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 |
|---|---|---|
| 2021 | 22.1 | 0.93% |
| 2020 | 21.9 | -1.24% |
| 2019 | 22.2 | 28.76% |
| 2018 | 17.2 | 0.34% |
| 2017 | 17.2 | -3.57% |
| 2016 | 17.8 | 12.7% |
| 2015 | 15.8 | -10.77% |
| 2014 | 17.7 | |
| 2012 | 14.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 CMS Energy
CMS | 21.2 | 59.71% | 🇺🇸 USA |
 Dominion Energy D | 36.0 | 171.19% | 🇺🇸 USA |
 Exelon Corporation EXC | 17.9 | 34.66% | 🇺🇸 USA |
 FirstEnergy FE | 17.0 | 27.65% | 🇺🇸 USA |
 WEC Energy Group WEC | 20.9 | 57.35% | 🇺🇸 USA |
 NiSource
NI | 13.4 | 0.59% | 🇺🇸 USA |
 PSEG PEG | 13.5 | 1.52% | 🇺🇸 USA |
 Unitil Corporation
UTL | 17.2 | 29.10% | 🇺🇸 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.