Evergy, Inc. (EVRG) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
7.01
↓-31% vs avg
5yr avg: 10.18
30Y Low4.3·High54.7
P/FCF
N/A
—
5yr avg: N/A
30Y Low1.8·High68.9
P/B Ratio
↑
5.47
↑+154% vs avg
5yr avg: 2.16
30Y Low0.5·High4.9
ROE
↑
12.7%
↓+35% vs avg
5yr avg: 9.4%
30Y Low-53%·High22%
Debt/EBITDA
↓
0.09
↓-98% vs avg
5yr avg: 4.21
30Y Low0.1·High45.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EVRG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Evergy, Inc. trades at 22.1x earnings, 23% above its 5-year average of 17.9x, sitting at the 79th percentile of its historical range. Compared to the Utilities sector median P/E of 19.7x, the stock trades at a premium of 12%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.6B | $16.9B | $14.2B | $12.0B | $14.5B | $15.8B | $12.6B | $15.6B | $12.2B | $7.5B | $8.0B |
| Enterprise Value | $18.9B | $17.2B | $28.2B | $25.2B | $26.5B | $26.9B | $22.8B | $25.5B | $20.5B | $11.6B | $12.0B |
| P/E Ratio → | 22.13 | 19.81 | 16.24 | 16.47 | 19.24 | 17.91 | 20.41 | 23.33 | 22.71 | 23.26 | 23.19 |
| P/S Ratio | 3.13 | 2.84 | 2.44 | 2.19 | 2.47 | 2.82 | 2.57 | 3.03 | 2.84 | 2.93 | 3.13 |
| P/B Ratio | 5.47 | 4.90 | 1.42 | 1.24 | 1.53 | 1.70 | 1.45 | 1.83 | 1.22 | 1.95 | 2.09 |
| P/FCF | — | — | — | — | — | — | 65.26 | 68.88 | 28.39 | 50.94 | — |
| P/OCF | 9.12 | 8.28 | 7.16 | 6.08 | 8.04 | 11.65 | 7.20 | 18.98 | 8.11 | 8.25 | 9.76 |
P/E links to full P/E history page with 30-year chart
EVRG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Evergy, Inc.'s enterprise value stands at 7.0x EBITDA, 31% below its 5-year average of 10.2x. The Utilities sector median is 11.5x, placing the stock at a 39% 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 | — | 2.88 | 4.85 | 4.59 | 4.52 | 4.81 | 4.64 | 4.96 | 4.80 | 4.51 | 4.70 |
| EV / EBITDA | 7.01 | 6.37 | 10.80 | 10.49 | 11.58 | 11.66 | 10.95 | 12.17 | 11.77 | 10.60 | 11.39 |
| EV / EBIT | 12.32 | — | 19.20 | 19.69 | 21.92 | 19.68 | 20.72 | 22.27 | 23.34 | 17.79 | 17.03 |
| EV / FCF | — | — | — | — | — | — | 117.85 | 112.67 | 47.93 | 78.48 | — |
EVRG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Evergy, Inc. earns an operating margin of 25.7%, above the Utilities sector average of 19.8%. Operating margins have expanded from 23.0% to 25.7% over the past 3 years, signaling improving operational efficiency. ROE of 12.7% is modest. ROIC of 8.3% represents adequate 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 | 83.3% | 83.3% | 32.6% | 30.4% | 29.1% | 31.1% | 30.7% | 30.1% | 31.6% | 33.4% | 44.3% |
| Operating Margin | 25.7% | 25.7% | 24.8% | 23.0% | 22.3% | 24.3% | 23.3% | 23.0% | 25.3% | 26.9% | 27.0% |
| Net Profit Margin | 14.4% | 14.4% | 15.0% | 13.3% | 12.8% | 15.7% | 12.6% | 13.0% | 12.5% | 12.6% | 13.5% |
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 | 12.7% | 12.7% | 8.9% | 7.6% | 8.0% | 9.8% | 7.2% | 7.2% | 7.7% | 8.4% | 9.2% |
| ROA | 3.7% | 3.7% | 2.8% | 2.4% | 2.6% | 3.2% | 2.3% | 2.6% | 2.9% | 2.8% | 3.1% |
| ROIC | 8.3% | 8.3% | 4.6% | 4.3% | 4.7% | 5.2% | 4.6% | 4.8% | 6.2% | 6.6% | 6.9% |
| ROCE | 7.5% | 7.5% | 5.2% | 4.7% | 5.1% | 5.4% | 4.7% | 5.1% | 6.5% | 6.5% | 6.8% |
EVRG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Evergy, Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (98% below the sector average of 5.0x). Net debt stands at $245M ($245M total debt minus $200000 cash). Interest coverage of just 2.5x 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 | 0.07 | 0.07 | 1.41 | 1.36 | 1.27 | 1.21 | 1.18 | 1.16 | 0.85 | 1.06 | 1.05 |
| Debt / EBITDA | 0.09 | 0.09 | 5.38 | 5.48 | 5.26 | 4.84 | 4.96 | 4.74 | 4.89 | 3.72 | 3.80 |
| Net Debt / Equity | — | 0.07 | 1.41 | 1.35 | 1.27 | 1.21 | 1.17 | 1.16 | 0.84 | 1.05 | 1.05 |
| Net Debt / EBITDA | 0.09 | 0.09 | 5.37 | 5.47 | 5.25 | 4.83 | 4.89 | 4.73 | 4.80 | 3.72 | 3.80 |
