The current PE ratio for Nextera Energy Partners stock as of Apr 26, 2024 is 9.42. This is calculated based on the TTM EPS of $3.07 and the stock price of $28.93 per share. The PE ratio marks a decrease of 54% from its last 4 quarters average of 20.5.
The average historical PE ratio of Nextera Energy Partners for the last ten years is 38.14. The current P/E ratio of 9.42 is 75% lower than the historical average. Looking back at the last ten years, NEP's PE ratio peaked in the Dec 2014 quarter at 210.94, when the price was $33.75 and the EPS was $0.16. The lowest point was in the Mar 2024 quarter, when it reached 9.8 with a price of $30.08 and an EPS of $3.07.
Maximum annual increase: 11.87% in 2023
Maximum annual decrease: -79.29% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 13.95 | 11.87% |
| 2022 | 12.47 | -73.85% |
| 2021 | 47.68 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | 14.11 | N/A |
| 2017 | N/A | N/A |
| 2016 | 13.44 | -79.29% |
| 2015 | 64.89 | -69.24% |
| 2014 | 210.94 | N/A |
NEP's current PE ratio is lower than its 3 and 5-year averages.
NEP's PE ratio stands lower than its peer stocks AEP and AEE. Nextera Energy Partners is currently trading at a lower PE ratio (9.42) than its peers average of 21.21.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NEP Nextera Energy Partners Lp | 9.57 | $2.75B |
| AEE Ameren Corp | 16.95 | $19.82B |
| LNT Alliant Energy Corp | 17.9 | $12.74B |
| AEP American Electric Power Co Inc | 20.29 | $45.48B |
| ORA Ormat Technologies Inc | 30.79 | $3.88B |
The price to earnings ratio for NEP stock as of Apr 26, 2024, stands at 9.42.
As an average over the last 3 years, NEP stock has a PE ratio of 27.89.
As an average over the last 5 years, NEP stock has a PE ratio of 26.83.
Over the last ten years, the Dec 2014 quarter recorded the highest quarterly PE ratio at 210.94.
The current PE ratio of NEP is 75% lower than the 10-year historical average.
NEP's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 9.42 is considered low.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Apr 26, 2024), Nextera Energy Partners's share price is $28.93. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.07. Therefore, Nextera Energy Partners's PE ratio for today is 9.42. PE RATIO(9.42) = STOCK PRICE($28.93) / TTM EPS($3.07)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.