P/E ratio for Idacorp (IDA)
P/E ratio as of June 2023 (TTM): 19.6
According to Idacorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.6141. At the end of 2021 the company had a P/E ratio of 23.3.
P/E ratio history for Idacorp from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 23.3 | 14.97% |
| 2020 | 20.3 | -12.54% |
| 2019 | 23.2 | 15.82% |
| 2018 | 20.0 | -7.6% |
| 2017 | 21.6 | 5.89% |
| 2016 | 20.4 | 14.13% |
| 2015 | 17.9 | 2.01% |
| 2014 | 17.6 | 22.89% |
| 2013 | 14.3 | 9.26% |
| 2012 | 13.1 | 3.91% |
| 2011 | 12.6 | 0.24% |
| 2010 | 12.6 | 1.76% |
| 2009 | 12.3 | -7.26% |
| 2008 | 13.3 | -28.07% |
| 2007 | 18.5 | 20.11% |
| 2006 | 15.4 | -20.64% |
| 2005 | 19.4 | 19.47% |
| 2004 | 16.2 | -33.88% |
| 2003 | 24.6 | 62.24% |
| 2002 | 15.1 | 25.27% |
| 2001 | 12.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Edison International
EIX | 51.6 | 162.85% | 🇺🇸 USA |
 Pinnacle West Capital
PNW | 19.9 | 1.26% | 🇺🇸 USA |
 Xcel Energy XEL | 20.2 | 2.83% | 🇺🇸 USA |
 Hawaiian Electric Industries HE | 18.4 | -6.11% | 🇺🇸 USA |
 PNM Resources PNM | 19.1 | -2.54% | 🇺🇸 USA |
 Portland General Electric
POR | 17.5 | -11.00% | 🇺🇸 USA |
 Pacific Gas and Electric
PCG | 18.1 | -7.80% | 🇺🇸 USA |
 NorthWestern Corporation
NWE | 21.1 | 7.67% | 🇺🇸 USA |
 Avista
AVA | 23.3 | 18.73% | 🇺🇸 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.