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Top 5 Companies in the Electric Utilities Industry With the Highest P/E Ratio (GXP, PNM, NEE, MGEE, EE)

By Amy Schwartz

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. Pnm Resources is next with a a P/E ratio of 43.16. Nextera Energy ranks third highest with a a P/E ratio of 37.64.

Mge Energy Inc follows with a a P/E ratio of 30.18, and El Paso Electric rounds out the top five with a a P/E ratio of 28.81.

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 el paso electric