Emera Incorporated (EMA) P/E Ratio History
Premium ValuationTrading at 20.1x vs 5Y avg 15.2x · 80th percentile · Premium to historical baseline · Data 2010–2026
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P/E Ratio Analysis
As of October 3, 2026, Emera Incorporated (EMA) trades at a price-to-earnings ratio of 20.1x, with a stock price of $47.67 and trailing twelve-month earnings per share of $3.39.
The current P/E is 32% above its 5-year average of 15.2x. Over the past five years, EMA's P/E has ranged from a low of 7.9x to a high of 23.5x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Utilities sector median P/E of 17.6x, EMA is roughly in line with its sector peers. The sector includes 110 companies with P/E ratios ranging from 0.0x to 177.0x.
Relative to the broader market, EMA trades roughly in line with the S&P 500 median P/E of 24.6x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our EMA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
EMA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
EMA P/E vs Peers
Electric and gas combination utilities peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $11B | 11.8Lowest | 0.15Best | -47% | |
| $47B | 25.7 | 10.13 | +60%Best | |
| $25B | 20.6 | - | +33% | |
| $18B | 21.5 | 3.52 | -3% | |
| $11B | 18.7 | - | -4% | |
| $4B | 23.3 | - | -19% | |
| $159B | 23.2 | 1.34 | -2% | |
| $89B | 18.0 | 0.61 | +11% | |
| $94B | 21.3 | 3.64 | -2% | |
| $38B | 18.4 | 1.60 | +8% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
EMA Historical P/E Data (2010–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $53.02 | $3.17 | 16.7x | +3% |
| FY2026 Q1 | - | $51.87 | $3.28 | 15.8x | -2% |
| FY2025 Q4 | Dec 31 2025 | $49.24 | $3.39 | 14.5x | -10% |
| FY2025 Q3 | - | $47.96 | $3.69 | 13.0x | -20% |
| FY2025 Q2 | Jun 30 2025 | $45.82 | $2.94 | 15.6x | -4% |
| FY2025 Q1 | Mar 31 2025 | $42.09 | $2.94 | 14.3x | -12% |
| FY2024 Q4 | - | $37.38 | $1.71 | 21.8x | +35% |
| FY2024 Q3 | Sep 30 2024 | $39.28 | $2.23 | 17.6x | +9% |
| FY2024 Q2 | Jun 30 2024 | $33.38 | $2.59 | 12.9x | -20% |
| FY2024 Q1 | Mar 31 2024 | $35.25 | $2.30 | 15.3x | -5% |
| FY2023 Q4 | Dec 31 2023 | $37.79 | $3.64 | 10.4x | -36% |
| FY2023 Q3 | Sep 30 2023 | $34.89 | $4.40 | 7.9x | -51% |
| FY2023 Q2 | Jun 30 2023 | $41.23 | $4.72 | 8.7x | -46% |
| FY2023 Q1 | Mar 31 2023 | $41.10 | $4.36 | 9.4x | -42% |
| FY2022 Q4 | Dec 31 2022 | $38.51 | $3.73 | 10.3x | -36% |
| FY2022 Q3 | Sep 30 2022 | $40.57 | $3.22 | 12.6x | -22% |
| FY2022 Q2 | - | $46.85 | $2.31 | 20.3x | +25% |
| FY2022 Q1 | - | $49.56 | $2.49 | 19.9x | +23% |
| FY2021 Q4 | Dec 31 2021 | $49.97 | $2.13 | 23.5x | +45% |
| FY2021 Q3 | - | $45.26 | $1.96 | 23.1x | +43% |
| FY2021 Q2 | Jun 30 2021 | $45.37 | $2.52 | 18.0x | +11% |
| FY2021 Q1 | Mar 31 2021 | $44.50 | $2.77 | 16.1x | -1% |
| FY2020 Q4 | - | $42.51 | $3.82 | 11.1x | -31% |
| FY2020 Q3 | Sep 30 2020 | $41.16 | $3.49 | 11.8x | -27% |
| FY2020 Q2 | - | $38.49 | $3.38 | 11.4x | -30% |
| FY2020 Q1 | - | $39.40 | $3.58 | 11.0x | -32% |
| FY2019 Q4 | - | $42.98 | $2.77 | 15.5x | -4% |
| FY2019 Q3 | Sep 30 2019 | $44.00 | $2.95 | 14.9x | -8% |
| FY2019 Q2 | Jun 30 2019 | $40.83 | $3.22 | 12.7x | -22% |
| FY2019 Q1 | Mar 31 2019 | $37.53 | $3.17 | 11.8x | -27% |
| FY2018 Q4 | Dec 31 2018 | $32.04 | $3.02 | 10.6x | -34% |
| FY2018 Q3 | Sep 30 2018 | $31.08 | $1.07 | 29.0x | +80% |
| FY2018 Q2 | Jun 30 2018 | $32.55 | $0.95 | 34.3x | +112% |
| FY2018 Q1 | Mar 31 2018 | $31.59 | $1.04 | 30.4x | +88% |
| FY2017 Q4 | Dec 31 2017 | $37.45 | $1.34 | 27.9x | +73% |
