P/E ratio for DTE Energy (DTE)
P/E ratio as of May 2024 (TTM): 19.3
According to DTE Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.3025. At the end of 2022 the company had a P/E ratio of 21.3.
P/E ratio history for DTE Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 21.3 | -16.79% |
| 2021 | 25.5 | 75.51% |
| 2020 | 14.6 | -16.78% |
| 2019 | 17.5 | 15.32% |
| 2018 | 15.2 | 3.05% |
| 2017 | 14.7 | -15.22% |
| 2016 | 17.4 | 3.01% |
| 2015 | 16.9 | 16.92% |
| 2014 | 14.4 | -3.83% |
| 2013 | 15.0 | 4.4% |
| 2012 | 14.4 | 29.8% |
| 2011 | 11.1 | 7.82% |
| 2010 | 10.3 | -9.03% |
| 2009 | 11.3 | 24.43% |
| 2008 | 9.06 | 38.79% |
| 2007 | 6.53 | -61.33% |
| 2006 | 16.9 | 41.03% |
| 2005 | 12.0 | -18.41% |
| 2004 | 14.7 | 9.28% |
| 2003 | 13.4 | 8.04% |
| 2002 | 12.4 | -49.86% |
| 2001 | 24.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alliant Energy LNT | 19.8 | 2.76% | 🇺🇸 USA |
 Ameren
AEE | 17.5 | -9.55% | 🇺🇸 USA |
 CMS Energy
CMS | 24.9 | 28.97% | 🇺🇸 USA |
 WEC Energy Group WEC | 19.7 | 2.31% | 🇺🇸 USA |
 NiSource
NI | 18.0 | -6.78% | 🇺🇸 USA |
 Xcel Energy XEL | 17.7 | -8.44% | 🇺🇸 USA |
 MGE Energy
MGEE | 24.8 | 28.35% | 🇺🇸 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.