Latest Ratios: P/E Ratio 30.3x · EV/EBITDA 5.0x · ROE 1.9%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $859M | $782M | $406M | $658M | — | — | — |
| Enterprise Value | $2.1B | $1.7B | $942M | $620M | $857M | — | — | — |
| P/E Ratio → | 30.30 | 21.91 | 23.82 | 13.33 | 8.21 | — | — | — |
| P/S Ratio | 1.01 | 0.70 | 0.92 | 0.35 | 0.27 | — | — | — |
| P/B Ratio | 0.53 | 0.39 | 0.41 | 0.22 | 0.39 | — | — | — |
| P/FCF | — | — | 5.96 | — | 6.22 | — | — | — |
| P/OCF | 2.83 | 1.95 | 3.20 | 1.75 | 2.92 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.42 | 1.11 | 0.53 | 0.35 | — | — | — |
| EV / EBITDA | 4.96 | 4.06 | 2.98 | 1.90 | 2.71 | — | — | — |
| EV / EBIT | 7.09 | 6.05 | 4.38 | 2.94 | 5.11 | — | — | — |
| EV / FCF | — | — | 7.18 | — | 8.10 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.2% | 32.2% | 47.9% | 35.6% | 10.5% | 22.6% | 40.9% | 38.5% |
| Operating Margin | 24.5% | 24.5% | 25.3% | 18.2% | 7.5% | 15.7% | 30.9% | 32.0% |
| Net Profit Margin | 3.2% | 3.2% | 3.9% | 2.6% | 1.1% | 4.6% | 9.0% | 10.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | 1.8% | 1.7% | 1.9% | 4.6% | 5.1% | 7.4% |
| ROA | 1.1% | 1.1% | 1.1% | 1.1% | 1.0% | 1.7% | 1.8% | 2.6% |
| ROIC | 8.7% | 8.7% | 7.9% | 8.1% | 7.3% | 5.3% | 5.0% | 6.7% |
| ROCE | 9.3% | 9.3% | 8.1% | 8.2% | 8.4% | 6.9% | 6.6% | 8.8% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.64 | 0.64 | 0.37 | 0.43 | 0.42 | 1.01 | 1.75 | 1.69 |
| Debt / EBITDA | 3.32 | 3.32 | 2.21 | 2.36 | 2.27 | 3.80 | 5.40 | 4.53 |
| Net Debt / Equity | — | 0.40 | 0.08 | 0.12 | 0.12 | 0.94 | 1.63 | 1.61 |
| Net Debt / EBITDA | 2.07 | 2.07 | 0.51 | 0.65 | 0.63 | 3.53 | 5.03 | 4.33 |
| Debt / FCF | — | — | 1.22 | — | 1.88 | 8.96 | 18.57 | 11.37 |
| Interest Coverage | 3.07 | 3.07 | 3.52 | 3.14 | 2.82 | 1.77 | 1.52 | 1.61 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.43 | 2.43 | 3.49 | 3.43 | 2.10 | 0.94 | 0.87 | 0.63 |
| Quick Ratio | 2.34 | 2.34 | 3.38 | 3.42 | 1.66 | 0.74 | 0.76 | 0.60 |
| Cash Ratio | 1.75 | 1.75 | 2.69 | 2.81 | 1.35 | 0.16 | 0.47 | 0.36 |
| Asset Turnover | — | 0.30 | 0.30 | 0.41 | 0.86 | 0.36 | 0.19 | 0.26 |
| Inventory Turnover | 30.76 | 30.76 | 18.53 | 253.41 | 12.75 | 6.55 | 11.39 | 63.92 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 1.0% | 3.3% | 0.6% | 0.8% | — | — | — |
| Payout Ratio | 21.7% | 21.7% | 78.8% | 8.6% | 20.6% | — | 19.6% | 1.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 4.6% | 4.2% | 7.5% | 12.2% | — | — | — |
| FCF Yield | — | — | 16.8% | — | 16.1% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 6.4% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.7% | 1.0% | 9.7% | 0.7% | 0.8% | — | — | — |
| Shares Outstanding | — | $31M | $26M | $26M | $26M | $24M | $24M | $24M |
Sovereign credit and liquidity
According to current market data, Excelerate Energy trades at a forward P/E of 24.56, which appears disconnected from traditional utility valuation benchmarks given the absence of a clear regulatory allowed return to anchor the stock's price-to-earnings multiple against prevailing interest rate environments.
The lack of a stable P/E history suggests investors are struggling to classify EE as either a high-growth energy infrastructure play or a defensive utility. The current dividend yield of 0.7% is insufficient to attract income-focused utility investors, implying that the market is pricing the equity for growth rather than yield-based stability.
Based on reported financial statements, the company maintains a debt-to-capital ratio of 0.39 as of 2026Q1, indicating a disciplined approach to balance sheet management that provides necessary flexibility for funding capital-intensive floating regasification projects in high-barrier emerging markets.
The interest coverage ratio, which stood at 2.97 in 2026Q1, suggests that while the company is not over-leveraged, its ability to service debt is sensitive to the volatility of its operating cash flows. Investors should monitor whether this conservative capital structure is maintained as the company pursues further fleet expansion.
As indicated by the reported figures, the dividend payout ratio has fluctuated wildly, reaching 76.7% in 2024Q2 before dropping to 0.0% in 2026Q1, which suggests that the dividend is not yet a reliable, recurring return component for shareholders.
The erratic payout behavior implies that management prioritizes internal capital allocation for fleet growth over consistent shareholder distributions. This lack of a predictable dividend policy reinforces the view that EE currently functions more like a project-based infrastructure developer than a mature, dividend-paying utility.
The most commonly misapplied ratio for Excelerate Energy is the standard P/E multiple, which obscures the company's underlying commodity-linked revenue volatility and the non-recurring nature of its infrastructure project cycles, leading to potentially flawed comparisons with stable, rate-regulated electric or water utilities.
Using a standard P/E ratio ignores the significant impact of pass-through LNG sales on the top line, which can artificially inflate revenue and distort earnings quality. Analysts should instead focus on EV/EBITDA or cash flow-based metrics that account for the specific duration and credit quality of the company's long-term Gas Sales Agreements.
Includes 30+ ratios · 7 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying EE stock.
Excelerate Energy, Inc.'s current P/E ratio is 30.3x. The historical average is 16.8x. This places it at the 100th percentile of its historical range.
Excelerate Energy, Inc.'s current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.9x.
Excelerate Energy, Inc.'s return on equity (ROE) is 1.9%. The historical average is 3.5%.
Based on historical data, Excelerate Energy, Inc. is trading at a P/E of 30.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Excelerate Energy, Inc.'s current dividend yield is 0.72% with a payout ratio of 21.7%.
Excelerate Energy, Inc. has 32.2% gross margin and 24.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Excelerate Energy, Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.