30 years of historical data (1996–2025) · Utilities · Regulated Electric
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DTE Energy Company trades at 21.0x earnings, 6% above its 5-year average of 19.9x, sitting at the 90th percentile of its historical range. This is roughly in line with the Utilities sector median P/E of 21.0x. On a free-cash-flow basis, the stock trades at 7.6x P/FCF, 23% below the 5-year average of 9.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $20.6B | $26.7B | $25.0B | $22.7B | $23.0B | $23.2B | $19.9B | $20.4B | $17.0B | $16.7B | $15.0B |
| Enterprise Value | $22.8B | $29.2B | $48.2B | $43.7B | $42.2B | $41.4B | $39.1B | $38.0B | $31.2B | $29.5B | $26.7B |
| P/E Ratio → | 21.00 | 18.27 | 17.84 | 16.31 | 21.29 | 25.60 | 14.59 | 17.51 | 15.21 | 14.74 | 17.35 |
| P/S Ratio | 1.30 | 1.69 | 2.01 | 1.78 | 1.20 | 1.55 | 1.75 | 1.68 | 1.20 | 1.32 | 1.41 |
| P/B Ratio | 2.49 | 2.17 | 2.14 | 2.05 | 2.21 | 2.66 | 1.58 | 1.73 | 1.59 | 1.67 | 1.58 |
| P/FCF | 7.56 | 9.82 | — | — | — | — | — | — | — | — | — |
| P/OCF | 7.56 | 9.82 | 6.86 | 7.05 | 11.65 | 7.56 | 5.39 | 7.72 | 6.34 | 7.87 | 7.20 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
DTE Energy Company's enterprise value stands at 5.3x EBITDA, 54% below its 5-year average of 11.6x. The Utilities sector median is 9.4x, placing the stock at a 43% discount 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 | — | 1.85 | 3.87 | 3.43 | 2.20 | 2.77 | 3.42 | 3.12 | 2.19 | 2.34 | 2.51 |
| EV / EBITDA | 5.33 | 6.82 | 12.61 | 11.34 | 13.14 | 14.02 | 13.03 | 14.10 | 11.46 | 10.77 | 10.84 |
| EV / EBIT | 9.61 | 14.25 | 20.77 | 18.52 | 23.64 | 32.20 | 23.22 | 24.01 | 17.55 | 16.19 | 16.93 |
| EV / FCF | — | 10.75 | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
DTE Energy Company earns an operating margin of 15.0%, below the Utilities sector average of 21.0%. Operating margins have compressed from 17.6% to 15.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.2% is modest. ROIC of 7.2% represents adequate returns on invested capital.
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 | 84.9% | 84.9% | 34.8% | 34.0% | 19.1% | 22.3% | 28.7% | 24.8% | 22.2% | 25.2% | 26.7% |
| Operating Margin | 15.0% | 15.0% | 16.8% | 17.6% | 9.1% | 10.0% | 13.6% | 11.8% | 11.2% | 13.6% | 14.0% |
| Net Profit Margin | 9.2% | 9.2% | 11.2% | 11.0% | 5.6% | 6.1% | 12.0% | 9.6% | 7.9% | 9.0% | 8.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.2% | 12.2% | 12.3% | 13.0% | 11.3% | 8.5% | 11.2% | 10.4% | 10.8% | 11.6% | 9.5% |
| ROA | 2.8% | 2.8% | 3.0% | 3.2% | 2.6% | 2.1% | 3.1% | 3.0% | 3.2% | 3.4% | 2.9% |
| ROIC | 7.2% | 7.2% | 4.7% | 5.5% | 4.6% | 3.8% | 3.8% | 4.0% | 5.0% | 5.8% | 5.6% |
| ROCE | 5.1% | 5.1% | 5.1% | 5.9% | 4.9% | 3.9% | 3.8% | 4.1% | 5.1% | 5.7% | 5.3% |
Solvency and debt-coverage ratios — lower is generally safer
DTE Energy Company carries a Debt/EBITDA ratio of 0.6x, which is very conservative (86% below the sector average of 4.2x). Net debt stands at $2.5B ($2.5B total debt minus $250M cash). Interest coverage of just 2.2x 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 | 0.20 | 0.20 | 1.99 | 1.90 | 1.85 | 2.09 | 1.56 | 1.49 | 1.33 | 1.29 | 1.24 |
| Debt / EBITDA | 0.59 | 0.59 | 6.08 | 5.45 | 5.98 | 6.18 | 6.54 | 6.54 | 5.24 | 4.71 | 4.79 |
| Net Debt / Equity | — | 0.20 | 1.98 | 1.89 | 1.85 | 2.09 | 1.52 | 1.48 | 1.32 | 1.29 | 1.23 |
| Net Debt / EBITDA | 0.59 | 0.59 | 6.07 | 5.44 | 5.97 | 6.17 | 6.38 | 6.50 | 5.21 | 4.69 | 4.75 |
