4 years of historical data (2022–2025) · Utilities · Renewable Utilities
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
GE Vernova Inc. trades at 49.4x earnings, roughly in line with its 5-year average of 47.9x, sitting at the 50th percentile of its historical range. Compared to the Utilities sector median P/E of 21.0x, the stock trades at a premium of 136%. On a free-cash-flow basis, the stock trades at 63.4x P/FCF, 24% above the 5-year average of 51.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $235.5B | $180.4B | $91.4B | — | — |
| Enterprise Value | $226.6B | $171.5B | $84.9B | — | — |
| P/E Ratio → | 49.38 | 36.95 | 58.95 | — | — |
| P/S Ratio | 6.19 | 4.74 | 2.62 | — | — |
| P/B Ratio | 19.61 | 14.67 | 8.63 | — | — |
| P/FCF | 63.45 | 48.61 | 53.79 | — | — |
| P/OCF | 47.21 | 36.16 | 35.40 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
GE Vernova Inc.'s enterprise value stands at 101.1x EBITDA, 65% above its 5-year average of 61.2x. The Utilities sector median is 9.4x, placing the stock at a 979% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 4.51 | 2.43 | — | — |
| EV / EBITDA | 101.12 | 76.54 | 45.85 | — | — |
| EV / EBIT | 163.27 | 60.66 | 33.97 | — | — |
| EV / FCF | — | 46.22 | 49.92 | — | — |
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 21.0%. 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.
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% |
| 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% |
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 | — | — | — | -9.42 | -19.08 |
Net cash position: cash ($8.8B) exceeds total debt ($0)
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 | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
GE Vernova Inc. returns 1.5% to shareholders annually — split between a 0.1% dividend yield and 1.4% buyback yield. The payout ratio of 5.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.0% (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 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.2% | — | — | — |
| Payout Ratio | 5.6% | 5.6% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 2.7% | 1.7% | — | — |
| FCF Yield | 1.6% | 2.1% | 1.9% | — | — |
| Buyback Yield | 1.4% | 1.8% | 0.0% | — | — |
| Total Shareholder Yield | 1.5% | 2.0% | 0.0% | — | — |
| Shares Outstanding | — | $276M | $278M | $272M | $272M |
Compare GEV with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| GEVYou | $235B | 49.4 | 101.1 | 63.4 | 19.8% | 3.6% | 42.7% | 27.9% | — |
| FLNC | $800M | -42.0 | — | — | 13.1% | -1.5% | -8.4% | -12.0% | — |
| NRGV | $460M | -3.3 | — | — | 13.4% | -281.4% | -77.6% | -90.2% | — |
| SMR | $249M | -5.9 | — | — | — | — | -45.4% | -314.7% | — |
| BNRG | $10M | -1.0 | — | — | — | — | -183.9% | -150.7% | — |
| CREG | $3M | -0.6 | — | 11.0 | — | — | -1.5% | -0.7% | — |
| RAIN | $3685 | -1.1 | — | — | — | — | — | — | — |
| 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 · 4 years · Updated daily
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Start ComparisonGE Vernova Inc.'s current P/E ratio is 49.4x. The historical average is 47.9x. This places it at the 50th percentile of its historical range.
GE Vernova Inc.'s current EV/EBITDA is 101.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 61.2x.
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%.
Based on historical data, GE Vernova Inc. is trading at a P/E of 49.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
GE Vernova Inc.'s current dividend yield is 0.11% with a payout ratio of 5.6%.
GE Vernova Inc. has 19.8% gross margin and 3.6% operating margin.