Northern Solar Holdings Bhd (XKLS:0340) EV-to-EBITDA: 10.13 (As of Aug. 12, 2026) — 11% Below 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.

XKLS:0340 Northern Solar Holdings Bhd XKLS:0340
19 GF Score
Price RM0.69
! 4 Warning Signs
View Full Analysis

What is Northern Solar Holdings Bhd EV-to-EBITDA?

Northern Solar Holdings Bhd XKLS:0340 +2.22% 19 EV-to-EBITDA is 10.13 as of Aug. 12, 2026, which is 11% below its 10-year median of 11.40. GuruFocus rates XKLS:0340 with a GF Score™ of 19/100. The stock has 4 warning signs investors should review. Among 758 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 78.63% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Northern Solar Holdings Bhd's enterprise value is RM243.3 Mil. Northern Solar Holdings Bhd's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was RM24.0 Mil. Therefore, Northern Solar Holdings Bhd's EV-to-EBITDA for today is 10.13.

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

XKLS:0340' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.44   Med: 11.4   Max: 29.15
Current: 10.14

During the past 5 years, the highest EV-to-EBITDA of Northern Solar Holdings Bhd was 29.15. The lowest was 7.44. And the median was 11.40.

XKLS:0340's EV-to-EBITDA is ranked better than
78.63% of 758 companies
in the Semiconductors industry
Industry Median: 26.005 vs XKLS:0340: 10.14

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 (2026-08-12), Northern Solar Holdings Bhd's stock price is RM0.69. Northern Solar Holdings Bhd's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was RM0.039. Therefore, Northern Solar Holdings Bhd's PE Ratio (TTM) for today is 17.69.

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


Northern Solar Holdings Bhd  (XKLS:0340) 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.

Northern Solar Holdings Bhd's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.69/0.039
=17.69

Northern Solar Holdings Bhd's share price for today is RM0.69.
Northern Solar Holdings Bhd'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 RM0.039.

* 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?


Northern Solar Holdings Bhd EV-to-EBITDA Related Terms


Northern Solar Holdings Bhd EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Northern Solar Holdings Bhd'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.

Northern Solar Holdings Bhd EV-to-EBITDA Chart

Northern Solar Holdings Bhd Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBITDA
0.00 0.00 0.00 12.24 8.82

Northern Solar Holdings Bhd Quarterly Data
Mar22 Mar23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.24 11.68 12.76 10.31 8.82

XKLS:0340 vs FSLR, NXT, ENPH: EV-to-EBITDA Comparison

For the Solar subindustry, Northern Solar Holdings Bhd'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.


Northern Solar Holdings Bhd EV-to-EBITDA vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Northern Solar Holdings Bhd's EV-to-EBITDA falls into.


XKLS:0340
19GF Score
Northern Solar Holdings Bhd XKLS:0340
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northern Solar Holdings Bhd EV-to-EBITDA Calculation

Northern Solar Holdings Bhd's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=243.297/24.007
=10.13

Northern Solar Holdings Bhd's current Enterprise Value is RM243.3 Mil.
Northern Solar Holdings Bhd'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 RM24.0 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 10.13 mean?
Northern Solar Holdings Bhd (XKLS:0340) has a EV-to-EBITDA of 10.13 as of Aug. 12, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Northern Solar Holdings Bhd. This is 11% below median its historical median of 11.40. Over the past decade, Northern Solar Holdings Bhd's EV-to-EBITDA has ranged from 7.44 to 29.15. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #162 out of 758 companies in the Semiconductors industry, placing it in the top 21.4%.
Is Northern Solar Holdings Bhd's EV-to-EBITDA too high?
Northern Solar Holdings Bhd's current EV-to-EBITDA of 10.13 is 11% below median its 10-year median of 11.40. Over the past 10 years, this metric has ranged from a low of 7.44 to a high of 29.15. The Semiconductors industry median EV-to-EBITDA is 26.01. Northern Solar Holdings Bhd's value of 10.13 is 61% below this industry median. Based on the distribution chart, Northern Solar Holdings Bhd ranks #162 out of 758 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Solar Holdings Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's EV-to-EBITDA compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #162 out of 758 companies for EV-to-EBITDA. This places Northern Solar Holdings Bhd in the top 21% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 26.01. Northern Solar Holdings Bhd's value of 10.13 is 61% below this benchmark. Historically, Northern Solar Holdings Bhd's own EV-to-EBITDA has ranged from 7.44 to 29.15 over the past decade. While the company's 10-year median is 11.40 vs. the industry median of 26.01, Northern Solar Holdings Bhd 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-EBITDA for a Semiconductors company?
The median EV-to-EBITDA among Semiconductors companies is 26.01, based on 758 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. Northern Solar Holdings Bhd's current EV-to-EBITDA of 10.13 is 61% 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-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 Northern Solar Holdings Bhd. For the Semiconductors industry, the median EV-to-EBITDA is 26.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Solar Holdings Bhd's current EV-to-EBITDA is 10.13, which is 11% below median its own 10-year median of 11.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current EV-to-EBITDA of 10.13. The current EV-to-EBITDA is 10.13, which is 11% below median its 10-year median of 11.40 and 61% below the Semiconductors industry median of 26.01. Northern Solar Holdings Bhd's overall GF Score™ is 19/100 with 4 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 Northern Solar Holdings Bhd (XKLS:0340), the current EV-to-EBITDA is 10.13 as of Aug. 12, 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.

Northern Solar Holdings Bhd Business Description

Address No. 3, Jalan SS20/27, Units 8-01 and 8-02, Level 8, Menara Lagenda, Petaling Jaya, SGR, MYS, 47400
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
19GF Score

Get the complete analysis for XKLS:0340

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

RM0.69
Price