Energoprojekt Holding a.d (XBEL:ENHL) Enterprise Value: RSD1,825 Mil (As of Jul. 16, 2026) ***

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XBEL:ENHL Energoprojekt Holding a.d XBEL:ENHL
48 GF Score
Price RSD499.00
GF Value RSD303.90
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Energoprojekt Holding a.d Enterprise Value?

Energoprojekt Holding a.d XBEL:ENHL 48 Enterprise Value is RSD1,825 Mil as of Jul. 16, 2026. GuruFocus rates XBEL:ENHL with a GF Score™ of 48/100 and a GF Value™ of RSD303.90 (Significantly Overvalued). The stock has 4 warning signs investors should review.

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, Energoprojekt Holding a.d's Enterprise Value is RSD1,825 Mil. Energoprojekt Holding a.d's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was RSD1,854 Mil. Therefore, Energoprojekt Holding a.d's EV-to-EBIT ratio for today is 0.98.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Energoprojekt Holding a.d's Enterprise Value is RSD1,825 Mil. Energoprojekt Holding a.d's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was RSD3,005 Mil. Therefore, Energoprojekt Holding a.d's EV-to-EBITDA ratio for today is 0.61.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Energoprojekt Holding a.d's Enterprise Value is RSD1,825 Mil. Energoprojekt Holding a.d's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was RSD9,770 Mil. Therefore, Energoprojekt Holding a.d's EV-to-Revenue ratio for today is 0.19.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Energoprojekt Holding a.d's Enterprise Value is RSD1,825 Mil. Energoprojekt Holding a.d's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was RSD1,379 Mil. Therefore, Energoprojekt Holding a.d's EV-to-OCF ratio for today is 1.32.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Energoprojekt Holding a.d's Enterprise Value is RSD1,825 Mil. Energoprojekt Holding a.d's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was RSD1,297 Mil. Therefore, Energoprojekt Holding a.d's EV-to-FCF ratio for today is 1.41.

*** 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.


Energoprojekt Holding a.d  (XBEL:ENHL) 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.

Energoprojekt Holding a.d's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1824.684/1854.19
=0.98

Energoprojekt Holding a.d's current Enterprise Value is RSD1,825 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Energoprojekt Holding a.d's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was RSD1,854 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Energoprojekt Holding a.d's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=1824.684/3005.185
=0.61

Energoprojekt Holding a.d's current Enterprise Value is RSD1,825 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Energoprojekt Holding a.d's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was RSD3,005 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Energoprojekt Holding a.d's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=1824.684/9770.246
=0.19

Energoprojekt Holding a.d's current Enterprise Value is RSD1,825 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Energoprojekt Holding a.d's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was RSD9,770 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Energoprojekt Holding a.d's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=1824.684/1378.843
=1.32

Energoprojekt Holding a.d's current Enterprise Value is RSD1,825 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Energoprojekt Holding a.d's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was RSD1,379 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Energoprojekt Holding a.d's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1824.684/1297.303
=1.41

Energoprojekt Holding a.d's current Enterprise Value is RSD1,825 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Energoprojekt Holding a.d's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was RSD1,297 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.


Energoprojekt Holding a.d Enterprise Value Related Terms


Energoprojekt Holding a.d Enterprise Value Historical Data

* Premium members only.

The historical data trend for Energoprojekt Holding a.d'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.

Energoprojekt Holding a.d Enterprise Value Chart

Energoprojekt Holding a.d Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,288.14 2,713.14 2,562.39 -1,124.84 1,835.72

Energoprojekt Holding a.d Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Enterprise Value 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 2,562.39 2,245.34 -1,124.84 -522.81 1,835.72

XBEL:ENHL vs PWR, FIX, EME: Enterprise Value Comparison

For the Engineering & Construction subindustry, Energoprojekt Holding a.d'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.


Energoprojekt Holding a.d Enterprise Value vs Construction Industry

For the Construction industry and Industrials sector, Energoprojekt Holding a.d's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Energoprojekt Holding a.d's Enterprise Value falls into.


XBEL:ENHL
48GF Score
Energoprojekt Holding a.d XBEL:ENHL
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Energoprojekt Holding a.d Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Energoprojekt Holding a.d's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Energoprojekt Holding a.d's Enterprise Value for the quarter 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of RSD1,825 Mil mean?
Energoprojekt Holding a.d (XBEL:ENHL) has a Enterprise Value of RSD1,825 Mil as of Jul. 16, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Energoprojekt Holding a.d and its competitors.
Is Energoprojekt Holding a.d's Enterprise Value too high?
Energoprojekt Holding a.d's current Enterprise Value is RSD1,825 Mil. Overall, Energoprojekt Holding a.d has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Energoprojekt Holding a.d's Enterprise Value compare to PWR and FIX?
Energoprojekt Holding a.d's Enterprise Value of RSD1,825 Mil can be compared against companies in the Construction 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 a Construction company?
A good Enterprise Value depends on the Construction 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 Energoprojekt Holding a.d and its competitors. Energoprojekt Holding a.d's current Enterprise Value is RSD1,825 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energoprojekt Holding a.d stock overvalued right now?
Based on GuruFocus' analysis, Energoprojekt Holding a.d (XBEL:ENHL) is currently considered Significantly Overvalued. The stock's GF Value™ is RSD303.90, compared to a current price of RSD499.00 — trading 64.2% above its estimated fair value. The current Enterprise Value is RSD1,825 Mil. Energoprojekt Holding a.d's overall GF Score™ is 48/100 with 4 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 Energoprojekt Holding a.d (XBEL:ENHL), the current Enterprise Value is RSD1,825 Mil as of Jul. 16, 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 Energoprojekt Holding a.d (XBEL:ENHL) Overvalued in 2026?

Based on GuruFocus' analysis, Energoprojekt Holding a.d stock appears to be overvalued. The current stock price of RSD499.00 is trading 64.2% above its estimated GF Value™ of RSD303.90. GuruFocus considers Energoprojekt Holding a.d to be Significantly Overvalued.

Key valuation signals for XBEL:ENHL:

  • Enterprise Value: RSD1,825 Mil
  • GF Value™: RSD303.90 vs. price of RSD499.00 (64.2% above fair value)
  • GF Score™: 48/100 with 4 warning signs

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


Energoprojekt Holding a.d Business Description

Address 12 Bulevar Mihajla Pupina Street, Belgrade, SRB, 11070
Energoprojekt Holding a.d is engaged in the design, engineering, and construction; activities. The company is involved in the segments such as Planning and Research; Construction and Fitting and Others. The firm generates the majority of its revenue from the Construction and Fitting segment. The company's geographical segments are Serbia, CIS, Europe, America, Asia, and Africa. The company derives the majority of its revenue from Serbia itself.
48GF Score

Get the complete analysis for XBEL:ENHL

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

RSD499.00
Price
RSD303.90
GF Value