Hydro OneTSX:H +1.16%79 EPS without NRI is C$2.49 as of Mar. 2026. GuruFocus rates TSX:H with a GF Score™ of 79/100 and a GF Value™ of C$50.89 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 416 Utilities - Regulated companies, Hydro One ranks better than 55.53% on this metric.
Hydro One's earnings per share without non-recurring items for the
three
months ended in Mar. 2026 was C$0.69.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was C$2.49.
During the past 12 months, Hydro One's average earnings per share (NRI) Growth Rate was 10.70% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 7.40% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 9.70% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 8.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Hydro One's EPS without NRI or its related term are showing as below:
TSX:H'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -94.7 Med: 7.75 Max: 1965.2
Current: 7.4
During the past 13 years, Hydro One's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 1965.20% per year. The lowest was -94.70% per year. And the median was 7.75% per year.
TSX:H's 3-Year EPS without NRI Growth Rate is ranked better than 55.53% of 416
companies
in the Utilities - Regulated industry
Industry Median: 5.45
vs TSX:H: 7.40
Hydro One's EPS (Diluted) for the
three
months ended in Mar. 2026 was C$0.65.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was C$2.28.
Hydro One's EPS (Basic) for the
three
months ended in Mar. 2026 was C$0.65.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was C$2.28.
Hydro One (TSX:H) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Hydro One EPS without NRI Related Terms
Hydro One EPS without NRI Historical Data
* Premium members only.
The historical data trend for Hydro One's EPS without NRI 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 PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hydro One's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Hydro One's PE Ratio without NRI falls into.
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI 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$2.49
* 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 EPS without NRI of C$2.49 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Hydro One and its competitors. According to the industry distribution chart, Hydro One ranks #185 out of 416 companies in the Utilities - Regulated industry, placing it in the top 44.5%.
Is Hydro One's EPS without NRI too high?
Hydro One's current EPS without NRI is C$2.49. Based on the distribution chart, Hydro One ranks #185 out of 416 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Hydro One has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hydro One's EPS without NRI compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Hydro One ranks #185 out of 416 companies for EPS without NRI. This puts Hydro One in the upper half of its industry. The industry median EPS without NRI is 5.45. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for an Utilities - Regulated company?
The median EPS without NRI among Utilities - Regulated companies is 5.45, based on 416 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Hydro One and its competitors. For the Utilities - Regulated industry, the median EPS without NRI is 5.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hydro One's current EPS without NRI is C$2.49. 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 Modestly Overvalued. The stock's GF Value™ is C$50.89, compared to a current price of C$59.06 — trading 16.1% above its estimated fair value. The current EPS without NRI is C$2.49. Hydro One's overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Hydro One (TSX:H), the current EPS without NRI is C$2.49 as of Mar. 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$59.06 is trading 16.1% above its estimated GF Value™ of C$50.89.
GuruFocus considers Hydro One to be Modestly Overvalued.
Key valuation signals for TSX:H:
EPS without NRI: C$2.49
GF Value™: C$50.89 vs. price of C$59.06 (16.1% above fair value)
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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EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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