FOJCF (Fortum Oyj) EV-to-EBIT: 16.98 (As of Jul. 24, 2026) — 46% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FOJCF Fortum Oyj FOJCF
69 GF Score
Price $22.47
GF Value $13.71
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Fortum Oyj EV-to-EBIT?

Fortum Oyj FOJCF -0.70% 69 EV-to-EBIT is 16.98 as of Jul. 24, 2026, which is 46% above its 10-year median of 11.60. GuruFocus rates FOJCF with a GF Score™ of 69/100 and a GF Value™ of $13.71 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 341 Utilities - Independent Power Producers companies, Fortum Oyj ranks better than 51.03% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Fortum Oyj's Enterprise Value is $23,311 Mil. Fortum Oyj's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $1,373 Mil. Therefore, Fortum Oyj's EV-to-EBIT for today is 16.98.

The historical rank and industry rank for Fortum Oyj's EV-to-EBIT or its related term are showing as below:

FOJCF' s EV-to-EBIT Range Over the Past 10 Years
Min: -80.62   Med: 11.6   Max: 22.9
Current: 17.28

During the past 13 years, the highest EV-to-EBIT of Fortum Oyj was 22.90. The lowest was -80.62. And the median was 11.60.

FOJCF's EV-to-EBIT is ranked better than
51.03% of 341 companies
in the Utilities - Independent Power Producers industry
Industry Median: 17.81 vs FOJCF: 17.28

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Fortum Oyj's Enterprise Value for the quarter that ended in Jun. 2026 was $22,571 Mil. Fortum Oyj's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $1,373 Mil. Fortum Oyj's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 6.08%.


Fortum Oyj  (OTCPK:FOJCF) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Fortum Oyj's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=1372.795/22570.88824
=6.08 %

Fortum Oyj's Enterprise Value for the quarter that ended in Jun. 2026 was $22,571 Mil.
Fortum Oyj's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,373 Mil.

* 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.


Fortum Oyj EV-to-EBIT Related Terms


Fortum Oyj EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Fortum Oyj's EV-to-EBIT 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.

Fortum Oyj EV-to-EBIT Chart

Fortum Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.72 9.77 7.07 7.76 16.23

Fortum Oyj Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT 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 11.80 13.17 16.23 17.83 16.96

Fortum Oyj EV-to-EBIT Competitor Comparison

For the Utilities - Renewable subindustry, Fortum Oyj's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Fortum Oyj EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Fortum Oyj's EV-to-EBIT falls into.


FOJCF
69GF Score
Fortum Oyj FOJCF
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortum Oyj EV-to-EBIT Calculation

Fortum Oyj's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=23310.945/1372.795
=16.98

Fortum Oyj's current Enterprise Value is $23,311 Mil.
Fortum Oyj's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,373 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 16.98 mean?
Fortum Oyj (FOJCF) has a EV-to-EBIT of 16.98 as of Jul. 24, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Fortum Oyj and its competitors. This is 46% above median its historical median of 11.60. According to the industry distribution chart, Fortum Oyj ranks #167 out of 341 companies in the Utilities - Independent Power Producers industry, placing it in the top 49%.
Is Fortum Oyj's EV-to-EBIT too high?
Fortum Oyj's current EV-to-EBIT of 16.98 is 46% above median its 10-year median of 11.60. The Utilities - Independent Power Producers industry median EV-to-EBIT is 17.81. Fortum Oyj's value of 16.98 is 4.7% below this industry median. Based on the distribution chart, Fortum Oyj ranks #167 out of 341 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Fortum Oyj has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's EV-to-EBIT compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #167 out of 341 companies for EV-to-EBIT. This puts Fortum Oyj in the upper half of its industry. The industry median EV-to-EBIT is 17.81. Fortum Oyj's value of 16.98 is 4.7% below this benchmark. While the company's 10-year median is 11.60 vs. the industry median of 17.81, Fortum Oyj 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 EV-to-EBIT for an Utilities - Independent Power Producers company?
The median EV-to-EBIT among Utilities - Independent Power Producers companies is 17.81, based on 341 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortum Oyj's current EV-to-EBIT of 16.98 is 4.7% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median EV-to-EBIT is 17.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current EV-to-EBIT is 16.98, which is 46% above median its own 10-year median of 11.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.71, compared to a current price of $22.47 — trading 63.9% above its estimated fair value. The current EV-to-EBIT is 16.98, which is 46% above median its 10-year median of 11.60 and 4.7% below the Utilities - Independent Power Producers industry median of 17.81. Fortum Oyj's overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Fortum Oyj (FOJCF), the current EV-to-EBIT is 16.98 as of Jul. 24, 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 Fortum Oyj (FOJCF) Overvalued in 2026?

Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued. The current stock price of $22.47 is trading 63.9% above its estimated GF Value™ of $13.71. GuruFocus considers Fortum Oyj to be Significantly Overvalued.

Key valuation signals for FOJCF:

  • EV-to-EBIT: 16.98 (46% above median its 10-year median of 11.60)
  • GF Value™: $13.71 vs. price of $22.47 (63.9% above fair value)
  • GF Score™: 69/100 with 7 warning signs
  • Industry Position: 4.7% below the Utilities - Independent Power Producers median (#167 of 341)

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


Fortum Oyj Business Description

Address Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, 02150
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
69GF Score

Get the complete analysis for FOJCF

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.47
Price
$13.71
GF Value