Electric utilities with the lowest EV/EBIT

Ranked

38

of 52 electric utilities we cover

Median

22.8×

Lowest

7.8×

EIX

Range

7.8× to 267×

#	Company	EV/EBIT	PE	Operating margin	Market cap
1	EIXEdison International	7.8×	5.9×	32.7%	$22.1B
2	AVAAvista	9.3×	13.6×	18.8%	$3.2B
3	EDConsolidated Edison	13.2×	19.0×	18.0%	$42.8B
4	OTTROtter Tail	14.2×	19.5×	17.1%	$3.8B
5	HEHawaiian Electric Industries	15.6×	6.5×	11.5%	$1.5B
6	UTLUnitil	17.3×	17.5×	18.9%	$1B
7	PORPortland General Electric	17.4×	19.6×	14.1%	$5.2B
8	FEFirstEnergy	17.4×	24.5×	14.6%	$26.7B
9	ESEversource Energy	17.5×	17.5×	21.5%	$25.4B
10	EXCExelon	18.3×	16.2×	20.8%	$45.9B
11	PCGPG&E	18.9×	9.2×	20.0%	$33.8B
12	BKHBlack Hills	19.1×	20.1×	23.9%	$6.1B
13	OGEOGE Energy	20.2×	21.2×	24.2%	$10B
14	PPLPPL	20.4×	20.7×	24.1%	$26.3B
15	DUKDuke Energy	20.6×	18.8×	27.8%	$97.4B
16	PEGPublic Service Enterprise	20.8×	17.9×	23.1%	$35.9B
17	EVRGEvergy	20.9×	21.4×	26.2%	$19.5B
18	PNWPinnacle West Capital	21.3×	20.3×	20.5%	$12.8B
19	CNPCenterPoint Energy	22.1×	24.2×	23.2%	$27.1B
20	ORAOrmat Technologies	23.4×	42.7×	16.6%	$5.4B
21	AEEAmeren	23.8×	19.0×	24.9%	$29.9B
22	WECWEC Energy	23.9×	21.5×	22.8%	$36.2B
23	AEPAmerican Electric Power	23.9×	22.4×	23.0%	$70.6B
24	NWENorthWestern Energy	23.9×	28.0×	18.8%	$4.8B
25	TXNMTXNM Energy	24.0×	32.4×	22.2%	$6B
26	SOSouthern	24.6×	22.4×	24.2%	$106.9B
27	CMSCMS Energy	24.7×	20.9×	18.9%	$21.8B
28	ETREntergy	25.0×	27.5×	22.9%	$50.1B
29	DTEDTE Energy	25.1×	20.8×	13.3%	$27.4B
30	SPRUSpruce Power	25.5×	n/m	22.4%	$25.6M
31	IDAIdacorp	28.9×	23.3×	22.8%	$8.1B
32	DDominion Energy	30.1×	22.7×	21.1%	$57.3B
33	XELXcel Energy	31.1×	21.4×	19.1%	$48.8B
34	LNTAlliant Energy	31.5×	22.0×	22.1%	$18.1B
35	HNRGHallador Energy	31.6×	n/m	3.7%	$520.9M
36	NEENextEra Energy	33.6×	14.8×	30.0%	$171.2B
37	CWENClearway Energy	89.2×	n/m	13.4%	$6.4B
38	TLNTalen Energy	267×	n/m	2.6%	$15.7B

Not ranked: 7 with a loss over the last year, 4 with not a meaningful number. 3 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.