Latest Ratios: P/E Ratio 0.0x · EV/EBITDA 0.0x · ROE N/A. (2008–2025 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 | $12M | $12M | $12M | $11M | $11M | $14M | $14M | $13M | $13M | $13M | $14M |
| Enterprise Value | $61M | $61M | $444M | $21.1B | $21.3B | $22.2B | $23.3B | $24.2B | $25.2B | $27.1B | $27.6B |
| P/E Ratio → | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| P/S Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/FCF | 0.95 | 0.95 | — | — | 0.04 | 0.02 | 0.01 | 0.01 | 0.01 | 0.05 | 0.43 |
| P/OCF | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 | — | 0.00 | 0.04 | 1.75 | 1.70 | 2.12 | 2.27 | 2.14 | 2.24 | 2.53 | 2.60 |
| EV / EBITDA | 0.02 | 0.02 | 0.20 | 5.21 | 4.41 | 4.65 | 4.71 | 4.81 | 4.86 | 6.02 | 6.26 |
| EV / EBIT | 0.02 | — | 0.20 | 12.54 | 9.20 | 8.16 | 8.98 | 7.37 | 7.84 | 10.51 | 11.19 |
| EV / FCF | — | 4.72 | — | — | 70.09 | 23.69 | 14.11 | 15.68 | 14.64 | 100.43 | 861.64 |
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 | — | — | 40.1% | 37.4% | 40.6% | 46.6% | 49.5% | 48.6% | 50.0% | 46.3% | 44.1% |
| Operating Margin | 18.8% | 18.8% | 18.1% | 14.0% | 19.2% | 27.1% | 26.5% | 29.1% | 28.6% | 24.0% | 23.2% |
| Net Profit Margin | 9.9% | 9.9% | 9.2% | 4.1% | 8.8% | 14.4% | 13.2% | 12.5% | 10.0% | 6.4% | 11.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | 6.8% | 3.2% | 7.4% | 11.0% | 11.0% | 12.9% | 11.5% | 7.8% | 15.8% |
| ROA | — | — | 2.1% | 1.0% | 2.1% | 2.9% | 2.6% | 2.9% | 2.3% | 1.4% | 2.5% |
| ROIC | 392.0% | 392.0% | 6.0% | 3.4% | 4.9% | 5.8% | 5.6% | 6.9% | 6.7% | 5.3% | 5.2% |
| ROCE | — | — | 4.5% | 3.6% | 5.1% | 6.0% | 5.8% | 7.3% | 7.4% | 5.8% | 5.5% |
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 | — | — | 0.05 | 1.35 | 1.41 | 1.57 | 1.84 | 2.11 | 2.48 | 3.00 | 3.31 |
| Debt / EBITDA | 0.02 | 0.02 | 0.41 | 5.33 | 4.51 | 4.75 | 4.81 | 4.87 | 4.91 | 6.08 | 6.32 |
| Net Debt / Equity | — | — | 0.03 | 1.32 | 1.37 | 1.54 | 1.80 | 2.08 | 2.45 | 2.97 | 3.27 |
| Net Debt / EBITDA | 0.02 | 0.02 | 0.19 | 5.21 | 4.41 | 4.65 | 4.71 | 4.81 | 4.86 | 6.01 | 6.25 |
| Debt / FCF | — | 3.77 | — | — | 70.05 | 23.67 | 14.10 | 15.67 | 14.63 | 100.38 | 861.22 |
| Interest Coverage | 2.15 | 2.15 | 2.06 | 1.60 | 2.20 | 2.51 | — | 2.75 | 2.59 | 1.92 | 2.17 |
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 | — | — | 0.64 | 0.75 | 0.86 | 0.70 | 0.69 | 0.76 | 0.70 | 0.54 | 0.62 |
| Quick Ratio | — | — | 0.64 | 0.75 | 0.86 | 0.70 | 0.69 | 0.76 | 0.70 | 0.54 | 0.62 |
| Cash Ratio | — | — | 0.09 | 0.10 | 0.11 | 0.10 | 0.11 | 0.07 | 0.06 | 0.05 | 0.05 |
| Asset Turnover | — | — | 0.21 | 0.23 | 0.24 | 0.20 | 0.19 | 0.22 | 0.23 | 0.21 | 0.21 |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| 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% | 10995.2% | 9540.6% | 4565.6% | 10049.9% | 10670.6% | 9354.3% | 10748.9% | 8646.8% | 5181.7% | 9064.3% |
| FCF Yield | 100.0% | 105.1% | — | — | 2757.4% | 6626.8% | 11423.0% | 11727.4% | 13306.3% | 2042.4% | 235.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 0.0% |
| Shares Outstanding | — | $525000 | $525000 | $525000 | $525000 | $525000 | $525000 | $525000 | $525000 | $525000 | $525000 |
Statutory Debt Limit Constraints
As reported in recent financial statements, TVE's ROE plummeted to negative territory in 2025Q4, reflecting a significant deterioration from the 3.1% peak observed in 2024Q4, which suggests that the utility's current cost structure is increasingly misaligned with its ability to generate sustainable returns on its asset base.
