Consolidated Edison
ED
#594
Rank
$31.42 B
Marketcap
$90.90
Share price
0.63%
Change (1 day)
-6.79%
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 April 2024 (TTM): 13.0

According to Consolidated Edison's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.0416. At the end of 2022 the company had a P/E ratio of 20.4.

P/E ratio history for Consolidated Edison from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202220.4-7.86%
202122.10.93%
202021.9-1.24%
201922.228.76%
201817.20.34%
201717.2-3.57%
201617.812.7%
201515.8-10.77%
201417.715.89%
201315.36.96%
201214.3-17.14%
201117.221.31%
201014.2-1.2%
200914.461.38%
20088.91-36.54%
200714.0-13.56%
200616.23.41%
200515.7-18.15%
200419.26.63%
200318.027.34%
200214.112.75%
200112.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
23.1 76.77%๐Ÿ‡บ๐Ÿ‡ธ USA
17.9 36.94%๐Ÿ‡บ๐Ÿ‡ธ USA
17.1 31.14%๐Ÿ‡บ๐Ÿ‡ธ USA
41.4 217.08%๐Ÿ‡บ๐Ÿ‡ธ USA
18.6 42.45%๐Ÿ‡บ๐Ÿ‡ธ USA
16.9 29.69%๐Ÿ‡บ๐Ÿ‡ธ USA
11.6-11.18%๐Ÿ‡บ๐Ÿ‡ธ USA
18.2 39.58%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.