Meridian EnergyMDDNF 70 PS Ratio is 3.27 as of Jun. 30, 2026, which is 1% above its 10-year median of 3.25. GuruFocus rates MDDNF with a GF Score™ of 70/100 and a GF Value™ of $3.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, Meridian Energy ranks worse than 56.83% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Meridian Energy's share price is $3.372.
Meridian Energy's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was $1.03. Hence, Meridian Energy's PS Ratio for today is 3.27.
Good Sign:
Meridian Energy Ltd stock PS Ratio (=3.12) is close to 3-year low of 2.85.
The historical rank and industry rank for Meridian Energy's PS Ratio or its related term are showing as below:
MDDNF'
s PS Ratio Range Over the Past 10 Years
Min: 2.6 Med: 3.25 Max: 6.91
Current: 3.31
During the past 13 years, Meridian Energy's highest PS Ratio was 6.91. The lowest was 2.60. And the median was 3.25.
Meridian Energy Ltd revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Meridian Energy was -9.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 8.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.40% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 6.60% per year.
During the past 13 years, Meridian Energy's highest 3-Year average Revenue per Share Growth Rate was 15.90% per year. The lowest was -18.10% per year. And the median was 1.90% per year.
Back to Basics: PS Ratio
Meridian Energy (OTCPK:MDDNF) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Meridian Energy PS Ratio Related Terms
Meridian Energy PS Ratio Historical Data
* Premium members only.
The historical data trend for Meridian Energy's PS Ratio 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 PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's PS Ratio distribution charts can be found below:
* The bar in red indicates where Meridian Energy's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Meridian Energy's Share Price of today is $3.372.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Meridian Energy's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was $1.03.
* 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.
It can also be calculated from the numbers for the whole company:
Meridian Energy (MDDNF) has a PS Ratio of 3.27 as of Jun. 30, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Meridian Energy and its competitors. This is near median its historical median of 3.25. Over the past decade, Meridian Energy's PS Ratio has ranged from 2.60 to 6.91. According to the industry distribution chart, Meridian Energy ranks #237 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 56.8%.
Is Meridian Energy's PS Ratio too high?
Meridian Energy's current PS Ratio of 3.27 is near median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 2.60 to a high of 6.91. The Utilities - Independent Power Producers industry median PS Ratio is 2.60. Meridian Energy's value of 3.27 is 25.8% above this industry median. Based on the distribution chart, Meridian Energy ranks #237 out of 417 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Meridian Energy has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meridian Energy's PS Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Meridian Energy ranks #237 out of 417 companies for PS Ratio. This places Meridian Energy in the lower half of its industry. The industry median PS Ratio is 2.60. Meridian Energy's value of 3.27 is 25.8% above this benchmark. Historically, Meridian Energy's own PS Ratio has ranged from 2.60 to 6.91 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 2.60, 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 PS Ratio for an Utilities - Independent Power Producers company?
The median PS Ratio among Utilities - Independent Power Producers companies is 2.60, based on 417 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meridian Energy's current PS Ratio of 3.27 is 25.8% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Meridian Energy and its competitors. For the Utilities - Independent Power Producers industry, the median PS Ratio is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Energy's current PS Ratio is 3.27, which is near median its own 10-year median of 3.25. 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 (MDDNF) is currently considered Fairly Valued. The stock's GF Value™ is $3.17, compared to a current price of $3.37 — trading 6.4% above its estimated fair value. The current PS Ratio is 3.27, which is near median its 10-year median of 3.25 and 25.8% above the Utilities - Independent Power Producers industry median of 2.60. Meridian Energy's overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Meridian Energy (MDDNF), the current PS Ratio is 3.27 as of Jun. 30, 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 (MDDNF) Overvalued in 2026?
Based on GuruFocus' analysis, Meridian Energy stock appears to be overvalued.
The current stock price of $3.37 is trading 6.4% above its estimated GF Value™ of $3.17.
GuruFocus considers Meridian Energy to be Fairly Valued.
Key valuation signals for MDDNF:
PS Ratio: 3.27 (near median its 10-year median of 3.25)
GF Value™: $3.17 vs. price of $3.37 (6.4% above fair value)
Industry Position: 25.8% above the Utilities - Independent Power Producers median (#237 of 417)
No single metric tells the full story. See the MDDNF 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.
70GF Score
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