Electric forklifts are increasingly adopted in industrial environments due to their energy efficiency, reduced emissions, and lower operating noise compared to combustion alternatives. This paper presents a novel methodology for estimating the transported load weight in electric forklifts based on the output power signal of the DC–DC converter driving the electro-hydraulic lifting system. The proposed method leverages non-intrusive measurements of voltage and current to compute the lifting power, lifting speed, and energy, also allowing the computation of the lifting efficiency. The analysis confirmed that lifting energy is not linearly correlated with transported weight but lifting efficiency can be reasonably approximated as a function of lifting power and lifting speed, subsequently allowing the estimation of the transported mass. Experimental validation using 53 lifting events demonstrated that the methodology can estimate load weight with a reasonable mean absolute percentage error of 10.6% and 6.4% when using linear or multivariable regression analysis, respectively. These results demonstrate that the approach is sufficiently accurate for practical applications such as triggering load warnings when the estimated mass exceeds predefined safety thresholds.