30 years of historical data (1995–2024) · 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
Eversource Energy trades at 33.6x earnings, 40% above its 5-year average of 24.0x, sitting at the 92nd percentile of its historical range. Compared to the Utilities sector median P/E of 21.0x, the stock trades at a premium of 60%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $28.6B | $20.5B | $21.6B | $29.1B | $31.4B | $29.4B | $27.5B | $20.7B | $20.1B | $17.6B | $16.3B |
| Enterprise Value | $57.7B | $49.6B | $48.3B | $51.7B | $51.5B | $47.4B | $43.0B | $35.2B | $33.5B | $28.3B | $26.4B |
| P/E Ratio → | 33.57 | 25.30 | — | 20.70 | 25.70 | 24.37 | 30.27 | 20.01 | 20.32 | 18.66 | 18.50 |
| P/S Ratio | 2.40 | 1.73 | 1.81 | 2.37 | 3.18 | 3.30 | 3.22 | 2.45 | 2.59 | 2.30 | 2.04 |
| P/B Ratio | 1.79 | 1.35 | 1.51 | 1.86 | 2.12 | 2.07 | 2.15 | 1.78 | 1.79 | 1.62 | 1.55 |
| P/FCF | — | — | — | — | — | — | — | — | — | 88.75 | — |
| P/OCF | 13.24 | 9.51 | 13.11 | 12.12 | 15.98 | 17.47 | 13.67 | 11.59 | 10.02 | 8.09 | 11.42 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Eversource Energy's enterprise value stands at 12.9x EBITDA, 8% below its 5-year average of 14.0x. The Utilities sector median is 9.4x, placing the stock at a 37% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.17 | 4.05 | 4.21 | 5.22 | 5.32 | 5.05 | 4.17 | 4.32 | 3.71 | 3.32 |
| EV / EBITDA | 12.87 | 11.07 | 15.02 | 13.45 | 15.48 | 15.05 | 16.11 | 12.70 | 12.03 | 10.69 | 10.88 |
| EV / EBIT | 21.32 | 21.07 | 83.18 | 20.31 | 23.91 | 22.59 | 24.97 | 19.26 | 16.77 | 14.85 | 14.70 |
| EV / FCF | — | — | — | — | — | — | — | — | — | 142.84 | — |
Margins and return-on-capital ratios measuring operating efficiency
Eversource Energy earns an operating margin of 22.7%, roughly in line with the Utilities sector average. Operating margins have expanded from 17.9% to 22.7% over the past 3 years, signaling improving operational efficiency. ROE of 5.5% is modest, trailing the sector median of 9.4%. ROIC of 4.8% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.1% | 31.1% | 40.7% | 44.0% | 48.2% | 49.8% | 48.4% | 47.0% | 50.8% | 49.9% | 44.5% |
| Operating Margin | 22.7% | 22.7% | 20.1% | 17.9% | 20.2% | 22.3% | 18.7% | 20.1% | 24.7% | 24.3% | 22.2% |
| Net Profit Margin | 6.8% | 6.8% | -3.7% | 11.4% | 12.4% | 13.5% | 10.7% | 12.2% | 12.7% | 12.3% | 11.0% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.5% | 5.5% | -3.0% | 9.2% | 8.4% | 8.9% | 7.4% | 9.0% | 8.9% | 8.8% | 8.5% |
| ROA | 1.4% | 1.4% | -0.8% | 2.8% | 2.6% | 2.8% | 2.3% | 2.8% | 2.9% | 3.0% | 2.9% |
| ROIC | 4.8% | 4.8% | 4.5% | 4.5% | 4.5% | 4.9% | 4.4% | 5.0% | 6.2% | 6.6% | 6.5% |
| ROCE | 5.3% | 5.3% | 5.0% | 4.9% | 4.8% | 5.1% | 4.4% | 5.1% | 6.3% | 6.6% | 6.5% |
Solvency and debt-coverage ratios — lower is generally safer
Eversource Energy carries a Debt/EBITDA ratio of 6.5x, which is highly leveraged (53% above the sector average of 4.2x). Net debt stands at $29.1B ($29.1B total debt minus $27M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.92 | 1.92 | 1.87 | 1.47 | 1.37 | 1.27 | 1.22 | 1.26 | 1.19 | 0.99 | 0.97 |
