NRG Energy, Inc. (NRG) P/E Ratio History
ExpensiveTrading at 33.7x vs 5Y avg 23.5x · 85th percentile · Material premium to history · Data 2003–2026
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P/E Ratio Analysis
As of June 21, 2026, NRG Energy, Inc. (NRG) trades at a price-to-earnings ratio of 33.7x, with a stock price of $135.06 and trailing twelve-month earnings per share of $1.15.
The current P/E is 43% above its 5-year average of 23.5x. Over the past five years, NRG's P/E has ranged from a low of 1.9x to a high of 171.9x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Utilities sector median P/E of 19.0x, NRG trades at a 77% premium to its sector peers. The sector includes 111 companies with P/E ratios ranging from 0.0x to 170.1x.
The PEG ratio of 2.38 (P/E divided by -20% 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, NRG commands a significant premium over the S&P 500 median P/E of 24.4x. 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 NRG 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.
NRG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NRG P/E vs Peers
Integrated Retail and Generation peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $55B | 74.1 | 6.62 | -68% | |
| $99B | 37.0 | 1.14 | -38% | |
| $47B | 16.7 | 2.62 | +12% | |
| $10B | 11.6Lowest | 0.15Best | -47% | |
| $60B | 19.8 | - | +41% | |
| $97B | 19.6 | 0.66 | +11% | |
| $105B | 23.7 | 4.06 | -2% | |
| $27B | 22.1 | - | +33% | |
| $51B | 28.4 | 11.21 | +60%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NRG Historical P/E Data (2003–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $146.14 | $0.85 | 171.9x | +283% |
| FY2025 Q4 | Dec 31 2025 | $159.24 | $3.94 | 40.4x | -10% |
| FY2025 Q3 | - | $161.95 | $6.68 | 24.2x | -46% |
| FY2025 Q2 | Jun 30 2025 | $160.58 | $2.20 | 73.0x | +63% |
| FY2025 Q1 | Mar 31 2025 | $95.46 | $6.19 | 15.4x | -66% |
| FY2024 Q4 | - | $90.22 | $4.89 | 18.4x | -59% |
| FY2024 Q3 | Sep 30 2024 | $91.10 | $3.99 | 22.8x | -49% |
| FY2024 Q2 | Jun 30 2024 | $77.86 | $9.19 | 8.5x | -81% |
| FY2024 Q1 | Mar 31 2024 | $67.69 | $7.07 | 9.6x | -79% |
| FY2022 Q4 | Dec 31 2022 | $31.82 | $4.85 | 6.6x | -85% |
| FY2022 Q3 | Sep 30 2022 | $38.27 | $7.88 | 4.9x | -89% |
| FY2022 Q2 | - | $38.17 | $14.19 | 2.7x | -94% |
| FY2022 Q1 | - | $38.36 | $16.43 | 2.3x | -95% |
| FY2021 Q4 | Dec 31 2021 | $43.08 | $8.93 | 4.8x | -89% |
| FY2021 Q3 | - | $40.83 | $9.96 | 4.1x | -91% |
| FY2021 Q2 | Jun 30 2021 | $40.30 | $4.38 | 9.2x | -79% |
| FY2021 Q1 | Mar 31 2021 | $37.73 | $1.25 | 30.2x | -33% |
| FY2020 Q4 | - | $37.55 | $2.07 | 18.1x | -60% |
| FY2020 Q3 | Sep 30 2020 | $30.74 | $16.42 | 1.9x | -96% |
| FY2020 Q2 | - | $32.56 | $16.85 | 1.9x | -96% |
| FY2020 Q1 | - | $27.26 | $16.33 | 1.7x | -96% |
| FY2019 Q4 | - | $39.75 | $17.56 | 2.3x | -95% |
| FY2019 Q3 | Sep 30 2019 | $39.60 | $3.88 | 10.2x | -77% |
| FY2019 Q2 | Jun 30 2019 | $35.12 | $2.19 | 16.1x | -64% |
| FY2019 Q1 | Mar 31 2019 | $42.48 | $1.67 | 25.5x | -43% |
| FY2018 Q4 | Dec 31 2018 | $39.60 | $0.82 | 48.5x | +8% |
| FY2015 Q2 | - | $22.88 | $0.26 | 88.6x | +97% |
| FY2015 Q1 | - | $25.19 | $0.02 | 1376.5x | +2969% |
| FY2014 Q4 | Dec 31 2014 | $26.95 | $0.21 | 129.4x | +188% |
| FY2013 Q3 | Sep 30 2013 | $27.33 | $1.93 | 14.2x | -68% |
| FY2013 Q2 | Jun 30 2013 | $26.70 | $1.56 | 17.2x | -62% |
| FY2013 Q1 | Mar 31 2013 | $26.49 | $2.27 | 11.7x | -74% |
| FY2012 Q4 | Dec 31 2012 | $22.99 | $2.38 | 9.7x | -78% |
| FY2012 Q1 | Mar 31 2012 | $15.67 | $0.88 | 17.7x | -60% |
| FY2011 Q4 | Dec 31 2011 | $18.12 | $0.74 | 24.4x | -46% |
| FY2011 Q3 | Sep 30 2011 | $21.21 | $1.16 | 18.3x | -59% |
