P/E ratio for Avangrid (AGR)
P/E ratio as of May 2024 (TTM): 27.2
According to Avangrid's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.1957. At the end of 2022 the company had a P/E ratio of 18.9.
P/E ratio history for Avangrid from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.9 | -21.77% |
| 2021 | 24.1 | -0.33% |
| 2020 | 24.2 | 6.8% |
| 2019 | 22.6 | -13.23% |
| 2018 | 26.1 | -36.56% |
| 2017 | 41.1 | 121.46% |
| 2016 | 18.6 | -48.26% |
| 2015 | 35.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 NRG Energy
NRG | -10.8 | -139.60% | 🇺🇸 USA |
 MGE Energy
MGEE | 24.8 | -8.90% | 🇺🇸 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.