Latest Ratios: P/E Ratio 29.1x · EV/EBITDA 14.8x · ROE 10.9%. (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 | $52.1B | $41.6B | $32.7B | $21.5B | $23.1B | $22.7B | $20.1B | $23.6B | $15.8B | $14.7B | $13.1B |
| Enterprise Value | $83.0B | $72.5B | $61.2B | $47.9B | $49.9B | $49.7B | $42.5B | $43.3B | $33.4B | $30.6B | $27.2B |
| P/E Ratio → | 29.11 | 23.64 | 30.95 | 9.12 | 20.91 | 20.34 | 14.47 | 19.02 | 18.55 | 35.70 | — |
| P/S Ratio | 4.03 | 3.21 | 2.75 | 1.77 | 1.68 | 1.94 | 1.99 | 2.17 | 1.43 | 1.33 | 1.21 |
| P/B Ratio | 2.97 | 2.41 | 2.12 | 1.44 | 1.74 | 1.91 | 1.80 | 2.25 | 1.74 | 1.79 | 1.59 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 10.12 | 8.08 | 7.29 | 5.00 | 8.94 | 9.89 | 7.46 | 8.38 | 6.62 | 5.60 | 4.38 |
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 | — | 5.60 | 5.15 | 3.94 | 3.63 | 4.23 | 4.20 | 3.98 | 3.04 | 2.76 | 2.51 |
| EV / EBITDA | 14.85 | 12.97 | 12.01 | 9.85 | 11.77 | 12.15 | 10.56 | 12.12 | 13.32 | 8.90 | 20.82 |
| EV / EBIT | 27.18 | 20.09 | 23.59 | 17.89 | 24.40 | 23.16 | 20.53 | 23.65 | 62.72 | 18.76 | — |
| 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 | 29.9% | 29.9% | 48.3% | 43.9% | 38.3% | 41.5% | 44.1% | 38.4% | 33.6% | 37.7% | 14.3% |
| Operating Margin | 23.6% | 23.6% | 22.3% | 21.6% | 14.9% | 15.7% | 17.5% | 12.8% | 4.3% | 12.3% | -7.5% |
| Net Profit Margin | 13.7% | 13.7% | 8.9% | 19.4% | 8.0% | 9.5% | 13.9% | 11.6% | 7.8% | 3.8% | -5.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.9% | 10.9% | 7.0% | 16.7% | 8.7% | 9.7% | 13.0% | 12.9% | 10.0% | 5.2% | -6.3% |
| ROA | 2.6% | 2.6% | 1.7% | 4.0% | 1.9% | 1.9% | 2.6% | 2.5% | 1.8% | 0.9% | -1.2% |
| ROIC | 5.0% | 5.0% | 4.7% | 4.8% | 3.9% | 3.8% | 4.2% | 3.7% | 1.4% | 4.4% | -2.8% |
| ROCE | 5.0% | 5.0% | 4.7% | 5.0% | 3.9% | 3.5% | 3.6% | 3.1% | 1.1% | 3.2% | -1.9% |
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 | 1.80 | 1.80 | 1.90 | 1.77 | 2.03 | 2.29 | 2.16 | 1.92 | 2.00 | 2.04 | 1.84 |
| Debt / EBITDA | 5.53 | 5.53 | 5.75 | 5.46 | 6.37 | 6.69 | 6.01 | 5.63 | 7.22 | 4.85 | 11.68 |
| Net Debt / Equity | — | 1.79 | 1.85 | 1.77 | 2.02 | 2.26 | 2.01 | 1.88 | 1.95 | 1.94 | 1.70 |
| Net Debt / EBITDA | 5.53 | 5.53 | 5.58 | 5.43 | 6.32 | 6.59 | 5.57 | 5.51 | 7.03 | 4.62 | 10.77 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.70 | 2.70 | 2.25 | 2.66 | 2.07 | 2.57 | 2.64 | 2.47 | 0.75 | 2.46 | -1.07 |
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 | 0.70 | 0.52 | 0.51 | 0.51 | 0.62 | 0.51 | 0.50 | 0.61 | 1.07 |
| Quick Ratio | 0.50 | 0.50 | 0.41 | 0.27 | 0.30 | 0.32 | 0.46 | 0.34 | 0.34 | 0.43 | 0.80 |
| Cash Ratio | 0.25 | 0.25 | 0.14 | 0.02 | 0.04 | 0.07 | 0.25 | 0.08 | 0.09 | 0.16 | 0.37 |
| Asset Turnover | — | 0.18 | 0.18 | 0.20 | 0.23 | 0.20 | 0.17 | 0.21 | 0.23 | 0.24 | 0.24 |
| Inventory Turnover | 4.93 | 4.93 | 3.42 | 4.23 | 6.38 | 5.74 | 4.98 | 6.90 | 8.40 | 7.61 | 10.59 |
| 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 | 2.1% | 2.6% | 3.0% | 4.3% | 3.6% | 3.4% | 3.7% | 3.0% | 4.1% | 4.3% | 4.7% |
| Payout Ratio | 60.6% | 60.6% | 92.5% | 38.9% | 76.7% | 69.3% | 53.2% | 56.6% | 75.1% | 147.9% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 4.2% | 3.2% | 11.0% | 4.8% | 4.9% | 6.9% | 5.3% | 5.4% | 2.8% | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.3% | 0.1% | 0.9% |
| Total Shareholder Yield | 2.1% | 2.6% | 3.0% | 4.3% | 3.6% | 3.4% | 3.7% | 3.2% | 4.4% | 4.4% | 5.5% |
| Shares Outstanding | — | $450M | $432M | $425M | $411M | $404M | $402M | $394M | $367M | $361M | $358M |
Regulatory lag and storm recovery
With a TTM P/E of 29.64 and a dividend yield of 2.1%, Entergy trades at a significant valuation premium compared to peers like Duke Energy, suggesting that the market may be pricing in aggressive industrial load growth expectations despite the company's persistent regulatory and operational headwinds.
