The current PE ratio for Nextera Energy Partners stock as of Dec 6, 2024 is 8.01. This is calculated based on the TTM EPS of $2.2 and the stock price of $17.62 per share. The PE ratio marks a decrease of 29% from its last 4 quarters average of 11.2.
The average historical PE ratio of Nextera Energy Partners for the last ten years is 37.9. The current P/E ratio of 8.01 is 79% 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 Jun 2024 quarter, when it reached 8.64 with a price of $27.64 and an EPS of $3.2.
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, 5 and 10-year averages.
NEP's PE ratio stands lower than its peer stocks AEP and AEE.
Stock name | PE ratio | Market cap |
---|---|---|
NEP Nextera Energy Partners Lp | 8.01 | $1.65B |
AEP American Electric Power Co Inc | 19.21 | $51.05B |
AEE Ameren Corp | 21.55 | $24.5B |
LNT Alliant Energy Corp | 23.67 | $15.67B |
ORA Ormat Technologies Inc | 40.1 | $4.78B |
The price to earnings ratio for NEP stock as of Dec 6, 2024, stands at 8.01.
As an average over the last 3 years, NEP stock has a PE ratio of 25.71.
As an average over the last 5 years, NEP stock has a PE ratio of 24.66.
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 79% 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 8.01 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 (Dec 6, 2024), Nextera Energy Partners's share price is $17.62. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $2.2. Therefore, Nextera Energy Partners's PE ratio for today is 8.01. PE RATIO(8.01) = STOCK PRICE($17.62) / TTM EPS($2.2)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.