Eversource EnergyES +1.20%74 Debt-to-EBITDA is 3.79 as of Mar. 2026, which is 31% below its 10-year median of 5.50. GuruFocus rates ES with a GF Score™ of 74/100 and a GF Value™ of $68.58 (Fairly Valued). The stock has 10 warning signs investors should review. Among 447 Utilities - Regulated companies, Eversource Energy ranks worse than 66.44% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Eversource Energy's Debt-to-EBITDA or its related term are showing as below:
ES'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.99 Med: 5.5 Max: 19.16
Current: 5.38
During the past 13 years, the highest Debt-to-EBITDA Ratio of Eversource Energy was 19.16. The lowest was 3.99. And the median was 5.50.
ES's Debt-to-EBITDA is ranked worse than 66.44% of 447
companies
in the Utilities - Regulated industry
Industry Median: 4.01
vs ES: 5.38
Eversource Energy (NYSE:ES) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Eversource Energy Debt-to-EBITDA Related Terms
Eversource Energy Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Eversource Energy's Debt-to-EBITDA 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.
For the Utilities - Regulated Electric subindustry, Eversource Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Eversource Energy Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Eversource Energy's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Eversource Energy's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Eversource Energy (ES) has a Debt-to-EBITDA of 3.79 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Eversource Energy. This is 31% below median its historical median of 5.50. Over the past decade, Eversource Energy's Debt-to-EBITDA has ranged from 3.99 to 19.16. According to the industry distribution chart, Eversource Energy ranks #297 out of 447 companies in the Utilities - Regulated industry, placing it in the top 66.4%.
Is Eversource Energy's Debt-to-EBITDA too high?
Eversource Energy's current Debt-to-EBITDA of 3.79 is 31% below median its 10-year median of 5.50. Over the past 10 years, this metric has ranged from a low of 3.99 to a high of 19.16. The Utilities - Regulated industry median Debt-to-EBITDA is 4.01. Eversource Energy's value of 3.79 is 5.5% below this industry median. Based on the distribution chart, Eversource Energy ranks #297 out of 447 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Eversource Energy has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eversource Energy's Debt-to-EBITDA compare to PPL and FE?
According to the Utilities - Regulated industry distribution chart, Eversource Energy ranks #297 out of 447 companies for Debt-to-EBITDA. This places Eversource Energy in the lower half of its industry. The industry median Debt-to-EBITDA is 4.01. Eversource Energy's value of 3.79 is 5.5% below this benchmark. Historically, Eversource Energy's own Debt-to-EBITDA has ranged from 3.99 to 19.16 over the past decade. While the company's 10-year median is 5.50 vs. the industry median of 4.01, Eversource Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.01, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eversource Energy's current Debt-to-EBITDA of 3.79 is 5.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Eversource Energy. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eversource Energy's current Debt-to-EBITDA is 3.79, which is 31% below median its own 10-year median of 5.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eversource Energy stock overvalued right now?
Based on GuruFocus' analysis, Eversource Energy (ES) is currently considered Fairly Valued. The stock's GF Value™ is $68.58, compared to a current price of $74.82 — trading 9.1% above its estimated fair value. The current Debt-to-EBITDA is 3.79, which is 31% below median its 10-year median of 5.50 and 5.5% below the Utilities - Regulated industry median of 4.01. Eversource Energy'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 Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Eversource Energy (ES), the current Debt-to-EBITDA is 3.79 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 Eversource Energy (ES) Overvalued in 2026?
Based on GuruFocus' analysis, Eversource Energy stock appears to be overvalued.
The current stock price of $74.82 is trading 9.1% above its estimated GF Value™ of $68.58.
GuruFocus considers Eversource Energy to be Fairly Valued.
Key valuation signals for ES:
Debt-to-EBITDA: 3.79 (31% below median its 10-year median of 5.50)
GF Value™: $68.58 vs. price of $74.82 (9.1% above fair value)
Industry Position: 5.5% below the Utilities - Regulated median (#297 of 447)
No single metric tells the full story. See the ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast US. Eversource expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). In 2024 Eversource exited its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast US. It plans to sell Aquarion in 2026. The company exited most of its unregulated businesses in 2006.
74GF Score
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