Utility stocks with the lowest price to sales ratio

Ranked

71

of 86 utility stocks we cover

Median

2.8×

Lowest

0.0×

NFE

Range

0.0× to 31.0×

#	Company	P/S	Net margin	Revenue growth (TTM)	Market cap
1	NFENew Fortress Energy, Regulated Gas	0.0×	n/m	−37.5%	$19.9M
2	SPRUSpruce Power, Regulated Electric	0.2×	−6.8%	+10.0%	$25.6M
3	HEHawaiian Electric Industries, Regulated Electric	0.4×	6.8%	+5.1%	$1.5B
4	NRGNRG Energy, Independent Power Producers	0.6×	2.6%	+12.8%	$19.4B
5	CLNEClean Energy Fuels, Diversified Utilities	0.7×	−21.3%	+5.2%	$321.8M
6	XIFRXPLR Infrastructure, Regulated Electric	0.7×	5.2%	−2.8%	$892.8M
7	OPALOPAL Fuels, Diversified Utilities	0.8×	5.2%	+3.0%	$263.9M
8	AESAES, Renewable Utilities	0.8×	14.3%	+8.5%	$10.7B
9	GNEGenie Energy, Regulated Electric	0.9×	4.9%	+10.0%	$439.8M
10	UGIUGI, Diversified Utilities	1.1×	9.2%	−0.5%	$8.3B
11	EIXEdison International, Regulated Electric	1.1×	19.3%	+10.7%	$22.1B
12	HNRGHallador Energy, Regulated Electric	1.2×	−0.2%	+7.9%	$520.9M
13	PCGPG&E, Regulated Electric	1.3×	12.3%	+5.7%	$33.8B
14	OPTTOcean Power Technologies, Regulated Electric	1.5×	n/m	−25.8%	$6.2M
15	PORPortland General Electric, Regulated Electric	1.5×	n/m	+1.3%	$5.2B
16	SLNGStabilis Solutions, Regulated Gas	1.5×	−14.1%	−19.7%	$82.9M
17	MNTKMontauk Renewables, Diversified Utilities	1.6×	4.2%	+4.3%	$303.2M
18	NWNNorthwest Natural, Regulated Gas	1.6×	9.7%	+4.4%	$2.1B
19	AVAAvista, Regulated Electric	1.6×	11.8%	−1.8%	$3.2B
20	DTEDTE Energy, Regulated Electric	1.7×	8.0%	+15.9%	$27.4B
21	UTLUnitil, Regulated Electric	1.7×	9.5%	+20.8%	$1B
22	FEFirstEnergy, Regulated Electric	1.7×	6.9%	+12.6%	$26.7B
23	EXCExelon, Regulated Electric	1.8×	11.0%	+6.6%	$45.9B
24	ESEversource Energy, Regulated Electric	1.8×	10.4%	+7.8%	$25.4B
25	SRSpire, Regulated Gas	2.0×	21.6%	+10.7%	$5B
26	OGSONE Gas, Regulated Gas	2.1×	12.5%	−0.8%	$4.9B
27	MDUMDU Resources, Regulated Gas	2.2×	10.7%	−1.1%	$4B
28	PNWPinnacle West Capital, Regulated Electric	2.3×	11.5%	+5.7%	$12.8B
29	NJRNew Jersey Resources, Regulated Gas	2.4×	16.4%	+6.4%	$5.4B
30	EDConsolidated Edison, Regulated Electric	2.4×	12.5%	+9.5%	$42.8B
31	VSTVistra, Independent Power Producers	2.4×	11.6%	+3.8%	$47B
32	CMSCMS Energy, Regulated Electric	2.5×	11.6%	+9.9%	$21.8B
33	BKHBlack Hills, Regulated Electric	2.6×	13.0%	+2.5%	$6.1B
34	TXNMTXNM Energy, Regulated Electric	2.7×	8.8%	+10.0%	$6B
35	PPLPPL, Regulated Electric	2.8×	13.5%	+6.7%	$26.3B
