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 24.61x is 18% above its estimated 5-year average of 20.82x, near the high end of its estimated 5-year range (17.91x–25.19x).
As of 2026-10-06T18:42:36.926Z. 7.51% above its estimated 12-month average of 22.89x.
Calculation as of: 2026-10-06T18:42:36.926Z.
Quote observation: 2026-10-06T18:40:13.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d1a12cb884e10b20e08dbb5527dd9812c6c79ed47c97f005916d35b593e42157
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
24.61x
EV/EBIT RATIO AVG TTM
22.89x
EV/EBIT RATIO AVG 3Y
19.53x
EV/EBIT RATIO AVG 5Y
20.82x
EV/EBIT RATIO AVG 10Y
20.55x
EV/EBIT RATIO AVG 15Y
19.71x
EV/EBIT RATIO AVG 20Y
17.91x
CURRENT VS TTM AVG
+7.51%
CURRENT VS 3Y AVG
+26.02%
CURRENT VS 5Y AVG
+18.18%
CURRENT VS 10Y AVG
+19.75%
CURRENT VS 15Y AVG
+24.85%
CURRENT VS 20Y AVG
+37.44%
SECTOR MEDIAN · UTILITIES
22.23x
median of 53 covered companies
CURRENT VS SECTOR MEDIAN
+10.71%
vs the sector median at left
Northwestern Energy Group Inc
Market Cap
$4.25B
EV/EBIT Ratio
24.61x
TTM Avg
22.89x
3Y Avg
19.53x
5Y Avg
20.82x
Market Cap
$3.25B
EV/EBIT Ratio
15.59x
TTM Avg
26.42x
3Y Avg
26.42x
5Y Avg
26.42x
Market Cap
$5.40B
EV/EBIT Ratio
17.96x
TTM Avg
18.36x
3Y Avg
17.37x
5Y Avg
18.51x
Market Cap
$2.50B
EV/EBIT Ratio
16.06x
TTM Avg
14.73x
3Y Avg
15.55x
5Y Avg
13.31x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northwestern Energy Group Inc (NWE) | $4.25B | 24.61x | 22.89x | 19.53x | 20.82x |
| Fervo Energy Company (FRVO)vs › | $4.04B | N/A | N/A | N/A | N/A |
| SOLV Energy, Inc. Class A Common Stock (MWH)vs › | $3.25B | 15.59x | 26.42x | 26.42x | 26.42x |
| Black Hills Corporation (BKH)vs › | $5.40B | 17.96x | 18.36x | 17.37x | 18.51x |
| Avista Corporation (AVA)vs › | $2.94B | 17.23x | 18.44x | 20.15x | 23.02x |
| MGE Energy, Inc. (MGEE)vs › | $2.66B | 20.94x | 22.45x | 24.52x | 25.40x |
| ReNew Energy Global Plc (RNW)vs › | $2.50B | 16.06x | 14.73x | 15.55x | 13.31x |
| H2O America (HTO)vs › | $2.43B | 23.65x | 21.69x | 21.86x | 25.58x |
| newcleo plc Ordinary Shares (NWCL)vs › | $2.31B | N/A | N/A | N/A | N/A |
| Clearway Energy, Inc. (CWEN)vs › | $6.23B | 70.21x | 72.99x | 59.19x | 46.10x |
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 | 24.55x |
| 2026-10-02 | 24.64x |
| 2026-10-01 | 24.50x |
| 2026-09-30 | 24.47x |
| 2026-09-29 | 24.53x |
| 2026-09-28 | 24.41x |
| 2026-09-25 | 24.56x |
| 2026-09-24 | 24.41x |
| 2026-09-23 | 24.53x |
| 2026-09-22 | 24.76x |
| 2026-09-21 | 24.75x |
| 2026-09-18 | 24.49x |
| 2026-09-17 | 24.65x |
| 2026-09-16 | 24.50x |
| 2026-09-15 | 24.40x |
| 2026-09-14 | 24.52x |
| 2026-09-11 | 24.64x |
| 2026-09-10 | 24.79x |
| 2026-09-09 | 24.90x |
| 2026-09-08 | 25.13x |
| 2026-09-04 | 24.94x |
| 2026-09-03 | 24.96x |
| 2026-09-02 | 24.82x |
| 2026-09-01 | 24.77x |
| 2026-08-31 | 24.62x |
| 2026-08-28 | 24.85x |
