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Highest P/E Ratio in the Electric Utilities Industry Detected in Shares of Great Plains Ene (GXP, PNM, NEE, MGEE, OTTR)

By Shiri Gupta

Below are the three companies in the Electric Utilities industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.

Great Plains Ene ranks highest with a a P/E ratio of 49.53. Following is Pnm Resources with a a P/E ratio of 46.91. Nextera Energy ranks third highest with a a P/E ratio of 35.22.

Mge Energy Inc follows with a a P/E ratio of 34.83, and Otter Tail Corp rounds out the top five with a a P/E ratio of 29.74.

SmarTrend is tracking the current trend status for Great Plains Ene and will alert subscribers who have GXP in their portfolio or watchlist when shares have changed trend direction.

Keywords: highest p/e ratio great plains ene pnm resources nextera energy mge energy inc otter tail corp