P/E ratio for Eversource Energy (ES)
P/E ratio as of April 2024 (TTM): 17.2
According to Eversource Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.2308. At the end of 2022 the company had a P/E ratio of 20.7.
P/E ratio history for Eversource Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.7 | -19.22% |
| 2021 | 25.6 | 5.46% |
| 2020 | 24.3 | -19.45% |
| 2019 | 30.2 | 50.74% |
| 2018 | 20.0 | -1.49% |
| 2017 | 20.3 | 8.88% |
| 2016 | 18.7 | 0.84% |
| 2015 | 18.5 | -10.8% |
| 2014 | 20.7 | 21.36% |
| 2013 | 17.1 | -16.02% |
| 2012 | 20.4 | 25.27% |
| 2011 | 16.2 | 12.12% |
| 2010 | 14.5 | 7.88% |
| 2009 | 13.4 | -6.21% |
| 2008 | 14.3 | -27.27% |
| 2007 | 19.7 | 113.28% |
| 2006 | 9.23 | -190.5% |
| 2005 | -10.2 | -149.79% |
| 2004 | 20.5 | -7.56% |
| 2003 | 22.2 | 72.41% |
| 2002 | 12.9 | 29.8% |
| 2001 | 9.90 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alliant Energy LNT | 18.3 | 6.32% | 🇺🇸 USA |
 Dominion Energy D | 17.6 | 2.26% | 🇺🇸 USA |
 Southern Company SO | 24.6 | 42.77% | 🇺🇸 USA |
 OGE Energy
OGE | 15.7 | -8.75% | 🇺🇸 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.