WEC Energy Group
WEC
#633
Rank
A$48.90 B
Marketcap
$154.59
Share price
1.49%
Change (1 day)
24.78%
Change (1 year)

P/E ratio for WEC Energy Group (WEC)

P/E ratio as of November 2024 (TTM): 23.2

According to WEC Energy Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.1915. At the end of 2022 the company had a P/E ratio of 21.0.

P/E ratio history for WEC Energy Group from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202221.0-10.56%
202123.5-2.7%
202024.2-5.98%
201925.724.63%
201820.618.22%
201717.4-11.41%
201619.7-8.71%
201521.66.69%
201420.224.15%
201316.35.12%
201215.50.09%
201115.52.76%
201015.1-1.51%
200915.311.78%
200813.7-19.43%
200717.0-3.45%
200617.619.26%
200514.714.12%
200412.9-19.3%
200316.0-8.85%
200217.644.77%
200112.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.0 3.43%๐Ÿ‡บ๐Ÿ‡ธ USA
27.2 17.25%๐Ÿ‡บ๐Ÿ‡ธ USA
21.8-6.02%๐Ÿ‡บ๐Ÿ‡ธ USA
20.4-12.11%๐Ÿ‡บ๐Ÿ‡ธ USA
80.7 247.84%๐Ÿ‡บ๐Ÿ‡ธ USA
23.4 0.74%๐Ÿ‡บ๐Ÿ‡ธ USA
22.5-3.03%๐Ÿ‡บ๐Ÿ‡ธ USA
17.6-24.13%๐Ÿ‡บ๐Ÿ‡ธ USA
31.6 36.21%๐Ÿ‡บ๐Ÿ‡ธ 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.