Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, CEZ AS's Enterprise Value is €36,104 Mil.
CEZ AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €3,095 Mil. Therefore, CEZ AS's EV-to-EBIT ratio for today is 11.66.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, CEZ AS's Enterprise Value is €36,104 Mil.
CEZ AS's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €5,514 Mil. Therefore, CEZ AS's EV-to-EBITDA ratio for today is 6.55.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, CEZ AS's Enterprise Value is €36,104 Mil.
CEZ AS's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €13,158 Mil. Therefore, CEZ AS's EV-to-Revenue ratio for today is 2.74.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, CEZ AS's Enterprise Value is €36,104 Mil.
CEZ AS's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €3,247 Mil. Therefore, CEZ AS's EV-to-FCF ratio for today is 11.12.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
CEZ AS (FRA:CEZ) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
CEZ AS's current Enterprise Value is €36,104 Mil.
CEZ AS's EBIT 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 €3,095 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
CEZ AS's current Enterprise Value is €36,104 Mil.
CEZ AS'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 €5,514 Mil.
CEZ AS's current Enterprise Value is €36,104 Mil.
CEZ AS's Revenue 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 €13,158 Mil.
CEZ AS's current Enterprise Value is €36,104 Mil.
CEZ AS's Cash Flow from Operations 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 €3,247 Mil.
CEZ AS's current Enterprise Value is €36,104 Mil.
CEZ AS's Free Cash Flow 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 €3,247 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.
CEZ AS Enterprise Value Related Terms
CEZ AS Enterprise Value Historical Data
* Premium members only.
The historical data trend for CEZ AS's Enterprise Value 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.
FRA:CEZ vs NEE, SO, DUK: Enterprise Value Comparison
For the Utilities - Regulated Electric subindustry, CEZ AS's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
CEZ AS Enterprise Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CEZ AS's Enterprise Value distribution charts can be found below:
* The bar in red indicates where CEZ AS's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
CEZ AS's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
CEZ AS (FRA:CEZ) has a Enterprise Value of €36,104 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on CEZ AS and its competitors.
Is CEZ AS's Enterprise Value too high?
CEZ AS's current Enterprise Value is €36,104 Mil. Overall, CEZ AS has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CEZ AS's Enterprise Value compare to NEE and SO?
CEZ AS's Enterprise Value of €36,104 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Utilities - Regulated company?
A good Enterprise Value depends on the Utilities - Regulated industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on CEZ AS and its competitors. CEZ AS's current Enterprise Value is €36,104 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEZ AS stock overvalued right now?
Based on GuruFocus' analysis, CEZ AS (FRA:CEZ) is currently considered Fairly Valued. The stock's GF Value™ is €44.94, compared to a current price of €49.60 — trading 10.4% above its estimated fair value. The current Enterprise Value is €36,104 Mil. CEZ AS'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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For CEZ AS (FRA:CEZ), the current Enterprise Value is €36,104 Mil as of Jun. 29, 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 CEZ AS (FRA:CEZ) Overvalued in 2026?
Based on GuruFocus' analysis, CEZ AS stock appears to be overvalued.
The current stock price of €49.60 is trading 10.4% above its estimated GF Value™ of €44.94.
GuruFocus considers CEZ AS to be Fairly Valued.
Key valuation signals for FRA:CEZ:
Enterprise Value: €36,104 Mil
GF Value™: €44.94 vs. price of €49.60 (10.4% above fair value)
No single metric tells the full story. See the FRA:CEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat, coal mining, trading in commodities and provision of complex energy services, distribution, trade, and sale of natural gas, and the provision of telecommunications services. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The group operates mainly in Czechia and in Central and Western European markets.
79GF Score
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