| Debt / FCF | — | — | — | — | — | — | 52.59 | 43.79 | 19.54 | 27.54 | — |
| Interest Coverage | 2.49 | 2.49 | 2.57 | 2.40 | 3.23 | 3.65 | 2.98 | 3.17 | 3.87 | 4.04 | 4.28 |
EVRG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.08x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.51x to 0.08x 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 | 0.08 | 0.08 | 0.50 | 0.51 | 0.53 | 0.55 | 0.69 | 0.63 | 0.59 | 0.88 | 0.73 |
| Quick Ratio | 0.08 | 0.08 | 0.27 | 0.29 | 0.33 | 0.37 | 0.48 | 0.42 | 0.41 | 0.53 | 0.45 |
| Cash Ratio | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 | 0.01 | 0.06 | 0.00 | 0.00 |
| Asset Turnover | — | 0.44 | 0.18 | 0.18 | 0.20 | 0.20 | 0.18 | 0.20 | 0.17 | 0.22 | 0.22 |
| Inventory Turnover | 4.53 | — | 4.53 | 4.92 | 6.18 | 6.79 | 6.75 | 7.47 | 5.72 | 5.83 | 4.75 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
EVRG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Evergy, Inc. returns 3.2% to shareholders annually primarily through dividends. The earnings yield of 4.5% (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 | 3.2% | 3.6% | 4.2% | 4.7% | 3.7% | 3.2% | 3.7% | 3.0% | 3.9% | 3.0% | 2.5% |
| Payout Ratio | — | — | 68.3% | 77.9% | 71.1% | 56.6% | 75.2% | 69.0% | 88.7% | 68.9% | 59.0% |
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 | 4.5% | 5.0% | 6.2% | 6.1% | 5.2% | 5.6% | 4.9% | 4.3% | 4.4% | 4.3% | 4.3% |
| FCF Yield | — | — | — | — | — | — | 1.5% | 1.5% | 3.5% | 2.0% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 10.4% | 8.6% | 3.5% | 0.0% |
| Total Shareholder Yield | 3.2% | 3.6% | 4.2% | 4.7% | 3.7% | 3.2% | 3.7% | 13.4% | 12.5% | 6.4% | 2.5% |
| Shares Outstanding | — | $234M | $231M | $231M | $230M | $230M | $228M | $240M | $214M | $143M | $143M |
Peer Comparison
Compare EVRG 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 |
|---|---|---|---|---|---|---|---|---|---|
 EVRGYou | $19B | 22.1 | 7.0 | — | 83.3% | 25.7% | 12.7% | 8.3% | 0.1 |
 WEC | $37B | 23.6 | 15.4 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 OGE | $10B | 20.6 | 11.4 | 119.1 | 44.2% | 24.5% | 9.8% | 5.8% | 4.2 |
 OTTR | $4B | 13.6 | 9.6 | 38.1 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 NWE | $4B | 24.2 | 13.3 | — | 82.3% | 20.2% | 6.3% | 4.0% | 5.7 |
 AVA | $3B | 17.1 | 10.4 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
 XEL | $50B | 23.6 | 14.5 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 DTE | $30B | 20.2 | 13.1 | — | 84.9% | 15.0% | 12.2% | 4.8% | 6.2 |
 CMS | $23B | 21.0 | 14.3 | — | 60.9% | 20.2% | 11.6% | 4.9% | 6.6 |
 AEE | $30B | 20.5 | 13.6 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
 ETR | $52B | 28.9 | 14.8 | — | 29.9% | 23.6% | 10.9% | 5.0% | 5.5 |
| 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 →
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Includes 30+ ratios · 30 years · Updated daily
Full EVRG Stock Analysis
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Start ComparisonEVRG — Frequently Asked Questions
Quick answers to the most common questions about buying EVRG stock.
What is Evergy, Inc.'s P/E ratio?
Evergy, Inc.'s current P/E ratio is 22.1x. The historical average is 19.9x. This places it at the 79th percentile of its historical range.
What is Evergy, Inc.'s EV/EBITDA?
Evergy, Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
What is Evergy, Inc.'s ROE?
Evergy, Inc.'s return on equity (ROE) is 12.7%. The historical average is 6.6%.
Is EVRG stock overvalued?
Based on historical data, Evergy, Inc. is trading at a P/E of 22.1x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Evergy, Inc.'s dividend yield?
Evergy, Inc.'s current dividend yield is 3.24%.
What are Evergy, Inc.'s profit margins?
Evergy, Inc. has 83.3% gross margin and 25.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Evergy, Inc. have?
Evergy, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.