The P/E ratio for Dte Energy stock stands at 18.19 as of May 1, 2024. This takes into account the latest EPS of $6.12 and stock price of $111.33. An increase of 7% has been observed in the PE ratio compared to its average of 17.0 of the past four quarters.
Over the last ten years, the average PE ratio of Dte Energy has been 19.39. The current 18.19 price-to-earnings ratio is 6% less than the historical average. Analyzing the last ten years, DTE's PE ratio reached its highest point in the Jun 2022 quarter at 32.25, with a price of $126.75 and an EPS of $3.93. The Sep 2015 quarter saw the lowest point at 15.16, with a price of $80.37 and an EPS of $5.3.
Maximum annual increase: 49.18% in 2021
Maximum annual decrease: -23.34% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 16.29 | -23.34% |
| 2022 | 21.25 | -16.8% |
| 2021 | 25.54 | 49.18% |
| 2020 | 17.12 | -16.69% |
| 2019 | 20.55 | 15.13% |
| 2018 | 17.85 | 3.06% |
| 2017 | 17.32 | -14.89% |
| 2016 | 20.35 | 2.78% |
| 2015 | 19.8 | 17.16% |
| 2014 | 16.9 | -4.3% |
Currently, DTE's PE ratio is under its 3, 5 and 10-year averages.
When compared to its peers NU and WEC, DTE's PE ratio is lower, but it is higher than XEL's and AEE's. Dte Energy is currently trading at a lower PE ratio (18.19) than its peers average of 18.76.
| Stock name | PE ratio | Market cap |
|---|---|---|
| XEL Xcel Energy Inc | 16.16 | $29.9B |
| AEE Ameren Corp | 17.11 | $20B |
| NI Nisource Inc | 17.91 | $12.74B |
| LNT Alliant Energy Corp | 18.25 | $12.99B |
| DTE Dte Energy Co | 18.27 | $23.14B |
| CMS Cms Energy Corp | 18.7 | $18.31B |
| WEC Wec Energy Group Inc | 19.68 | $26.21B |
| MGEE Mge Energy Inc | 24.59 | $2.89B |
| NU Nu Holdings Ltd | 49.89 | $52.31B |
DTE's price to earnings ratio is 18.19 as of May 1, 2024.
The average PE ratio for DTE stock over the past 3 years is 21.53.
The average PE ratio for DTE stock over the past 5 years is 20.33.
Over the last ten years, the Jun 2022 quarter recorded the highest quarterly PE ratio at 32.25.
DTE's price to earnings ratio is currently 6% below its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 1, 2024), Dte Energy's share price is $111.33. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $6.12. Therefore, Dte Energy's price to earnings ratio for today is 18.19. PE RATIO(18.19) = STOCK PRICE($111.33) / TTM EPS($6.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.