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Northland PowerTSX:NPI -0.95%73 EV-to-EBITDA is 12.63 as of Jul. 22, 2026, which is 19% above its 10-year median of 10.57. GuruFocus rates TSX:NPI with a GF Score™ of 73/100 and a GF Value™ of C$24.27 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 358 Utilities - Independent Power Producers companies, Northland Power ranks worse than 55.03% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Northland Power's enterprise value is C$12,094 Mil.
Northland Power's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was C$958 Mil. Therefore, Northland Power's EV-to-EBITDA for today is 12.63.
The historical rank and industry rank for Northland Power's EV-to-EBITDA or its related term are showing as below:
TSX:NPI'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.52 Med: 10.57 Max: 94.12
Current: 12.62
During the past 13 years, the highest EV-to-EBITDA of Northland Power was 94.12. The lowest was 6.52. And the median was 10.57.
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.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Northland Power (TSX:NPI) 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.
Northland Power's PE Ratio (TTM) for today is calculated as:
Northland Power's share price for today is C$21.84.
Northland Power's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.570.
* 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 Northland Power'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.
Northland Power EV-to-EBITDA Competitor Comparison
For the Utilities - Renewable subindustry, Northland Power'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.
Northland Power EV-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Northland Power's EV-to-EBITDA falls into.
Northland Power's current Enterprise Value is C$12,094 Mil.
Northland Power'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 C$958 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.
Northland Power (TSX:NPI) has a EV-to-EBITDA of 12.63 as of Jul. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Northland Power. This is 19% above median its historical median of 10.57. Over the past decade, Northland Power's EV-to-EBITDA has ranged from 6.52 to 94.12. According to the industry distribution chart, Northland Power ranks #197 out of 358 companies in the Utilities - Independent Power Producers industry, placing it in the top 55%.
Is Northland Power's EV-to-EBITDA too high?
Northland Power's current EV-to-EBITDA of 12.63 is 19% above median its 10-year median of 10.57. Over the past 10 years, this metric has ranged from a low of 6.52 to a high of 94.12. The Utilities - Independent Power Producers industry median EV-to-EBITDA is 11.37. Northland Power's value of 12.63 is 11.1% above this industry median. Based on the distribution chart, Northland Power ranks #197 out of 358 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Northland Power has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Northland Power's EV-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Northland Power ranks #197 out of 358 companies for EV-to-EBITDA. This places Northland Power in the lower half of its industry. The industry median EV-to-EBITDA is 11.37. Northland Power's value of 12.63 is 11.1% above this benchmark. Historically, Northland Power's own EV-to-EBITDA has ranged from 6.52 to 94.12 over the past decade. While the company's 10-year median is 10.57 vs. the industry median of 11.37, Northland Power 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 11.37, based on 358 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. Northland Power's current EV-to-EBITDA of 12.63 is 11.1% 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 Northland Power. For the Utilities - Independent Power Producers industry, the median EV-to-EBITDA is 11.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northland Power's current EV-to-EBITDA is 12.63, which is 19% above median its own 10-year median of 10.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northland Power stock overvalued right now?
Based on GuruFocus' analysis, Northland Power (TSX:NPI) is currently considered Modestly Undervalued. The stock's GF Value™ is C$24.27, compared to a current price of C$21.84 — trading 10% below its estimated fair value. The current EV-to-EBITDA is 12.63, which is 19% above median its 10-year median of 10.57 and 11.1% above the Utilities - Independent Power Producers industry median of 11.37. Northland Power's overall GF Score™ is 73/100 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 Northland Power (TSX:NPI), the current EV-to-EBITDA is 12.63 as of Jul. 22, 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 Northland Power (TSX:NPI) Overvalued in 2026?
Based on GuruFocus' analysis, Northland Power stock appears to be undervalued.
The current stock price of C$21.84 is trading 10% below its estimated GF Value™ of C$24.27.
GuruFocus considers Northland Power to be Modestly Undervalued.
Key valuation signals for TSX:NPI:
EV-to-EBITDA: 12.63 (19% above median its 10-year median of 10.57)
GF Value™: C$24.27 vs. price of C$21.84 (10% below fair value)
Industry Position: 11.1% above the Utilities - Independent Power Producers median (#197 of 358)
No single metric tells the full story. See the TSX:NPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northland Power develops, constructs, and operates sustainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
73GF Score
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