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
Consolidated Edison, Inc. trades at 20.0x earnings, 11% above its 5-year average of 18.0x, sitting at the 87th 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 5.9x P/FCF, 26% below the 5-year average of 7.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $26.5B | $35.6B | $31.0B | $31.8B | $33.9B | $29.8B | $24.3B | $29.8B | $23.9B | $26.2B | $22.2B |
| Enterprise Value | $26.8B | $35.9B | $57.5B | $55.6B | $57.0B | $54.2B | $48.1B | $51.4B | $43.7B | $42.0B | $37.3B |
| P/E Ratio → | 19.95 | 17.61 | 17.03 | 12.62 | 20.41 | 22.16 | 22.03 | 22.17 | 17.30 | 17.20 | 17.88 |
| P/S Ratio | 1.57 | 2.11 | 2.03 | 2.17 | 2.16 | 2.18 | 1.98 | 2.38 | 1.94 | 2.18 | 1.84 |
| P/B Ratio | 1.67 | 1.47 | 1.41 | 1.50 | 1.62 | 1.47 | 1.27 | 1.64 | 1.42 | 1.70 | 1.55 |
| P/FCF | 5.85 | 7.87 | — | — | — | — | — | — | — | — | — |
| P/OCF | 5.85 | 7.87 | 8.57 | 14.74 | 8.62 | 10.91 | 11.04 | 9.51 | 8.88 | 7.79 | 6.43 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Consolidated Edison, Inc.'s enterprise value stands at 5.1x EBITDA, 53% below its 5-year average of 11.0x. The Utilities sector median is 9.4x, placing the stock at a 46% 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 | — | 2.12 | 3.77 | 3.80 | 3.64 | 3.96 | 3.93 | 4.09 | 3.55 | 3.50 | 3.09 |
| EV / EBITDA | 5.10 | 6.84 | 11.76 | 12.81 | 12.21 | 11.21 | 10.51 | 11.85 | 11.01 | 10.24 | 9.58 |
| EV / EBIT | 9.13 | — | 17.29 | 13.79 | 18.35 | 23.15 | 21.97 | 19.09 | 16.81 | 15.42 | 14.13 |
| EV / FCF | — | 7.94 | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Consolidated Edison, Inc. earns an operating margin of 17.3%, below the Utilities sector average of 21.0%. Operating margins have expanded from 15.8% to 17.3% over the past 3 years, signaling improving operational efficiency. ROE of 8.8% is modest, trailing the sector median of 9.4%. ROIC of 6.0% 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 | 81.0% | 81.0% | 64.0% | 61.2% | 61.0% | 65.0% | 65.9% | 65.8% | 64.7% | 67.2% | 39.2% |
| Operating Margin | 17.3% | 17.3% | 17.9% | 15.8% | 16.7% | 20.5% | 21.7% | 21.1% | 20.5% | 23.0% | 22.2% |
| Net Profit Margin | 12.0% | 12.0% | 11.9% | 17.2% | 10.6% | 9.8% | 9.0% | 10.7% | 11.2% | 12.7% | 10.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.8% | 8.8% | 8.4% | 12.0% | 8.1% | 6.8% | 5.9% | 7.7% | 8.6% | 10.3% | 9.1% |
| ROA | 4.3% | 4.3% | 2.7% | 3.7% | 2.5% | 2.1% | 1.8% | 2.4% | 2.7% | 3.2% | 2.7% |
| ROIC | 6.0% | 6.0% | 4.4% | 3.9% | 4.4% | 4.8% | 4.8% | 5.2% | 5.6% | 6.8% | 7.2% |
| ROCE | 6.6% | 6.6% | 4.4% | 3.9% | 4.5% | 4.9% | 4.9% | 5.3% | 5.6% | 6.3% | 6.3% |
Solvency and debt-coverage ratios — lower is generally safer
Consolidated Edison, Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (99% below the sector average of 4.2x). Net debt stands at $314M ($315M total debt minus $1M cash). Interest coverage of just 0.8x 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 | 0.01 | 0.01 | 1.27 | 1.18 | 1.17 | 1.25 | 1.32 | 1.24 | 1.23 | 1.08 | 1.11 |
| Debt / EBITDA | 0.06 | 0.06 | 5.69 | 5.76 | 5.23 | 5.25 | 5.49 | 5.20 | 5.22 | 4.04 | 4.07 |