| FY2017 Q3 | Sep 30 2017 | $37.89 | $2.65 | 14.3x | -12% |
| FY2017 Q2 | Jun 30 2017 | $37.30 | $1.83 | 20.4x | +26% |
| FY2017 Q1 | Mar 31 2017 | $35.38 | $2.74 | 12.9x | -20% |
| FY2016 Q4 | Dec 31 2016 | $33.94 | $1.57 | 21.6x | +34% |
| FY2016 Q3 | Sep 30 2016 | $36.18 | $2.53 | 14.3x | -12% |
| FY2016 Q2 | - | $37.60 | $3.21 | 11.7x | -28% |
| FY2016 Q1 | - | $36.73 | $1.90 | 19.3x | +19% |
| FY2015 Q4 | - | $31.20 | $2.69 | 11.6x | -28% |
| FY2015 Q3 | Sep 30 2015 | $32.97 | $2.42 | 13.6x | -16% |
| FY2015 Q2 | - | $32.46 | $2.38 | 13.6x | -16% |
| FY2015 Q1 | - | $32.13 | $2.48 | 13.0x | -20% |
| FY2014 Q4 | Dec 31 2014 | $33.25 | $2.79 | 11.9x | -26% |
| FY2014 Q3 | - | $31.43 | $1.95 | 16.1x | -0% |
| FY2014 Q2 | Jun 30 2014 | $32.00 | $1.97 | 16.2x | +0% |
| FY2014 Q1 | Mar 31 2014 | $31.15 | $2.14 | 14.6x | -10% |
| FY2013 Q4 | - | $28.49 | $1.66 | 17.2x | +6% |
| FY2013 Q3 | Sep 30 2013 | $28.94 | $1.79 | 16.2x | -0% |
| FY2013 Q2 | Jun 30 2013 | $31.72 | $1.93 | 16.4x | +2% |
| FY2013 Q1 | Mar 31 2013 | $34.46 | $2.02 | 17.1x | +5% |
| FY2012 Q4 | Dec 31 2012 | $34.97 | $1.74 | 20.1x | +24% |
| FY2012 Q3 | Sep 30 2012 | $35.31 | $1.79 | 19.7x | +22% |
| FY2012 Q2 | Jun 30 2012 | $33.07 | $1.76 | 18.8x | +16% |
| FY2012 Q1 | Mar 31 2012 | $33.99 | $1.57 | 21.6x | +34% |
| FY2011 Q4 | Dec 31 2011 | $32.36 | $1.96 | 16.5x | +2% |
| FY2011 Q3 | Sep 30 2011 | $31.55 | $1.93 | 16.3x | +1% |
| FY2011 Q2 | - | $32.65 | $1.95 | 16.7x | +3% |
| FY2011 Q1 | - | $32.19 | $2.13 | 15.1x | -7% |
| FY2010 Q4 | Dec 31 2010 | $31.57 | $1.77 | 17.8x | +10% |
| FY2010 Q3 | - | $26.58 | $1.77 | 15.0x | -7% |
| FY2010 Q2 | Jun 30 2010 | $23.19 | $1.75 | 13.3x | -18% |
| FY2010 Q1 | Mar 31 2010 | $23.63 | $1.66 | 14.2x | -12% |
Average P/E for displayed period: 16.2x
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
EMA — Frequently Asked Questions
Quick answers to the most common questions about buying EMA stock.
What is EMA's P/E ratio?
Emera Incorporated (EMA) trailing twelve-month P/E ratio is 20.1x, based on TTM diluted EPS of $3.39. The 5-year average P/E is 15.2x and the historical range spans 7.9x to 23.5x.
Is EMA stock overvalued or undervalued?
EMA trades at 20.1x P/E, above its 5-year average of 15.2x. The 80th percentile ranking within the 7.9x–23.5x historical range indicates a premium to historical valuation.
Is EMA stock expensive?
Yes, EMA is expensive relative to its own history. The current P/E of 20.1x is above the 5-year average of 15.2x and also above the Utilities sector median of 17.6x. The stock sits at the 80th percentile of its 5-year valuation range.
What is EMA's historical P/E range?
Over the past 5 years, EMA's P/E ratio has ranged from 7.9x to 23.5x, with a median of 15.3x and an average of 15.2x. The current P/E of 20.1x places the stock at the 80th percentile of this range. Full historical data spans 2010–2026.
How does EMA's P/E compare to the S&P 500?
EMA trades at 20.1x P/E versus the S&P 500 median of 24.6x. The 18% discount to the market suggests lower growth expectations or perceived higher risk.
How does EMA's valuation compare to Utilities peers?
Emera Incorporated P/E of 20.1x compares to the Utilities sector median of 17.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is EMA's PEG ratio?
EMA PEG ratio is N/A, based on a P/E of 20.1x and EPS growth of 97.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is EMA's earnings yield?
EMA earnings yield is 4.98%, the inverse of its 20.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.