NFE New Fortress Energy PE ratio, current and historical analysis
The PE ratio for New Fortress Energy stock stands at 9.37 as of Sep 6, 2024. This is based on the current EPS of $1.18 and the stock price of $11.06 per share. A decrease of 41% has been seen in the P/E ratio compared to the average of 16.0 of the last 4 quarters.
NFE PE ratio history
Over the last three years, the average PE ratio of New Fortress Energy has been 43.37. The current 9.37 PE ratio is 78% below the historical average. Over the past three years, NFE's PE ratio was at its highest in the Sep 2021 quarter at 198.21, with a price of $27.75 and an EPS of $0.14. The Mar 2024 quarter recorded the bottom point at 13.9, with a price of $30.59 and an EPS of $2.2.
New Fortress Energy PE ratio by year
Maximum annual decrease: -68.91% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 14.18 | -68.91% |
| 2022 | 45.61 | -7.43% |
| 2021 | 49.27 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
NFE average PE ratio chart
NFE's current P/E ratio is below the 3 and 5-year averages.
NFE PE vs peers
NFE's PE ratio is lower than its peer stocks NI and NJR.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NFE New Fortress Energy Inc | 9.37 | $2.27B |
| NJR New Jersey Resources Corp | 19.18 | $4.56B |
| NI Nisource Inc | 19.64 | $14.89B |
Frequently asked questions
What is New Fortress Energy's PE ratio?
NFE's price to earnings ratio is 9.37 as of Sep 6, 2024.
What is the 3-year average PE ratio for New Fortress Energy (NFE)?
As an average over the last 3 years, NFE stock has a PE ratio of 43.37.
What is the 5-year average PE ratio for New Fortress Energy (NFE)?
As an average over the last 5 years, NFE stock has a PE ratio of 43.37.
What is the highest PE ratio for NFE?
Over the last three years, the quarterly PE ratio reached a historic high of 198.21 in the Sep 2021 quarter.
How does the current PE ratio for NFE compare to its historical average?
NFE's current price to earnings ratio is 78% below its 3-year historical average.
Why is New Fortress Energy's PE ratio so low?
NFE's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 9.37 is considered low.
How is NFE's PE ratio calculated (New Fortress Energy PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Sep 6, 2024), New Fortress Energy's stock price is $11.06. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $1.18. Therefore, New Fortress Energy's P/E ratio for today is 9.37. PE RATIO(9.37) = STOCK PRICE($11.06) / TTM EPS($1.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.