| 2026-08-27 | 24.98x |
| 2026-08-26 | 25.07x |
| 2026-08-25 | 24.95x |
| 2026-08-24 | 24.72x |
| 2026-08-21 | 24.68x |
| 2026-08-20 | 24.94x |
| 2026-08-19 | 24.90x |
| 2026-08-18 | 24.90x |
| 2026-08-17 | 24.94x |
| 2026-08-14 | 25.13x |
| 2026-08-13 | 25.08x |
| 2026-08-12 | 24.89x |
| 2026-08-11 | 24.91x |
| 2026-08-10 | 25.02x |
| 2026-08-07 | 25.19x |
| 2026-08-06 | 24.84x |
| 2026-08-05 | 24.62x |
| 2026-08-04 | 24.76x |
| 2026-08-03 | 24.57x |
| 2026-07-31 | 24.54x |
| 2026-07-30 | 24.73x |
| 2026-07-29 | 24.21x |
| 2026-07-28 | 24.54x |
| 2026-07-27 | 24.53x |
| 2026-07-24 | 24.65x |
| 2026-07-23 | 24.59x |
| 2026-07-22 | 24.59x |
| 2026-07-21 | 24.45x |
| 2026-07-20 | 24.46x |
| 2026-07-17 | 24.50x |
| 2026-07-16 | 24.73x |
| 2026-07-15 | 24.43x |
| 2026-07-14 | 24.66x |
| 2026-07-13 | 24.72x |
| 2026-07-10 | 24.63x |
| 2026-07-09 | 24.26x |
| 2026-07-08 | 24.16x |
| 2026-07-07 | 24.24x |
| 2026-07-06 | 24.03x |
| 2026-07-02 | 24.35x |
| 2026-07-01 | 24.38x |
| 2026-06-30 | 24.41x |
| 2026-06-29 | 24.59x |
| 2026-06-26 | 24.76x |
| 2026-06-25 | 24.38x |
| 2026-06-24 | 24.44x |
| 2026-06-23 | 24.28x |
| 2026-06-22 | 24.09x |
| 2026-06-18 | 24.07x |
| 2026-06-17 | 23.95x |
| 2026-06-16 | 24.20x |
| 2026-06-15 | 24.25x |
| 2026-06-12 | 24.30x |
| 2026-06-11 | 23.99x |
| 2026-06-10 | 24.04x |
| 2026-06-09 | 23.25x |
| 2026-06-08 | 24.07x |
| 2026-06-05 | 24.19x |
| 2026-06-04 | 24.02x |
| 2026-06-03 | 23.93x |
| 2026-06-02 | 24.06x |
| 2026-06-01 | 23.75x |
| 2026-05-29 | 24.21x |
| 2026-05-28 | 24.27x |
| 2026-05-27 | 24.55x |
| 2026-05-26 | 24.57x |
| 2026-05-22 | 24.47x |
| 2026-05-21 | 24.45x |
| 2026-05-20 | 24.40x |
| 2026-05-19 | 24.28x |
| 2026-05-18 | 24.38x |
| 2026-05-15 | 24.14x |
| 2026-05-14 | 24.42x |
| 2026-05-13 | 24.33x |
| 2026-05-12 | 24.39x |
| 2026-05-11 | 24.25x |
| 2026-05-08 | 24.56x |
| 2026-05-07 | 24.57x |
| 2026-05-06 | 24.31x |
| 2026-05-05 | 24.29x |
| 2026-05-04 | 24.47x |
| 2026-05-01 | 24.58x |
| 2026-04-30 | 24.55x |
| 2026-04-29 | 24.12x |
| 2026-04-28 | 24.32x |
| 2026-04-27 | 24.34x |
| 2026-04-24 | 24.10x |
| 2026-04-23 | 24.18x |
| 2026-04-22 | 23.76x |
| 2026-04-21 | 23.96x |
| 2026-04-20 | 24.31x |
| 2026-04-17 | 24.34x |
| 2026-04-16 | 24.50x |
| 2026-04-15 | 24.51x |
| 2026-04-14 | 24.49x |
| 2026-04-13 | 23.67x |
| 2026-04-10 | 23.99x |
| 2026-04-09 | 24.00x |
| 2026-04-08 | 23.97x |
| 2026-04-07 | 23.81x |
| 2026-04-06 | 23.51x |
| 2026-04-02 | 23.41x |
| 2026-04-01 | 23.19x |
| 2026-03-31 | 23.09x |
| 2026-03-30 | 23.07x |
| 2026-03-27 | 22.96x |
| 2026-03-26 | 22.92x |
| 2026-03-25 | 22.98x |
| 2026-03-24 | 22.96x |
| 2026-03-23 | 22.89x |
| 2026-03-20 | 22.69x |
| 2026-03-19 | 23.27x |
| 2026-03-18 | 23.37x |
| 2026-03-17 | 23.42x |
| 2026-03-16 | 23.47x |
| 2026-03-13 | 23.57x |
| 2026-03-12 | 23.34x |
| 2026-03-11 | 23.29x |
| 2026-03-10 | 23.46x |
