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Hydro OneTSX:H -3.36%79 EV-to-OCF is 19.37 as of Aug. 22, 2026, which is 21% above its 10-year median of 16.05. GuruFocus rates TSX:H with a GF Score™ of 79/100 and a GF Value™ of C$53.05 (Fairly Valued). The stock has 7 warning signs investors should review. Among 504 Utilities - Regulated companies, Hydro One ranks worse than 83.73% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Hydro One's Enterprise Value is C$51,526 Mil.
Hydro One's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was C$2,660 Mil. Therefore, Hydro One's EV-to-OCF for today is 19.37.
The historical rank and industry rank for Hydro One's EV-to-OCF or its related term are showing as below:
TSX:H'
s EV-to-OCF Range Over the Past 10 Years
Min: -21.26 Med: 16.05 Max: 21.26
Current: 19.78
During the past 13 years, the highest EV-to-OCF of Hydro One was 21.26. The lowest was -21.26. And the median was 16.05.
TSX:H's EV-to-OCF is ranked worse than 83.73% of 504
companies
in the Utilities - Regulated industry
Industry Median: 10.175
vs TSX:H: 19.78
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.
Hydro One's share price for today is C$53.25.
Hydro One'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 C$2.360.
* 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.
Hydro One EV-to-OCF Related Terms
Hydro One EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Hydro One'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 - Regulated Electric subindustry, Hydro One'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.
Hydro One EV-to-OCF vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hydro One's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Hydro One's EV-to-OCF falls into.
Hydro One's current Enterprise Value is C$51,526 Mil.
Hydro One'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 C$2,660 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.
Hydro One (TSX:H) has a EV-to-OCF of 19.37 as of Aug. 22, 2026. This is 21% above median its historical median of 16.05. According to the industry distribution chart, Hydro One ranks #422 out of 504 companies in the Utilities - Regulated industry, placing it in the top 83.7%.
Is Hydro One's EV-to-OCF too high?
Hydro One's current EV-to-OCF of 19.37 is 21% above median its 10-year median of 16.05. The Utilities - Regulated industry median EV-to-OCF is 10.18. Hydro One's value of 19.37 is 90.4% above this industry median. Based on the distribution chart, Hydro One ranks #422 out of 504 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Hydro One has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hydro One's EV-to-OCF compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Hydro One ranks #422 out of 504 companies for EV-to-OCF. This places Hydro One in the lower half of its industry. The industry median EV-to-OCF is 10.18. Hydro One's value of 19.37 is 90.4% above this benchmark. While the company's 10-year median is 16.05 vs. the industry median of 10.18, Hydro One 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 - Regulated company?
The median EV-to-OCF among Utilities - Regulated companies is 10.18, based on 504 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. Hydro One's current EV-to-OCF of 19.37 is 90.4% 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 - Regulated industry, the median EV-to-OCF is 10.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hydro One's current EV-to-OCF is 19.37, which is 21% above median its own 10-year median of 16.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydro One stock overvalued right now?
Based on GuruFocus' analysis, Hydro One (TSX:H) is currently considered Fairly Valued. The stock's GF Value™ is C$53.05, compared to a current price of C$53.25 — trading 0.4% above its estimated fair value. The current EV-to-OCF is 19.37, which is 21% above median its 10-year median of 16.05 and 90.4% above the Utilities - Regulated industry median of 10.18. Hydro One's overall GF Score™ is 79/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Hydro One (TSX:H), the current EV-to-OCF is 19.37 as of Aug. 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 Hydro One (TSX:H) Overvalued in 2026?
Based on GuruFocus' analysis, Hydro One stock appears to be overvalued.
The current stock price of C$53.25 is trading 0.4% above its estimated GF Value™ of C$53.05.
GuruFocus considers Hydro One to be Fairly Valued.
Key valuation signals for TSX:H:
EV-to-OCF: 19.37 (21% above median its 10-year median of 16.05)
GF Value™: C$53.05 vs. price of C$53.25 (0.4% above fair value)
Industry Position: 90.4% above the Utilities - Regulated median (#422 of 504)
No single metric tells the full story. See the TSX:H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
79GF Score
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