Northland PowerTSX:NPI -0.27%68 EV-to-FCF is 8.59 as of Jun. 27, 2026, which is 51% below its 10-year median of 17.65. GuruFocus rates TSX:NPI with a GF Score™ of 68/100 and a GF Value™ of C$24.17 (Fairly Valued). The stock has 7 warning signs investors should review. Among 232 Utilities - Independent Power Producers companies, Northland Power ranks better than 77.59% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Northland Power's Enterprise Value is C$12,149 Mil.
Northland Power's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was C$1,415 Mil. Therefore, Northland Power's EV-to-FCF for today is 8.59.
The historical rank and industry rank for Northland Power's EV-to-FCF or its related term are showing as below:
TSX:NPI'
s EV-to-FCF Range Over the Past 10 Years
Min: -26.05 Med: 17.65 Max: 358.64
Current: 8.59
During the past 13 years, the highest EV-to-FCF of Northland Power was 358.64. The lowest was -26.05. And the median was 17.65.
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.
Northland Power's PE Ratio (TTM) for today is calculated as:
Northland Power's share price for today is C$22.05.
Northland Power's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-0.570.
* 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.
Northland Power EV-to-FCF Related Terms
Northland Power EV-to-FCF Historical Data
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The historical data trend for Northland Power'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, Northland Power'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.
Northland Power EV-to-FCF vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Northland Power's EV-to-FCF falls into.
Northland Power's current Enterprise Value is C$12,149 Mil.
Northland Power'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 C$1,415 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.
Northland Power (TSX:NPI) has a EV-to-FCF of 8.59 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Northland Power and its competitors. This is 51% below median its historical median of 17.65. According to the industry distribution chart, Northland Power ranks #52 out of 232 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.4%.
Is Northland Power's EV-to-FCF too high?
Northland Power's current EV-to-FCF of 8.59 is 51% below median its 10-year median of 17.65. The Utilities - Independent Power Producers industry median EV-to-FCF is 16.19. Northland Power's value of 8.59 is 46.9% below this industry median. Based on the distribution chart, Northland Power ranks #52 out of 232 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Northland Power has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northland Power's EV-to-FCF compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Northland Power ranks #52 out of 232 companies for EV-to-FCF. This places Northland Power in the top 22% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 16.19. Northland Power's value of 8.59 is 46.9% below this benchmark. While the company's 10-year median is 17.65 vs. the industry median of 16.19, Northland Power has consistently been below 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. Northland Power's current EV-to-FCF of 8.59 is 46.9% below 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 Northland Power 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. Northland Power's current EV-to-FCF is 8.59, which is 51% below median its own 10-year median of 17.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northland Power stock overvalued right now?
Based on GuruFocus' analysis, Northland Power (TSX:NPI) is currently considered Fairly Valued. The stock's GF Value™ is C$24.17, compared to a current price of C$22.05 — trading 8.8% below its estimated fair value. The current EV-to-FCF is 8.59, which is 51% below median its 10-year median of 17.65 and 46.9% below the Utilities - Independent Power Producers industry median of 16.19. Northland Power's overall GF Score™ is 68/100 with 7 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 Northland Power (TSX:NPI), the current EV-to-FCF is 8.59 as of Jun. 27, 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 Northland Power (TSX:NPI) Overvalued in 2026?
Based on GuruFocus' analysis, Northland Power stock appears to be undervalued.
The current stock price of C$22.05 is trading 8.8% below its estimated GF Value™ of C$24.17.
GuruFocus considers Northland Power to be Fairly Valued.
Key valuation signals for TSX:NPI:
EV-to-FCF: 8.59 (51% below median its 10-year median of 17.65)
GF Value™: C$24.17 vs. price of C$22.05 (8.8% below fair value)
Industry Position: 46.9% below the Utilities - Independent Power Producers median (#52 of 232)
No single metric tells the full story. See the TSX:NPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northland Power develops, constructs, and operates sustainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
68GF Score
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