Meridian EnergyASX:MEZ +1.91%68 EV-to-FCF is 44.61 as of Jun. 25, 2026, which is 11% above its 10-year median of 40.30. GuruFocus rates ASX:MEZ with a GF Score™ of 68/100 and a GF Value™ of A$4.32 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 232 Utilities - Independent Power Producers companies, Meridian Energy ranks worse than 78.45% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Meridian Energy's Enterprise Value is A$13,974 Mil.
Meridian Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$313 Mil. Therefore, Meridian Energy's EV-to-FCF for today is 44.61.
The historical rank and industry rank for Meridian Energy's EV-to-FCF or its related term are showing as below:
ASX:MEZ'
s EV-to-FCF Range Over the Past 10 Years
Min: 18.97 Med: 40.3 Max: 127.98
Current: 50.85
During the past 13 years, the highest EV-to-FCF of Meridian Energy was 127.98. The lowest was 18.97. And the median was 40.30.
EV-to-FCF 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.
EV-to-FCF 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.
Meridian Energy's PE Ratio (TTM) for today is calculated as:
Meridian Energy's share price for today is A$4.79.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Meridian Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.043.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Meridian Energy EV-to-FCF Related Terms
Meridian Energy EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Meridian Energy's EV-to-FCF 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 - Renewable subindustry, Meridian Energy's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Meridian Energy EV-to-FCF vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Meridian Energy's EV-to-FCF falls into.
Meridian Energy's current Enterprise Value is A$13,974 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Meridian Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$313 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.
Meridian Energy (ASX:MEZ) has a EV-to-FCF of 44.61 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Meridian Energy and its competitors. This is 11% above median its historical median of 40.30. Over the past decade, Meridian Energy's EV-to-FCF has ranged from 18.97 to 127.98. According to the industry distribution chart, Meridian Energy ranks #182 out of 232 companies in the Utilities - Independent Power Producers industry, placing it in the top 78.4%.
Is Meridian Energy's EV-to-FCF too high?
Meridian Energy's current EV-to-FCF of 44.61 is 11% above median its 10-year median of 40.30. Over the past 10 years, this metric has ranged from a low of 18.97 to a high of 127.98. The Utilities - Independent Power Producers industry median EV-to-FCF is 16.19. Meridian Energy's value of 44.61 is 175.6% above this industry median. Based on the distribution chart, Meridian Energy ranks #182 out of 232 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Meridian Energy has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meridian Energy's EV-to-FCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Meridian Energy ranks #182 out of 232 companies for EV-to-FCF. This places Meridian Energy in the lower half of its industry. The industry median EV-to-FCF is 16.19. Meridian Energy's value of 44.61 is 175.6% above this benchmark. Historically, Meridian Energy's own EV-to-FCF has ranged from 18.97 to 127.98 over the past decade. While the company's 10-year median is 40.30 vs. the industry median of 16.19, Meridian 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-FCF for an Utilities - Independent Power Producers company?
The median EV-to-FCF among Utilities - Independent Power Producers companies is 16.19, based on 232 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meridian Energy's current EV-to-FCF of 44.61 is 175.6% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Meridian Energy and its competitors. For the Utilities - Independent Power Producers industry, the median EV-to-FCF is 16.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Energy's current EV-to-FCF is 44.61, which is 11% above median its own 10-year median of 40.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian Energy stock overvalued right now?
Based on GuruFocus' analysis, Meridian Energy (ASX:MEZ) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.32, compared to a current price of A$4.79 — trading 10.9% above its estimated fair value. The current EV-to-FCF is 44.61, which is 11% above median its 10-year median of 40.30 and 175.6% above the Utilities - Independent Power Producers industry median of 16.19. Meridian Energy's overall GF Score™ is 68/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Meridian Energy (ASX:MEZ), the current EV-to-FCF is 44.61 as of Jun. 25, 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 Meridian Energy (ASX:MEZ) Overvalued in 2026?
Based on GuruFocus' analysis, Meridian Energy stock appears to be overvalued.
The current stock price of A$4.79 is trading 10.9% above its estimated GF Value™ of A$4.32.
GuruFocus considers Meridian Energy to be Modestly Overvalued.
Key valuation signals for ASX:MEZ:
EV-to-FCF: 44.61 (11% above median its 10-year median of 40.30)
GF Value™: A$4.32 vs. price of A$4.79 (10.9% above fair value)
Industry Position: 175.6% above the Utilities - Independent Power Producers median (#182 of 232)
No single metric tells the full story. See the ASX:MEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.
68GF Score
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