Polaris Renewable Energy (TSX:PIF) EV-to-OCF: 10.59 (As of Aug. 12, 2026) — 24% Above 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.

TSX:PIF Polaris Renewable Energy Inc TSX:PIF
82 GF Score
Price C$15.25
GF Value C$12.64
Valuation Modestly Overvalued
! 13 Warning Signs
View Full Analysis

What is Polaris Renewable Energy EV-to-OCF?

Polaris Renewable Energy TSX:PIF +1.80% 82 EV-to-OCF is 10.59 as of Aug. 12, 2026, which is 24% above its 10-year median of 8.51. GuruFocus rates TSX:PIF with a GF Score™ of 82/100 and a GF Value™ of C$12.64 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 448 Utilities - Independent Power Producers companies, Polaris Renewable Energy ranks worse than 52.9% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Polaris Renewable Energy's Enterprise Value is C$494.2 Mil. Polaris Renewable Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was C$46.7 Mil. Therefore, Polaris Renewable Energy's EV-to-OCF for today is 10.59.

The historical rank and industry rank for Polaris Renewable Energy's EV-to-OCF or its related term are showing as below:

TSX:PIF' s EV-to-OCF Range Over the Past 10 Years
Min: 3.86   Med: 8.51   Max: 14.44
Current: 10.47

During the past 13 years, the highest EV-to-OCF of Polaris Renewable Energy was 14.44. The lowest was 3.86. And the median was 8.51.

TSX:PIF's EV-to-OCF is ranked worse than
52.9% of 448 companies
in the Utilities - Independent Power Producers industry
Industry Median: 9.665 vs TSX:PIF: 10.47

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.

As of today (2026-08-12), Polaris Renewable Energy's stock price is C$15.25. Polaris Renewable Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was C$0.261. Therefore, Polaris Renewable Energy's PE Ratio (TTM) for today is 58.43.


Polaris Renewable Energy  (TSX:PIF) EV-to-OCF Explanation

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.

Polaris Renewable Energy's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=15.25/0.261
=58.43

Polaris Renewable Energy's share price for today is C$15.25.
Polaris Renewable Energy'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$0.261.

* 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.


Polaris Renewable Energy EV-to-OCF Related Terms


Polaris Renewable Energy EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Polaris Renewable 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.

Polaris Renewable Energy EV-to-OCF Chart

Polaris Renewable Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.98 11.05 7.81 8.97 8.79

Polaris Renewable Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.99 8.52 8.79 9.79 10.64

Polaris Renewable Energy EV-to-OCF Competitor Comparison

For the Utilities - Renewable subindustry, Polaris Renewable 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.


Polaris Renewable Energy EV-to-OCF vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Polaris Renewable Energy's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Polaris Renewable Energy's EV-to-OCF falls into.


TSX:PIF
82GF Score
Polaris Renewable Energy Inc TSX:PIF
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polaris Renewable Energy EV-to-OCF Calculation

Polaris Renewable Energy's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=494.168/46.669
=10.59

Polaris Renewable Energy's current Enterprise Value is C$494.2 Mil.
Polaris Renewable Energy'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$46.7 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-OCF →
What does a EV-to-OCF of 10.59 mean?
Polaris Renewable Energy (TSX:PIF) has a EV-to-OCF of 10.59 as of Aug. 12, 2026. This is 24% above median its historical median of 8.51. Over the past decade, Polaris Renewable Energy's EV-to-OCF has ranged from 3.86 to 14.44. According to the industry distribution chart, Polaris Renewable Energy ranks #237 out of 448 companies in the Utilities - Independent Power Producers industry, placing it in the top 52.9%.
Is Polaris Renewable Energy's EV-to-OCF too high?
Polaris Renewable Energy's current EV-to-OCF of 10.59 is 24% above median its 10-year median of 8.51. Over the past 10 years, this metric has ranged from a low of 3.86 to a high of 14.44. The Utilities - Independent Power Producers industry median EV-to-OCF is 9.67. Polaris Renewable Energy's value of 10.59 is 9.6% above this industry median. Based on the distribution chart, Polaris Renewable Energy ranks #237 out of 448 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Polaris Renewable Energy has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polaris Renewable Energy's EV-to-OCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Polaris Renewable Energy ranks #237 out of 448 companies for EV-to-OCF. This places Polaris Renewable Energy in the lower half of its industry. The industry median EV-to-OCF is 9.67. Polaris Renewable Energy's value of 10.59 is 9.6% above this benchmark. Historically, Polaris Renewable Energy's own EV-to-OCF has ranged from 3.86 to 14.44 over the past decade. While the company's 10-year median is 8.51 vs. the industry median of 9.67, Polaris Renewable 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 9.67, 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. Polaris Renewable Energy's current EV-to-OCF of 10.59 is 9.6% 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 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris Renewable Energy's current EV-to-OCF is 10.59, which is 24% above median its own 10-year median of 8.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polaris Renewable Energy stock overvalued right now?
Based on GuruFocus' analysis, Polaris Renewable Energy (TSX:PIF) is currently considered Modestly Overvalued. The stock's GF Value™ is C$12.64, compared to a current price of C$15.25 — trading 20.6% above its estimated fair value. The current EV-to-OCF is 10.59, which is 24% above median its 10-year median of 8.51 and 9.6% above the Utilities - Independent Power Producers industry median of 9.67. Polaris Renewable Energy's overall GF Score™ is 82/100 with 13 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 Polaris Renewable Energy (TSX:PIF), the current EV-to-OCF is 10.59 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.

Is Polaris Renewable Energy (TSX:PIF) Overvalued in 2026?

Based on GuruFocus' analysis, Polaris Renewable Energy stock appears to be overvalued. The current stock price of C$15.25 is trading 20.6% above its estimated GF Value™ of C$12.64. GuruFocus considers Polaris Renewable Energy to be Modestly Overvalued.

Key valuation signals for TSX:PIF:

  • EV-to-OCF: 10.59 (24% above median its 10-year median of 8.51)
  • GF Value™: C$12.64 vs. price of C$15.25 (20.6% above fair value)
  • GF Score™: 82/100 with 13 warning signs
  • Industry Position: 9.6% above the Utilities - Independent Power Producers median (#237 of 448)

No single metric tells the full story. See the TSX:PIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Polaris Renewable Energy Business Description

Other Exchanges RAMPF:USAN4T:Germany
Address 7 St. Thomas Street, Suite 606, Toronto, ON, CAN, M5S 2B7
Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development, and operation of renewable energy projects in Latin America and the Caribbean. The company has six reportable operating segments: 1) Nicaragua: It includes acquisition, exploration, development and operation of a geothermal project, 2) Peru: It includes acquisition, development and operation of hydroelectric projects, 3) Panama: It includes acquisition, development and operation of solar projects, 4) Dominican Republic: It includes acquisition, development and operation of solar projects, 5) Puerto Rico: It includes acquisition, development and operation of onshore wind farms, 6) Ecuador: It includes acquisition and operation of hydroelectric projects. The majority of revenue is derived from Nicaragua.
82GF Score

Get the complete analysis for TSX:PIF

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

C$15.25
Price
C$12.64
GF Value