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Xcel Energy price to book ratio XEL

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
2.0×
10-year median
2.2×
Against its 10-year history
27th
percentile: 0 is its lowest day, 100 its highest
10-year range
1.6× to 2.9×
Peer median
2.1×

Xcel Energy's price to book ratio is 2.0× as of Oct 23, 2026.

That is below its ten-year median of 2.2×, lower than on 73% of days in the last ten years.

Over that time it ranged from 1.6× in Mar 2024 to 2.9× in Oct 2020.

The median for 10 electric utilities of a similar size is 2.1×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far2.0×1.8×2.3×
20252.1×1.9×2.3×
20242.0×1.6×2.2×
20232.0×1.8×2.4×
20222.3×2.0×2.6×
20212.4×2.2×2.6×
20202.5×2.0×2.9×
20192.5×2.0×2.7×
20182.1×1.9×2.2×
20172.1×1.9×2.3×
20161.9×1.7×2.1×
20151.7×1.6×1.9×
20141.8×1.4×1.8×
20131.5×1.4×1.7×
20121.4×1.4×1.7×
20111.6×1.3×1.6×
20101.4×1.3×1.5×
20091.3×1.2×1.4×

Against its peers

Companies in Regulated Electric nearest Xcel Energy's size, closest first, today.

CompanyPrice to book ratio
XELXcel Energy2.0×
ETREntergy2.7×
EXCExelon1.5×
EDConsolidated Edison1.7×
DDominion Energy2.0×
WECWEC Energy2.6×
PEGPublic Service Enterprise2.1×
PCGPG&E1.0×
AEPAmerican Electric Power2.2×
AEEAmeren2.2×
DTEDTE Energy2.3×
Peer median2.1×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Xcel Energy

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.