Consolidated Edison
ED
#543
Rank
$32.41 B
Marketcap
$93.54
Share price
1.22%
Change (1 day)
-5.02%
Change (1 year)
Consolidated Edison is an American company that operates as an energy provider in New York, New Jersey and Pennsylvania

P/E ratio for Consolidated Edison (ED)

P/E ratio as of June 2023 (TTM): 13.3

According to Consolidated Edison's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.2869. At the end of 2021 the company had a P/E ratio of 22.1.

P/E ratio history for Consolidated Edison from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202122.10.93%
202021.9-1.24%
201922.228.76%
201817.20.34%
201717.2-3.57%
201617.812.7%
201515.8-10.77%
201417.7
201214.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
21.2 59.71%๐Ÿ‡บ๐Ÿ‡ธ USA
36.0 171.19%๐Ÿ‡บ๐Ÿ‡ธ USA
17.9 34.66%๐Ÿ‡บ๐Ÿ‡ธ USA
17.0 27.65%๐Ÿ‡บ๐Ÿ‡ธ USA
20.9 57.35%๐Ÿ‡บ๐Ÿ‡ธ USA
13.4 0.59%๐Ÿ‡บ๐Ÿ‡ธ USA
13.5 1.52%๐Ÿ‡บ๐Ÿ‡ธ USA
17.2 29.10%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.