| Net Debt / Equity | — | 0.01 | 1.21 | 1.13 | 1.11 | 1.20 | 1.25 | 1.18 | 1.18 | 1.02 | 1.05 |
| Net Debt / EBITDA | 0.06 | 0.06 | 5.42 | 5.49 | 4.95 | 5.04 | 5.21 | 4.97 | 4.99 | 3.85 | 3.87 |
| Debt / FCF | — | 0.07 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.77 | 0.77 | 2.30 | 2.26 | 2.75 | 3.05 | 2.60 | 2.78 | 3.09 | 3.79 | 3.84 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.22x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.01x to 0.22x 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 | 0.22 | 0.22 | 1.04 | 1.01 | 1.14 | 1.02 | 0.72 | 0.68 | 0.62 | 0.72 | 0.89 |
| Quick Ratio | 0.22 | 0.22 | 0.96 | 0.94 | 1.10 | 0.94 | 0.67 | 0.62 | 0.56 | 0.65 | 0.80 |
| Cash Ratio | 0.00 | 0.00 | 0.21 | 0.18 | 0.11 | 0.18 | 0.17 | 0.16 | 0.14 | 0.16 | 0.20 |
| Asset Turnover | — | 0.69 | 0.22 | 0.22 | 0.23 | 0.22 | 0.19 | 0.22 | 0.23 | 0.25 | 0.25 |
| Inventory Turnover | 11.33 | — | 11.33 | 12.13 | 12.42 | 10.95 | 11.72 | 12.19 | 12.17 | 11.81 | 21.64 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Consolidated Edison, Inc. returns 2.8% to shareholders annually primarily through dividends. 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.
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% | 3.2% | 3.5% | 3.4% | 3.2% | 3.5% | 4.0% | 3.1% | 3.5% | 3.1% | 3.4% |
| Payout Ratio | — | — | 60.4% | 43.5% | 65.6% | 76.5% | 88.6% | 68.8% | 60.9% | 52.7% | 61.3% |
| 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% | 5.7% | 5.9% | 7.9% | 4.9% | 4.5% | 4.5% | 4.5% | 5.8% | 5.8% | 5.6% |
| FCF Yield | 17.1% | 12.7% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 3.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.8% | 3.2% | 3.5% | 6.6% | 3.2% | 3.5% | 4.0% | 3.1% | 3.5% | 3.1% | 3.4% |
| Shares Outstanding | — | $359M | $347M | $349M | $356M | $349M | $336M | $330M | $313M | $309M | $302M |
Compare ED 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 |
|---|---|---|---|---|---|---|---|---|---|
| EDYou | $26B | 20.0 | 5.1 | 5.9 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
| 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 |
| DTE | $21B | 21.0 | 5.3 | 7.6 | 84.9% | 15.0% | 12.2% | 7.2% | 0.6 |
| 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
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Start ComparisonConsolidated Edison, Inc.'s current P/E ratio is 20.0x. The historical average is 16.0x. This places it at the 87th percentile of its historical range.
Consolidated Edison, Inc.'s current EV/EBITDA is 5.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
Consolidated Edison, Inc.'s return on equity (ROE) is 8.8%. The historical average is 9.6%.
Based on historical data, Consolidated Edison, Inc. is trading at a P/E of 20.0x. This is at the 87th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Consolidated Edison, Inc.'s current dividend yield is 2.81%.
Consolidated Edison, Inc. has 81.0% gross margin and 17.3% operating margin. Operating margin between 10-20% is typical for established companies.
Consolidated Edison, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.