PLUG PE Ratio & Valuation,Is PLUG Overvalued

PLUG Relative Valuation

PLUG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, PLUG is overvalued; if below, it's undervalued.

Historical Valuation

Plug Power Inc (PLUG) is now in the Fair zone, suggesting that its current forward PS ratio of 0.00 is considered Fairly compared with the five-year average of -29.42. The fair price of Plug Power Inc (PLUG) is between NaN to NaN according to relative valuation methord.

Relative Value

Fair Zone

NaN-NaN

Current Price：2.22

Fair

-6.16

-14.60

EV/EBITDA

Plug Power Inc. (PLUG) has a current EV/EBITDA of -14.60. The 5-year average EV/EBITDA is 203.92. The thresholds are as follows: Strongly Undervalued below -1954.03, Undervalued between -1954.03 and -875.05, Fairly Valued between 1282.90 and -875.05, Overvalued between 1282.90 and 2361.88, and Strongly Overvalued above 2361.88. The current Forward EV/EBITDA of -14.60 falls within the Historic Trend Line -Fairly Valued range.

-10.41

EV/EBIT

Plug Power Inc. (PLUG) has a current EV/EBIT of -10.41. The 5-year average EV/EBIT is -32.14. The thresholds are as follows: Strongly Undervalued below -127.03, Undervalued between -127.03 and -79.59, Fairly Valued between 15.30 and -79.59, Overvalued between 15.30 and 62.75, and Strongly Overvalued above 62.75. The current Forward EV/EBIT of -10.41 falls within the Historic Trend Line -Fairly Valued range.

3.94

Plug Power Inc. (PLUG) has a current PS of 3.94. The 5-year average PS is 11.57. The thresholds are as follows: Strongly Undervalued below -15.94, Undervalued between -15.94 and -2.18, Fairly Valued between 25.32 and -2.18, Overvalued between 25.32 and 39.07, and Strongly Overvalued above 39.07. The current Forward PS of 3.94 falls within the Historic Trend Line -Fairly Valued range.

-13.40

P/OCF

Plug Power Inc. (PLUG) has a current P/OCF of -13.40. The 5-year average P/OCF is 100.21. The thresholds are as follows: Strongly Undervalued below -3420.13, Undervalued between -3420.13 and -1659.96, Fairly Valued between 1860.38 and -1659.96, Overvalued between 1860.38 and 3620.55, and Strongly Overvalued above 3620.55. The current Forward P/OCF of -13.40 falls within the Historic Trend Line -Fairly Valued range.

-11.67

P/FCF

Plug Power Inc. (PLUG) has a current P/FCF of -11.67. The 5-year average P/FCF is -9.31. The thresholds are as follows: Strongly Undervalued below -27.12, Undervalued between -27.12 and -18.21, Fairly Valued between -0.40 and -18.21, Overvalued between -0.40 and 8.50, and Strongly Overvalued above 8.50. The current Forward P/FCF of -11.67 falls within the Historic Trend Line -Fairly Valued range.

Plug Power Inc (PLUG) has a current Price-to-Book (P/B) ratio of 1.88. Compared to its 3-year average P/B ratio of 1.10 , the current P/B ratio is approximately 70.50% higher. Relative to its 5-year average P/B ratio of 2.70, the current P/B ratio is about -30.43% higher. Plug Power Inc (PLUG) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -56.10%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -35.06% , the current FCF yield is about -100.00% lower.

1.88

P/B

Median3y

1.10

Median5y

2.70

-21.16

FCF Yield

Median3y

-56.10

Median5y

-35.06

Competitors Valuation Multiple

The average P/S ratio for PLUG's competitors is , providing a benchmark for relative valuation. Plug Power Inc Corp (PLUG) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 1.91%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of PLUG increased by 4.23% over the past 1 year. The primary factor behind the change was an decrease in Margin Expansion from -121.55 to -205.31.

The secondary factor is the Revenue Growth, contributed 1.91%to the performance.

Overall, the performance of PLUG in the past 1 year is driven by Margin Expansion. Which is more sustainable.

1.91%

173.73M → 177.06M

Revenue Growth

68.91%

-121.55 → -205.31

Margin Expansion

-66.59%

-3.23 → -1.08

P/E Change

4.23%

2.13 → 2.22

Mkt Cap Growth

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Frequently Asked Questions

Is Plug Power Inc (PLUG) currently overvalued or undervalued?

What is Plug Power Inc (PLUG) fair value?

PLUG's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Plug Power Inc (PLUG) is between NaN to NaN according to relative valuation methord.

How does PLUG's valuation metrics compare to the industry average?

What is the current P/B ratio for Plug Power Inc (PLUG) as of Dec 16 2025?

As of Dec 16 2025, Plug Power Inc (PLUG) has a P/B ratio of 1.88. This indicates that the market values PLUG at 1.88 times its book value.

What is the current FCF Yield for Plug Power Inc (PLUG) as of Dec 16 2025?

As of Dec 16 2025, Plug Power Inc (PLUG) has a FCF Yield of 0.00%. This means that for every dollar of Plug Power Inc’s market capitalization, the company generates 0.00 cents in free cash flow.

What is the current Forward P/E ratio for Plug Power Inc (PLUG) as of Dec 16 2025?

As of Dec 16 2025, Plug Power Inc (PLUG) has a Forward P/E ratio of -6.16. This means the market is willing to pay $-6.16 for every dollar of Plug Power Inc’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Plug Power Inc (PLUG) as of Dec 16 2025?

As of Dec 16 2025, Plug Power Inc (PLUG) has a Forward P/S ratio of 0.00. This means the market is valuing PLUG at $0.00 for every dollar of expected revenue over the next 12 months.

PLUG Valuation