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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| GE Vernova | United States of America | Energy Services, Wind, Nuclear, Energy Equipment | $555 | $143B | 3.9x | 45.2x |
| Siemens Energy | Germany | Energy Equipment, Energy Services, Machinery | €114 | $97.9B | 2.1x | 21.3x |
| SLB | United States of America | Energy Equipment, Fossil Fuels | $36 | $63.0B | 1.8x | 7.4x |
| Baker Hughes | United States of America | Energy Equipment, Fossil Fuels | $48 | $50.8B | 1.9x | 10.7x |
| China Energy Engineering | Hong Kong | Energy Services, Energy Equipment, Construction & Engineering | HKD 2 | $42.0B | 0.6x | 8.6x |
| Sandvik | Sweden | Machinery, Industrial Parts, Diversified Industrials, Energy Equipment | SEK 285 | $42.0B | 3.3x | 14.1x |
| China Energy Engineering | China | Energy Equipment | CNY 2 | $41.9B | 0.6x | 8.6x |
| Doosan Enerbility | South Korea | Energy Equipment | KRW 75400 | $36.2B | 3.2x | 37.3x |
| Halliburton | United States of America | Energy Equipment, Fossil Fuels | $27 | $29.1B | 1.3x | 6.9x |
| First Solar | United States of America | Energy Equipment, Solar | $252 | $25.9B | 5.2x | 12.2x |
| Bloom Energy | United States of America | Energy Equipment, Electrical Parts & Equipment | $105 | $25.7B | 14.1x | 115.2x |
| Vestas | Denmark | Energy Equipment, Wind, Machinery | DKK 156 | $23.6B | 1.1x | 10.1x |
| LONGi | China | Energy Equipment, Solar | CNY 21 | $19.8B | 1.9x | 94.6x |
| Tenaris | Italy | Fossil Fuels, Energy Equipment | €17 | $18.5B | 1.5x | 6.4x |
| Sunrun | United States of America | Energy Equipment, Solar | $19 | $18.5B | 7.9x | 4488.5x |
| Jiangsu Hengli Hydraulic | China | Energy Equipment, Machinery | CNY 89 | $15.4B | 10.5x | 32.3x |
| SBM Offshore | Netherlands | Fossil Fuels, Energy Equipment | €25 | $13.0B | 2.5x | 7.7x |
| Goldwind Science | China | Energy Equipment, Wind, Machinery | CNY 14 | $12.5B | 1.2x | 12.0x |
| Chart Industries | United States of America | Energy Equipment, Energy Storage, Machinery | $204 | $12.4B | 2.8x | 11.3x |
| Chuantou Energy | China | Energy Exploration & Generation, Energy Services, Energy Equipment, Utilities | CNY 14 | $12.0B | 49.0x | 14.6x |
| CSI Solar | China | Energy Equipment, Solar | CNY 19 | $10.5B | 1.8x | 12.8x |
| Trina Solar | China | Energy Equipment, Solar | CNY 21 | $10.1B | 1.0x | 16.5x |
| Jinko Solar | China | Energy Equipment, Solar | CNY 6 | $10.1B | 1.0x | 13.4x |
| Suzlon Energy | India | Energy Equipment, Wind, Machinery | INR 57 | $8.7B | 5.1x | 28.3x |
| GE Vernova T&D India | India | Utilities, Energy Equipment, Machinery | INR 2995 | $8.6B | 14.2x | 61.6x |
| Canadian Solar | United States of America | Energy Equipment, Solar | $26 | $7.4B | 1.3x | 12.8x |
| Jereh Group | China | Energy Equipment, Fossil Fuels, Energy Services | CNY 53 | $6.9B | 3.0x | 11.7x |
| NOV Inc. | United States of America | Energy Equipment, Fossil Fuels | $15 | $6.7B | 0.8x | 6.6x |
| Archrock | United States of America | Energy Equipment, Fossil Fuels | $23 | $6.6B | 4.6x | 8.2x |
| Seatrium | Singapore | Fossil Fuels, Energy Equipment | SGD 2 | $6.4B | 0.8x | 9.9x |
| Weatherford | United States of America | Energy Equipment, Fossil Fuels | $71 | $5.9B | 1.2x | 5.5x |
| Nordex | Germany | Energy Equipment, Wind, Machinery | €27 | $5.8B | 0.7x | 9.1x |
| Xinyi Solar | Hong Kong | Energy Equipment, Solar | HKD 4 | $5.7B | 2.2x | 10.5x |
| AIKO Solar | China | Energy Equipment, Solar | CNY 15 | $5.7B | 2.2x | 22.3x |
