P/E ratio for WEC Energy Group (WEC)
P/E ratio as of June 2024 (TTM): 18.3
According to WEC Energy Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.3048. At the end of 2022 the company had a P/E ratio of 21.0.
P/E ratio history for WEC Energy Group from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.0 | -10.56% |
| 2021 | 23.5 | -2.7% |
| 2020 | 24.2 | -5.98% |
| 2019 | 25.7 | 24.63% |
| 2018 | 20.6 | 18.22% |
| 2017 | 17.4 | -11.41% |
| 2016 | 19.7 | -8.71% |
| 2015 | 21.6 | 6.69% |
| 2014 | 20.2 | 24.15% |
| 2013 | 16.3 | 5.12% |
| 2012 | 15.5 | 0.09% |
| 2011 | 15.5 | 2.76% |
| 2010 | 15.1 | -1.51% |
| 2009 | 15.3 | 11.78% |
| 2008 | 13.7 | -19.43% |
| 2007 | 17.0 | -3.45% |
| 2006 | 17.6 | 19.26% |
| 2005 | 14.7 | 14.12% |
| 2004 | 12.9 | -19.3% |
| 2003 | 16.0 | -8.85% |
| 2002 | 17.6 | 44.77% |
| 2001 | 12.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alliant Energy LNT | 19.1 | 4.59% | 🇺🇸 USA |
 Ameren
AEE | 16.7 | -8.94% | 🇺🇸 USA |
 CMS Energy
CMS | 24.2 | 32.08% | 🇺🇸 USA |
 DTE Energy
DTE | 18.6 | 1.81% | 🇺🇸 USA |
 Duke Energy DUK | 71.3 | 289.72% | 🇺🇸 USA |
 Xcel Energy XEL | 17.2 | -6.09% | 🇺🇸 USA |
 MGE Energy
MGEE | 23.8 | 30.15% | 🇺🇸 USA |
 Pacific Gas and Electric
PCG | 20.1 | 9.61% | 🇺🇸 USA |
 Avista
AVA | 16.3 | -10.77% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.