Zhejiang Zheneng Electric Power Co (SHSE:600023) EV-to-EBITDA: 15.59 (As of Sep. 02, 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.

SHSE:600023 Zhejiang Zheneng Electric Power Co Ltd SHSE:600023
72 GF Score
Price ¥4.96
GF Value ¥4.76
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Zhejiang Zheneng Electric Power Co EV-to-EBITDA?

Zhejiang Zheneng Electric Power Co SHSE:600023 +1.02% 72 EV-to-EBITDA is 15.59 as of Sep. 02, 2026, which is 46% above its 10-year median of 10.69. GuruFocus rates SHSE:600023 with a GF Score™ of 72/100 and a GF Value™ of ¥4.76 (Fairly Valued). The stock has 5 warning signs investors should review. Among 365 Utilities - Independent Power Producers companies, Zhejiang Zheneng Electric Power Co ranks worse than 62.47% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Zhejiang Zheneng Electric Power Co's enterprise value is ¥110,845 Mil. Zhejiang Zheneng Electric Power Co's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ¥7,108 Mil. Therefore, Zhejiang Zheneng Electric Power Co's EV-to-EBITDA for today is 15.59.

The historical rank and industry rank for Zhejiang Zheneng Electric Power Co's EV-to-EBITDA or its related term are showing as below:

SHSE:600023' s EV-to-EBITDA Range Over the Past 10 Years
Min: -115.91   Med: 10.69   Max: 62.31
Current: 15.59

During the past 13 years, the highest EV-to-EBITDA of Zhejiang Zheneng Electric Power Co was 62.31. The lowest was -115.91. And the median was 10.69.

SHSE:600023's EV-to-EBITDA is ranked worse than
62.47% of 365 companies
in the Utilities - Independent Power Producers industry
Industry Median: 11.7 vs SHSE:600023: 15.59

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 (2026-09-02), Zhejiang Zheneng Electric Power Co's stock price is ¥4.96. Zhejiang Zheneng Electric Power Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was ¥0.410. Therefore, Zhejiang Zheneng Electric Power Co's PE Ratio (TTM) for today is 12.10.

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


Zhejiang Zheneng Electric Power Co  (SHSE:600023) 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.

Zhejiang Zheneng Electric Power Co's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4.96/0.410
=12.10

Zhejiang Zheneng Electric Power Co's share price for today is ¥4.96.
Zhejiang Zheneng Electric Power Co's Earnings per Share (Diluted) 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 ¥0.410.

* 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?


Zhejiang Zheneng Electric Power Co EV-to-EBITDA Related Terms


Zhejiang Zheneng Electric Power Co EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Zhejiang Zheneng Electric Power Co'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.

Zhejiang Zheneng Electric Power Co EV-to-EBITDA Chart

Zhejiang Zheneng Electric Power Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.87 19.70 6.17 6.69 6.52

Zhejiang Zheneng Electric Power Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA 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 10.73 10.68 6.52 12.05 16.20

SHSE:600023 vs CEG, VST, NRG: EV-to-EBITDA Comparison

For the Utilities - Independent Power Producers subindustry, Zhejiang Zheneng Electric Power Co'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.


Zhejiang Zheneng Electric Power Co EV-to-EBITDA vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Zheneng Electric Power Co's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Zhejiang Zheneng Electric Power Co's EV-to-EBITDA falls into.


SHSE:600023
72GF Score
Zhejiang Zheneng Electric Power Co Ltd SHSE:600023
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Zheneng Electric Power Co EV-to-EBITDA Calculation

Zhejiang Zheneng Electric Power Co's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=110844.563/7108.082
=15.59

Zhejiang Zheneng Electric Power Co's current Enterprise Value is ¥110,845 Mil.
Zhejiang Zheneng Electric Power Co's EBITDA 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 ¥7,108 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 15.59 mean?
Zhejiang Zheneng Electric Power Co (SHSE:600023) has a EV-to-EBITDA of 15.59 as of Sep. 02, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Zhejiang Zheneng Electric Power Co. This is 46% above median its historical median of 10.69. According to the industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #228 out of 365 companies in the Utilities - Independent Power Producers industry, placing it in the top 62.5%.
Is Zhejiang Zheneng Electric Power Co's EV-to-EBITDA too high?
Zhejiang Zheneng Electric Power Co's current EV-to-EBITDA of 15.59 is 46% above median its 10-year median of 10.69. The Utilities - Independent Power Producers industry median EV-to-EBITDA is 11.70. Zhejiang Zheneng Electric Power Co's value of 15.59 is 33.2% above this industry median. Based on the distribution chart, Zhejiang Zheneng Electric Power Co ranks #228 out of 365 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Zhejiang Zheneng Electric Power Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zheneng Electric Power Co's EV-to-EBITDA compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #228 out of 365 companies for EV-to-EBITDA. This places Zhejiang Zheneng Electric Power Co in the lower half of its industry. The industry median EV-to-EBITDA is 11.70. Zhejiang Zheneng Electric Power Co's value of 15.59 is 33.2% above this benchmark. While the company's 10-year median is 10.69 vs. the industry median of 11.70, Zhejiang Zheneng Electric Power Co 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 11.70, based on 365 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. Zhejiang Zheneng Electric Power Co's current EV-to-EBITDA of 15.59 is 33.2% 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 Zhejiang Zheneng Electric Power Co. For the Utilities - Independent Power Producers industry, the median EV-to-EBITDA is 11.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Zheneng Electric Power Co's current EV-to-EBITDA is 15.59, which is 46% above median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zheneng Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co (SHSE:600023) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.76, compared to a current price of ¥4.96 — trading 4.2% above its estimated fair value. The current EV-to-EBITDA is 15.59, which is 46% above median its 10-year median of 10.69 and 33.2% above the Utilities - Independent Power Producers industry median of 11.70. Zhejiang Zheneng Electric Power Co's overall GF Score™ is 72/100 with 5 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 Zhejiang Zheneng Electric Power Co (SHSE:600023), the current EV-to-EBITDA is 15.59 as of Sep. 02, 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 Zhejiang Zheneng Electric Power Co (SHSE:600023) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co stock appears to be overvalued. The current stock price of ¥4.96 is trading 4.2% above its estimated GF Value™ of ¥4.76. GuruFocus considers Zhejiang Zheneng Electric Power Co to be Fairly Valued.

Key valuation signals for SHSE:600023:

  • EV-to-EBITDA: 15.59 (46% above median its 10-year median of 10.69)
  • GF Value™: ¥4.76 vs. price of ¥4.96 (4.2% above fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 33.2% above the Utilities - Independent Power Producers median (#228 of 365)

No single metric tells the full story. See the SHSE:600023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Zheneng Electric Power Co Business Description

Address No. 36, Zijinghua Road, 10th Floor, Building A, Zhejiang Energy Science and Technology Innovation Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013
Zhejiang Zheneng Electric Power Co Ltd is engaged in the thermal power generation business in China. It also provides thermal products, as well as invests in nuclear power.
72GF Score

Get the complete analysis for SHSE:600023

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

¥4.96
Price
¥4.76
GF Value