P/E Ratio
Updated 656h ago
Sector Performance
45th percentileDTE
22.9x
Sector Median
24.7x
Sector Avg
36.0x
Deep Analysis
The P/E ratio of 22.9x means investors are currently paying $22.90 for every $1 of the company’s annual earnings, indicating how much they are willing to pay for future profit growth.
This is below the sector median of 25.1x, placing DTE in the 41st percentile among its peers — meaning it is cheaper than 59% of similar companies. Trend data is unavailable: both the year-over-year and quarter-over-quarter changes are listed as N/A, and no historical values beyond the current figure exist to assess direction. With a below-median valuation but no trend information, the stock offers a moderate discount relative to peers, yet the lack of historical movement leaves uncertainty about whether that discount is widening or narrowing. This neutral level — neither expensive compared to the sector nor trending toward a more attractive price — aligns with the overall NEUTRAL verdict, as the metric does not suggest a clear buying opportunity or excessive risk.
Frequently Asked Questions
What does the P/E Ratio tell investors about DTE?
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
How is the P/E Ratio calculated?
P/E Ratio is calculated as: Price / EPS.
Who are DTE's closest peers by P/E Ratio?
The closest peers by P/E Ratio include: VICI (9.1x), OMF (9.0x), JACK (8.5x), GIS (8.4x), FIS (8.4x).
The Formula
Price / EPS
Why It Matters
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
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22.9x
Sector Median
24.7x
Sector Avg
36.0x
How DTE's P/E Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.