| USA Compression | United States of America | Energy Equipment, Fossil Fuels | $23 | $5.4B | 5.5x | 8.9x |
| Modec | Japan | Fossil Fuels, Energy Equipment | JPY 14000 | $5.3B | 1.3x | 11.4x |
| Premier Energies | India | Energy Equipment, Solar | INR 996 | $5.0B | 5.8x | 20.2x |
| JinkoSolar | United States of America | Energy Equipment, Solar | $29 | $4.5B | 0.4x | -61.8x |
| Maxwell Technologies | China | Energy Equipment, Semiconductors | CNY 107 | $4.3B | 3.5x | 22.3x |
| Itron | United States of America | Energy Equipment, Sensors & Instruments | $96 | $4.3B | 1.8x | 11.9x |
| Solaria Energia | Spain | Energy Equipment, Solar, Energy Exploration & Generation | €18 | $4.0B | 12.7x | 14.3x |
| Plug Power | United States of America | Energy Equipment, Electrical Parts & Equipment | $2 | $3.8B | 5.5x | -6.4x |
| Sany Heavy Energy | China | Energy Equipment, Wind, Machinery | CNY 27 | $3.6B | 1.0x | 11.5x |
| NuScale Power | United States of America | Energy Equipment, Nuclear, Energy Exploration & Generation, Machinery | $22 | $3.5B | 79.4x | -7.9x |
| Aegis Vopak Terminals | India | Fossil Fuels, Energy Equipment | INR 262 | $3.5B | 39.0x | 51.6x |
| Enphase Energy | United States of America | Energy Equipment, Solar | $28 | $3.3B | 2.3x | 7.5x |
| Inox Wind | India | Energy Equipment, Wind, Machinery | INR 141 | $2.8B | 4.6x | 23.9x |
| TerraVest Industries | Canada | Fossil Fuels, Energy Equipment | CAD 120 | $2.5B | 2.5x | 13.6x |
| Cactus | United States of America | Energy Equipment, Fossil Fuels | $41 | $2.4B | 2.2x | 6.9x |
| LAPLACE | China | Energy Equipment, Semiconductors | CNY 45 | $2.4B | 2.9x | N/A |
| GoodWe Technologies Co | China | Energy Equipment, Electronic Components, Energy Storage | CNY 61 | $2.1B | 1.8x | 31.6x |
| Landis+Gyr | Switzerland | Energy Equipment, Electrical Parts & Equipment | CHF 52 | $2.1B | 1.4x | 12.0x |
| Array Technologies | United States of America | Energy Equipment, Solar | $7 | $2.0B | 1.7x | 10.7x |
| SolarEdge | United States of America | Energy Equipment, Solar | $35 | $2.0B | 1.7x | -7.4x |
| Viridien | France | Energy Equipment, Fossil Fuels | €119 | $2.0B | 1.7x | 4.0x |
| Friedrich Vorwerk Group | Germany | Energy Services, Energy Equipment, Construction & Engineering | €86 | $1.9B | 2.5x | 12.2x |
| BW Offshore | Norway | Fossil Fuels, Energy Equipment | NOK 36 | $1.9B | 3.5x | 7.1x |
| CS Wind | South Korea | Energy Equipment, Wind, Machinery | KRW 41400 | $1.8B | 0.9x | 5.6x |
| National Energy Services | United States of America | Fossil Fuels, Energy Equipment | $14 | $1.7B | 1.3x | 6.2x |
| Hoymiles Power | China | Energy Equipment, Electrical Parts & Equipment | CNY 110 | $1.6B | 4.8x | 116.8x |
| OSX Brasil | Brazil | Energy Equipment | BRL 2 | $1.5B | N/A | N/A |
| Shoals | United States of America | Energy Equipment, Solar | $8 | $1.5B | 3.2x | 14.1x |
| Innovex International | United States of America | Energy Equipment, Fossil Fuels | $22 | $1.4B | 1.6x | 8.4x |
| Nano Nuclear Energy | United States of America | Energy Equipment, Nuclear, Machinery | $32 | $1.4B | 30486.7x | -49.4x |
| Aker Solutions | Norway | Energy Equipment, Fossil Fuels | NOK 30 | $1.4B | 0.2x | 2.8x |
| CIMC Enric | Hong Kong | Fossil Fuels, Energy Equipment | HKD 8 | $1.4B | 0.4x | 4.6x |
| Power Solutions Intl | United States of America | Energy Equipment | $53 | $1.3B | 2.0x | 12.5x |
| Al-Babtain Power | Saudi Arabia | Energy Equipment | SAR 66 | $1.3B | 1.7x | 9.8x |
