DTE Energy Company (DTE) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
13.06
+3% vs avg
5yr avg: 12.70
30Y Low5.1·High14.1
P/FCF
N/A
—
5yr avg: N/A
30Y Low7.3·High138.3
P/B Ratio
↓
2.40
+7% vs avg
5yr avg: 2.25
30Y Low0.8·High2.7
ROE
↑
12.2%
↓+6% vs avg
5yr avg: 11.5%
30Y Low7%·High16%
Debt/EBITDA
↑
6.19
+4% vs avg
5yr avg: 5.98
30Y Low2.5·High6.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DTE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DTE Energy Company trades at 20.2x earnings, roughly in line with 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 19.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $29.6B | $26.7B | $25.0B | $22.7B | $23.0B | $23.2B | $19.9B | $20.4B | $17.0B | $16.7B | $15.0B |
| Enterprise Value | $55.9B | $53.0B | $48.2B | $43.7B | $42.2B | $41.4B | $39.1B | $38.0B | $31.2B | $29.5B | $26.7B |
| P/E Ratio → | 20.18 | 18.27 | 17.84 | 16.31 | 21.29 | 25.60 | 14.59 | 17.51 | 15.21 | 14.74 | 17.35 |
| P/S Ratio | 1.87 | 1.69 | 2.01 | 1.78 | 1.20 | 1.55 | 1.75 | 1.68 | 1.20 | 1.32 | 1.41 |
| P/B Ratio | 2.40 | 2.17 | 2.14 | 2.05 | 2.21 | 2.66 | 1.58 | 1.73 | 1.59 | 1.67 | 1.58 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 8.65 | 7.79 | 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
DTE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
DTE Energy Company's enterprise value stands at 13.1x EBITDA, roughly in line with its 5-year average of 12.7x. The Utilities sector median is 11.5x, placing the stock at a 13% 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 | — | 3.35 | 3.87 | 3.43 | 2.20 | 2.77 | 3.42 | 3.12 | 2.19 | 2.34 | 2.51 |
| EV / EBITDA | 13.06 | 12.37 | 12.61 | 11.34 | 13.14 | 14.02 | 13.03 | 14.10 | 11.46 | 10.77 | 10.84 |
| EV / EBIT | 23.55 | 25.84 | 20.77 | 18.52 | 23.64 | 32.20 | 23.22 | 24.01 | 17.55 | 16.19 | 16.93 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
DTE Profitability
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 19.8%. 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 4.8% 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 | 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% |
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 | 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 | 4.8% | 4.8% | 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% |
DTE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
DTE Energy Company carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (25% above the sector average of 5.0x). Net debt stands at $26.3B ($26.5B total debt minus $250M cash). Interest coverage of just 1.9x 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 | 2.16 | 2.16 | 1.99 | 1.90 | 1.85 | 2.09 | 1.56 | 1.49 | 1.33 | 1.29 | 1.24 |
| Debt / EBITDA | 6.19 | 6.19 | 6.08 | 5.45 | 5.98 | 6.18 | 6.54 | 6.54 | 5.24 | 4.71 | 4.79 |
| Net Debt / Equity | — | 2.13 | 1.98 | 1.89 | 1.85 | 2.09 | 1.52 | 1.48 | 1.32 | 1.29 | 1.23 |
| Net Debt / EBITDA | 6.14 | 6.14 | 6.07 | 5.44 | 5.97 | 6.17 | 6.38 | 6.50 | 5.21 | 4.69 | 4.75 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.94 | 1.94 | 2.44 | 2.98 | 2.65 | 2.04 | 2.80 | 2.78 | 3.18 | 3.40 | 3.34 |
DTE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.80x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.60x to 0.80x 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 | 0.80 | 0.80 | 0.71 | 0.60 | 0.81 | 0.52 | 1.30 | 0.77 | 0.73 | 1.10 | 1.13 |
| Quick Ratio | 0.80 | 0.80 | 0.46 | 0.42 | 0.63 | 0.39 | 1.04 | 0.58 | 0.55 | 0.82 | 0.82 |
| Cash Ratio | 0.05 | 0.05 | 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 | 7.99 | 16.52 | 13.55 | 11.50 | 12.05 | 13.64 | 12.11 | 10.09 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
DTE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DTE Energy Company returns 3.0% 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 5.0% (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 | 3.0% | 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% |
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 | 5.0% | 5.5% | 5.6% | 6.1% | 4.7% | 3.9% | 6.9% | 5.7% | 6.6% | 6.8% | 5.8% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 3.0% | 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 |
Peer Comparison
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 | $30B | 20.2 | 13.1 | — | 84.9% | 15.0% | 12.2% | 4.8% | 6.2 |
 ED | $25B | 18.9 | 4.8 | 5.6 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
 AEE | $30B | 20.5 | 13.6 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
 CMS | $23B | 21.0 | 14.3 | — | 60.9% | 20.2% | 11.6% | 4.9% | 6.6 |
 NI | $23B | 24.3 | 12.9 | — | 58.6% | 27.6% | 8.3% | 5.3% | 5.4 |
 WEC | $37B | 23.6 | 15.4 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 PPL | $27B | 23.1 | 12.7 | — | 39.1% | 23.6% | 6.6% | 4.6% | 5.2 |
 EVRG | $19B | 22.1 | 7.0 | — | 83.3% | 25.7% | 12.7% | 8.3% | 0.1 |
 SO | $105B | 23.9 | 12.8 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 DUK | $98B | 19.9 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 XEL | $50B | 23.6 | 14.5 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
| 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 →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full DTE Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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Start ComparisonDTE — Frequently Asked Questions
Quick answers to the most common questions about buying DTE stock.
What is DTE Energy Company's P/E ratio?
DTE Energy Company's current P/E ratio is 20.2x. The historical average is 14.5x. This places it at the 90th percentile of its historical range.
What is DTE Energy Company's EV/EBITDA?
DTE Energy Company's current EV/EBITDA is 13.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
What is DTE Energy Company's ROE?
DTE Energy Company's return on equity (ROE) is 12.2%. The historical average is 10.5%.
Is DTE stock overvalued?
Based on historical data, DTE Energy Company is trading at a P/E of 20.2x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is DTE Energy Company's dividend yield?
DTE Energy Company's current dividend yield is 2.95% with a payout ratio of 59.6%.
What are DTE Energy Company's profit margins?
DTE Energy Company has 84.9% gross margin and 15.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does DTE Energy Company have?
DTE Energy Company's Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.