| 2026-03-09 | 23.74x |
| 2026-03-06 | 23.81x |
| 2026-03-05 | 23.93x |
| 2026-03-04 | 24.19x |
| 2026-03-03 | 24.02x |
| 2026-03-02 | 23.86x |
| 2026-02-27 | 23.86x |
| 2026-02-26 | 23.83x |
| 2026-02-25 | 23.80x |
| 2026-02-24 | 23.76x |
| 2026-02-23 | 23.72x |
| 2026-02-20 | 23.66x |
| 2026-02-19 | 23.59x |
| 2026-02-18 | 23.58x |
| 2026-02-17 | 23.73x |
| 2026-02-13 | 23.81x |
| 2026-02-12 | 23.64x |
| 2026-02-11 | 20.98x |
| 2026-02-10 | 20.96x |
| 2026-02-09 | 20.79x |
| 2026-02-06 | 20.93x |
| 2026-02-05 | 21.22x |
| 2026-02-04 | 21.06x |
| 2026-02-03 | 21.13x |
| 2026-02-02 | 20.84x |
| 2026-01-30 | 20.88x |
| 2026-01-29 | 20.84x |
| 2026-01-28 | 20.64x |
| 2026-01-27 | 20.81x |
| 2026-01-26 | 20.67x |
| 2026-01-23 | 20.64x |
| 2026-01-22 | 20.85x |
| 2026-01-21 | 20.97x |
| 2026-01-20 | 20.87x |
| 2026-01-16 | 21.02x |
| 2026-01-15 | 20.98x |
| 2026-01-14 | 20.82x |
| 2026-01-13 | 20.62x |
| 2026-01-12 | 20.53x |
| 2026-01-09 | 20.56x |
| 2026-01-08 | 20.60x |
| 2026-01-07 | 20.75x |
| 2026-01-06 | 20.38x |
| 2026-01-05 | 20.33x |
| 2026-01-02 | 20.34x |
| 2025-12-31 | 20.31x |
| 2025-12-30 | 20.33x |
| 2025-12-29 | 20.36x |
| 2025-12-26 | 20.27x |
| 2025-12-24 | 20.32x |
| 2025-12-23 | 20.30x |
| 2025-12-22 | 20.20x |
| 2025-12-19 | 20.01x |
| 2025-12-18 | 20.26x |
| 2025-12-17 | 20.51x |
| 2025-12-16 | 20.47x |
| 2025-12-15 | 20.66x |
| 2025-12-12 | 20.87x |
| 2025-12-11 | 20.87x |
| 2025-12-10 | 20.73x |
| 2025-12-09 | 20.61x |
| 2025-12-08 | 20.51x |
| 2025-12-05 | 20.48x |
| 2025-12-04 | 20.50x |
| 2025-12-03 | 20.68x |
| 2025-12-02 | 20.75x |
| 2025-12-01 | 20.90x |
| 2025-11-28 | 21.09x |
| 2025-11-26 | 20.95x |
| 2025-11-25 | 20.82x |
| 2025-11-24 | 20.69x |
| 2025-11-21 | 20.51x |
| 2025-11-20 | 20.49x |
| 2025-11-19 | 20.45x |
| 2025-11-18 | 20.53x |
| 2025-11-17 | 20.42x |
| 2025-11-14 | 20.41x |
| 2025-11-13 | 20.42x |
| 2025-11-12 | 20.78x |
| 2025-11-11 | 20.75x |
| 2025-11-10 | 20.59x |
| 2025-11-07 | 20.39x |
| 2025-11-06 | 20.08x |
| 2025-11-05 | 19.70x |
| 2025-11-04 | 19.67x |
| 2025-11-03 | 19.54x |
| 2025-10-31 | 19.47x |
| 2025-10-30 | 19.53x |
| 2025-10-29 | 19.89x |
| 2025-10-28 | 20.16x |
| 2025-10-27 | 20.29x |
| 2025-10-24 | 20.34x |
| 2025-10-23 | 20.22x |
| 2025-10-22 | 20.21x |
| 2025-10-21 | 20.13x |
| 2025-10-20 | 20.08x |
| 2025-10-17 | 19.79x |
| 2025-10-16 | 19.76x |
| 2025-10-15 | 19.74x |
| 2025-10-14 | 19.63x |
| 2025-10-13 | 19.45x |
| 2025-10-10 | 19.51x |
| 2025-10-09 | 19.62x |
| 2025-10-08 | 19.74x |
| 2025-10-07 | 19.72x |
| 2025-10-06 | 19.59x |
| 2025-10-03 | 19.52x |
| 2025-10-02 | 19.39x |
| 2025-10-01 | 19.49x |
| 2025-09-30 | 19.68x |
| 2025-09-29 | 19.59x |
| 2025-09-26 | 19.57x |
| 2025-09-25 | 19.42x |
| 2025-09-24 | 19.47x |
| 2025-09-23 | 19.35x |
Showing the most recent 260 of 4,971 data points. The chart above shows the full history.
