CenterPoint Energy
CNP
#918
Rank
$18.19 B
Marketcap
$28.83
Share price
0.95%
Change (1 day)
-8.59%
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 June 2023 (TTM): 16.8

According to CenterPoint Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.8343. At the end of 2020 the company had a P/E ratio of -11.3.

P/E ratio history for CenterPoint Energy from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
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

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
20.0 18.82%๐Ÿ‡บ๐Ÿ‡ธ USA
35.4 110.37%๐Ÿ‡บ๐Ÿ‡ธ USA
18.9 12.18%๐Ÿ‡บ๐Ÿ‡ธ USA
11.7-30.22%๐Ÿ‡บ๐Ÿ‡ธ USA
11.4-32.38%๐Ÿ‡บ๐Ÿ‡ธ USA
17.1 1.67%๐Ÿ‡บ๐Ÿ‡ธ USA
20.2 20.18%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.