NWE
Northwestern
PE ratio, current and historical analysis
- Stocks
- Utilities
- NASDAQ: NWE
- PE Ratio
As of Jun 22, 2026, the Northwestern stock's PE ratio is 25.63. This results from the current EPS of $2.73 and stock price of $69.96. The P/E ratio has an increase of 34% from the past four quarters average of 19.1.
NWE PE ratio history
The PE ratio of Northwestern has averaged 17.04 over the last ten years. The current PE ratio of 25.63 is 50% above the historical average. Over the past ten years, NWE's PE ratio was at its highest in the Mar 2026 quarter at 24.15, when the stock price was $65.94 and the EPS was $2.73. The lowest value was in the Jun 2025 quarter, when it reached 13.94 with a price of $51.3 and an EPS of $3.68.
Northwestern PE ratio by year
Maximum annual increase: 49.76% in 2025
Maximum annual decrease: -16.64% in 2021
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 21.88 | 49.76% | $64.54 | $2.95 |
| 2024 | 14.61 | -7.53% | $53.46 | $3.66 |
| 2023 | 15.8 | -12.66% | $50.89 | $3.22 |
| 2022 | 18.09 | 14.28% | $59.34 | $3.28 |
| 2021 | 15.83 | -16.64% | $57.16 | $3.61 |
| 2020 | 18.99 | 6.27% | $58.31 | $3.07 |
| 2019 | 17.87 | 18.42% | $71.67 | $4.01 |
| 2018 | 15.09 | -15.32% | $59.44 | $3.94 |
| 2017 | 17.82 | 6.52% | $59.7 | $3.35 |
| 2016 | 16.73 | -1.3% | $56.87 | $3.4 |
| 2015 | 16.95 | -9.84% | $54.25 | $3.2 |
| 2014 | 18.8 | 6.76% | $56.58 | $3.01 |
| 2013 | 17.61 | 35.36% | $43.32 | $2.46 |
| 2012 | 13.01 | -7.34% | $34.73 | $2.67 |
| 2011 | 14.04 | 4.23% | $35.79 | $2.55 |
Northwestern PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 24.15 | 10.37% | $65.94 | $2.73 |
| Dec 2025 | 21.88 | 32.13% | $64.54 | $2.95 |
| Sep 2025 | 16.56 | 18.79% | $58.61 | $3.54 |
| Jun 2025 | 13.94 | -7.25% | $51.3 | $3.68 |
| Mar 2025 | 15.03 | 2.87% | $57.87 | $3.85 |
| Dec 2024 | 14.61 | -5.25% | $53.46 | $3.66 |
| Sep 2024 | 15.42 | 5.62% | $57.22 | $3.71 |
| Jun 2024 | 14.6 | -7.42% | $50.08 | $3.43 |
| Mar 2024 | 15.77 | -0.19% | $50.93 | $3.23 |
| Dec 2023 | 15.8 | -1.06% | $50.89 | $3.22 |
| Sep 2023 | 15.97 | -15.32% | $48.06 | $3.01 |
| Jun 2023 | 18.86 | 5.6% | $56.76 | $3.01 |
| Mar 2023 | 17.86 | -1.27% | $57.86 | $3.24 |
| Dec 2022 | 18.09 | 13.06% | $59.34 | $3.28 |
| Sep 2022 | 16 | -10.96% | $49.28 | $3.08 |
NWE Price vs fair value
NWE average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of NWE is greater than its 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 25.63, NWE is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 19.66, Northwestern's P/E is 30% higher.
NWE PE vs peers
NWE's PE ratio is lower than its peer stock CNP, but it is greater than XEL's and EXC's. Northwestern's current PE ratio of 25.63 is above the average of its peers, which is 20.29.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PCG PG&E Corp | 13.01 | $36.95B |
| AVA Avista Corp | 16.08 | $3.33B |
| EXC Exelon Corp | 16.95 | $47.71B |
| BKH Black Hills Corp | 18.95 | $5.58B |
| AEE Ameren Corp | 19.81 | $30.7B |
| XEL Xcel Energy Inc | 22.83 | $49.75B |
| NI Nisource Inc | 23.29 | $22.56B |
| MDU Mdu Resources Group Inc | 23.55 | $4.53B |
| IDA Idacorp Inc | 23.65 | $7.99B |
| NWE Northwestern Corp | 25.84 | $4.34B |
| CNP Centerpoint Energy Inc | 26.68 | $28.45B |
Frequently asked questions
What is Northwestern's PE ratio?
As of Jun 22, 2026, NWE stock has a price to earnings ratio of 25.63.
What is the 3-year average PE ratio for Northwestern (NWE)?
Over the last 3 years, the average price to earnings ratio for NWE stock is 16.88.
What is the 5-year average PE ratio for Northwestern (NWE)?
Over the last 5 years, the average price to earnings ratio for NWE stock is 16.9.
What is the highest PE ratio for NWE?
Within the last ten years, the current P/E ratio is at its peak with a value of 25.63.
How does the current PE ratio for NWE compare to its historical average?
NWE's price to earnings ratio is currently 50% above its 10-year historical average.
How is NWE's PE ratio calculated (Northwestern 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 (Jun 22, 2026), Northwestern's stock price is $69.96. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.73. Therefore, Northwestern's P/E ratio for today is 25.63. PE RATIO(25.63) = STOCK PRICE($69.96) / TTM EPS($2.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.