Latest Ratios: P/E Ratio 5.5x · EV/EBITDA 2.4x · ROE 20.0%. (2004–2025 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 | $9.9B | $10.1B | $9.8B | $4.8B | $4.5B | $5.2B | $5.1B | $5.2B | $4.6B | $4.6B | $197M |
| Enterprise Value | $12.9B | $13.1B | $10.5B | $5.5B | $5.3B | $5.9B | $5.8B | $5.7B | $5.0B | $5.0B | $543M |
| P/E Ratio → | 5.47 | 5.72 | 9.26 | 21.06 | 71.29 | 159.94 | 102.20 | 96.85 | 86.21 | 106.75 | 4.11 |
| P/S Ratio | 0.76 | 0.78 | 0.82 | 5.72 | 4.55 | 6.72 | 8.11 | 7.51 | 6.39 | 6.46 | 0.30 |
| P/B Ratio | 0.57 | 0.60 | 14.03 | 5.99 | 6.46 | 8.09 | 8.47 | 10.35 | 10.30 | 11.13 | 0.44 |
| P/FCF | 15.75 | 16.04 | — | 120.29 | — | — | — | — | — | 316.13 | — |
| P/OCF | 15.75 | 16.04 | 11.88 | 23.80 | 12.49 | 65.55 | 80.25 | 44.56 | 26.69 | 36.19 | 0.96 |
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 | — | 1.01 | 0.88 | 6.54 | 5.34 | 7.70 | 9.13 | 8.33 | 7.04 | 7.02 | 0.82 |
| EV / EBITDA | 2.45 | 2.48 | 2.25 | 36.03 | 26.88 | 42.86 | 45.08 | 45.80 | 38.80 | 33.67 | 3.56 |
| EV / EBIT | 4.04 | 3.56 | 3.97 | 72.21 | 41.51 | 82.78 | 82.95 | 78.81 | 64.41 | 52.17 | 5.38 |
| EV / FCF | — | 20.87 | — | 137.44 | — | — | — | — | — | 343.75 | — |
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 | 66.8% | 66.8% | 68.5% | 33.8% | 28.2% | 26.6% | 29.6% | 29.4% | 28.9% | 30.0% | 31.4% |
| Operating Margin | 24.7% | 24.7% | 22.3% | 8.5% | 12.1% | 8.4% | 10.2% | 10.0% | 10.3% | 13.5% | 15.2% |
| Net Profit Margin | 13.6% | 13.6% | 8.9% | 27.1% | 6.4% | 4.1% | 7.8% | 7.7% | 7.4% | 6.1% | 7.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.0% | 20.0% | 140.3% | 30.3% | 9.6% | 5.1% | 8.9% | 11.2% | 12.4% | 10.1% | 11.7% |
| ROA | — | — | 48.9% | 10.6% | 2.9% | 1.6% | 2.7% | 3.2% | 3.5% | 2.9% | 3.5% |
| ROIC | 22.5% | 22.5% | 136.6% | 3.6% | 6.3% | 3.7% | 4.2% | 5.2% | 6.4% | 9.0% | 10.7% |
| ROCE | — | — | 138.1% | 3.9% | 6.4% | 3.5% | 3.9% | 4.6% | 5.3% | 7.0% | 8.2% |
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 | 0.18 | 0.18 | 1.07 | 0.85 | 1.12 | 1.25 | 1.07 | 1.14 | 1.09 | 1.05 | 1.01 |
| Debt / EBITDA | 0.57 | 0.57 | 0.16 | 4.49 | 3.97 | 5.77 | 5.07 | 4.55 | 3.72 | 2.93 | 2.94 |
| Net Debt / Equity | — | 0.18 | 1.03 | 0.85 | 1.11 | 1.18 | 1.07 | 1.13 | 1.04 | 0.97 | 0.77 |
| Net Debt / EBITDA | 0.57 | 0.57 | 0.15 | 4.49 | 3.95 | 5.46 | 5.07 | 4.51 | 3.57 | 2.71 | 2.27 |
| Debt / FCF | — | 4.83 | — | 17.14 | — | — | — | — | — | 27.62 | — |
| Interest Coverage | 2.61 | 2.61 | 2.20 | 0.07 | 0.14 | 0.08 | 0.08 | 0.09 | 0.10 | 0.14 | 0.14 |
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 | — | — | 0.83 | 0.60 | 0.96 | 0.97 | 0.71 | 0.61 | 0.85 | 1.39 | 1.73 |
| Quick Ratio | — | — | 0.83 | 0.47 | 0.88 | 0.88 | 0.60 | 0.53 | 0.77 | 1.30 | 1.65 |
| Cash Ratio | — | — | 0.14 | 0.00 | 0.01 | 0.17 | 0.00 | 0.03 | 0.13 | 0.26 | 0.84 |
| Asset Turnover | — | — | 5.34 | 0.40 | 0.45 | 0.36 | 0.33 | 0.40 | 0.46 | 0.48 | 0.45 |
| Inventory Turnover | — | — | — | 16.77 | 25.24 | 25.45 | 24.08 | 31.38 | 37.30 | 40.85 | 44.51 |
| 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 | — | — | 1.3% | 2.6% | — | — | — | — | 0.5% | 1.6% | 10.0% |
| Payout Ratio | — | — | 11.8% | 54.6% | — | — | — | — | 44.7% | 172.3% | 41.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 18.3% | 17.5% | 10.8% | 4.7% | 1.4% | 0.6% | 1.0% | 1.0% | 1.2% | 0.9% | 24.3% |
| FCF Yield | 6.3% | 6.2% | — | 0.8% | — | — | — | — | — | 0.3% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 1.3% | 2.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 1.6% | 10.0% |
| Shares Outstanding | — | $450M | $432M | $212M | $206M | $202M | $201M | $197M | $183M | $181M | $8M |
