TXNM Energy, Inc. (TXNM) P/E Ratio History
Fairly ValuedTrading at 36.1x, near 5Y avg of 32.2x · 58th percentile · In line with own history · Data 2023–2026
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P/E Ratio Analysis
As of October 3, 2026, TXNM Energy, Inc. (TXNM) trades at a price-to-earnings ratio of 36.1x, with a stock price of $58.41 and trailing twelve-month earnings per share of $1.77.
The current P/E is 12% above its 5-year average of 32.2x. Over the past five years, TXNM's P/E has ranged from a low of 18.4x to a high of 42.0x, placing the current valuation at the 58th percentile of its historical range.
Compared to the Utilities sector median P/E of 17.9x, TXNM trades at a 102% premium to its sector peers. The sector includes 110 companies with P/E ratios ranging from 0.0x to 176.1x.
Relative to the broader market, TXNM commands a significant premium over the S&P 500 median P/E of 24.5x. 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 TXNM 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.
TXNM Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
TXNM P/E vs Peers
Vertically integrated electric utilities peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $12B | 19.0 | - | -4% | |
| $4B | 23.6 | - | -19% | |
| $3B | 14.8 | 3.22 | +4% | |
| $4B | 13.6Lowest | 0.59Best | -9% | |
| $7B | 22.5 | 4.79 | +7% | |
| $45B | 20.9 | 5.02 | -1% | |
| $28B | 18.7 | 2.11 | +21%Best | |
| $33B | 21.0 | 4.23 | +0% | |
| $18B | 21.6 | 3.54 | -3% | |
| $5B | 16.1 | 1.63 | -8% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
TXNM Historical P/E Data (2023–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $56.78 | $1.80 | 31.5x | -2% |
| FY2026 Q1 | - | $58.46 | $1.39 | 42.0x | +30% |
| FY2025 Q4 | Dec 31 2025 | $58.88 | $1.46 | 40.5x | +26% |
| FY2025 Q3 | - | $56.55 | $1.72 | 33.0x | +2% |
| FY2025 Q2 | Jun 30 2025 | $56.32 | $1.95 | 28.9x | -10% |
| FY2025 Q1 | Mar 31 2025 | $53.48 | $2.25 | 23.8x | -26% |
| FY2024 Q4 | - | $49.17 | $2.67 | 18.4x | -43% |
| FY2024 Q3 | Sep 30 2024 | $43.77 | $1.93 | 22.7x | -30% |
| FY2024 Q2 | Jun 30 2024 | $36.96 | $0.92 | 40.2x | +25% |
| FY2024 Q1 | Mar 31 2024 | $37.64 | $0.92 | 40.9x | +27% |
| FY2023 Q4 | Dec 31 2023 | $41.60 | $1.04 | 40.0x | +24% |
| FY2023 Q3 | Sep 30 2023 | $44.61 | $1.79 | 24.9x | -23% |
Average P/E for displayed period: 32.2x
TXNM 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.
TXNM — Frequently Asked Questions
Quick answers to the most common questions about buying TXNM stock.
What is TXNM's P/E ratio?
TXNM Energy, Inc. (TXNM) trailing twelve-month P/E ratio is 36.1x, based on TTM diluted EPS of $1.77. The 5-year average P/E is 32.2x and the historical range spans 18.4x to 42.0x.
Is TXNM stock overvalued or undervalued?
TXNM trades at 36.1x P/E, near its 5-year average of 32.2x. The 58th percentile ranking within the 18.4x–42.0x historical range places valuation within normal bounds.
Is TXNM stock expensive?
TXNM is fairly valued relative to its own history. The current P/E of 36.1x is near the 5-year average of 32.2x (58th percentile of historical range).
What is TXNM's historical P/E range?
Over the past 5 years, TXNM's P/E ratio has ranged from 18.4x to 42.0x, with a median of 33.0x and an average of 32.2x. The current P/E of 36.1x places the stock at the 58th percentile of this range. Full historical data spans 2023–2026.
How does TXNM's P/E compare to the S&P 500?
TXNM trades at 36.1x P/E versus the S&P 500 median of 24.5x. The 47% premium to the market typically reflects higher expected earnings growth or quality.
How does TXNM's valuation compare to Utilities peers?
TXNM Energy, Inc. P/E of 36.1x compares to the Utilities sector median of 17.9x. 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 TXNM's PEG ratio?
TXNM PEG ratio is N/A, based on a P/E of 36.1x and EPS growth of -39.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is TXNM's earnings yield?
TXNM earnings yield is 2.77%, the inverse of its 36.1x 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.