30 years of historical data (1996–2025) · Utilities · Regulated Electric
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
On a free-cash-flow basis, the stock trades at 18.6x P/FCF, 71% below the 5-year average of 63.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $42.9B | — | $42.2B | $30.6B | $30.7B | $33.6B | $29.6B | $29.9B | $26.4B | $26.1B | $22.3B |
| Enterprise Value | $66.8B | — | $65.0B | $50.9B | $50.7B | $52.4B | $46.5B | $46.3B | $41.7B | $39.4B | $33.7B |
| P/E Ratio → | — | — | 23.87 | 11.92 | 29.74 | — | 15.51 | 17.68 | 18.33 | 16.61 | 25.07 |
| P/S Ratio | 3.52 | — | 4.11 | 2.72 | 3.13 | 3.46 | 3.08 | 2.97 | 2.72 | 2.87 | 2.46 |
| P/B Ratio | 2.52 | 2.35 | 2.62 | 1.98 | 2.24 | 2.33 | 1.85 | 1.98 | 1.84 | 1.89 | 1.70 |
| P/FCF | 18.60 | — | — | 63.57 | — | — | 434.68 | 260.33 | — | — | — |
| P/OCF | 18.10 | — | 19.81 | 8.03 | 20.42 | 19.37 | 9.53 | 8.86 | 9.06 | 8.01 | 6.73 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Public Service Enterprise Group Incorporated's enterprise value stands at 15.8x EBITDA, 56% below its 5-year average of 35.6x. The Utilities sector median is 9.4x, placing the stock at a 68% premium 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 | — | — | 6.32 | 4.53 | 5.17 | 5.39 | 4.84 | 4.59 | 4.30 | 4.34 | 3.71 |
| EV / EBITDA | 15.77 | — | 17.45 | 10.17 | 19.02 | 95.87 | 12.44 | 13.74 | 11.44 | 10.90 | 10.27 |
| EV / EBIT | 22.43 | — | 24.38 | 13.51 | 32.38 | — | 16.53 | 18.82 | 17.89 | 23.75 | 19.99 |
| EV / FCF | — | — | — | 105.88 | — | — | 683.97 | 402.50 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Public Service Enterprise Group Incorporated earns an operating margin of 24.5%, above the Utilities sector average of 21.0%. Operating margins have compressed from 32.8% to 24.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.8% is modest. ROIC of 5.6% represents adequate 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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.0% | 69.0% | 34.4% | 43.0% | 26.6% | 30.8% | 35.7% | 35.7% | 35.6% | 37.6% | 33.7% |
| Operating Margin | 24.5% | 24.5% | 22.9% | 32.8% | 14.1% | -8.8% | 23.6% | 19.3% | 23.7% | 15.7% | 17.6% |
| Net Profit Margin | 17.3% | 17.3% | 17.2% | 22.8% | 10.5% | -6.7% | 19.8% | 16.8% | 14.8% | 17.3% | 9.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 12.8% | 11.2% | 17.6% | 7.3% | -4.3% | 12.3% | 11.5% | 10.2% | 11.7% | 6.8% |
| ROA | 7.7% | 7.7% | 3.4% | 5.2% | 2.1% | -1.3% | 3.9% | 3.6% | 3.3% | 3.8% | 2.3% |
| ROIC | 5.6% | 5.6% | 4.7% | 7.9% | 3.1% | -1.9% | 5.3% | 4.8% | 6.1% | 4.2% | 5.1% |
| ROCE | 14.0% | 14.0% | 5.0% | 8.4% | 3.3% | -2.0% | 5.2% | 4.7% | 5.8% | 3.8% | 4.5% |
Solvency and debt-coverage ratios — lower is generally safer
Public Service Enterprise Group Incorporated carries a Debt/EBITDA ratio of 5.7x, which is highly leveraged (34% above the sector average of 4.2x). Net debt stands at $24.0B ($24.1B total debt minus $106M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.42 | 1.42 | 1.42 | 1.32 | 1.49 | 1.36 | 1.09 | 1.09 | 1.08 | 0.98 | 0.90 |
| Debt / EBITDA | 5.68 | 5.68 | 6.14 | 4.07 | 7.67 | 35.88 | 4.68 | 4.90 | 4.25 | 3.77 | 3.60 |
| Net Debt / Equity | — | 1.41 | 1.41 | 1.31 | 1.45 | 1.30 | 1.06 | 1.08 | 1.06 | 0.96 | 0.87 |
| Net Debt / EBITDA | 5.66 | 5.66 | 6.11 | 4.06 | 7.50 | 34.39 | 4.53 | 4.85 | 4.20 | 3.68 | 3.47 |
| Debt / FCF | — | 10.40 | — | 42.31 | — | — | 249.29 | 142.17 | — | — | — |
