33x |
| 2026-09-21 | 21.36x |
| 2026-09-18 | 21.63x |
| 2026-09-17 | 21.84x |
| 2026-09-16 | 21.91x |
| 2026-09-15 | 21.92x |
| 2026-09-14 | 22.08x |
| 2026-09-11 | 22.16x |
| 2026-09-10 | 22.16x |
| 2026-09-09 | 22.23x |
| 2026-09-08 | 22.46x |
| 2026-09-04 | 22.36x |
| 2026-09-03 | 22.41x |
| 2026-09-02 | 22.28x |
| 2026-09-01 | 22.38x |
| 2026-08-31 | 22.43x |
| 2026-08-28 | 22.53x |
| 2026-08-27 | 22.58x |
| 2026-08-26 | 22.81x |
| 2026-08-25 | 22.72x |
| 2026-08-24 | 22.79x |
| 2026-08-21 | 22.65x |
| 2026-08-20 | 23.05x |
| 2026-08-19 | 23.22x |
| 2026-08-18 | 23.22x |
| 2026-08-17 | 23.17x |
| 2026-08-14 | 23.33x |
| 2026-08-13 | 23.16x |
| 2026-08-12 | 23.23x |
| 2026-08-11 | 23.17x |
| 2026-08-10 | 23.05x |
| 2026-08-07 | 23.28x |
| 2026-08-06 | 23.13x |
| 2026-08-05 | 22.63x |
| 2026-08-04 | 22.57x |
| 2026-08-03 | 22.59x |
| 2026-07-31 | 22.49x |
| 2026-07-30 | 22.48x |
| 2026-07-29 | 22.65x |
| 2026-07-28 | 23.01x |
| 2026-07-27 | 22.93x |
| 2026-07-24 | 23.11x |
| 2026-07-23 | 23.10x |
| 2026-07-22 | 23.23x |
| 2026-07-21 | 22.76x |
| 2026-07-20 | 22.87x |
| 2026-07-17 | 22.81x |
| 2026-07-16 | 23.01x |
| 2026-07-15 | 22.70x |
| 2026-07-14 | 22.84x |
| 2026-07-13 | 23.05x |
| 2026-07-10 | 22.97x |
| 2026-07-09 | 22.96x |
| 2026-07-08 | 23.06x |
| 2026-07-07 | 23.25x |
| 2026-07-06 | 23.22x |
| 2026-07-02 | 23.49x |
| 2026-07-01 | 22.83x |
| 2026-06-30 | 22.92x |
| 2026-06-29 | 22.64x |
| 2026-06-26 | 22.54x |
| 2026-06-25 | 22.34x |
| 2026-06-24 | 22.31x |
| 2026-06-23 | 22.00x |
| 2026-06-22 | 21.73x |
| 2026-06-18 | 21.71x |
| 2026-06-17 | 21.67x |
| 2026-06-16 | 21.93x |
| 2026-06-15 | 21.90x |
| 2026-06-12 | 22.09x |
| 2026-06-11 | 21.88x |
| 2026-06-10 | 22.10x |
| 2026-06-09 | 21.94x |
| 2026-06-08 | 21.72x |
| 2026-06-05 | 21.66x |
| 2026-06-04 | 21.27x |
| 2026-06-03 | 21.18x |
| 2026-06-02 | 21.39x |
| 2026-06-01 | 21.01x |
| 2026-05-29 | 21.62x |
| 2026-05-28 | 21.65x |
| 2026-05-27 | 21.81x |
| 2026-05-26 | 21.73x |
| 2026-05-22 | 21.74x |
| 2026-05-21 | 21.73x |
| 2026-05-20 | 21.69x |
| 2026-05-19 | 21.65x |
| 2026-05-18 | 21.52x |
| 2026-05-15 | 21.39x |
| 2026-05-14 | 21.68x |
| 2026-05-13 | 21.50x |
| 2026-05-12 | 21.58x |
| 2026-05-11 | 21.27x |
| 2026-05-08 | 21.23x |
| 2026-05-07 | 21.44x |
| 2026-05-06 | 22.76x |
| 2026-05-05 | 22.75x |
| 2026-05-04 | 22.61x |
| 2026-05-01 | 22.72x |
| 2026-04-30 | 22.64x |
| 2026-04-29 | 22.32x |
| 2026-04-28 | 22.81x |
| 2026-04-27 | 22.82x |
| 2026-04-24 | 22.63x |
| 2026-04-23 | 22.71x |
| 2026-04-22 | 22.30x |
| 2026-04-21 | 22.30x |
| 2026-04-20 | 22.23x |
| 2026-04-17 | 22.05x |
| 2026-04-16 | 22.01x |
| 2026-04-15 | 22.11x |
| 2026-04-14 | 22.56x |
| 2026-04-13 | 22.56x |
| 2026-04-10 | 22.75x |
| 2026-04-09 | 22.82x |
| 2026-04-08 | 22.55x |
| 2026-04-07 | 22.34x |
| 2026-04-06 | 22.25x |
| 2026-04-02 | 22.33x |
| 2026-04-01 | 22.10x |
| 2026-03-31 | 22.01x |
| 2026-03-30 | 22.16x |
| 2026-03-27 | 21.77x |
| 2026-03-26 | 21.72x |
| 2026-03-25 | 21.78x |
| 2026-03-24 | 21.89x |
| 2026-03-23 | 21.75x |
