Northland PowerTSX:NPI -0.85%68 Market Cap is C$5,774 Mil as of Jun. 25, 2026. GuruFocus rates TSX:NPI with a GF Score™ of 68/100 and a GF Value™ of C$24.14 (Fairly Valued). The stock has 7 warning signs investors should review. Among 484 Utilities - Independent Power Producers companies, Northland Power ranks better than 85.54% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Northland Power's share price for the quarter that ended in Mar. 2026 was C$23.34. Northland Power's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 262 Mil. Therefore, Northland Power's market cap for the quarter that ended in Mar. 2026 was C$6,103 Mil.
Northland Power's quarterly market cap
declined
from Sep. 2025 (C$6,093 Mil) to Dec. 2025 (C$4,668 Mil) but then
increased
from Dec. 2025 (C$4,668 Mil) to Mar. 2026 (C$6,103 Mil).
Northland Power's annual market cap
declined
from Dec. 2023 (C$6,136 Mil) to Dec. 2024 (C$4,653 Mil) but then
increased
from Dec. 2024 (C$4,653 Mil) to Dec. 2025 (C$4,668 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Northland Power's Enterprise Value for Today is C$12,157 Mil.
Northland Power (TSX:NPI) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Northland Power Market Cap Related Terms
Northland Power Market Cap Historical Data
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The historical data trend for Northland Power's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Market Cap distribution charts can be found below:
* The bar in red indicates where Northland Power's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Northland Power's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Market Cap of C$5,774 Mil as of Jun. 25, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Northland Power and its competitors. According to the industry distribution chart, Northland Power ranks #70 out of 484 companies in the Utilities - Independent Power Producers industry, placing it in the top 14.5%.
Is Northland Power's Market Cap too high?
Northland Power's current Market Cap is C$5,774 Mil. Based on the distribution chart, Northland Power ranks #70 out of 484 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 Market Cap compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Northland Power ranks #70 out of 484 companies for Market Cap. This places Northland Power in the top 15% of its industry — outperforming the majority of peers. The industry median Market Cap is 213.42. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Utilities - Independent Power Producers company?
The median Market Cap among Utilities - Independent Power Producers companies is 213.42, based on 484 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Northland Power and its competitors. For the Utilities - Independent Power Producers industry, the median Market Cap is 213.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northland Power's current Market Cap is C$5,774 Mil. 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$24.14, compared to a current price of C$22.08 — trading 8.5% below its estimated fair value. The current Market Cap is C$5,774 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Northland Power (TSX:NPI), the current Market Cap is C$5,774 Mil 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 Northland Power (TSX:NPI) Overvalued in 2026?
Based on GuruFocus' analysis, Northland Power stock appears to be undervalued.
The current stock price of C$22.08 is trading 8.5% below its estimated GF Value™ of C$24.14.
GuruFocus considers Northland Power to be Fairly Valued.
Key valuation signals for TSX:NPI:
Market Cap: C$5,774 Mil
GF Value™: C$24.14 vs. price of C$22.08 (8.5% below fair value)
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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