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Baytex EnergyBTE -0.73%49 EV-to-FCF is 22.48 as of Jul. 16, 2026, which is 86% above its 10-year median of 12.07. GuruFocus rates BTE with a GF Score™ of 49/100 and a GF Value™ of $1.49 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 581 Oil & Gas companies, Baytex Energy ranks worse than 67.64% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Baytex Energy's Enterprise Value is $2,463.9 Mil.
Baytex Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $109.6 Mil. Therefore, Baytex Energy's EV-to-FCF for today is 22.48.
The historical rank and industry rank for Baytex Energy's EV-to-FCF or its related term are showing as below:
BTE'
s EV-to-FCF Range Over the Past 10 Years
Min: -1121.47 Med: 12.07 Max: 1092.72
Current: 22.48
During the past 13 years, the highest EV-to-FCF of Baytex Energy was 1092.72. The lowest was -1121.47. And the median was 12.07.
BTE's EV-to-FCF is ranked worse than 67.64% of 581
companies
in the Oil & Gas industry
Industry Median: 15.61
vs BTE: 22.48
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.
Baytex Energy's PE Ratio (TTM) for today is calculated as:
Baytex Energy's share price for today is $4.10.
Baytex Energy's Earnings per Share (Diluted) 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 $-0.696.
* 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.
Baytex Energy EV-to-FCF Related Terms
Baytex Energy EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Baytex 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 Oil & Gas E&P subindustry, Baytex 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.
Baytex Energy EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Baytex Energy's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Baytex Energy's EV-to-FCF falls into.
Baytex Energy's current Enterprise Value is $2,463.9 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 $109.6 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 (BTE) has a EV-to-FCF of 22.48 as of Jul. 16, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Baytex Energy and its competitors. This is 86% above median its historical median of 12.07. According to the industry distribution chart, Baytex Energy ranks #393 out of 581 companies in the Oil & Gas industry, placing it in the top 67.6%.
Is Baytex Energy's EV-to-FCF too high?
Baytex Energy's current EV-to-FCF of 22.48 is 86% above median its 10-year median of 12.07. The Oil & Gas industry median EV-to-FCF is 15.61. Baytex Energy's value of 22.48 is 44% above this industry median. Based on the distribution chart, Baytex Energy ranks #393 out of 581 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Baytex Energy has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Baytex Energy's EV-to-FCF compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Baytex Energy ranks #393 out of 581 companies for EV-to-FCF. This places Baytex Energy in the lower half of its industry. The industry median EV-to-FCF is 15.61. Baytex Energy's value of 22.48 is 44% above this benchmark. While the company's 10-year median is 12.07 vs. the industry median of 15.61, Baytex 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 Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.61, based on 581 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. Baytex Energy's current EV-to-FCF of 22.48 is 44% 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 Baytex Energy and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baytex Energy's current EV-to-FCF is 22.48, which is 86% above median its own 10-year median of 12.07. 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 (BTE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.49, compared to a current price of $4.10 — trading 175.2% above its estimated fair value. The current EV-to-FCF is 22.48, which is 86% above median its 10-year median of 12.07 and 44% above the Oil & Gas industry median of 15.61. Baytex Energy's overall GF Score™ is 49/100 with 5 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 Baytex Energy (BTE), the current EV-to-FCF is 22.48 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 Baytex Energy (BTE) Overvalued in 2026?
Based on GuruFocus' analysis, Baytex Energy stock appears to be overvalued.
The current stock price of $4.10 is trading 175.2% above its estimated GF Value™ of $1.49.
GuruFocus considers Baytex Energy to be Significantly Overvalued.
Key valuation signals for BTE:
EV-to-FCF: 22.48 (86% above median its 10-year median of 12.07)
GF Value™: $1.49 vs. price of $4.10 (175.2% above fair value)
Industry Position: 44% above the Oil & Gas median (#393 of 581)
No single metric tells the full story. See the 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.
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