The current PE ratio for Nextera Energy Partners stock as of Jul 25, 2024 is 8.1. This is calculated based on the TTM EPS of $3.2 and the stock price of $25.93 per share. The PE ratio marks a decrease of 41% from its last 4 quarters average of 13.8.
The average historical PE ratio of Nextera Energy Partners for the last ten years is 37.97. The current P/E ratio of 8.1 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. Nextera Energy Partners is currently trading at a lower PE ratio (8.1) than its peers average of 22.54.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NEP Nextera Energy Partners Lp | 8.19 | $2.45B |
| AEP American Electric Power Co Inc | 17.89 | $50.84B |
| AEE Ameren Corp | 17.9 | $20.81B |
| LNT Alliant Energy Corp | 20.37 | $14.36B |
| ORA Ormat Technologies Inc | 35.21 | $4.72B |
The price to earnings ratio for NEP stock as of Jul 25, 2024, stands at 8.1.
As an average over the last 3 years, NEP stock has a PE ratio of 26.81.
As an average over the last 5 years, NEP stock has a PE ratio of 25.53.
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 8.1 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 (Jul 25, 2024), Nextera Energy Partners's share price is $25.93. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $3.2. Therefore, Nextera Energy Partners's PE ratio for today is 8.1. PE RATIO(8.1) = STOCK PRICE($25.93) / TTM EPS($3.2)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.