P/E ratio for Idacorp (IDA)
P/E ratio as of June 2024 (TTM): 17.3
According to Idacorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.3352. At the end of 2022 the company had a P/E ratio of 21.1.
P/E ratio history for Idacorp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.1 | -9.85% |
| 2021 | 23.4 | 14.34% |
| 2020 | 20.5 | -11.62% |
| 2019 | 23.2 | 12.28% |
| 2018 | 20.6 | -4.69% |
| 2017 | 21.6 | 5.89% |
| 2016 | 20.4 | 16.95% |
| 2015 | 17.5 | 1.94% |
| 2014 | 17.1 | 20.4% |
| 2013 | 14.2 | 14% |
| 2012 | 12.5 | 1.04% |
| 2011 | 12.4 | -0.7% |
| 2010 | 12.5 | 2.88% |
| 2009 | 12.1 | -10.83% |
| 2008 | 13.6 | -28.71% |
| 2007 | 19.0 | 23.64% |
| 2006 | 15.4 | -20.64% |
| 2005 | 19.4 | 19.97% |
| 2004 | 16.2 | -34.05% |
| 2003 | 24.5 | 61% |
| 2002 | 15.2 | 19.68% |
| 2001 | 12.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Edison International
EIX | 23.2 | 33.77% | 🇺🇸 USA |
 Pinnacle West Capital
PNW | 18.3 | 5.53% | 🇺🇸 USA |
 Xcel Energy XEL | 17.2 | -0.84% | 🇺🇸 USA |
 Hawaiian Electric Industries HE | 5.10 | -70.60% | 🇺🇸 USA |
 PNM Resources PNM | 20.9 | 20.40% | 🇺🇸 USA |
 Portland General Electric
POR | 19.3 | 11.61% | 🇺🇸 USA |
 Pacific Gas and Electric
PCG | 20.1 | 15.74% | 🇺🇸 USA |
 NorthWestern Corporation
NWE | 16.9 | -2.64% | 🇺🇸 USA |
 Avista
AVA | 16.3 | -5.78% | 🇺🇸 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.