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, Baytex Energy's Enterprise Value is C$3,336 Mil.
Baytex Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was C$-229 Mil. Therefore, Baytex Energy's EV-to-EBIT ratio for today is -14.56.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Baytex Energy's Enterprise Value is C$3,336 Mil.
Baytex Energy's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was C$839 Mil. Therefore, Baytex Energy's EV-to-EBITDA ratio for today is 3.97.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Baytex Energy's Enterprise Value is C$3,336 Mil.
Baytex Energy's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was C$1,138 Mil. Therefore, Baytex Energy's EV-to-Revenue ratio for today is 2.93.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Baytex Energy's Enterprise Value is C$3,336 Mil.
Baytex Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$152 Mil. Therefore, Baytex Energy's EV-to-FCF ratio for today is 21.97.
*** 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.
Baytex Energy (TSX:BTE) 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.
Baytex Energy's current Enterprise Value is C$3,336 Mil.
Baytex Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-229 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Baytex Energy's current Enterprise Value is C$3,336 Mil.
Baytex Energy'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 C$839 Mil.
Baytex Energy's current Enterprise Value is C$3,336 Mil.
Baytex Energy'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 C$1,138 Mil.
Baytex Energy's current Enterprise Value is C$3,336 Mil.
Baytex Energy'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 C$1,177 Mil.
Baytex Energy's current Enterprise Value is C$3,336 Mil.
Baytex Energy'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 C$152 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.
Baytex Energy Enterprise Value Related Terms
Baytex Energy Enterprise Value Historical Data
* Premium members only.
The historical data trend for Baytex Energy'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.
TSX:BTE vs COP, EOG, FANG: Enterprise Value Comparison
For the Oil & Gas E&P subindustry, Baytex Energy'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.
Baytex Energy Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Baytex Energy's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Baytex Energy'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.
Baytex Energy'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.
Baytex Energy (TSX:BTE) has a Enterprise Value of C$3,336 Mil as of Jul. 04, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Baytex Energy and its competitors.
Is Baytex Energy's Enterprise Value too high?
Baytex Energy's current Enterprise Value is C$3,336 Mil. Overall, Baytex Energy has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Baytex Energy's Enterprise Value compare to COP and EOG?
Baytex Energy's Enterprise Value of C$3,336 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas 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 Baytex Energy and its competitors. Baytex Energy's current Enterprise Value is C$3,336 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baytex Energy stock overvalued right now?
Based on GuruFocus' analysis, Baytex Energy (TSX:BTE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.04, compared to a current price of C$5.54 — trading 171.6% above its estimated fair value. The current Enterprise Value is C$3,336 Mil. Baytex Energy's overall GF Score™ is 52/100 with 5 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 Baytex Energy (TSX:BTE), the current Enterprise Value is C$3,336 Mil as of Jul. 04, 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 Baytex Energy (TSX:BTE) Overvalued in 2026?
Based on GuruFocus' analysis, Baytex Energy stock appears to be overvalued.
The current stock price of C$5.54 is trading 171.6% above its estimated GF Value™ of C$2.04.
GuruFocus considers Baytex Energy to be Significantly Overvalued.
Key valuation signals for TSX:BTE:
Enterprise Value: C$3,336 Mil
GF Value™: C$2.04 vs. price of C$5.54 (171.6% above fair value)
No single metric tells the full story. See the TSX:BTE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
52GF Score
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