HRNNF (Hydro One) Construction In Progress: $2,053 Mil (As of Mar. 2026)


HRNNF Hydro One Ltd HRNNF
74 GF Score
Price $41.71
GF Value $35.84
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is Hydro One Construction In Progress?

Hydro One HRNNF +3.34% 74 Construction In Progress is $2,053 Mil as of Mar. 2026. GuruFocus rates HRNNF with a GF Score™ of 74/100 and a GF Value™ of $35.84 (Modestly Overvalued). The stock has 10 warning signs investors should review.

Hydro One's quarterly construction in progress declined from Sep. 2025 ($2,133 Mil) to Dec. 2025 ($1,883 Mil) but then increased from Dec. 2025 ($1,883 Mil) to Mar. 2026 ($2,053 Mil).

Hydro One's annual construction in progress increased from Dec. 2023 ($1,122 Mil) to Dec. 2024 ($1,483 Mil) and increased from Dec. 2024 ($1,483 Mil) to Dec. 2025 ($1,883 Mil).

Hydro One Construction In Progress Historical Data

* Premium members only.

The historical data trend for Hydro One's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hydro One Construction In Progress Chart

Hydro One Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,107.03 905.41 1,121.80 1,483.12 1,883.29

Hydro One Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,699.64 2,026.63 2,133.15 1,883.29 2,053.21
HRNNF
74GF Score
Hydro One Ltd HRNNF
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hydro One Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $2,053 Mil mean?
Hydro One (HRNNF) has a Construction In Progress of $2,053 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Hydro One and its competitors.
Is Hydro One's Construction In Progress too high?
Hydro One's current Construction In Progress is $2,053 Mil. Overall, Hydro One has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hydro One's Construction In Progress compare to NEE and SO?
Hydro One's Construction In Progress of $2,053 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Regulated company?
A good Construction In Progress depends on the Utilities - Regulated industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Hydro One and its competitors. Hydro One's current Construction In Progress is $2,053 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydro One stock overvalued right now?
Based on GuruFocus' analysis, Hydro One (HRNNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $35.84, compared to a current price of $41.71 — trading 16.4% above its estimated fair value. The current Construction In Progress is $2,053 Mil. Hydro One's overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Hydro One (HRNNF), the current Construction In Progress is $2,053 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hydro One (HRNNF) Overvalued in 2026?

Based on GuruFocus' analysis, Hydro One stock appears to be overvalued. The current stock price of $41.71 is trading 16.4% above its estimated GF Value™ of $35.84. GuruFocus considers Hydro One to be Modestly Overvalued.

Key valuation signals for HRNNF:

  • Construction In Progress: $2,053 Mil
  • GF Value™: $35.84 vs. price of $41.71 (16.4% above fair value)
  • GF Score™: 74/100 with 10 warning signs

No single metric tells the full story. See the HRNNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hydro One Business Description

Other Exchanges 8H1:GermanyH:Canada
Address 483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
74GF Score

Get the complete analysis for HRNNF

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$41.71
Price
$35.84
GF Value