P/E ratio for Eversource Energy (ES)
P/E ratio as of June 2023 (TTM): 16.7
According to Eversource Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.7464. At the end of 2021 the company had a P/E ratio of 25.6.
P/E ratio history for Eversource Energy from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alliant Energy LNT | 20.0 | 19.68% | 🇺🇸 USA |
 Dominion Energy D | 35.1 | 109.36% | 🇺🇸 USA |
 Southern Company SO | 22.3 | 33.20% | 🇺🇸 USA |
 OGE Energy
OGE | 16.8 | 0.53% | 🇺🇸 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.