Latest Ratios: P/E Ratio 6.6x · EV/EBITDA 7.3x · ROE 24.6%. (1996–2025 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 | $29.1B | $23.1B | $31.0B | $27.5B | $24.4B | $25.9B | $23.5B | $25.7B | $18.5B | $20.7B | $23.8B |
| Enterprise Value | $71.6B | $65.5B | $68.5B | $62.5B | $56.5B | $55.1B | $47.6B | $45.2B | $33.8B | $34.2B | $36.1B |
| P/E Ratio → | 6.56 | 5.20 | 24.12 | 22.99 | 39.76 | 34.13 | 31.73 | 20.00 | — | 36.77 | 18.13 |
| P/S Ratio | 1.51 | 1.20 | 1.76 | 1.68 | 1.42 | 1.74 | 1.73 | 2.08 | 1.46 | 1.68 | 2.00 |
| P/B Ratio | 1.51 | 1.20 | 1.75 | 1.53 | 1.39 | 1.46 | 1.47 | 1.66 | 1.46 | 1.50 | 1.67 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 5.02 | 3.98 | 6.18 | 8.09 | 7.58 | 2357.73 | 18.60 | — | 5.83 | 5.77 | 7.30 |
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 | — | 3.39 | 3.89 | 3.82 | 3.28 | 3.70 | 3.50 | 3.66 | 2.67 | 2.77 | 3.04 |
| EV / EBITDA | 7.25 | 6.64 | 11.68 | 11.68 | 13.74 | 14.63 | 14.69 | 12.66 | 24.35 | 9.57 | 8.68 |
| EV / EBIT | 10.09 | 11.98 | 19.97 | 19.98 | 30.88 | 32.13 | 32.39 | 22.98 | — | 21.52 | 16.64 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
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 | 57.8% | 57.8% | 41.0% | 41.1% | 35.5% | 38.4% | 37.1% | 36.4% | 35.2% | 37.7% | 37.7% |
| Operating Margin | 36.7% | 36.7% | 16.6% | 16.1% | 8.6% | 9.9% | 9.0% | 14.4% | -4.4% | 11.8% | 17.4% |
| Net Profit Margin | 23.6% | 23.6% | 8.8% | 8.6% | 4.8% | 6.2% | 6.4% | 11.4% | -2.4% | 5.6% | 12.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.6% | 24.6% | 8.7% | 7.9% | 4.7% | 5.5% | 5.5% | 10.0% | -2.3% | 4.9% | 10.4% |
| ROA | 5.1% | 5.1% | 1.8% | 1.8% | 1.1% | 1.3% | 1.3% | 2.3% | -0.6% | 1.3% | 2.8% |
| ROIC | 9.1% | 9.1% | 4.1% | 3.8% | 2.3% | 2.5% | 2.4% | 4.2% | -1.5% | 4.1% | 6.0% |
| ROCE | 8.8% | 8.8% | 3.9% | 3.7% | 2.2% | 2.4% | 2.1% | 3.2% | -1.1% | 3.2% | 4.5% |
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 | 2.21 | 2.21 | 2.13 | 1.97 | 1.89 | 1.66 | 1.51 | 1.26 | 1.22 | 1.05 | 0.88 |
| Debt / EBITDA | 4.32 | 4.32 | 6.43 | 6.60 | 8.04 | 7.84 | 7.46 | 5.48 | 11.12 | 4.06 | 3.00 |
| Net Debt / Equity | — | 2.20 | 2.12 | 1.95 | 1.84 | 1.64 | 1.51 | 1.26 | 1.21 | 0.97 | 0.87 |
| Net Debt / EBITDA | 4.30 | 4.30 | 6.40 | 6.54 | 7.82 | 7.74 | 7.43 | 5.46 | 11.01 | 3.76 | 2.97 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 3.56 | 3.56 | 1.84 | 1.94 | 1.57 | 1.85 | 1.63 | 2.34 | -0.48 | 2.49 | 3.74 |
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 | 0.73 | 0.73 | 0.85 | 0.79 | 0.68 | 0.64 | 0.49 | 0.64 | 0.62 | 0.53 | 0.36 |
| Quick Ratio | 0.68 | 0.68 | 0.78 | 0.73 | 0.64 | 0.59 | 0.45 | 0.58 | 0.57 | 0.49 | 0.32 |
| Cash Ratio | 0.01 | 0.01 | 0.02 | 0.04 | 0.09 | 0.05 | 0.01 | 0.01 | 0.03 | 0.15 | 0.02 |
| Asset Turnover | — | 0.21 | 0.21 | 0.20 | 0.22 | 0.20 | 0.20 | 0.19 | 0.22 | 0.23 | 0.23 |
| Inventory Turnover | 15.23 | 15.23 | 19.30 | 18.26 | 23.42 | 21.87 | 21.09 | 21.59 | 29.09 | 31.74 | 30.94 |
| 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 | 4.4% | 5.5% | 3.9% | 4.0% | 4.3% | 3.8% | 3.9% | 3.1% | 4.3% | 3.4% | 2.6% |
| Payout Ratio | 28.0% | 28.0% | 77.5% | 79.0% | 127.4% | 106.8% | 106.5% | 57.7% | — | 102.6% | 43.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 15.2% | 19.2% | 4.1% | 4.4% | 2.5% | 2.9% | 3.2% | 5.0% | — | 2.7% | 5.5% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 5.8% | 7.3% | 2.8% | 1.1% | 0.0% | 0.0% | 1.3% | 0.0% | 0.0% | 2.3% | 0.5% |
| Total Shareholder Yield | 10.2% | 12.9% | 6.6% | 5.1% | 4.3% | 3.8% | 5.3% | 3.1% | 4.3% | 5.7% | 3.2% |
| Shares Outstanding | — | $385M | $388M | $385M | $383M | $380M | $374M | $341M | $326M | $328M | $330M |
Wildfire liability and regulatory lag