| FY2011 Q2 | - | $24.58 | $2.27 | 10.8x | -76% |
| FY2011 Q1 | - | $21.54 | $0.55 | 39.1x | -13% |
| FY2010 Q4 | Dec 31 2010 | $19.54 | $1.83 | 10.7x | -76% |
| FY2010 Q3 | - | $20.82 | $2.01 | 10.4x | -77% |
| FY2010 Q2 | Jun 30 2010 | $21.21 | $2.16 | 9.8x | -78% |
| FY2010 Q1 | Mar 31 2010 | $20.90 | $2.91 | 7.2x | -84% |
| FY2009 Q4 | - | $23.61 | $3.39 | 7.0x | -84% |
| FY2009 Q3 | Sep 30 2009 | $28.19 | $4.36 | 6.5x | -86% |
| FY2009 Q2 | - | $25.96 | $6.17 | 4.2x | -91% |
| FY2009 Q1 | - | $17.60 | $5.09 | 3.5x | -92% |
| FY2008 Q4 | Dec 31 2008 | $23.33 | $4.53 | 5.2x | -89% |
| FY2008 Q3 | - | $24.75 | $4.03 | 6.1x | -86% |
| FY2008 Q2 | Jun 30 2008 | $42.90 | $2.13 | 20.2x | -55% |
| FY2008 Q1 | Mar 31 2008 | $38.99 | $2.16 | 18.1x | -60% |
| FY2007 Q4 | Dec 31 2007 | $43.34 | $2.22 | 19.6x | -56% |
| FY2007 Q3 | Sep 30 2007 | $42.29 | $1.46 | 28.9x | -36% |
| FY2007 Q2 | Jun 30 2007 | $41.57 | $1.85 | 22.4x | -50% |
| FY2007 Q1 | Mar 31 2007 | $36.02 | $1.97 | 18.2x | -59% |
| FY2006 Q4 | Dec 31 2006 | $28.00 | $1.84 | 15.2x | -66% |
| FY2006 Q3 | Sep 30 2006 | $22.65 | $2.26 | 10.0x | -78% |
| FY2006 Q2 | Jun 30 2006 | $24.09 | $0.75 | 32.2x | -28% |
| FY2006 Q1 | Mar 31 2006 | $22.61 | $0.23 | 99.5x | +122% |
| FY2005 Q4 | Dec 31 2005 | $23.56 | $0.27 | 86.6x | +93% |
| FY2005 Q3 | Sep 30 2005 | $21.30 | $0.13 | 158.7x | +254% |
| FY2005 Q2 | - | $18.80 | $0.59 | 31.6x | -29% |
| FY2005 Q1 | - | $17.07 | $0.90 | 18.9x | -58% |
| FY2004 Q4 | Dec 31 2004 | $18.02 | $0.94 | 19.1x | -57% |
| FY2004 Q3 | - | $13.47 | $19.25 | 0.7x | -98% |
| FY2004 Q2 | Jun 30 2004 | $12.40 | $18.26 | 0.7x | -98% |
| FY2004 Q1 | Mar 31 2004 | $11.10 | $16.31 | 0.7x | -98% |
| FY2003 Q4 | Dec 31 2003 | $10.95 | $16.13 | 0.7x | -98% |
Average P/E for displayed period: 44.9x
Full Stock Analysis
Deep dive into NRG consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
23+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NRG — Frequently Asked Questions
Quick answers to the most common questions about buying NRG stock.
What is NRG's P/E ratio?
NRG Energy, Inc. (NRG) trailing twelve-month P/E ratio is 33.7x, based on TTM diluted EPS of $1.15. The 5-year average P/E is 23.5x and the historical range spans 1.9x to 171.9x.
Is NRG stock overvalued or undervalued?
NRG trades at 33.7x P/E, above its 5-year average of 23.5x. The 85th percentile ranking within the 1.9x–171.9x historical range indicates a premium to historical valuation.
Is NRG stock expensive?
Yes, NRG is expensive relative to its own history. The current P/E of 33.7x is above the 5-year average of 23.5x and also above the Utilities sector median of 19.0x. The stock sits at the 85th percentile of its 5-year valuation range.
What is NRG's historical P/E range?
Over the past 5 years, NRG's P/E ratio has ranged from 1.9x to 171.9x, with a median of 9.6x and an average of 23.5x. The current P/E of 33.7x places the stock at the 85th percentile of this range. Full historical data spans 2003–2026.
How does NRG's P/E compare to the S&P 500?
NRG trades at 33.7x P/E versus the S&P 500 median of 24.4x. The 38% premium to the market typically reflects higher expected earnings growth or quality.
How does NRG's valuation compare to Utilities peers?
NRG Energy, Inc. P/E of 33.7x compares to the Utilities sector median of 19.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NRG's PEG ratio?
NRG PEG ratio is 2.38, based on a P/E of 33.7x and EPS growth of -19.6%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is NRG's earnings yield?
NRG earnings yield is 2.97%, the inverse of its 33.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.