Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NextEra EnergyHAM:FP3 +0.95%86 Debt-to-EBITDA is 6.61 as of Mar. 2026, which is 34% above its 10-year median of 4.95. GuruFocus rates HAM:FP3 with a GF Score™ of 86/100 and a GF Value™ of €70.97 (Fairly Valued). The stock has 10 warning signs investors should review. Among 449 Utilities - Regulated companies, NextEra Energy ranks worse than 75.06% 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 NextEra Energy's Debt-to-EBITDA or its related term are showing as below:
HAM:FP3'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.9 Med: 4.95 Max: 7.06
Current: 6.11
During the past 13 years, the highest Debt-to-EBITDA Ratio of NextEra Energy was 7.06. The lowest was 2.90. And the median was 4.95.
HAM:FP3's Debt-to-EBITDA is ranked worse than 75.06% of 449
companies
in the Utilities - Regulated industry
Industry Median: 4.01
vs HAM:FP3: 6.11
NextEra Energy (HAM:FP3) 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.
NextEra Energy Debt-to-EBITDA Related Terms
NextEra Energy Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for NextEra 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.
HAM:FP3 vs SO, DUK, AEP: Debt-to-EBITDA Comparison
For the Utilities - Regulated Electric subindustry, NextEra 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.
NextEra Energy Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NextEra Energy's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NextEra 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.
NextEra Energy (HAM:FP3) has a Debt-to-EBITDA of 6.61 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 NextEra Energy. This is 34% above median its historical median of 4.95. Over the past decade, NextEra Energy's Debt-to-EBITDA has ranged from 2.90 to 7.06. According to the industry distribution chart, NextEra Energy ranks #337 out of 449 companies in the Utilities - Regulated industry, placing it in the top 75.1%.
Is NextEra Energy's Debt-to-EBITDA too high?
NextEra Energy's current Debt-to-EBITDA of 6.61 is 34% above median its 10-year median of 4.95. Over the past 10 years, this metric has ranged from a low of 2.90 to a high of 7.06. The Utilities - Regulated industry median Debt-to-EBITDA is 4.01. NextEra Energy's value of 6.61 is 64.8% above this industry median. Based on the distribution chart, NextEra Energy ranks #337 out of 449 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, NextEra Energy has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NextEra Energy's Debt-to-EBITDA compare to SO and DUK?
According to the Utilities - Regulated industry distribution chart, NextEra Energy ranks #337 out of 449 companies for Debt-to-EBITDA. This places NextEra Energy in the lower half of its industry. The industry median Debt-to-EBITDA is 4.01. NextEra Energy's value of 6.61 is 64.8% above this benchmark. Historically, NextEra Energy's own Debt-to-EBITDA has ranged from 2.90 to 7.06 over the past decade. While the company's 10-year median is 4.95 vs. the industry median of 4.01, NextEra Energy has consistently been above 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 449 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. NextEra Energy's current Debt-to-EBITDA of 6.61 is 64.8% above 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 NextEra 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. NextEra Energy's current Debt-to-EBITDA is 6.61, which is 34% above median its own 10-year median of 4.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NextEra Energy stock overvalued right now?
Based on GuruFocus' analysis, NextEra Energy (HAM:FP3) is currently considered Fairly Valued. The stock's GF Value™ is €70.97, compared to a current price of €78.36 — trading 10.4% above its estimated fair value. The current Debt-to-EBITDA is 6.61, which is 34% above median its 10-year median of 4.95 and 64.8% above the Utilities - Regulated industry median of 4.01. NextEra Energy's overall GF Score™ is 86/100 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 NextEra Energy (HAM:FP3), the current Debt-to-EBITDA is 6.61 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 NextEra Energy (HAM:FP3) Overvalued in 2026?
Based on GuruFocus' analysis, NextEra Energy stock appears to be overvalued.
The current stock price of €78.36 is trading 10.4% above its estimated GF Value™ of €70.97.
GuruFocus considers NextEra Energy to be Fairly Valued.
Key valuation signals for HAM:FP3:
Debt-to-EBITDA: 6.61 (34% above median its 10-year median of 4.95)
GF Value™: €70.97 vs. price of €78.36 (10.4% above fair value)
Industry Position: 64.8% above the Utilities - Regulated median (#337 of 449)
No single metric tells the full story. See the HAM:FP3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to over 6 million customer accounts in Florida and owns 36 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with nearly 40 GW of generation capacity, including natural gas, nuclear, wind, and solar.
86GF Score
Get the complete analysis for HAM:FP3
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:FP3 has been successfully added to your 