According to current market data, EIX trades at a TTM P/E of 6.55 and a forward P/E of 12.36, suggesting that investors are heavily discounting the stock relative to broader utility peers due to persistent concerns regarding California's wildfire-related litigation and the associated regulatory environment.
The significant spread between trailing and forward multiples indicates that the market anticipates a recovery in earnings power, likely tied to the new General Rate Case cycle. However, the low valuation may also imply that the market remains skeptical of the company's ability to consistently achieve its authorized ROE without further balance sheet dilution.
Based on reported financial figures, EIX's quarterly ROE has fluctuated between 0.3% and 9.6% over the last ten quarters, which suggests that the utility frequently struggles to earn its authorized return due to the timing of cost recovery and the impact of non-recurring wildfire-related charges.
This inconsistency in earned returns highlights the inherent difficulty in matching capital expenditures with timely regulatory rate adjustments. Investors should monitor whether the 2025-2028 GRC cycle provides a more predictable path to closing the gap between actual performance and the CPUC-authorized return levels.
As reported in recent financial statements, EIX maintains a debt-to-capital ratio consistently near 0.68, indicating a high degree of financial leverage that is necessary to fund the massive grid hardening and electrification initiatives required by the state's long-term climate goals and infrastructure mandates.
The utility's reliance on debt financing appears to be a structural necessity rather than a choice, given the scale of its capital program. This leverage profile leaves the company vulnerable to interest rate volatility and potential credit rating pressure if wildfire-related liabilities exceed the protections afforded by the AB 1054 fund.
Based on the provided data, the dividend payout ratio has shown extreme volatility, ranging from 5.7% to 79.9% in recent quarters, which suggests that dividend coverage is highly sensitive to the timing of regulatory cash inflows and the company's ongoing, capital-intensive infrastructure investment requirements.
The erratic nature of the payout ratio indicates that the dividend is not yet supported by a consistent surplus of free cash flow. Consequently, the 4.4% dividend yield may be viewed by the market as a reflection of higher risk rather than a stable income stream.
The most commonly misapplied metric for EIX is the standard P/E ratio, which fails to account for the massive regulatory assets and non-cash wildfire accruals that distort net income, thereby obscuring the utility's true underlying earnings power and its ability to generate sustainable cash flow.
Analysts should instead focus on the Price-to-Rate-Base or EV-to-Rate-Base, as these metrics better capture the value of the regulated assets that drive long-term growth. Relying on P/E in a sector defined by regulatory accounting and pass-through costs often leads to an incomplete assessment of the company's fundamental valuation.
Includes 30+ ratios · 30 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 EIX stock.
Edison International's current P/E ratio is 6.6x. The historical average is 17.0x. This places it at the 12th percentile of its historical range.
Edison International's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
Edison International's return on equity (ROE) is 24.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 8.6%.
Based on historical data, Edison International is trading at a P/E of 6.6x. This is at the 12th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Edison International's current dividend yield is 4.37% with a payout ratio of 28.0%.
Edison International has 57.8% gross margin and 36.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Edison International's Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.