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Tenaga Nasional BhdXKLS:5347 -0.97%83 EV-to-EBITDA is 15.88 as of Jul. 27, 2026, which is 6% above its 10-year median of 15.00. GuruFocus rates XKLS:5347 with a GF Score™ of 83/100 and a GF Value™ of RM14.91 (Fairly Valued). The stock has 7 warning signs investors should review. Among 468 Utilities - Regulated companies, Tenaga Nasional Bhd ranks worse than 82.48% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Tenaga Nasional Bhd's enterprise value is RM161,876 Mil.
Tenaga Nasional Bhd's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was RM10,193 Mil. Therefore, Tenaga Nasional Bhd's EV-to-EBITDA for today is 15.88.
The historical rank and industry rank for Tenaga Nasional Bhd's EV-to-EBITDA or its related term are showing as below:
XKLS:5347'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.3 Med: 15 Max: 21.98
Current: 15.88
During the past 13 years, the highest EV-to-EBITDA of Tenaga Nasional Bhd was 21.98. The lowest was 10.30. And the median was 15.00.
XKLS:5347's EV-to-EBITDA is ranked worse than 82.48% of 468
companies
in the Utilities - Regulated industry
Industry Median: 10
vs XKLS:5347: 15.88
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).
Tenaga Nasional Bhd (XKLS:5347) 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.
Tenaga Nasional Bhd's PE Ratio (TTM) for today is calculated as:
Tenaga Nasional Bhd's share price for today is RM14.36.
Tenaga Nasional 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 RM0.826.
* 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 Tenaga Nasional 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.
XKLS:5347 vs NEE, SO, DUK: EV-to-EBITDA Comparison
For the Utilities - Regulated Electric subindustry, Tenaga Nasional 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.
Tenaga Nasional Bhd EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tenaga Nasional Bhd's EV-to-EBITDA falls into.
Tenaga Nasional Bhd's current Enterprise Value is RM161,876 Mil.
Tenaga Nasional 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 RM10,193 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.
Tenaga Nasional Bhd (XKLS:5347) has a EV-to-EBITDA of 15.88 as of Jul. 27, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Tenaga Nasional Bhd. This is near median its historical median of 15.00. Over the past decade, Tenaga Nasional Bhd's EV-to-EBITDA has ranged from 10.30 to 21.98. According to the industry distribution chart, Tenaga Nasional Bhd ranks #386 out of 468 companies in the Utilities - Regulated industry, placing it in the top 82.5%.
Is Tenaga Nasional Bhd's EV-to-EBITDA too high?
Tenaga Nasional Bhd's current EV-to-EBITDA of 15.88 is near median its 10-year median of 15.00. Over the past 10 years, this metric has ranged from a low of 10.30 to a high of 21.98. The Utilities - Regulated industry median EV-to-EBITDA is 10.00. Tenaga Nasional Bhd's value of 15.88 is 58.8% above this industry median. Based on the distribution chart, Tenaga Nasional Bhd ranks #386 out of 468 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Tenaga Nasional Bhd has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tenaga Nasional Bhd's EV-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Tenaga Nasional Bhd ranks #386 out of 468 companies for EV-to-EBITDA. This places Tenaga Nasional Bhd in the lower half of its industry. The industry median EV-to-EBITDA is 10.00. Tenaga Nasional Bhd's value of 15.88 is 58.8% above this benchmark. Historically, Tenaga Nasional Bhd's own EV-to-EBITDA has ranged from 10.30 to 21.98 over the past decade. While the company's 10-year median is 15.00 vs. the industry median of 10.00, Tenaga Nasional Bhd 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 - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 10.00, based on 468 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. Tenaga Nasional Bhd's current EV-to-EBITDA of 15.88 is 58.8% 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 Tenaga Nasional Bhd. For the Utilities - Regulated industry, the median EV-to-EBITDA is 10.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaga Nasional Bhd's current EV-to-EBITDA is 15.88, which is near median its own 10-year median of 15.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaga Nasional Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tenaga Nasional Bhd (XKLS:5347) is currently considered Fairly Valued. The stock's GF Value™ is RM14.91, compared to a current price of RM14.36 — trading 3.7% below its estimated fair value. The current EV-to-EBITDA is 15.88, which is near median its 10-year median of 15.00 and 58.8% above the Utilities - Regulated industry median of 10.00. Tenaga Nasional Bhd's overall GF Score™ is 83/100 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 Tenaga Nasional Bhd (XKLS:5347), the current EV-to-EBITDA is 15.88 as of Jul. 27, 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 Tenaga Nasional Bhd (XKLS:5347) Overvalued in 2026?
Based on GuruFocus' analysis, Tenaga Nasional Bhd stock appears to be undervalued.
The current stock price of RM14.36 is trading 3.7% below its estimated GF Value™ of RM14.91.
GuruFocus considers Tenaga Nasional Bhd to be Fairly Valued.
Key valuation signals for XKLS:5347:
EV-to-EBITDA: 15.88 (near median its 10-year median of 15.00)
GF Value™: RM14.91 vs. price of RM14.36 (3.7% below fair value)
Industry Position: 58.8% above the Utilities - Regulated median (#386 of 468)
No single metric tells the full story. See the XKLS:5347 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tenaga Nasional Bhd is an electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and retail of electricity. TNB segments includes Power Generation, Grid, Distribution Network, and Retail. The company encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers. The company generates maximum revenue through the sale of electricity in Malaysia. Its customers are mainly commercial operations, residential consumers, and large industrial entities.
83GF Score
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