The current PE ratio for Essential Utilities stock as of Sep 28, 2023 is 19.23. This is calculated based on the TTM EPS of $1.77 and the stock price of $34.04 per share. The PE ratio has decreased by 22% from its last 4 quarters average of 24.5.
The average historical PE ratio of Essential Utilities for the last ten years is 28.52. The current price-to-earnings ratio of 19.23 is 33% less than the historical average. Analyzing the last ten years, WTRG's PE ratio reached its highest point in the Sep 2019 quarter at 60.58, when the price was $44.83 and the EPS was $0.74. The lowest point was recorded in the Jun 2015 quarter, when it reached 18.01 with a price of $24.49 and an EPS of $1.36.
Maximum annual increase: 42.55% in 2019
Maximum annual decrease: -22.95% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 26.97 | -15.61% |
| 2021 | 31.96 | -22.95% |
| 2020 | 41.48 | -8.09% |
| 2019 | 45.13 | 42.55% |
| 2018 | 31.66 | 8.95% |
| 2017 | 29.06 | 27.68% |
| 2016 | 22.76 | -12.93% |
| 2015 | 26.14 | 29.21% |
| 2014 | 20.23 | 8.07% |
| 2013 | 18.72 | 4% |
WTRG's current PE ratio is under its 3, 5 and 10-year averages.
WTRG's PE ratio is below its peer stock MSEX.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WTRG Essential Utilities Inc | 19.3 | $9.04B |
| MSEX Middlesex Water Co | 31.51 | $1.17B |
WTRG's price to earnings ratio is 19.23 as of Sep 28, 2023.
The 3-year average PE ratio for WTRG stock is 29.21.
The 5-year average PE ratio for WTRG stock is 33.99.
Over the last ten years, the Sep 2019 quarter recorded the highest quarterly PE ratio at 60.58.
The current PE ratio of WTRG is 33% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Sep 28, 2023), Essential Utilities's share price is $34.04. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $1.77. Therefore, Essential Utilities's price to earnings ratio for today is 19.23. PE RATIO(19.23) = STOCK PRICE($34.04) / TTM EPS($1.77)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.