| American Superconductor | United States of America | Energy Equipment, Machinery | $31 | $1.2B | 4.7x | 61.4x |
| Babcock & Wilcox | United States of America | Energy Equipment | $7 | $1.2B | 1.9x | 22.6x |
| SMA Solar Technology | Germany | Energy Equipment, Solar, Energy Storage | €33 | $1.0B | 0.6x | -17.6x |
| SP New Energy | Philippines | Energy Equipment, Energy Exploration & Generation | PHP 1 | $950M | N/A | N/A |
| Gunkul engineering PCL | Thailand | Energy Equipment | THB 2 | $896M | 3.2x | 8.5x |
| Ecoener | Spain | Energy Equipment, Wind, Solar, Water, Energy Exploration & Generation | €5 | $876M | 7.4x | 13.7x |
| Core Laboratories | United States of America | Energy Equipment, Fossil Fuels | $15 | $855M | 1.7x | 11.8x |
| Ceres Power Holdings | United Kingdom of Great Britain and Northern Ireland | Energy Equipment | £4 | $822M | 18.1x | -20.4x |
| Spruce Power | United States of America | Energy Equipment, Solar | $6 | $746M | 9.1x | 41.6x |
| West Holdings | Japan | Energy Equipment, Solar, Energy Exploration & Generation | JPY 1408 | $745M | 2.3x | 9.8x |
| Hunting | United Kingdom of Great Britain and Northern Ireland | Energy Equipment | £4 | $695M | 0.7x | 5.0x |
| SBO | Austria | Energy Equipment, Fossil Fuels | €28 | $615M | 1.0x | 6.1x |
| Smart Gunes | Turkey | Energy Equipment, Solar | TRY 26 | $591M | N/A | N/A |
| Natural Gas Services Gr | United States of America | Energy Equipment | $30 | $585M | 3.5x | 7.4x |
| 2G Energy | Germany | Machinery, Energy Equipment, Fossil Fuels | €28 | $565M | 1.3x | 13.8x |
| Energy Vault | United States of America | Energy Equipment, Energy Storage | $3 | $563M | 3.2x | -16.1x |
| Girisim Elektrik Sanayi | Turkey | Energy Equipment | TRY 46 | $557M | N/A | N/A |
| Forum Energy Technologies | United States of America | Energy Equipment | $30 | $540M | 0.7x | 6.3x |
| Ashtead Technology Hldgs | United Kingdom of Great Britain and Northern Ireland | Energy Equipment | £3 | $525M | 2.0x | 5.0x |
| Sea1 Offshore | Norway | Fossil Fuels, Energy Equipment | NOK 21 | $519M | 1.9x | 3.5x |
| EVgo | United States of America | Energy Equipment, Energy Services, Electric Vehicles | $3 | $471M | 1.3x | -41.6x |
| thyssenkrupp nucera | Germany | Energy Services, Energy Equipment, Machinery | €8 | $453M | 0.5x | 37.4x |
| Alfa Solar Enerji | Turkey | Energy Equipment, Solar | TRY 45 | $434M | N/A | N/A |
| Oil States International | United States of America | Fossil Fuels, Energy Equipment, Energy Services | $6 | $431M | 0.6x | 5.2x |
| Aeris Industria | Brazil | Energy Equipment | BRL 4 | $372M | N/A | N/A |
| ITM Power | United Kingdom of Great Britain and Northern Ireland | Energy Equipment, Machinery | £1 | $355M | 7.7x | -9.1x |
| KLX Energy Services Hldgs | United States of America | Fossil Fuels, Energy Equipment | $2 | $334M | 0.5x | 4.5x |
| Prosafe | Norway | Fossil Fuels, Energy Equipment | NOK 3 | $323M | 2.1x | 9.2x |
| Reach Subsea | Norway | Fossil Fuels, Energy Equipment | NOK 6 | $313M | 1.2x | 2.7x |
| Akastor | Norway | Fossil Fuels, Energy Equipment | NOK 11 | $286M | 6.4x | 21.3x |
| Wallbox | United States of America | Energy Equipment, Energy Storage, Electric Vehicles | $3 | $271M | 1.6x | -7.2x |
| NEL | Norway | Energy Equipment, Machinery | NOK 2 | $267M | 2.6x | -8.5x |
Valuation multiples as of last 12 months (LTM). Stock prices as of November 19, 2025. Financial data powered by Morningstar and FactSet.
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