XEL
Xcel Energy
PE ratio, current and historical analysis
- Stocks
- Utilities
- NASDAQ: XEL
- PE Ratio
As at Jun 22, 2026, the XEL stock has a PE ratio of 22.58. This is based on the current EPS of $3.49 and the stock price of $78.81 per share. An increase of 3.2% has been seen in the P/E ratio compared to the average of 21.9 of the last 4 quarters.
XEL PE ratio history
The mean historical PE ratio of Xcel Energy over the last ten years is 21.18. The current 22.58 PE ratio is 7% above 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 by year
Maximum annual increase: 20.92% in 2014
Maximum annual decrease: -12.52% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 21.47 | 9.37% | $73.86 | $3.44 |
| 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 |
Xcel Energy PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 22.76 | 6.01% | $79.44 | $3.49 |
| Dec 2025 | 21.47 | -12.4% | $73.86 | $3.44 |
| Sep 2025 | 24.51 | 30.3% | $80.65 | $3.29 |
| Jun 2025 | 18.81 | -9.65% | $68.1 | $3.62 |
| 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 |
XEL Price vs fair value
XEL 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.
XEL's current P/E ratio is above the 3, 5 and 10-year historical averages.
PE comparison
Xcel Energy's P/E of 22.58 is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 19.66, Xcel Energy's P/E is 15% higher.
XEL PE vs peers
Compared to its peers DTE and LNT, XEL's PE ratio stands lower, however it is higher than DUK's and WEC's. Xcel Energy's PE ratio is trading above the peer group average of 20.21.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PCG PG&E Corp | 13.03 | $37.03B |
| AVA Avista Corp | 16.06 | $3.33B |
| DUK Duke Energy CORP | 19.15 | $97.47B |
| AEE Ameren Corp | 19.9 | $30.84B |
| CMS Cms Energy Corp | 20.61 | $23.11B |
| PPL PPL Corp | 22.01 | $27.15B |
| WEC Wec Energy Group Inc | 22.7 | $37.34B |
| XEL Xcel Energy Inc | 22.88 | $49.84B |
| LNT Alliant Energy Corp | 23.26 | $19.16B |
| IDA Idacorp Inc | 23.67 | $8B |
| DTE Dte Energy Co | 24.42 | $30.94B |
Frequently asked questions
What is Xcel Energy's PE ratio?
The price to earnings ratio for XEL stock as of Jun 22, 2026, stands at 22.58.
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 19.7.
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 20.72.
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 7% above 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 22, 2026), Xcel Energy's stock price is $78.81. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.49. Therefore, Xcel Energy's P/E ratio for today is 22.58. PE RATIO(22.58) = STOCK PRICE($78.81) / TTM EPS($3.49)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.