XEL Xcel Energy PE ratio, current and historical analysis
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- PE Ratio
As at Jun 3, 2025, the XEL stock has a PE ratio of 20.39. This is based on the current EPS of $3.4 and the stock price of $69.33 per share. An increase of 8% has been seen in the P/E ratio compared to the average of 18.9 of the last 4 quarters.
XEL PE ratio history
The mean historical PE ratio of Xcel Energy over the last ten years is 20.85. The current 20.39 PE ratio is 2.2% below the historical average. Over the past ten years, XEL's PE ratio was at its highest in the Sep 2019 quarter at 25.85, with a price of $64.89 and an EPS of $2.51. The Jun 2024 quarter recorded the bottom point at 15.94, with a price of $53.41 and an EPS of $3.35.
Xcel Energy PE ratio history chart
Xcel Energy PE ratio by year
Maximum annual increase: 20.92% in 2014
Maximum annual decrease: -12.52% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 19.63 | 1.76% | $67.52 | $3.44 |
| 2023 | 19.29 | -12.52% | $61.91 | $3.21 |
| 2022 | 22.05 | -3.59% | $70.11 | $3.18 |
| 2021 | 22.87 | -4.31% | $67.7 | $2.96 |
| 2020 | 23.9 | -0.62% | $66.67 | $2.79 |
| 2019 | 24.05 | 20.55% | $63.49 | $2.64 |
| 2018 | 19.95 | -6.29% | $49.27 | $2.47 |
| 2017 | 21.29 | 15.58% | $48.11 | $2.26 |
| 2016 | 18.42 | -0.49% | $40.7 | $2.21 |
| 2015 | 18.51 | 4.64% | $35.91 | $1.94 |
| 2014 | 17.69 | 20.92% | $35.92 | $2.03 |
| 2013 | 14.63 | 1.88% | $27.94 | $1.91 |
| 2012 | 14.36 | -10.64% | $26.71 | $1.86 |
| 2011 | 16.07 | 11.21% | $27.64 | $1.72 |
| 2010 | 14.45 | 0.77% | $23.55 | $1.63 |
Xcel Energy PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 20.82 | 6.06% | $70.79 | $3.4 |
| Dec 2024 | 19.63 | 1.29% | $67.52 | $3.44 |
| Sep 2024 | 19.38 | 21.58% | $65.3 | $3.37 |
| Jun 2024 | 15.94 | -1.24% | $53.41 | $3.35 |
| Mar 2024 | 16.14 | -16.33% | $53.75 | $3.33 |
| Dec 2023 | 19.29 | 6.87% | $61.91 | $3.21 |
| Sep 2023 | 18.05 | -7.96% | $57.22 | $3.17 |
| Jun 2023 | 19.61 | -5.49% | $62.17 | $3.17 |
| Mar 2023 | 20.75 | -5.9% | $67.44 | $3.25 |
| Dec 2022 | 22.05 | 5.76% | $70.11 | $3.18 |
| Sep 2022 | 20.85 | -11.31% | $64 | $3.07 |
| Jun 2022 | 23.51 | -2.61% | $70.76 | $3.01 |
| Mar 2022 | 24.14 | 5.55% | $72.17 | $2.99 |
| Dec 2021 | 22.87 | 6.87% | $67.7 | $2.96 |
| Sep 2021 | 21.4 | -4.51% | $62.5 | $2.92 |
XEL Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
XEL average PE ratio chart
XEL's current P/E ratio is above the 3-year historical average, but it is below the 5 and 10-year averages.
PE vs average
XEL PE vs peers
Compared to its peers WEC and CMS, XEL's PE ratio stands lower, however it is higher than DUK's and PCG's. Xcel Energy's current PE ratio of 20.39 is comparable to the average of its peer group, which is 20.01.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PCG PG&E Corp | 15 | $43.74B |
| AVA Avista Corp | 15.99 | $3.03B |
| DTE Dte Energy Co | 18.16 | $27.92B |
| DUK Duke Energy CORP | 19.44 | $91.13B |
| XEL Xcel Energy Inc | 20.34 | $39.88B |
| WEC Wec Energy Group Inc | 20.7 | $33.96B |
| CMS Cms Energy Corp | 20.82 | $27.05B |
| IDA Idacorp Inc | 20.86 | $6.34B |
| LNT Alliant Energy Corp | 21.16 | $15.76B |
| AEE Ameren Corp | 21.55 | $26.33B |
| PPL PPL Corp | 25.5 | $25.45B |
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Frequently asked questions
What is Xcel Energy's PE ratio?
The price to earnings ratio for XEL stock as of Jun 3, 2025, stands at 20.39.
What is the 3-year average PE ratio for Xcel Energy (XEL)?
The average PE ratio for XEL stock over the past 3 years is 19.67.
What is the 5-year average PE ratio for Xcel Energy (XEL)?
The average PE ratio for XEL stock over the past 5 years is 21.09.
What is the highest PE ratio for XEL?
The highest quarterly PE ratio in the last ten years has been 25.85 and it was in the Sep 2019 quarter.
How does the current PE ratio for XEL compare to its historical average?
XEL's current price to earnings ratio is 2.2% below its 10-year historical average.
How is XEL's PE ratio calculated (Xcel Energy PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jun 3, 2025), Xcel Energy's stock price is $69.33. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $3.4. Therefore, Xcel Energy's P/E ratio for today is 20.39. PE RATIO(20.39) = STOCK PRICE($69.33) / TTM EPS($3.4)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.