| Debt / FCF | — | 0.93 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.25 | 2.25 | 2.20 | 2.84 | 2.59 | 2.37 | 2.59 | 2.52 | 2.85 | 3.19 | 3.15 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.02x means DTE Energy Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.60x to 1.02x 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 | 1.02 | 1.02 | 0.71 | 0.60 | 0.81 | 0.52 | 1.30 | 0.77 | 0.73 | 1.10 | 1.13 |
| Quick Ratio | 1.02 | 1.02 | 0.46 | 0.42 | 0.63 | 0.39 | 1.04 | 0.58 | 0.55 | 0.82 | 0.82 |
| Cash Ratio | 0.06 | 0.06 | 0.00 | 0.00 | 0.01 | 0.00 | 0.18 | 0.02 | 0.02 | 0.02 | 0.04 |
| Asset Turnover | — | 0.29 | 0.26 | 0.28 | 0.45 | 0.38 | 0.25 | 0.29 | 0.39 | 0.37 | 0.33 |
| Inventory Turnover | 6.52 | — | 6.52 | 7.99 | 16.52 | 13.55 | 11.50 | 12.05 | 13.64 | 12.11 | 10.09 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DTE Energy Company returns 2.8% to shareholders annually primarily through dividends. A payout ratio of 59.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 2.8% | 3.3% | 3.1% | 3.3% | 3.0% | 3.4% | 3.8% | 3.4% | 3.6% | 3.6% | 3.5% |
| Payout Ratio | 59.6% | 59.6% | 55.4% | 53.8% | 63.3% | 87.2% | 55.6% | 59.2% | 55.4% | 52.2% | 61.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 5.5% | 5.6% | 6.1% | 4.7% | 3.9% | 6.9% | 5.7% | 6.6% | 6.8% | 5.8% |
| FCF Yield | 13.2% | 10.2% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.3% | 0.0% | 0.0% | 0.0% | 0.3% | 0.2% |
| Total Shareholder Yield | 2.8% | 3.3% | 3.1% | 3.3% | 3.2% | 3.7% | 3.8% | 3.4% | 3.6% | 3.9% | 3.8% |
| Shares Outstanding | — | $207M | $207M | $206M | $196M | $194M | $193M | $185M | $181M | $179M | $179M |
Compare DTE 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 |
|---|---|---|---|---|---|---|---|---|---|
| DTEYou | $21B | 21.0 | 5.3 | 7.6 | 84.9% | 15.0% | 12.2% | 7.2% | 0.6 |
| DUK | $102B | 20.7 | 12.9 | 8.3 | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
| XEL | $49B | 24.2 | 15.1 | — | 45.7% | 17.8% | 10.4% | 3.8% | 5.7 |
| ETR | $48B | 27.4 | 14.2 | — | 29.9% | 23.6% | 10.9% | 5.0% | 5.5 |
| PEG | $43B | — | 15.8 | 18.6 | 69.0% | 24.5% | 12.8% | 5.6% | 5.7 |
| WEC | $38B | 24.2 | 10.9 | — | 50.5% | 24.2% | 5.8% | 4.6% | 1.0 |
| AEE | $31B | 21.2 | 13.8 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
| FTS | $29B | 23.1 | 13.4 | — | 45.6% | 28.7% | 7.0% | 4.4% | 6.2 |
| ES | $29B | 33.6 | 12.9 | — | 31.1% | 22.7% | 5.5% | 4.8% | 6.5 |
| ED | $26B | 20.0 | 5.1 | 5.9 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
| LNT | $19B | 26.9 | 17.4 | — | 44.7% | 22.3% | 10.0% | 4.0% | 6.3 |
| Utilities Median | — | 21.0 | 9.4 | 8.1 | 46.6% | 21.0% | 9.4% | 5.0% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
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View ValuationSee how DTE stacks up against sector leader Duke Energy Corporation.
Start ComparisonDTE Energy Company's current P/E ratio is 21.0x. The historical average is 14.5x. This places it at the 90th percentile of its historical range.
DTE Energy Company's current EV/EBITDA is 5.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.9x.
DTE Energy Company's return on equity (ROE) is 12.2%. The historical average is 10.5%.
Based on historical data, DTE Energy Company is trading at a P/E of 21.0x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
DTE Energy Company's current dividend yield is 2.84% with a payout ratio of 59.6%.
DTE Energy Company has 84.9% gross margin and 15.0% operating margin. Operating margin between 10-20% is typical for established companies.
DTE Energy Company's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.