Certainly not. The water content is much too high. That's what makes evaporated milk “evaporated”. You could try evaporating the milk yourself first. read more
But note that in the time it takes you could run down to the store and buy evaporated milk instead. Unless you live in the middle of nowhere, or you’re snowed in, in which case watching milk evaporate might be as much fun as you’re gonna have today. read more
Evaporated milk may not be the tastiest, but it's great to have on hand as a great substitute for milk in recipes. Instead of Milk Evaporated milk is made by simmering fresh milk in a partial vacuum, where it can boil at a relatively low temperature, until half its moisture content is removed. read more