Eversource Energy (ES) P/E Ratio History
Historical price-to-earnings valuation from 1994 to 2026
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ES Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Eversource Energy (ES) trades at a price-to-earnings ratio of 14.7x, with a stock price of $67.03 and trailing twelve-month earnings per share of $4.64.
The current P/E is 33% below its 5-year average of 21.9x. Over the past five years, ES's P/E has ranged from a low of 14.7x to a high of 27.3x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Utilities sector median P/E of 19.5x, ES trades at a 25% discount to its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 174.1x.
The PEG ratio of 2.86 (P/E divided by 101% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, ES trades at a notable discount to the S&P 500 median P/E of 25.1x. 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 ES 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.
ES P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $39B | 18.9 | 1.65 | +8% | |
| $27B | 23.0 | - | +33% | |
| $26B | 5.9Lowest | 0.14Best | +249%Best | |
| $26B | 25.7 | - | +4% | |
| $30B | 20.3 | 2.30 | +21% | |
| $28B | 26.4 | - | +1% | |
| $51B | 28.7 | 11.30 | +60% | |
| $23B | 24.1 | - | +20% | |
| $3B | 17.2 | 3.74 | +4% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
ES Historical P/E Data (1994–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $69.28 | $4.68 | 14.8x | -29% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $67.33 | $4.57 | 14.7x | -30% |
| FY2025 Q3 | $71.14 | $3.65 | 19.5x | -7% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $63.62 | $2.33 | 27.3x | +30% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $62.11 | $2.32 | 26.8x | +28% |
| FY2024 Q4 | $57.43 | $2.31 | 24.9x | +19% | |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $58.15 | $3.33 | 17.4x | -17% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $70.92 | $3.36 | 21.1x | +1% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $78.26 | $4.16 | 18.8x | -10% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $83.84 | $4.04 | 20.8x | -1% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $77.96 | $4.01 | 19.4x | -7% |
| FY2022 Q2 | $84.47 | $3.83 | 22.1x | +5% |
Average P/E for displayed period: 21.0x
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Start ComparisonES — Frequently Asked Questions
Quick answers to the most common questions about buying ES stock.
Is ES stock overvalued or undervalued?
ES trades at 14.7x P/E, below its 5-year average of 21.9x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does ES's valuation compare to peers?
Eversource Energy P/E of 14.7x compares to sector median of 19.5x. The discount suggests lower growth expectations or higher risk.
What is ES's PEG ratio?
ES PEG ratio is 2.86. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1994-2026.