Latest Ratios: P/E Ratio 103.8x · EV/EBITDA 28.2x · ROE 3.6%. (2006–2015 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $608M | — | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $608M | — | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | 103.85 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.37 | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 3.68 | — | — | — | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 852.22 | — | — | — | — | — | — | — | — | — | — |
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 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 28.20 | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 55.09 | — | — | — | — | — | — | — | — | — | — |
| 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 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.8% | 22.8% | 25.2% | 26.5% | 31.5% | 31.3% | 36.2% | 34.6% | 32.3% | 30.9% | 28.9% |
| Operating Margin | 2.5% | 2.5% | -3.9% | 3.2% | 1.2% | -0.8% | -2.0% | 3.0% | 5.4% | -6.8% | 9.7% |
| Net Profit Margin | 1.3% | 1.3% | -2.7% | 1.6% | 1.9% | 18.5% | 3.4% | 4.2% | 7.9% | -1.4% | 9.7% |
| Metric | TTM | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.6% | 3.6% | -4.4% | 3.3% | 2.8% | 24.4% | 4.0% | 5.7% | 0.0% | -0.0% | 20.2% |
| ROA | 1.9% | 1.9% | -2.7% | 2.1% | 2.0% | 18.4% | 2.9% | 3.9% | 0.0% | -0.0% | 13.0% |
| ROIC | 4.6% | 4.6% | -4.5% | 4.7% | 1.2% | -0.8% | -1.8% | 3.1% | 0.0% | -0.0% | 15.1% |
| ROCE | 6.0% | 6.0% | -5.4% | 5.5% | 1.6% | -1.0% | -2.2% | 3.8% | 0.0% | -0.0% | 20.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.12 | 0.01 | 0.03 | 0.03 | 0.01 | 0.01 | — | 0.00 | 0.00 |
| Debt / EBITDA | 0.86 | 0.86 | — | 0.12 | 0.42 | 1.53 | 0.99 | 0.14 | — | 0.01 | 0.00 |
| Net Debt / Equity | — | 0.00 | -0.10 | -0.31 | -0.15 | -0.19 | -0.09 | 0.01 | -0.33 | -0.48 | -0.27 |
| Net Debt / EBITDA | 0.01 | 0.01 | — | -3.08 | -2.45 | -8.77 | -9.25 | 0.14 | -2.60 | -19.23 | -1.25 |
| Debt / FCF | — | — | -17.64 | — | -34.94 | — | — | — | — | -1.98 | — |
| Interest Coverage | 9.67 | 9.67 | -4.66 | 6.18 | 5.67 | 39.62 | 3.09 | 9.66 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.51 | 1.51 | 1.83 | 2.72 | 2.48 | 3.86 | 3.39 | 2.86 | 2.36 | 1.80 | 2.23 |
| Quick Ratio | 1.51 | 1.51 | 1.83 | 2.72 | 2.48 | 3.86 | 3.39 | 2.86 | 2.36 | 1.80 | 2.23 |
| Cash Ratio | 0.12 | 0.12 | 0.39 | 0.83 | 0.48 | 1.01 | 0.36 | — | 0.78 | 0.56 | 0.50 |
| Asset Turnover | — | 1.32 | 0.97 | 1.05 | 1.02 | 0.91 | 0.82 | 0.93 | 1.25 | 0.00 | 1.34 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| 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 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.0% | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $23M | $22M | $20M | $19M | $19M | $66M | $48M | $16M | $16M | $16.5B |
High Operational Margin Volatility
Based on reported figures, the P/E ratio of 106.00 significantly exceeds typical utility sector benchmarks, suggesting that current market pricing implies aggressive growth expectations that are not supported by the entity's historical inability to maintain consistent profitability or positive free cash flow generation over the observed period.
The elevated P/E and EV/EBITDA of 28.78 appear disconnected from the underlying operational performance, which has been characterized by net losses and volatile margins. Investors should monitor whether this valuation reflects speculative interest in power infrastructure themes rather than a realistic assessment of the fund's capacity to deliver long-term earnings growth.
As reported in financial statements, the ROIC has trended from a peak of 2.1% in 2015Q4 to a negative 6.4% by 2016Q1, indicating that the entity is currently destroying shareholder value rather than compounding capital, a trend that warrants further investigation into the efficiency of its asset deployment.
The consistent decline in ROE and ROIC suggests that the business model struggles to generate returns above its cost of capital. This decay appears structural, as the entity has failed to demonstrate the margin expansion necessary to offset the volatility in its asset turnover ratios.
According to historical data, the asset turnover ratio has remained consistently low, fluctuating between 0.21 and 0.48, which suggests that the entity is not effectively utilizing its asset base to drive revenue, thereby limiting its ability to achieve the scale required for sustainable profitability in this sector.
The low asset turnover, when combined with the observed margin compression, implies that the entity lacks the operational leverage to improve its return profile. This inefficiency appears to be a persistent drag on performance, as the fund has not demonstrated an ability to optimize its asset utilization over the ten-quarter period.
Based on recent SEC filings, the debt-to-equity ratio has climbed to 0.11, which, while modest in absolute terms, represents a concerning shift toward increased leverage at a time when the entity's interest coverage has turned deeply negative, signaling potential risks to its long-term financial stability.
The deterioration in interest coverage, which reached negative 38.52 in 2016Q1, suggests that the entity's ability to service its obligations is becoming increasingly compromised. Investors should monitor the sustainability of this debt-funded approach, as the current cash burn rate may necessitate further financing in an unfavorable environment.
The most commonly misapplied metric for this business model is the dividend yield, which is currently unavailable, as investors often mistakenly evaluate this entity using traditional utility sector benchmarks that prioritize income stability over the high-growth, high-risk operational profile actually exhibited by the fund's historical financial data.
Applying standard utility valuation multiples to this entity obscures the reality of its negative cash flows and operational volatility. Analysts should instead focus on cash burn rates and the sustainability of the underlying asset base rather than relying on dividend-based valuation models that are inappropriate for this specific financial structure.
Includes 30+ ratios · 10 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 POWR stock.
iShares U.S. Power Infrastructure ETF's current P/E ratio is 103.8x. This places it at the 50th percentile of its historical range.
iShares U.S. Power Infrastructure ETF's current EV/EBITDA is 28.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
iShares U.S. Power Infrastructure ETF's return on equity (ROE) is 3.6%. The historical average is 6.0%.
Based on historical data, iShares U.S. Power Infrastructure ETF is trading at a P/E of 103.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
iShares U.S. Power Infrastructure ETF has 22.8% gross margin and 2.5% operating margin.
iShares U.S. Power Infrastructure ETF's Debt/EBITDA ratio is 0.9x, indicating low leverage. A ratio below 2x is generally considered financially healthy.