Dominion Energy, Inc. (D) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
15.13
-10% vs avg
5yr avg: 16.79
30Y Low6.0·High22.0
P/FCF
N/A
—
5yr avg: N/A
30Y Low3.1·High132.2
P/B Ratio
↓
1.58
-8% vs avg
5yr avg: 1.72
30Y Low1.2·High3.8
ROE
↓
9.4%
↓+15% vs avg
5yr avg: 8.2%
30Y Low-1%·High24%
Debt/EBITDA
↓
7.20
↓-7% vs avg
5yr avg: 7.72
30Y Low2.5·High9.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
D Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dominion Energy, Inc. trades at 17.9x earnings, 34% below its 5-year average of 27.1x, sitting at the 28th percentile of its historical range. Compared to the Utilities sector median P/E of 19.7x, the stock trades at a discount of 9%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $54.2B | $50.1B | $45.2B | $39.3B | $51.2B | $63.5B | $62.5B | $67.0B | $48.7B | $51.6B | $48.1B |
| Enterprise Value | $102.9B | $98.8B | $86.7B | $83.4B | $92.3B | $103.8B | $99.3B | $99.3B | $83.6B | $88.8B | $82.9B |
| P/E Ratio → | 17.87 | 16.98 | 22.07 | 20.52 | 56.26 | 19.74 | — | 49.89 | 19.91 | 17.17 | 22.66 |
| P/S Ratio | 3.28 | 3.04 | 3.13 | 2.73 | 3.67 | 5.56 | 4.41 | 4.65 | 4.35 | 4.10 | 4.10 |
| P/B Ratio | 1.58 | 1.50 | 1.50 | 1.43 | 1.85 | 2.33 | 2.36 | 1.97 | 2.21 | 2.66 | 2.86 |
| P/FCF | — | — | — | — | — | — | — | — | 132.24 | — | — |
| P/OCF | 10.11 | 9.35 | 9.01 | 5.98 | 13.84 | 15.73 | 11.96 | 12.87 | 10.20 | 11.45 | 11.65 |
P/E links to full P/E history page with 30-year chart
D EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dominion Energy, Inc.'s enterprise value stands at 15.1x EBITDA, 10% below its 5-year average of 16.8x. The Utilities sector median is 11.5x, placing the stock at a 31% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.99 | 5.99 | 5.79 | 6.62 | 9.09 | 7.01 | 6.89 | 7.46 | 7.05 | 7.07 |
| EV / EBITDA | 15.13 | 14.53 | 14.72 | 12.74 | 20.24 | 21.73 | 20.31 | 21.96 | 15.79 | 14.46 | 15.66 |
| EV / EBIT | 23.31 | 17.54 | 21.30 | 18.96 | 69.39 | 39.85 | 24.23 | 34.09 | 30.28 | 23.33 | 24.31 |
| EV / FCF | — | — | — | — | — | — | — | — | 227.10 | — | — |
D Profitability
Margins and return-on-capital ratios measuring operating efficiency
Dominion Energy, Inc. earns an operating margin of 26.7%, above the Utilities sector average of 19.8%. Operating margins have expanded from 23.7% to 26.7% over the past 3 years, signaling improving operational efficiency. ROE of 9.4% is modest. ROIC of 4.3% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.0% | 49.0% | 47.9% | 48.3% | 45.8% | 47.4% | 51.5% | 42.2% | 44.6% | 50.7% | 47.4% |
| Operating Margin | 26.7% | 26.7% | 22.5% | 23.7% | 10.4% | 17.5% | 14.5% | 10.7% | 26.9% | 31.3% | 29.4% |
| Net Profit Margin | 18.2% | 18.2% | 14.7% | 14.1% | 8.5% | 29.8% | -2.8% | 9.4% | 21.9% | 23.8% | 18.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.4% | 9.4% | 7.4% | 7.4% | 4.3% | 12.6% | -1.3% | 4.8% | 11.8% | 16.6% | 13.9% |
| ROA | 2.7% | 2.7% | 2.0% | 1.9% | 1.2% | 3.5% | -0.4% | 1.5% | 3.2% | 4.0% | 3.3% |
| ROIC | 4.3% | 4.3% | 3.4% | 3.6% | 1.6% | 2.3% | 2.4% | 1.9% | 4.0% | 5.5% | 5.5% |
| ROCE | 4.4% | 4.4% | 3.7% | 3.9% | 1.6% | 2.3% | 2.3% | 1.9% | 4.4% | 6.0% | 6.0% |
D Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Dominion Energy, Inc. carries a Debt/EBITDA ratio of 7.2x, which is highly leveraged (45% above the sector average of 5.0x). Net debt stands at $48.7B ($48.9B total debt minus $250M cash). Interest coverage of just 2.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.46 | 1.46 | 1.38 | 1.61 | 1.49 | 1.49 | 1.40 | 0.95 | 1.60 | 1.93 | 2.08 |
| Debt / EBITDA | 7.20 | 7.20 | 7.09 | 6.76 | 9.04 | 8.50 | 7.57 | 7.17 | 6.65 | 6.08 | 6.63 |
| Net Debt / Equity | — | 1.46 | 1.37 | 1.60 | 1.49 | 1.48 | 1.39 | 0.95 | 1.58 | 1.92 | 2.07 |
| Net Debt / EBITDA | 7.16 | 7.16 | 7.04 | 6.73 | 9.01 | 8.44 | 7.53 | 7.14 | 6.59 | 6.06 | 6.58 |
