Fortum OyjMIL:1FORT 37 EV-to-FCF is 83.16 as of Jul. 03, 2026, which is 262% above its 10-year median of 23.00. GuruFocus rates MIL:1FORT with a GF Score™ of 37/100 and a GF Value™ of €12.49 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 236 Utilities - Independent Power Producers companies, Fortum Oyj ranks worse than 83.9% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Fortum Oyj's Enterprise Value is €20,042 Mil.
Fortum Oyj's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €241 Mil. Therefore, Fortum Oyj's EV-to-FCF for today is 83.16.
The historical rank and industry rank for Fortum Oyj's EV-to-FCF or its related term are showing as below:
MIL:1FORT'
s EV-to-FCF Range Over the Past 10 Years
Min: -93.61 Med: 23 Max: 617.03
Current: 79.29
During the past 13 years, the highest EV-to-FCF of Fortum Oyj was 617.03. The lowest was -93.61. And the median was 23.00.
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.
Fortum Oyj's share price for today is €19.80.
Fortum Oyj'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 €0.920.
* 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.
Fortum Oyj EV-to-FCF Related Terms
Fortum Oyj EV-to-FCF Historical Data
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The historical data trend for Fortum Oyj'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, Fortum Oyj'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.
Fortum Oyj EV-to-FCF vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Fortum Oyj's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Fortum Oyj's EV-to-FCF falls into.
Fortum Oyj's current Enterprise Value is €20,042 Mil.
Fortum Oyj'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 €241 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.
Fortum Oyj (MIL:1FORT) has a EV-to-FCF of 83.16 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Fortum Oyj and its competitors. This is 262% above median its historical median of 23.00. According to the industry distribution chart, Fortum Oyj ranks #198 out of 236 companies in the Utilities - Independent Power Producers industry, placing it in the top 83.9%.
Is Fortum Oyj's EV-to-FCF too high?
Fortum Oyj's current EV-to-FCF of 83.16 is 262% above median its 10-year median of 23.00. The Utilities - Independent Power Producers industry median EV-to-FCF is 15.90. Fortum Oyj's value of 83.16 is 423.2% above this industry median. Based on the distribution chart, Fortum Oyj ranks #198 out of 236 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Fortum Oyj has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortum Oyj's EV-to-FCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Fortum Oyj ranks #198 out of 236 companies for EV-to-FCF. This places Fortum Oyj in the lower half of its industry. The industry median EV-to-FCF is 15.90. Fortum Oyj's value of 83.16 is 423.2% above this benchmark. While the company's 10-year median is 23.00 vs. the industry median of 15.90, Fortum Oyj 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 15.90, based on 236 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. Fortum Oyj's current EV-to-FCF of 83.16 is 423.2% 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 Fortum Oyj and its competitors. For the Utilities - Independent Power Producers industry, the median EV-to-FCF is 15.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortum Oyj's current EV-to-FCF is 83.16, which is 262% above median its own 10-year median of 23.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortum Oyj stock overvalued right now?
Based on GuruFocus' analysis, Fortum Oyj (MIL:1FORT) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.49, compared to a current price of €19.80 — trading 58.5% above its estimated fair value. The current EV-to-FCF is 83.16, which is 262% above median its 10-year median of 23.00 and 423.2% above the Utilities - Independent Power Producers industry median of 15.90. Fortum Oyj's overall GF Score™ is 37/100 with 4 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 Fortum Oyj (MIL:1FORT), the current EV-to-FCF is 83.16 as of Jul. 03, 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 Fortum Oyj (MIL:1FORT) Overvalued in 2026?
Based on GuruFocus' analysis, Fortum Oyj stock appears to be overvalued.
The current stock price of €19.80 is trading 58.5% above its estimated GF Value™ of €12.49.
GuruFocus considers Fortum Oyj to be Significantly Overvalued.
Key valuation signals for MIL:1FORT:
EV-to-FCF: 83.16 (262% above median its 10-year median of 23.00)
GF Value™: €12.49 vs. price of €19.80 (58.5% above fair value)
Industry Position: 423.2% above the Utilities - Independent Power Producers median (#198 of 236)
No single metric tells the full story. See the MIL:1FORT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortum Oyj is a Finnish energy company that operates power plants that use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, Consumer Solutions, and Other Operations.
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