Fermi (FRMI) EV-to-EBITDA: -12.21 (As of Aug. 08, 2026)

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FRMI Fermi Inc FRMI
14 GF Score
Price $6.18
! 1 Warning Sign
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What is Fermi EV-to-EBITDA?

Fermi FRMI 14 EV-to-EBITDA is -12.21 as of Aug. 08, 2026. GuruFocus rates FRMI with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 671 REITs companies, Fermi ranks worse than 149031.15% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Fermi's enterprise value is $4,200.86 Mil. Fermi's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-343.95 Mil. Therefore, Fermi's EV-to-EBITDA for today is -12.21.

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

FRMI' s EV-to-EBITDA Range Over the Past 10 Years
Min: -12.62   Med: 0   Max: 0
Current: -12.21

FRMI's EV-to-EBITDA is ranked worse than
100% of 671 companies
in the REITs industry
Industry Median: 15.53 vs FRMI: -12.21

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-08), Fermi's stock price is $6.18. Fermi's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.176. Therefore, Fermi's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Fermi  (NAS:FRMI) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Fermi's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=6.18/-1.176
=At Loss

Fermi's share price for today is $6.18.
Fermi's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.176.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Fermi EV-to-EBITDA Related Terms


Fermi EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Fermi's EV-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.

Fermi EV-to-EBITDA Chart

Fermi Annual Data
Trend Dec25
EV-to-EBITDA
-26.78

Fermi Quarterly Data
Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 0.00 0.00 0.00 0.00 0.00

FRMI vs EPR, OUT, RYN: EV-to-EBITDA Comparison

For the REIT - Specialty subindustry, Fermi's EV-to-EBITDA, along with its competitors' market caps and EV-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.


Fermi EV-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Fermi's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Fermi's EV-to-EBITDA falls into.


FRMI
14GF Score
Fermi Inc FRMI
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fermi EV-to-EBITDA Calculation

Fermi's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=4200.860/-343.945
=-12.21

Fermi's current Enterprise Value is $4,200.86 Mil.
Fermi's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-343.95 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-EBITDA →
What does a EV-to-EBITDA of -12.21 mean?
Fermi (FRMI) has a EV-to-EBITDA of -12.21 as of Aug. 08, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Fermi. According to the industry distribution chart, Fermi ranks #999999 out of 671 companies in the REITs industry.
Is Fermi's EV-to-EBITDA too high?
Fermi's current EV-to-EBITDA is -12.21. Based on the distribution chart, Fermi ranks #999999 out of 671 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Fermi has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Fermi's EV-to-EBITDA compare to EPR and OUT?
According to the REITs industry distribution chart, Fermi ranks #999999 out of 671 companies for EV-to-EBITDA. This places Fermi in the lower half of its industry. The industry median EV-to-EBITDA is 15.53. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a REITs company?
The median EV-to-EBITDA among REITs companies is 15.53, based on 671 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Fermi. For the REITs industry, the median EV-to-EBITDA is 15.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fermi's current EV-to-EBITDA is -12.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fermi stock overvalued right now?
Fermi (FRMI) has a current EV-to-EBITDA of -12.21. The current EV-to-EBITDA is -12.21. Fermi's overall GF Score™ is 14/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Fermi (FRMI), the current EV-to-EBITDA is -12.21 as of Aug. 08, 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.

Fermi Business Description

Industry Real EstateREITs
Other Exchanges FRMI:UKH3V:Germany
Address 620 South Taylor Street, Suite 301, Amarillo, TX, USA, 79101
Fermi Inc building a private power campus for AI-centric customers, developing and leasing large-scale, grid-independent energy generation and high-performance computing facilities purpose-built for the hyperscale era. The company is also developing a private energy and site infrastructure platform across the campus to support multiple powered shell buildings and a diversified, integrated power supply, including private power generation and delivery infrastructure, substations, internal distribution networks, water and cooling systems, and other essential infrastructure. In addition to powered shell facilities, it may offer long-term ground leases to tenants that elect to construct their own powered shell facilities on land, with or without integrated power delivery.
14GF Score

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

$6.18
Price