P/E ratio for NextEra Energy Partners (NEP)
P/E ratio as of May 2024 (TTM): 25.6
According to NextEra Energy Partners 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.6165. At the end of 2022 the company had a P/E ratio of 12.4.
P/E ratio history for NextEra Energy Partners from 2014 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.4 | -73.74% |
| 2021 | 47.2 | -169.62% |
| 2020 | -67.7 | 99.39% |
| 2019 | -34.0 | -340.65% |
| 2018 | 14.1 | -139.29% |
| 2017 | -35.9 | -361.63% |
| 2016 | 13.7 | -79.14% |
| 2015 | 65.8 | 269.36% |
| 2014 | 17.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ameren
AEE | 16.6 | -35.18% | 🇺🇸 USA |
 American Electric Power AEP | 20.3 | -20.65% | 🇺🇸 USA |
 Ormat Technologies
ORA | 47.7 | 86.30% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.