Regulatory and weather-related volatility
With a TTM P/E of 5.57 and a forward P/E of 12.45, ENO's valuation appears heavily discounted compared to broader utility peers, reflecting market skepticism regarding the consistency of future earnings and the potential for political intervention in the New Orleans regulatory environment as reported in recent financial data.
The significant spread between trailing and forward P/E multiples suggests that investors are pricing in substantial volatility in earnings power, likely tied to the timing of storm-related cost recovery. Given the utility's role as a bond proxy, the current valuation appears to be a function of perceived regulatory risk rather than fundamental growth expectations.
As evidenced by the wide variance in quarterly ROE, which swung from a negative 6.3% in 2024Q1 to a peak of 87.4% in 2024Q3, the company's ability to consistently earn its authorized return appears compromised by the timing of storm-related regulatory asset recognition and recovery.
This extreme fluctuation indicates that the utility's profitability is not currently driven by operational efficiency, but rather by the accounting treatment of non-recurring events. Investors should monitor whether future rate cases can stabilize these returns, as the current volatility complicates the assessment of long-term earnings power.
Based on reported figures, the debt-to-capital ratio has fluctuated significantly, reaching as high as 0.63 in 2025Q1, which suggests that the entity's leverage profile is highly sensitive to parent-level capital allocation decisions rather than independent market-based financing strategies typical of standalone regulated utilities.
The instability in interest coverage ratios, which have dipped into negative territory, warrants further investigation into the sustainability of the current debt load. The reliance on external capital to fund infrastructure suggests that the balance sheet remains vulnerable to shifts in credit market conditions or parent company support.
The most commonly misapplied metric for ENO is the standard P/E ratio, which fails to account for the distortive impact of regulatory asset accounting and storm-related cost deferrals that frequently inflate or deflate net income, thereby obscuring the true underlying cash-generating capacity of the regulated utility.
Analysts should instead focus on the rate base growth and the regulatory allowed ROE, as these are the primary drivers of long-term value in this specific municipal jurisdiction. Relying on P/E multiples in a utility with such high regulatory accounting volatility may lead to erroneous conclusions regarding the company's fundamental valuation.
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying ENO stock.
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066's current P/E ratio is 5.5x. The historical average is 66.3x. This places it at the 10th percentile of its historical range.
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066's current EV/EBITDA is 2.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.7x.
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066's return on equity (ROE) is 20.0%. The historical average is 64.7%.
Based on historical data, Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 is trading at a P/E of 5.5x. This is at the 10th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066 has 66.8% gross margin and 24.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Entergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 2066's Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.