P/E Ratio

The P/E ratio of 20.2x means investors are paying $20.20 for every $1 of the company's earnings per share—a common measure of how expensive a stock is relative to its profits.

This value sits just below the Utilities sector median of 20.3x, ranking in the 44th percentile among peers, indicating it is fairly typical for the industry. The metric has been stable over the past eight quarters, with a year-over-year change of +0.0% and a quarter-over-quarter change of +0.0%. When a P/E is near the sector median and shows no movement, it suggests limited risk of a valuation-driven correction but also no clear catalyst for multiple expansion. This combination of a neutral level and flat trend implies a balanced risk–reward profile, neither overvalued nor undervalued relative to the sector. Therefore, the P/E ratio directly supports the overall NEUTRAL verdict on the stock.

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