| 2026-03-20 | 21.33x |
| 2026-03-19 | 21.40x |
| 2026-03-18 | 20.97x |
| 2026-03-17 | 21.39x |
| 2026-03-16 | 21.62x |
| 2026-03-13 | 21.47x |
| 2026-03-12 | 21.25x |
| 2026-03-11 | 21.33x |
| 2026-03-10 | 21.90x |
| 2026-03-09 | 22.16x |
| 2026-03-06 | 22.56x |
| 2026-03-05 | 22.53x |
| 2026-03-04 | 22.83x |
| 2026-03-03 | 22.85x |
| 2026-03-02 | 22.98x |
| 2026-02-27 | 23.02x |
| 2026-02-26 | 23.09x |
| 2026-02-25 | 22.92x |
| 2026-02-24 | 23.08x |
| 2026-02-23 | 22.85x |
| 2026-02-20 | 22.72x |
| 2026-02-19 | 22.54x |
| 2026-02-18 | 22.52x |
| 2026-02-17 | 23.05x |
| 2026-02-13 | 23.15x |
| 2026-02-12 | 22.77x |
| 2026-02-11 | 22.50x |
| 2026-02-10 | 22.50x |
| 2026-02-09 | 22.24x |
| 2026-02-06 | 22.43x |
| 2026-02-05 | 22.72x |
| 2026-02-04 | 22.58x |
| 2026-02-03 | 22.34x |
| 2026-02-02 | 22.31x |
| 2026-01-30 | 22.49x |
| 2026-01-29 | 22.29x |
| 2026-01-28 | 22.12x |
| 2026-01-27 | 22.33x |
| 2026-01-26 | 22.35x |
| 2026-01-23 | 22.21x |
| 2026-01-22 | 22.51x |
| 2026-01-21 | 22.67x |
| 2026-01-20 | 22.38x |
| 2026-01-16 | 22.43x |
| 2026-01-15 | 22.51x |
| 2026-01-14 | 22.40x |
| 2026-01-13 | 22.30x |
| 2026-01-12 | 22.25x |
| 2026-01-09 | 22.18x |
| 2026-01-08 | 22.09x |
| 2026-01-07 | 22.15x |
| 2026-01-06 | 22.13x |
| 2026-01-05 | 21.97x |
| 2026-01-02 | 22.18x |
| 2025-12-31 | 22.17x |
| 2025-12-30 | 22.25x |
| 2025-12-29 | 22.25x |
| 2025-12-26 | 22.16x |
| 2025-12-24 | 22.23x |
| 2025-12-23 | 22.14x |
| 2025-12-22 | 22.16x |
| 2025-12-19 | 22.25x |
| 2025-12-18 | 22.70x |
| 2025-12-17 | 22.81x |
| 2025-12-16 | 22.57x |
| 2025-12-15 | 22.91x |
| 2025-12-12 | 22.56x |
| 2025-12-11 | 22.37x |
| 2025-12-10 | 22.30x |
| 2025-12-09 | 22.21x |
| 2025-12-08 | 22.01x |
| 2025-12-05 | 22.23x |
| 2025-12-04 | 22.28x |
| 2025-12-03 | 22.51x |
| 2025-12-02 | 22.40x |
| 2025-12-01 | 22.55x |
| 2025-11-28 | 23.14x |
| 2025-11-26 | 23.12x |
| 2025-11-25 | 22.99x |
| 2025-11-24 | 22.93x |
| 2025-11-21 | 23.06x |
| 2025-11-20 | 22.75x |
| 2025-11-19 | 22.71x |
| 2025-11-18 | 22.99x |
| 2025-11-17 | 23.05x |
| 2025-11-14 | 23.33x |
| 2025-11-13 | 23.31x |
| 2025-11-12 | 23.40x |
| 2025-11-11 | 23.44x |
| 2025-11-10 | 23.23x |
| 2025-11-07 | 23.26x |
| 2025-11-06 | 23.30x |
| 2025-11-05 | 23.64x |
| 2025-11-04 | 23.38x |
| 2025-11-03 | 23.30x |
| 2025-10-31 | 23.28x |
| 2025-10-30 | 23.44x |
| 2025-10-29 | 23.31x |
| 2025-10-28 | 23.82x |
| 2025-10-27 | 23.97x |
| 2025-10-24 | 24.18x |
| 2025-10-23 | 24.09x |
| 2025-10-22 | 24.22x |
| 2025-10-21 | 23.92x |
| 2025-10-20 | 23.95x |
| 2025-10-17 | 23.61x |
| 2025-10-16 | 23.61x |
| 2025-10-15 | 23.69x |
| 2025-10-14 | 23.64x |
| 2025-10-13 | 23.52x |
| 2025-10-10 | 23.67x |
| 2025-10-09 | 23.62x |
| 2025-10-08 | 23.56x |
| 2025-10-07 | 23.46x |
| 2025-10-06 | 23.29x |
| 2025-10-03 | 23.24x |
| 2025-10-02 | 22.98x |
| 2025-10-01 | 23.33x |
| 2025-09-30 | 23.58x |
| 2025-09-29 | 23.46x |
| 2025-09-26 | 23.37x |
| 2025-09-25 | 23.31x |
| 2025-09-24 | 23.54x |
| 2025-09-23 | 23.65x |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
