Latest Ratios: P/E Ratio 0.0x · EV/EBITDA 7.9x · ROE 8.0%. (2012–2025 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 | $1M | $3M | $44M | $183M | $324M | $707M | $577M | — | — | — | — |
| Enterprise Value | $7.3B | $696.6B | $691.9B | $628.8B | $498.7B | $420.0B | $331.5B | — | — | — | — |
| P/E Ratio → | 0.01 | 0.00 | 0.01 | 0.05 | — | — | — | — | — | — | — |
| P/S Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | — | — | — | — |
| P/B Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | — | — | — | — |
| P/FCF | — | — | — | — | — | — | 0.08 | — | — | — | — |
| P/OCF | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | — | — | — | — |
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 | — | 5.01 | 7.13 | 7.73 | 6.38 | 7.08 | 6.88 | — | — | — | — |
| EV / EBITDA | 7.88 | 7.88 | 9.53 | 9.90 | 8.55 | 8.76 | 7.90 | — | — | — | — |
| EV / EBIT | 11.55 | 11.55 | 11.45 | 12.29 | 12.00 | 17.35 | 10.83 | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | 43.63 | — | — | — | — |
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 | 58.5% | 58.5% | 91.1% | 95.3% | 91.1% | 99.5% | 99.1% | 98.9% | 99.8% | 97.9% | 100.0% |
| Operating Margin | 43.4% | 43.4% | 53.5% | 56.5% | 54.2% | 57.6% | 62.1% | 66.9% | 72.7% | 57.7% | 58.9% |
| Net Profit Margin | 7.9% | 7.9% | 3.9% | 4.2% | -6.2% | -27.1% | -16.2% | -5.6% | 6.1% | 1.2% | 2.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | 3.0% | 2.8% | -3.9% | -16.8% | -10.9% | -3.5% | 3.5% | 0.5% | 0.7% |
| ROA | 1.1% | 1.1% | 0.4% | 0.4% | -0.7% | -2.8% | -1.6% | -0.6% | 0.7% | 0.1% | 0.2% |
| ROIC | 5.4% | 5.4% | 4.9% | 5.0% | 5.5% | 5.4% | 5.5% | 6.2% | 7.2% | 4.7% | 4.8% |
| ROCE | 8.2% | 8.2% | 6.9% | 6.7% | 7.2% | 7.0% | 7.0% | 8.5% | 9.9% | 6.3% | 6.2% |
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 | 5.40 | 5.40 | 5.59 | 5.39 | 4.53 | 3.54 | 5.43 | 4.53 | 3.80 | 3.19 | 2.12 |
| Debt / EBITDA | 8.65 | 8.65 | 10.09 | 10.32 | 9.20 | 9.34 | 8.38 | 8.18 | 7.10 | 11.19 | 10.49 |
| Net Debt / Equity | — | 4.92 | 5.28 | 5.17 | 4.21 | 3.32 | 5.11 | 4.36 | 3.67 | 3.01 | 1.65 |
| Net Debt / EBITDA | 7.88 | 7.88 | 9.53 | 9.90 | 8.55 | 8.74 | 7.89 | 7.88 | 6.85 | 10.54 | 8.13 |
| Debt / FCF | — | — | — | — | — | — | 43.55 | — | — | — | — |
| Interest Coverage | 0.93 | 0.93 | 100.96 | 1.19 | 76.00 | 45.77 | 64.43 | 0.98 | 1.19 | — | — |
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 | 0.42 | 0.42 | 0.60 | 0.74 | 0.95 | 1.34 | 1.52 | 1.61 | 0.88 | 0.92 | 1.02 |
| Quick Ratio | 0.37 | 0.37 | 0.58 | 0.72 | 0.94 | 1.33 | 1.50 | 1.60 | 0.87 | 0.92 | 1.02 |
| Cash Ratio | 0.24 | 0.24 | 0.41 | 0.56 | 0.70 | 0.78 | 0.78 | 0.84 | 0.44 | 0.46 | 0.78 |
| Asset Turnover | — | 0.13 | 0.10 | 0.09 | 0.10 | 0.09 | 0.10 | 0.10 | 0.11 | 0.07 | 0.06 |
| Inventory Turnover | 4.35 | 4.35 | 2.06 | 2.28 | 5.83 | 0.40 | 0.51 | 0.87 | 0.11 | 3.41 | 0.29 |
| 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 | — | — | — | — | — | 100.0% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 100.0% | 386363.6% | 9100.0% | 1984.0% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | 1316.9% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 100.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 100.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $369M | $366M | $366M | $377M | $399M | $401M | $401M | $401M | $346M | $300M |
High interest rate sensitivity
As reported in recent financial filings, the company's P/E ratio of 0.01 reflects extreme earnings instability, making traditional valuation multiples largely irrelevant for assessing the firm's true market value compared to global renewable peers like Brookfield Renewable Partners or Clearway Energy.
The lack of a meaningful forward P/E suggests that the market is currently unable to anchor valuation to sustainable earnings power. Investors should monitor whether the company can transition from project-based accounting to a more predictable, utility-like earnings stream to justify a valuation premium.
Based on quarterly data, the return on equity has fluctuated significantly, reaching a low of -5.3% in 2023Q3 and only 0.6% in 2025Q4, which indicates a persistent inability to consistently exceed the cost of capital required for large-scale renewable infrastructure projects.
This volatility suggests that regulatory lag or project-specific execution hurdles are preventing the company from achieving the constructive ROE outcomes typical of regulated utilities. The gap between these earned returns and the expected cost of equity warrants further investigation into the company's long-term profitability targets.
According to the provided balance sheet data, the debt-to-capital ratio has remained elevated at approximately 0.84 to 0.85 over the last ten quarters, signaling a highly leveraged capital structure that leaves little room for operational error in a rising interest rate environment.
The reliance on debt to fund capacity expansion is clearly visible in the interest coverage ratio, which dropped to 0.59 in 2025Q4. This indicates that the company's ability to service its debt obligations is increasingly strained, potentially limiting future financial flexibility.
As indicated by the financial data, the most commonly misapplied metric for this utility is the standard P/E ratio, which fails to account for the heavy non-cash depreciation and interest expenses inherent in the company's capital-intensive renewable energy business model.
Using P/E obscures the underlying cash-generating capability of the assets, as it ignores the significant impact of project-level financing and accounting adjustments. Analysts should instead focus on EV/EBITDA or cash flow-based metrics to better understand the true valuation of the firm's operating portfolio.
Includes 30+ ratios · 13 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RNWWW stock.
ReNew Energy Global plc's current P/E ratio is 0.0x. The historical average is 0.0x. This places it at the 67th percentile of its historical range.
ReNew Energy Global plc's current EV/EBITDA is 7.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
ReNew Energy Global plc's return on equity (ROE) is 8.0%. The historical average is -1.0%.
Based on historical data, ReNew Energy Global plc is trading at a P/E of 0.0x. This is at the 67th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ReNew Energy Global plc has 58.5% gross margin and 43.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
ReNew Energy Global plc's Debt/EBITDA ratio is 8.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.