GE Vernova Inc. (GEV) Financial Ratios
4 years of historical data (2022–2025) · Utilities · Renewable Utilities
EV/EBITDA
↑
127.38
↑+108% vs avg
5yr avg: 61.20
30Y Low45.8·High76.5
P/FCF
↓
79.31
↑+55% vs avg
5yr avg: 51.20
30Y Low48.6·High53.8
P/B Ratio
↑
24.58
↑+111% vs avg
5yr avg: 11.65
30Y Low8.6·High14.7
ROE
↑
42.7%
↓+449% vs avg
5yr avg: 7.8%
30Y Low-24%·High43%
Debt/EBITDA
↓
N/A
—
5yr avg: 21.28
30Y Low0.9·High41.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GEV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
GE Vernova Inc. trades at 61.9x earnings, 29% above its 5-year average of 47.9x, sitting at the 100th percentile of its historical range. Compared to the Utilities sector median P/E of 20.1x, the stock trades at a premium of 209%. On a free-cash-flow basis, the stock trades at 79.3x P/FCF, 55% above the 5-year average of 51.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $294.3B | $180.4B | $91.4B | — | — |
| Enterprise Value | $285.5B | $171.5B | $84.9B | — | — |
| P/E Ratio → | 61.91 | 36.95 | 58.95 | — | — |
| P/S Ratio | 7.73 | 4.74 | 2.62 | — | — |
| P/B Ratio | 24.58 | 14.67 | 8.63 | — | — |
| P/FCF | 79.31 | 48.61 | 53.79 | — | — |
| P/OCF | 59.00 | 36.16 | 35.40 | — | — |
P/E links to full P/E history page with 30-year chart
GEV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
GE Vernova Inc.'s enterprise value stands at 127.4x EBITDA, 108% above its 5-year average of 61.2x. The Utilities sector median is 11.4x, placing the stock at a 1021% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 4.51 | 2.43 | — | — |
| EV / EBITDA | 127.38 | 76.54 | 45.85 | — | — |
| EV / EBIT | 205.66 | 60.66 | 33.97 | — | — |
| EV / FCF | — | 46.22 | 49.92 | — | — |
GEV Profitability
Margins and return-on-capital ratios measuring operating efficiency
GE Vernova Inc. earns an operating margin of 3.6%, below the Utilities sector average of 19.9%. Operating margins have expanded from -2.8% to 3.6% over the past 3 years, signaling improving operational efficiency. Return on equity of 42.7% is exceptionally high — well above the sector median of 9.4%. ROIC of 27.9% represents excellent 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 |
|---|---|---|---|---|---|
| Gross Margin | 19.8% | 19.8% | 18.1% | 14.5% | 11.7% |
| Operating Margin | 3.6% | 3.6% | 2.3% | -2.8% | -9.7% |
| Net Profit Margin | 12.8% | 12.8% | 4.4% | -1.3% | -9.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 42.7% | 42.7% | 16.4% | -4.4% | -23.6% |
| ROA | 8.5% | 8.5% | 3.2% | -1.0% | -6.2% |
| ROIC | 27.9% | 27.9% | 9.4% | -7.0% | -19.3% |
| ROCE | 6.6% | 6.6% | 4.3% | -5.2% | -15.6% |
GEV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $8.8B exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.15 | 0.20 | 0.14 |
| Debt / EBITDA | — | — | 0.88 | 41.68 | — |
| Net Debt / Equity | — | -0.72 | -0.62 | 0.02 | -0.04 |
| Net Debt / EBITDA | -3.95 | -3.95 | -3.56 | 3.85 | — |
| Debt / FCF | — | -2.38 | -3.87 | 0.36 | — |
| Interest Coverage | — | — | — | -0.33 | -15.38 |
Net cash position: cash ($8.8B) exceeds total debt ($0)
GEV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.98x is below 1.0, meaning current liabilities exceed current assets — though the company's $8.8B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 0.98 | 0.98 | 1.08 | 0.94 | 0.99 |
| Quick Ratio | 0.73 | 0.73 | 0.83 | 0.69 | 0.74 |
| Cash Ratio | 0.22 | 0.22 | 0.26 | 0.05 | 0.08 |
| Asset Turnover | — | 0.60 | 0.68 | 0.72 | 0.67 |
| Inventory Turnover | 2.93 | 2.93 | 3.66 | 3.95 | 3.88 |
| Days Sales Outstanding | — | — | — | — | — |
GEV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
GE Vernova Inc. returns 1.2% to shareholders annually — split between a 0.1% dividend yield and 1.1% buyback yield. The payout ratio of 5.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.6% (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 |
|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.2% | — | — | — |
| Payout Ratio | 5.6% | 5.6% | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 1.6% | 2.7% | 1.7% | — | — |
| FCF Yield | 1.3% | 2.1% | 1.9% | — | — |
| Buyback Yield | 1.1% | 1.8% | 0.0% | — | — |
| Total Shareholder Yield | 1.2% | 2.0% | 0.0% | — | — |
| Shares Outstanding | — | $276M | $278M | $272M | $272M |
Peer Comparison
Compare GEV 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 |
|---|---|---|---|---|---|---|---|---|---|
 GEVYou | $294B | 61.9 | 127.4 | 79.3 | 19.8% | 3.6% | 42.7% | 27.9% | — |
 MHK | $6B | 16.4 | 6.8 | 9.7 | 23.9% | 4.7% | 4.6% | 3.9% | 2.4 |
 PWR | $116B | 113.5 | 46.9 | 71.4 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 ETN | $159B | 39.3 | 28.4 | 35.6 | 37.6% | 19.1% | 21.5% | 13.6% | 1.9 |
 EMR | $78B | 34.3 | 17.8 | 29.2 | 52.8% | 19.6% | 9.6% | 8.2% | 2.7 |
 HUBB | $27B | 30.7 | 21.4 | 30.9 | 35.5% | 20.8% | 24.8% | 17.1% | 1.9 |
 VRT | $131B | 100.0 | 60.1 | 69.2 | 34.4% | 18.5% | 41.8% | 28.1% | 1.5 |
 ENPH | $5B | 27.9 | 22.5 | 49.5 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 FSLR | $24B | 15.4 | 9.6 | 19.8 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
 NEE | $201B | 29.3 | 19.1 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 BW | $2B | -32.2 | 55.2 | — | 24.5% | 3.9% | — | 16.9% | 5.8 |
| Utilities Median | — | 20.1 | 11.4 | 15.1 | 40.9% | 19.9% | 9.4% | 4.8% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonGEV — Frequently Asked Questions
Quick answers to the most common questions about buying GEV stock.
What is GE Vernova Inc.'s P/E ratio?
GE Vernova Inc.'s current P/E ratio is 61.9x. The historical average is 47.9x. This places it at the 100th percentile of its historical range.
What is GE Vernova Inc.'s EV/EBITDA?
GE Vernova Inc.'s current EV/EBITDA is 127.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 61.2x.
What is GE Vernova Inc.'s ROE?
GE Vernova Inc.'s return on equity (ROE) is 42.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 7.8%.
Is GEV stock overvalued?
Based on historical data, GE Vernova Inc. is trading at a P/E of 61.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is GE Vernova Inc.'s dividend yield?
GE Vernova Inc.'s current dividend yield is 0.09% with a payout ratio of 5.6%.
What are GE Vernova Inc.'s profit margins?
GE Vernova Inc. has 19.8% gross margin and 3.6% operating margin.