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Meridian EnergyNZSE:MEL -1.87%82 EV-to-EBITDA is 19.53 as of Aug. 29, 2026, which is 28% above its 10-year median of 15.26. GuruFocus rates NZSE:MEL with a GF Score™ of 82/100 and a GF Value™ of NZ$4.75 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 367 Utilities - Independent Power Producers companies, Meridian Energy ranks worse than 85.56% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Meridian Energy's enterprise value is NZ$15,428 Mil.
Meridian Energy's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was NZ$790 Mil. Therefore, Meridian Energy's EV-to-EBITDA for today is 19.53.
The historical rank and industry rank for Meridian Energy's EV-to-EBITDA or its related term are showing as below:
NZSE:MEL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -192.69 Med: 15.26 Max: 40.2
Current: 19.52
During the past 13 years, the highest EV-to-EBITDA of Meridian Energy was 40.20. The lowest was -192.69. And the median was 15.26.
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.
Meridian Energy (NZSE:MEL) 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.
Meridian Energy's PE Ratio (TTM) for today is calculated as:
Meridian Energy's share price for today is NZ$5.25.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Meridian Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NZ$0.049.
* 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).
The historical data trend for Meridian Energy'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.
Meridian Energy EV-to-EBITDA Competitor Comparison
For the Utilities - Renewable subindustry, Meridian Energy'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.
Meridian Energy EV-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Meridian Energy's EV-to-EBITDA falls into.
Meridian Energy's current Enterprise Value is NZ$15,428 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Meridian Energy's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was NZ$790 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.
Meridian Energy (NZSE:MEL) has a EV-to-EBITDA of 19.53 as of Aug. 29, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Meridian Energy. This is 28% above median its historical median of 15.26. According to the industry distribution chart, Meridian Energy ranks #314 out of 367 companies in the Utilities - Independent Power Producers industry, placing it in the top 85.6%.
Is Meridian Energy's EV-to-EBITDA too high?
Meridian Energy's current EV-to-EBITDA of 19.53 is 28% above median its 10-year median of 15.26. The Utilities - Independent Power Producers industry median EV-to-EBITDA is 11.76. Meridian Energy's value of 19.53 is 66.1% above this industry median. Based on the distribution chart, Meridian Energy ranks #314 out of 367 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Meridian Energy has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meridian Energy's EV-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Meridian Energy ranks #314 out of 367 companies for EV-to-EBITDA. This places Meridian Energy in the lower half of its industry. The industry median EV-to-EBITDA is 11.76. Meridian Energy's value of 19.53 is 66.1% above this benchmark. While the company's 10-year median is 15.26 vs. the industry median of 11.76, Meridian 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 EV-to-EBITDA for an Utilities - Independent Power Producers company?
The median EV-to-EBITDA among Utilities - Independent Power Producers companies is 11.76, based on 367 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. Meridian Energy's current EV-to-EBITDA of 19.53 is 66.1% 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 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 Meridian Energy. For the Utilities - Independent Power Producers industry, the median EV-to-EBITDA is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Energy's current EV-to-EBITDA is 19.53, which is 28% above median its own 10-year median of 15.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian Energy stock overvalued right now?
Based on GuruFocus' analysis, Meridian Energy (NZSE:MEL) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$4.75, compared to a current price of NZ$5.25 — trading 10.5% above its estimated fair value. The current EV-to-EBITDA is 19.53, which is 28% above median its 10-year median of 15.26 and 66.1% above the Utilities - Independent Power Producers industry median of 11.76. Meridian Energy's overall GF Score™ is 82/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Meridian Energy (NZSE:MEL), the current EV-to-EBITDA is 19.53 as of Aug. 29, 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 Meridian Energy (NZSE:MEL) Overvalued in 2026?
Based on GuruFocus' analysis, Meridian Energy stock appears to be overvalued.
The current stock price of NZ$5.25 is trading 10.5% above its estimated GF Value™ of NZ$4.75.
GuruFocus considers Meridian Energy to be Modestly Overvalued.
Key valuation signals for NZSE:MEL:
EV-to-EBITDA: 19.53 (28% above median its 10-year median of 15.26)
GF Value™: NZ$4.75 vs. price of NZ$5.25 (10.5% above fair value)
Industry Position: 66.1% above the Utilities - Independent Power Producers median (#314 of 367)
No single metric tells the full story. See the NZSE:MEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.
82GF Score
Get the complete analysis for NZSE:MEL
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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