| Interest Coverage | — | — | 2.80 | 5.36 | 2.45 | -1.71 | 4.42 | 3.81 | 4.83 | 3.65 | 4.15 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.02x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.67x to 0.02x 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 | 0.02 | 0.02 | 0.65 | 0.67 | 0.64 | 0.88 | 0.66 | 0.64 | 0.71 | 0.79 | 0.99 |
| Quick Ratio | 0.02 | 0.02 | 0.48 | 0.46 | 0.50 | 0.78 | 0.50 | 0.46 | 0.53 | 0.59 | 0.72 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.01 | 0.07 | 0.12 | 0.10 | 0.03 | 0.04 | 0.08 | 0.13 |
| Asset Turnover | — | 114.79 | 0.19 | 0.22 | 0.20 | 0.20 | 0.19 | 0.21 | 0.21 | 0.21 | 0.23 |
| Inventory Turnover | — | — | 6.00 | 6.27 | 7.50 | 9.04 | 7.03 | 7.23 | 6.92 | 6.55 | 6.77 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Public Service Enterprise Group Incorporated returns 2.2% to shareholders annually primarily through dividends. A payout ratio of 44.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity.
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 | 2.2% | 2.4% | 2.8% | 3.7% | 3.5% | 3.1% | 3.4% | 3.2% | 3.4% | 3.3% | 3.7% |
| Payout Ratio | 44.7% | 44.7% | 67.5% | 44.4% | 104.7% | — | 52.0% | 56.1% | 63.3% | 55.3% | 93.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.2% | 8.4% | 3.4% | — | 6.4% | 5.7% | 5.5% | 6.0% | 4.0% |
| FCF Yield | 5.4% | — | — | 1.6% | — | — | 0.2% | 0.4% | — | — | — |
| Buyback Yield | 0.0% | — | 0.0% | 0.0% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.2% | — | 2.8% | 3.7% | 5.1% | 3.1% | 3.4% | 3.2% | 3.4% | 3.3% | 3.7% |
| Shares Outstanding | — | $0 | $500M | $500M | $501M | $504M | $507M | $507M | $507M | $507M | $508M |
Compare PEG 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 |
|---|---|---|---|---|---|---|---|---|---|
| PEGYou | $43B | — | 15.8 | 18.6 | 69.0% | 24.5% | 12.8% | 5.6% | 5.7 |
| DUK | $102B | 20.7 | 12.9 | 8.3 | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
| XEL | $49B | 24.2 | 15.1 | — | 45.7% | 17.8% | 10.4% | 3.8% | 5.7 |
| ETR | $48B | 27.4 | 14.2 | — | 29.9% | 23.6% | 10.9% | 5.0% | 5.5 |
| WEC | $38B | 24.2 | 10.9 | — | 50.5% | 24.2% | 5.8% | 4.6% | 1.0 |
| AEE | $31B | 21.2 | 13.8 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
| FTS | $29B | 23.1 | 13.4 | — | 45.6% | 28.7% | 7.0% | 4.4% | 6.2 |
| ES | $29B | 33.6 | 12.9 | — | 31.1% | 22.7% | 5.5% | 4.8% | 6.5 |
| ED | $26B | 20.0 | 5.1 | 5.9 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
| DTE | $21B | 21.0 | 5.3 | 7.6 | 84.9% | 15.0% | 12.2% | 7.2% | 0.6 |
| LNT | $19B | 26.9 | 17.4 | — | 44.7% | 22.3% | 10.0% | 4.0% | 6.3 |
| 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 · 30 years · Updated daily
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Start ComparisonPublic Service Enterprise Group Incorporated's current EV/EBITDA is 15.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
Public Service Enterprise Group Incorporated's return on equity (ROE) is 12.8%. The historical average is 12.2%.
Based on historical data, Public Service Enterprise Group Incorporated is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
Public Service Enterprise Group Incorporated's current dividend yield is 2.20% with a payout ratio of 44.7%.
Public Service Enterprise Group Incorporated has 69.0% gross margin and 24.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Public Service Enterprise Group Incorporated's Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.