NextEra Energy Partners
NEP
#4639
Rank
โ‚ฌ1.59 B
Marketcap
17,08ย โ‚ฌ
Share price
1.66%
Change (1 day)
-38.45%
Change (1 year)

P/E ratio for NextEra Energy Partners (NEP)

P/E ratio as of December 2024 (TTM): 13.4

According to NextEra Energy Partners 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.3684. At the end of 2022 the company had a P/E ratio of 12.4.

P/E ratio history for NextEra Energy Partners from 2014 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.4-73.74%
202147.2-169.62%
2020-67.799.39%
2019-34.0-340.65%
201814.1-139.29%
2017-35.9-361.63%
201613.7-79.14%
201565.8269.36%
201417.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
45.3 239.03%๐Ÿ‡บ๐Ÿ‡ธ USA
21.2 58.48%๐Ÿ‡บ๐Ÿ‡ธ USA
21.2 58.48%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.