The elevated P/E ratio appears to reflect investor optimism regarding the electrification of the Gulf Coast industrial corridor rather than current earnings power. Investors should monitor whether this valuation holds if regulatory commissions in Louisiana and Mississippi continue to challenge the recovery of storm-related capital expenditures.
As reported in quarterly financial data, Entergy's ROE has fluctuated between 0.3% and 6.8% over the last ten quarters, indicating that the company frequently struggles to achieve its authorized returns due to the timing of cost recovery and ongoing operational scrutiny at the Grand Gulf facility.
This wide variance in earned ROE suggests that the regulatory compact is currently under stress, with non-recurring charges and storm-related deferrals creating a disconnect between allowed and actual profitability. Such instability warrants caution, as it may imply that future rate cases will face increased resistance from state commissions.
Based on reported figures, Entergy maintains a debt-to-capital ratio consistently near 0.65, which reflects a highly leveraged capital structure necessitated by the company's aggressive multi-billion dollar grid-hardening and infrastructure investment cycle across its regulated utility territories in the U.S. Gulf Coast region.
The persistent reliance on debt to fund capital expenditures appears to limit financial flexibility, particularly as interest coverage ratios have shown significant volatility. This leverage profile suggests that the company is vulnerable to further credit rating pressure if storm-related securitization timelines are extended by regulators.
According to recent financial statements, the dividend payout ratio has exhibited extreme volatility, ranging from 3.1% to 120.4% over the last ten quarters, which highlights that internal cash generation is often insufficient to simultaneously fund the company's massive capital expenditure program and maintain consistent shareholder distributions.
The inconsistency in payout levels suggests that the dividend is secondary to the capital-intensive requirements of the utility's infrastructure projects. Investors should monitor whether the company continues to rely on external financing to support its dividend, as this may indicate a long-term strain on cash flow quality.
The most commonly misapplied metric for Entergy is the standard P/E ratio, which fails to account for the significant distortion caused by regulatory assets and deferred storm costs that artificially depress earnings, thereby obscuring the company's true underlying cash-generating capacity and long-term regulatory recovery potential.
Analysts should instead focus on rate base growth and the timing of regulatory recovery mechanisms, as these are the primary drivers of utility value. Relying on P/E comparisons to non-utility sectors ignores the fundamental reality that Entergy's earnings are a function of regulatory approval rather than purely competitive market forces.
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 ETR stock.
Entergy Corporation's current P/E ratio is 29.1x. The historical average is 17.2x. This places it at the 93th percentile of its historical range.
Entergy Corporation's current EV/EBITDA is 14.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.4x.
Entergy Corporation's return on equity (ROE) is 10.9%. The historical average is 9.6%.
Based on historical data, Entergy Corporation is trading at a P/E of 29.1x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Entergy Corporation's current dividend yield is 2.10% with a payout ratio of 60.6%.
Entergy Corporation has 29.9% gross margin and 23.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Entergy Corporation's Debt/EBITDA ratio is 5.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.