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Fortum OyjFOJCY +2.80%62 EV-to-OCF is 21.93 as of Aug. 09, 2026, which is 63% above its 10-year median of 13.45. GuruFocus rates FOJCY with a GF Score™ of 62/100 and a GF Value™ of $2.85 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 448 Utilities - Independent Power Producers companies, Fortum Oyj ranks worse than 78.35% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Fortum Oyj's Enterprise Value is $21,919 Mil.
Fortum Oyj's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $999 Mil. Therefore, Fortum Oyj's EV-to-OCF for today is 21.93.
The historical rank and industry rank for Fortum Oyj's EV-to-OCF or its related term are showing as below:
FOJCY'
s EV-to-OCF Range Over the Past 10 Years
Min: -4.34 Med: 13.45 Max: 29.45
Current: 22.28
During the past 13 years, the highest EV-to-OCF of Fortum Oyj was 29.45. The lowest was -4.34. And the median was 13.45.
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.
Fortum Oyj's share price for today is $4.41.
Fortum Oyj'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 $0.214.
* 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.
Fortum Oyj EV-to-OCF Related Terms
Fortum Oyj EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Fortum Oyj'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, Fortum Oyj'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.
Fortum Oyj EV-to-OCF vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Fortum Oyj's EV-to-OCF falls into.
Fortum Oyj's current Enterprise Value is $21,919 Mil.
Fortum Oyj's Cash Flow from Operations 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 $999 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.
Fortum Oyj (FOJCY) has a EV-to-OCF of 21.93 as of Aug. 09, 2026. This is 63% above median its historical median of 13.45. According to the industry distribution chart, Fortum Oyj ranks #351 out of 448 companies in the Utilities - Independent Power Producers industry, placing it in the top 78.3%.
Is Fortum Oyj's EV-to-OCF too high?
Fortum Oyj's current EV-to-OCF of 21.93 is 63% above median its 10-year median of 13.45. The Utilities - Independent Power Producers industry median EV-to-OCF is 9.66. Fortum Oyj's value of 21.93 is 127.1% above this industry median. Based on the distribution chart, Fortum Oyj ranks #351 out of 448 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Fortum Oyj has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's EV-to-OCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #351 out of 448 companies for EV-to-OCF. This places Fortum Oyj in the lower half of its industry. The industry median EV-to-OCF is 9.66. Fortum Oyj's value of 21.93 is 127.1% above this benchmark. While the company's 10-year median is 13.45 vs. the industry median of 9.66, Fortum Oyj 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. Fortum Oyj's current EV-to-OCF of 21.93 is 127.1% 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-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. Fortum Oyj's current EV-to-OCF is 21.93, which is 63% above median its own 10-year median of 13.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (FOJCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.85, compared to a current price of $4.41 — trading 54.7% above its estimated fair value. The current EV-to-OCF is 21.93, which is 63% above median its 10-year median of 13.45 and 127.1% above the Utilities - Independent Power Producers industry median of 9.66. Fortum Oyj's overall GF Score™ is 62/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Fortum Oyj (FOJCY), the current EV-to-OCF is 21.93 as of Aug. 09, 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 Fortum Oyj (FOJCY) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of $4.41 is trading 54.7% above its estimated GF Value™ of $2.85.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for FOJCY:
EV-to-OCF: 21.93 (63% above median its 10-year median of 13.45)
GF Value™: $2.85 vs. price of $4.41 (54.7% above fair value)
Industry Position: 127.1% above the Utilities - Independent Power Producers median (#351 of 448)
No single metric tells the full story. See the FOJCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
62GF Score
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