Latest Ratios: P/E Ratio 0.0x · EV/EBITDA 0.0x · ROE N/A. (2005–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $13M | $13M | $12M | $11M | $11M | $15M | $14M | $13M | — | — | — |
| Enterprise Value | $62M | $62M | $22.3B | $21.3B | $21.3B | $22.4B | $23.6B | $24.2B | — | — | — |
| P/E Ratio → | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | — | — | — |
| P/S Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
| P/B Ratio | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
| P/FCF | 0.97 | 0.96 | — | — | 0.04 | 0.02 | 0.01 | 0.01 | — | — | — |
| P/OCF | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.00 | 1.81 | 1.76 | 1.70 | 2.13 | 2.30 | 2.14 | — | — | — |
| EV / EBITDA | 0.02 | 0.02 | 9.89 | 4.95 | 4.41 | 4.68 | 4.77 | 4.81 | — | — | — |
| EV / EBIT | 0.02 | — | 10.14 | 12.61 | 9.20 | 8.20 | 9.09 | 7.37 | — | — | — |
| EV / FCF | — | 4.73 | — | — | 70.09 | 23.82 | 14.30 | 15.68 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | — | — | 40.1% | 37.4% | 40.6% | 46.6% | 49.5% | 48.6% | 47.7% | 39.3% | 44.1% |
| Operating Margin | 18.8% | 18.8% | 18.1% | 14.1% | 19.2% | 27.1% | 26.5% | 29.1% | 20.6% | 18.4% | 21.9% |
| Net Profit Margin | 9.9% | 9.9% | 9.2% | 4.1% | 8.8% | 14.4% | 13.2% | 12.5% | 10.0% | 6.4% | 11.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | 6.8% | 3.2% | 7.4% | 11.0% | 11.0% | 12.9% | 11.5% | 7.8% | 15.8% |
| ROA | — | — | 2.1% | 1.0% | 2.1% | 2.9% | 2.6% | 2.9% | 2.3% | 1.4% | 2.5% |
| ROIC | 16.9% | 16.9% | 4.3% | 3.4% | 4.8% | 5.7% | 5.6% | 7.0% | 5.0% | 4.3% | 5.2% |
| ROCE | — | — | 4.5% | 3.6% | 5.1% | 6.0% | 5.8% | 7.3% | 5.3% | 4.5% | 5.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 1.33 | 1.36 | 1.41 | 1.58 | 1.86 | 2.11 | 2.35 | 2.82 | 3.07 |
| Debt / EBITDA | 0.02 | 0.02 | 10.11 | 5.06 | 4.51 | 4.78 | 4.87 | 4.87 | 4.96 | 6.90 | 6.13 |
| Net Debt / Equity | — | — | 1.30 | 1.32 | 1.37 | 1.55 | 1.82 | 2.08 | 2.32 | 2.79 | 3.03 |
| Net Debt / EBITDA | 0.02 | 0.02 | 9.89 | 4.94 | 4.41 | 4.67 | 4.77 | 4.81 | 4.89 | 6.81 | 6.06 |
| Debt / FCF | — | 3.77 | — | — | 70.05 | 23.81 | 14.29 | 15.67 | 13.70 | 91.63 | 797.38 |
| Interest Coverage | 2.15 | 2.15 | 2.06 | 1.60 | 2.20 | 2.51 | 2.31 | 2.75 | 1.90 | 1.51 | 1.90 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 0.64 | 0.75 | 0.86 | 0.70 | 0.69 | 0.76 | 0.71 | 0.54 | 0.62 |
| Quick Ratio | — | — | 0.64 | 0.75 | 0.86 | 0.70 | 0.69 | 0.76 | 0.71 | 0.54 | 0.62 |
| Cash Ratio | — | — | 0.09 | 0.10 | 0.11 | 0.10 | 0.11 | 0.07 | 0.06 | 0.05 | 0.05 |
| Asset Turnover | — | — | 0.21 | 0.23 | 0.24 | 0.20 | 0.19 | 0.22 | 0.23 | 0.21 | 0.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 10857.0% | 9432.4% | 4407.1% | 9752.7% | 10382.1% | 9552.1% | 10597.0% | — | — | — |
| FCF Yield | 100.0% | 103.8% | — | — | 2675.8% | 6447.6% | 11664.5% | 11561.7% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $525000 | $525000 | $525000 | $525000 | $525000 | $525000 | $525000 | $0 | $0 | $0 |
Regulatory cost recovery lag
As reported in financial statements, TVC's ROE has fluctuated significantly, ranging from a negative 3.6% in 2024Q4 to a peak of 2.6% in 2023Q4, illustrating the inherent instability of a federal entity reliant on regulatory accounting to manage its capital-intensive generation fleet.
The erratic ROE performance suggests that the entity's profitability is highly sensitive to non-recurring charges and the timing of fuel cost recoveries. Investors should monitor whether the current strained profitability levels can support the necessary capital expenditures required for long-term infrastructure maintenance.
According to recent SEC filings, the efficiency ratio reached -75.9% in 2025Q4, a stark departure from the 20% to 24% range maintained throughout the prior two years, reflecting the impact of non-recurring charges on the entity's ability to manage operating expenses relative to revenue.
This extreme volatility in the efficiency ratio indicates that traditional cost-control metrics may be obscured by regulatory accounting entries under ASC 980. The negative trend suggests that operational leverage is currently under significant pressure, warranting further investigation into the underlying cost structure.
Based on the provided quarterly data, the equity-to-assets ratio has remained remarkably stable at approximately 0.30 since 2023Q3, suggesting that management is maintaining a consistent capital structure despite the significant volatility observed in net income and the recent surge in provision expenses.
While the stable equity-to-assets ratio implies a disciplined approach to capital structure, the lack of growth in this metric may limit the entity's capacity for future capital returns or large-scale infrastructure investment. The reliance on debt to fund operations appears to be a binding constraint on financial flexibility.
As indicated by the data, the entity's net income swung from a $408 million profit in 2025Q2 to a $745 million loss by 2025Q4, demonstrating that the reliance on regulatory accounting under ASC 980 may be masking the true volatility of the underlying cash-generating operations.
The most commonly misapplied metric for TVC is the P/E ratio, which is fundamentally meaningless for a federal corporation without equity and subject to regulatory accounting. Analysts should instead focus on the debt service coverage ratio and cash flow from operations to assess the entity's true financial health.
Includes 30+ ratios · 21 years · Updated daily
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10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TVC stock.
Tennessee Valley Authority's current P/E ratio is 0.0x. The historical average is 0.0x.
Tennessee Valley Authority's current EV/EBITDA is 0.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.0x.
Based on historical data, Tennessee Valley Authority is trading at a P/E of 0.0x. Compare with industry peers and growth rates for a complete picture.
Tennessee Valley Authority has 18.8% operating margin. Operating margin between 10-20% is typical for established companies.
Tennessee Valley Authority's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.