36	CNPCenterPoint Energy, Regulated Electric	2.8×	11.6%	+7.1%	$27.1B
37	NWENorthWestern Energy, Regulated Electric	2.8×	10.1%	+10.7%	$4.8B
38	PEGPublic Service Enterprise, Regulated Electric	2.9×	16.0%	+12.7%	$35.9B
39	CEGConstellation Energy, Independent Power Producers	2.9×	11.1%	+26.0%	$89.8B
40	OTTROtter Tail, Regulated Electric	2.9×	14.8%	+0.3%	$3.8B
41	DUKDuke Energy, Regulated Electric	2.9×	15.8%	+6.3%	$97.4B
42	HTOH2O America, Regulated Water	3.0×	12.9%	+5.0%	$2.5B
43	ARTNAArtesian Resources, Regulated Water	3.0×	20.2%	+5.9%	$352.2M
44	NINiSource, Regulated Gas	3.0×	13.2%	+12.3%	$20.8B
45	OGEOGE Energy, Regulated Electric	3.1×	14.4%	+0.6%	$10B
46	AEPAmerican Electric Power, Regulated Electric	3.1×	13.8%	+10.3%	$70.6B
47	DDominion Energy, Regulated Electric	3.2×	14.0%	+19.0%	$57.3B
48	EVRGEvergy, Regulated Electric	3.2×	15.2%	+3.6%	$19.5B
49	XELXcel Energy, Regulated Electric	3.3×	15.3%	+4.7%	$48.8B
50	AEEAmeren, Regulated Electric	3.4×	17.9%	+3.8%	$29.9B
51	CWCOConsolidated Water, Regulated Water	3.5×	12.7%	−1.2%	$445M
52	SOSouthern, Regulated Electric	3.5×	15.4%	+6.4%	$106.9B
53	WECWEC Energy, Regulated Electric	3.6×	16.7%	+8.9%	$36.2B
54	MGEEMGE Energy, Diversified Utilities	3.6×	19.5%	+7.1%	$2.8B
55	ETREntergy, Regulated Electric	3.7×	13.5%	+9.5%	$50.1B
56	GWRSGlobal Water Resources, Regulated Water	3.8×	5.2%	+10.8%	$228.3M
57	SRESempra, Diversified Utilities	4.1×	20.5%	+1.6%	$55B
58	CWENClearway Energy, Regulated Electric	4.1×	5.8%	+9.9%	$6.4B
59	LNTAlliant Energy, Regulated Electric	4.1×	18.4%	+6.8%	$18.1B
60	CETYClean Energy Technologies, Regulated Gas	4.3×	n/m	+89.4%	$11.3M
61	ORAOrmat Technologies, Regulated Electric	4.5×	10.7%	+31.1%	$5.4B
62	IDAIdacorp, Regulated Electric	4.5×	18.8%	−0.4%	$8.1B
63	TLNTalen Energy, Regulated Electric	4.6×	−5.4%	+60.8%	$15.7B
64	WTRGEssential Utilities, Regulated Water	4.8×	21.6%	+9.9%	$12.2B
65	AWRAmerican States Water, Regulated Water	4.9×	20.5%	+13.2%	$3.4B
66	MSEXMiddlesex Water, Regulated Water	5.1×	23.3%	+5.3%	$1.1B
67	AWKAmerican Water Works, Regulated Water	5.4×	21.3%	+6.9%	$28.4B
68	NEENextEra Energy, Regulated Electric	5.9×	40.4%	+9.6%	$171.2B
69	YORWYork Water, Regulated Water	6.2×	28.5%	+9.4%	$516.4M
70	PCYOPure Cycle, Regulated Water	7.7×	43.7%	+22.9%	$259.8M
71	CDZICadiz, Regulated Water	31.0×	n/m	−21.3%	$367.1M

Not ranked: 7 with not a meaningful number. 8 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.