Plug Power Inc
NASDAQ:PLUG
EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its Industry Average (17.3), the stock would be worth $-6.97 (401% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -5.7 | $2.32 |
0%
|
| Industry Average | 17.3 | $-6.97 |
-401%
|
| Country Average | 14.4 | $-5.8 |
-350%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
$3.3B
|
/ |
Jan 2026
$-611.5m
|
= |
|
|
$3.3B
|
/ |
Dec 2026
$-211.3m
|
= |
|
|
$3.3B
|
/ |
Dec 2027
$-113.8m
|
= |
|
|
$3.3B
|
/ |
Dec 2028
$177m
|
= |
|
Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
Plug Power Inc
NASDAQ:PLUG
|
3.2B USD | -5.7 | -2 | |
| CN |
|
Contemporary Amperex Technology Co Ltd
SZSE:300750
|
1.9T CNY | 21.2 | 25.7 | |
| FR |
|
Schneider Electric SE
PAR:SU
|
142.9B EUR | 17.9 | 34.3 | |
| CH |
|
Abb Ltd
SIX:ABBN
|
122.9B CHF | 23.8 | 33.4 | |
| IE |
|
Eaton Corporation PLC
NYSE:ETN
|
139.9B USD | 23.9 | 34.2 | |
| US |
|
Vertiv Holdings Co
NYSE:VRT
|
101.3B USD | 46.4 | 76 | |
| US |
|
Emerson Electric Co
NYSE:EMR
|
73B USD | 15.2 | 31.6 | |
| KR |
|
LG Energy Solution Ltd
KRX:373220
|
87.9T KRW | 21.4 | -100.7 | |
| CN |
|
Sungrow Power Supply Co Ltd
SZSE:300274
|
345.4B CNY | 18.2 | 22.5 | |
| US |
|
AMETEK Inc
NYSE:AME
|
48.7B USD | 20.9 | 32.9 | |
| JP |
|
Fujikura Ltd
TSE:5803
|
7.1T JPY | 34.3 | 49.3 |
Market Distribution
| Min | 0 |
| 30th Percentile | 10 |
| Median | 14.4 |
| 70th Percentile | 21.5 |
| Max | 1 767 274.1 |
Other Multiples
Plug Power Inc
Glance View
In the heart of the green energy revolution, Plug Power Inc. has carved out a niche as a pioneer and leader in hydrogen fuel cell technology. Founded in 1997, the company initially faced skepticism about hydrogen’s viability but persisted in developing robust solutions that harness the power of this abundantly available element. Plug Power's primary focus is on producing fuel cells that replace conventional batteries in equipment and vehicles powered by electricity. These fuel cells use hydrogen in an electrochemical process to create energy, where hydrogen combines with oxygen to produce electricity, with water as the only byproduct. This innovation is a game-changer in the push towards sustainable industrial applications, offering a cleaner alternative to fossil fuels without sacrificing performance. The company monetizes its expertise by selling a comprehensive array of products, notably its GenDrive hydrogen fuel cell system, which powers equipment like forklifts and airport tugs used by major retailers such as Amazon and Walmart. Beyond product sales, Plug Power has developed a business model that includes generating revenue from hydrogen production and supply, infrastructure deployment, and fuel services. By creating an end-to-end ecosystem for hydrogen deployment, the company ensures a steady income stream through long-term supply and service agreements. This holistic approach not only solidifies its revenue base but positions Plug Power as a critical player in the wider transition toward hydrogen as a mainstream energy source, contributing to its narrative as a transformative force in the ongoing evolution of energy consumption and production.
