NRG Energy, Inc. (NRG) P/E Ratio History
Fairly ValuedTrading at 24.4x, near 5Y avg of 25.4x · 75th percentile · In line with own history · Data 2003–2026
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P/E Ratio Analysis
As of September 25, 2026, NRG Energy, Inc. (NRG) trades at a price-to-earnings ratio of 24.4x, with a stock price of $97.85 and trailing twelve-month earnings per share of $4.04.
The current P/E is roughly in line with its 5-year average of 25.4x. 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 75th percentile of its historical range.
Compared to the Utilities sector median P/E of 17.6x, NRG trades at a 39% premium to its sector peers. The sector includes 110 companies with P/E ratios ranging from 0.0x to 174.5x.
The PEG ratio of 1.73 (P/E divided by -20% EPS growth) suggests a fair valuation 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 trades roughly in line with the S&P 500 median P/E of 24.8x. 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) |
|---|---|---|---|---|
| $47B | 62.4 | 5.57 | -68% | |
| $94B | 35.4 | 1.08 | -38% | |
| $41B | 14.7 | 2.30 | +12% | |
| $11B | 11.8Lowest | 0.15Best | -47% | |
| $53B | 17.5 | - | +41% | |
| $88B | 17.9 | 0.60 | +11% | |
| $93B | 21.1 | 3.61 | -2% | |
| $24B | 20.1 | - | +33% | |
| $46B | 25.1 | 9.90 | +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 Q2 | - | $146.06 | $3.81 | 38.3x | -14% |
| FY2026 Q1 | - | $146.14 | $0.85 | 171.9x | +284% |
| 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 | -59% |
| 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 | +98% |
| FY2015 Q1 | - | $25.19 | $0.02 | 1376.5x | +2975% |
| FY2014 Q4 | Dec 31 2014 | $26.95 | $0.21 | 129.4x | +189% |
| 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 | -88% |
| 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 | -35% |
| 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 | +255% |
| 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: 44.8x
NRG Chart Terminal
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Intrinsic Valuation
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Historical Returns
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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 24.4x, based on TTM diluted EPS of $4.04. The 5-year average P/E is 25.4x and the historical range spans 1.9x to 171.9x.
Is NRG stock overvalued or undervalued?
NRG trades at 24.4x P/E, near its 5-year average of 25.4x. The 75th percentile ranking within the 1.9x–171.9x historical range places valuation within normal bounds.
Is NRG stock expensive?
NRG is fairly valued relative to its own history. The current P/E of 24.4x is near the 5-year average of 25.4x (75th percentile of historical 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 15.4x and an average of 25.4x. The current P/E of 24.4x places the stock at the 75th 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 24.4x P/E versus the S&P 500 median of 24.8x. The 2% discount to the market suggests lower growth expectations or perceived higher risk.
How does NRG's valuation compare to Utilities peers?
NRG Energy, Inc. P/E of 24.4x compares to the Utilities sector median of 17.6x. 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 1.73, based on a P/E of 24.4x and EPS growth of -19.6%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is NRG's earnings yield?
NRG earnings yield is 4.10%, the inverse of its 24.4x 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.