| Debt / EBITDA | 6.50 | 6.50 | 8.32 | 5.97 | 6.07 | 5.75 | 5.83 | 5.28 | 4.82 | 4.06 | 4.20 |
| Net Debt / Equity | — | 1.91 | 1.86 | 1.44 | 1.37 | 1.26 | 1.22 | 1.25 | 1.19 | 0.99 | 0.97 |
| Net Debt / EBITDA | 6.49 | 6.49 | 8.30 | 5.87 | 6.05 | 5.71 | 5.82 | 5.24 | 4.81 | 4.05 | 4.19 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | 54.10 | — |
| Interest Coverage | 2.43 | 2.43 | 2.80 | 3.24 | 3.42 | 3.69 | 2.98 | 3.41 | 4.55 | 4.64 | 4.74 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.76x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.62x to 0.76x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.76 | 0.76 | 0.67 | 0.62 | 0.56 | 0.64 | 0.67 | 0.56 | 0.69 | 0.68 | 0.88 |
| Quick Ratio | 0.67 | 0.67 | 0.59 | 0.57 | 0.51 | 0.58 | 0.60 | 0.50 | 0.63 | 0.59 | 0.76 |
| Cash Ratio | 0.00 | 0.00 | 0.01 | 0.06 | 0.01 | 0.02 | 0.00 | 0.03 | 0.01 | 0.01 | 0.01 |
| Asset Turnover | — | 0.20 | 0.21 | 0.23 | 0.20 | 0.19 | 0.21 | 0.22 | 0.21 | 0.24 | 0.26 |
| Inventory Turnover | 13.79 | 13.79 | 13.92 | 18.37 | 19.11 | 16.82 | 18.70 | 18.80 | 17.09 | 11.63 | 13.12 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Eversource Energy returns 3.7% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 123.4%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.0% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.7% | 4.9% | 4.3% | 3.0% | 2.6% | 2.5% | 2.4% | 3.1% | 3.0% | 3.2% | 3.3% |
| Payout Ratio | 123.4% | 123.4% | — | 61.2% | 66.0% | 61.8% | 73.0% | 62.0% | 60.9% | 59.9% | 60.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 4.0% | — | 4.8% | 3.9% | 4.1% | 3.3% | 5.0% | 4.9% | 5.4% | 5.4% |
| FCF Yield | — | — | — | — | — | — | — | — | — | 1.1% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.7% | 4.9% | 4.3% | 3.0% | 2.6% | 2.5% | 2.4% | 3.1% | 3.0% | 3.2% | 3.3% |
| Shares Outstanding | — | $357M | $350M | $347M | $345M | $340M | $323M | $318M | $318M | $318M | $318M |
Compare ES 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 |
|---|---|---|---|---|---|---|---|---|---|
| ESYou | $29B | 33.6 | 12.9 | — | 31.1% | 22.7% | 5.5% | 4.8% | 6.5 |
| 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 |
| ED | $26B | 20.0 | 5.1 | 5.9 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
| 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 ComparisonEversource Energy's current P/E ratio is 33.6x. The historical average is 20.7x. This places it at the 92th percentile of its historical range.
Eversource Energy's current EV/EBITDA is 12.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
Eversource Energy's return on equity (ROE) is 5.5%. The historical average is 6.1%.
Based on historical data, Eversource Energy is trading at a P/E of 33.6x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Eversource Energy's current dividend yield is 3.68% with a payout ratio of 123.4%.
Eversource Energy has 31.1% gross margin and 22.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Eversource Energy's Debt/EBITDA ratio is 6.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.