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Meridian EnergyASX:MEZ -0.43%77 EV-to-OCF is 25.42 as of Aug. 10, 2026, which is 4% below its 10-year median of 26.36. GuruFocus rates ASX:MEZ with a GF Score™ of 77/100 and a GF Value™ of A$4.88 (Fairly Valued). The stock has 6 warning signs investors should review. Among 448 Utilities - Independent Power Producers companies, Meridian Energy ranks worse than 81.7% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Meridian Energy's Enterprise Value is A$13,751 Mil.
Meridian Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$541 Mil. Therefore, Meridian Energy's EV-to-OCF for today is 25.42.
The historical rank and industry rank for Meridian Energy's EV-to-OCF or its related term are showing as below:
ASX:MEZ'
s EV-to-OCF Range Over the Past 10 Years
Min: 16.45 Med: 26.36 Max: 53.93
Current: 27.3
During the past 13 years, the highest EV-to-OCF of Meridian Energy was 53.93. The lowest was 16.45. And the median was 26.36.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 A$4.67.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Meridian Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.043.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Meridian Energy EV-to-OCF Related Terms
Meridian Energy EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Meridian Energy's EV-to-OCF 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.
For the Utilities - Renewable subindustry, Meridian Energy's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Meridian Energy's EV-to-OCF falls into.
Meridian Energy's current Enterprise Value is A$13,751 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Meridian Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was A$541 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 (ASX:MEZ) has a EV-to-OCF of 25.42 as of Aug. 10, 2026. This is near median its historical median of 26.36. Over the past decade, Meridian Energy's EV-to-OCF has ranged from 16.45 to 53.93. According to the industry distribution chart, Meridian Energy ranks #366 out of 448 companies in the Utilities - Independent Power Producers industry, placing it in the top 81.7%.
Is Meridian Energy's EV-to-OCF too high?
Meridian Energy's current EV-to-OCF of 25.42 is near median its 10-year median of 26.36. Over the past 10 years, this metric has ranged from a low of 16.45 to a high of 53.93. The Utilities - Independent Power Producers industry median EV-to-OCF is 9.66. Meridian Energy's value of 25.42 is 163.3% above this industry median. Based on the distribution chart, Meridian Energy ranks #366 out of 448 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 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meridian Energy's EV-to-OCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Meridian Energy ranks #366 out of 448 companies for EV-to-OCF. This places Meridian Energy in the lower half of its industry. The industry median EV-to-OCF is 9.66. Meridian Energy's value of 25.42 is 163.3% above this benchmark. Historically, Meridian Energy's own EV-to-OCF has ranged from 16.45 to 53.93 over the past decade. While the company's 10-year median is 26.36 vs. the industry median of 9.66, 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-OCF for an Utilities - Independent Power Producers company?
The median EV-to-OCF among Utilities - Independent Power Producers companies is 9.66, based on 448 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meridian Energy's current EV-to-OCF of 25.42 is 163.3% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median EV-to-OCF is 9.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Energy's current EV-to-OCF is 25.42, which is near median its own 10-year median of 26.36. 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 (ASX:MEZ) is currently considered Fairly Valued. The stock's GF Value™ is A$4.88, compared to a current price of A$4.67 — trading 4.3% below its estimated fair value. The current EV-to-OCF is 25.42, which is near median its 10-year median of 26.36 and 163.3% above the Utilities - Independent Power Producers industry median of 9.66. Meridian Energy's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Meridian Energy (ASX:MEZ), the current EV-to-OCF is 25.42 as of Aug. 10, 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 (ASX:MEZ) Overvalued in 2026?
Based on GuruFocus' analysis, Meridian Energy stock appears to be undervalued.
The current stock price of A$4.67 is trading 4.3% below its estimated GF Value™ of A$4.88.
GuruFocus considers Meridian Energy to be Fairly Valued.
Key valuation signals for ASX:MEZ:
EV-to-OCF: 25.42 (near median its 10-year median of 26.36)
GF Value™: A$4.88 vs. price of A$4.67 (4.3% below fair value)
Industry Position: 163.3% above the Utilities - Independent Power Producers median (#366 of 448)
No single metric tells the full story. See the ASX:MEZ 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.
77GF Score
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