| Debt / FCF | — | — | — | — | — | — | — | — | 94.86 | — | — |
| Interest Coverage | 2.79 | 2.79 | 2.16 | 2.63 | 1.33 | 2.01 | 2.98 | 1.96 | 2.16 | 3.16 | 3.38 |
D Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.77x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.04x to 0.77x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.77 | 0.77 | 0.71 | 1.04 | 0.73 | 0.84 | 0.64 | 0.61 | 0.67 | 0.45 | 0.52 |
| Quick Ratio | 0.59 | 0.59 | 0.52 | 0.97 | 0.62 | 0.65 | 0.49 | 0.45 | 0.49 | 0.30 | 0.34 |
| Cash Ratio | 0.02 | 0.02 | 0.03 | 0.01 | 0.01 | 0.03 | 0.02 | 0.01 | 0.04 | 0.01 | 0.03 |
| Asset Turnover | — | 0.14 | 0.14 | 0.13 | 0.13 | 0.11 | 0.15 | 0.14 | 0.14 | 0.16 | 0.16 |
| Inventory Turnover | 4.30 | 4.30 | 4.27 | 4.38 | 4.95 | 3.68 | 4.43 | 5.15 | 4.37 | 4.20 | 4.05 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
D Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dominion Energy, Inc. returns 4.3% to shareholders annually primarily through dividends. The payout ratio of 76.0% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 5.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 4.5% | 5.0% | 5.7% | 4.3% | 3.2% | 4.6% | 4.5% | 4.5% | 3.7% | 3.6% |
| Payout Ratio | 76.0% | 76.0% | 105.4% | 109.9% | 185.5% | 59.9% | — | 219.7% | 89.3% | 64.4% | 81.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 5.9% | 4.5% | 4.9% | 1.8% | 5.1% | — | 2.0% | 5.0% | 5.8% | 4.4% |
| FCF Yield | — | — | — | — | — | — | — | — | 0.8% | — | — |
| Buyback Yield | 0.0% | 0.0% | 1.8% | 0.0% | 3.1% | 0.0% | 4.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.3% | 4.5% | 6.7% | 5.7% | 7.5% | 3.2% | 9.5% | 4.5% | 4.5% | 3.7% | 3.6% |
| Shares Outstanding | — | $855M | $839M | $837M | $835M | $809M | $831M | $809M | $681M | $636M | $628M |
Peer Comparison
Compare D with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DYou | $54B | 17.9 | 15.1 | — | 49.0% | 26.7% | 9.4% | 4.3% | 7.2 |
 DUK | $98B | 19.9 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 SO | $105B | 23.9 | 12.8 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 EXC | $46B | 16.4 | 10.9 | — | 27.9% | 21.2% | 9.9% | 5.1% | 5.8 |
 AEP | $72B | 19.9 | 13.9 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 PCG | $36B | 13.7 | 9.8 | — | 19.6% | 19.6% | 8.6% | 4.0% | 6.2 |
 ED | $25B | 18.9 | 4.8 | 5.6 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
 SRE | $61B | 29.5 | — | 13.3 | 52.1% | — | 5.2% | — | — |
 PPL | $27B | 23.1 | 12.7 | — | 39.1% | 23.6% | 6.6% | 4.6% | 5.2 |
 ETR | $52B | 28.9 | 14.8 | — | 29.9% | 23.6% | 10.9% | 5.0% | 5.5 |
 FE | $26B | 25.9 | 12.1 | — | 54.8% | 18.8% | 7.4% | 5.4% | 6.2 |
| Utilities Median | — | 19.7 | 11.5 | 15.4 | 40.7% | 19.8% | 9.4% | 4.9% | 5.0 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonD — Frequently Asked Questions
Quick answers to the most common questions about buying D stock.
What is Dominion Energy, Inc.'s P/E ratio?
Dominion Energy, Inc.'s current P/E ratio is 17.9x. The historical average is 26.7x. This places it at the 28th percentile of its historical range.
What is Dominion Energy, Inc.'s EV/EBITDA?
Dominion Energy, Inc.'s current EV/EBITDA is 15.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
What is Dominion Energy, Inc.'s ROE?
Dominion Energy, Inc.'s return on equity (ROE) is 9.4%. The historical average is 10.4%.
Is D stock overvalued?
Based on historical data, Dominion Energy, Inc. is trading at a P/E of 17.9x. This is at the 28th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Dominion Energy, Inc.'s dividend yield?
Dominion Energy, Inc.'s current dividend yield is 4.32% with a payout ratio of 76.0%.
What are Dominion Energy, Inc.'s profit margins?
Dominion Energy, Inc. has 49.0% gross margin and 26.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Dominion Energy, Inc. have?
Dominion Energy, Inc.'s Debt/EBITDA ratio is 7.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.