The DuPont decomposition reveals that the negative ROE is driven by a persistent inability to generate positive net interest margins, which have remained stagnant near -0.5%. This suggests that the utility's massive interest obligations are effectively cannibalizing the operating income generated by its power assets, leaving little room for equity growth.
According to the provided income statement data, the efficiency ratio reached a negative 75.9% in 2025Q4, a sharp deviation from the historical 20-25% range, which indicates that non-interest expenses are becoming increasingly difficult to manage relative to the total revenue generated by the utility's core operations.
The extreme volatility in the efficiency ratio suggests that the organization is struggling to maintain cost control as it navigates a transition toward new generation technologies. Investors should monitor whether this trend represents a temporary spike in decommissioning costs or a structural shift in the utility's operating leverage.
Based on the provided cash flow data, provision expenses surged to $5.6 billion in 2025Q4, a dramatic departure from the historical quarterly average of approximately $1.6 billion, which may indicate a fundamental reassessment of long-term asset recoverability or an increase in anticipated credit-related liabilities within the utility's portfolio.
The surge in provisions warrants further investigation, as it may imply that the carrying value of aging generation assets is no longer supported by their projected cash flows. This shift suggests that the balance sheet may be masking significant long-term impairments that are not yet fully reflected in the equity position.
Based on reported figures, the equity-to-assets ratio has remained stubbornly flat at approximately 0.30 since 2023Q4, indicating that the utility's capital base is not keeping pace with the rapid accumulation of debt required to fund its massive, capital-intensive generation and transmission infrastructure projects.
The stagnation of the equity-to-assets ratio, combined with the approach toward the $30 billion statutory debt limit, suggests that TVE's capacity for further capital investment is severely constrained. This structural vulnerability may force the organization to rely more heavily on rate increases to fund necessary grid modernization.
The P/E ratio is frequently misapplied to TVE, as the utility's reliance on regulatory accounting and massive non-cash depreciation charges renders traditional earnings multiples largely meaningless for assessing the true economic value of its power generation assets.
Investors should instead focus on Funds from Operations (FFO) and debt-to-EBITDA ratios to better understand the utility's cash-generating capacity. Relying on P/E obscures the impact of regulatory deferrals and the significant capital intensity of the business, which are the primary drivers of long-term financial health.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying TVE stock.
Tennessee Valley Authority PARRS A 2029's current P/E ratio is 0.0x. The historical average is 0.0x. This places it at the 6th percentile of its historical range.
Tennessee Valley Authority PARRS A 2029's current EV/EBITDA is 0.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.5x.
Based on historical data, Tennessee Valley Authority PARRS A 2029 is trading at a P/E of 0.0x. This is at the 6th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Tennessee Valley Authority PARRS A 2029 has 18.8% operating margin. Operating margin between 10-20% is typical for established companies.
Tennessee Valley Authority PARRS A 2029's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.