CenterPoint Energy
CNP
#998
Rank
$19.24 B
Marketcap
$30.08
Share price
0.47%
Change (1 day)
5.77%
Change (1 year)
CenterPoint Energy is an American company that supplies the US states of Texas, Arkansas, Louisiana, Minnesota, Mississippi and Oklahoma with natural gas and electricity.

P/E ratio for CenterPoint Energy (CNP)

P/E ratio as of May 2024 (TTM): 23.6

According to CenterPoint Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.5748. At the end of 2022 the company had a P/E ratio of 18.9.

P/E ratio history for CenterPoint Energy from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202218.956.79%
202112.0-206.74%
2020-11.3-155.38%
201920.4-46.65%
201838.1459.59%
20176.82-72.33%
201624.6-316.07%
2015-11.4-169.11%
201416.5-48.04%
201331.860%
201219.8215.12%
20116.30-57.13%
201014.72.26%
200914.449.13%
20089.63-29.14%
200713.613.98%
200611.9-23.88%
200515.7-506.33%
2004-3.86-163.68%
20036.06-1033.38%
2002-0.6489-109.78%
20016.63

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
20.3-14.03%๐Ÿ‡บ๐Ÿ‡ธ USA
19.6-16.87%๐Ÿ‡บ๐Ÿ‡ธ USA
19.6-16.80%๐Ÿ‡บ๐Ÿ‡ธ USA
15.1-36.11%๐Ÿ‡บ๐Ÿ‡ธ USA
14.2-39.85%๐Ÿ‡บ๐Ÿ‡ธ USA
17.6-25.25%๐Ÿ‡บ๐Ÿ‡ธ USA
15.7-33.21%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.