Question 1

What is DTE Energy's P/FCF ratio?

Accepted Answer

DTE Energy (DTE) P/FCF ratio is 100.8× as of October 26, 2021. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for DTE Energy?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For DTE Energy specifically, the relevant sector benchmark is the current sector median of 45.4×.

Question 5

Is DTE Energy's P/FCF ratio high or low?

Accepted Answer

DTE Energy's P/FCF ratio of 100.8× is above its own 5-year average of 95.0× and above the sector median of 45.4×. That places the current reading at the 44th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is DTE Energy's historical P/FCF ratio range?

Accepted Answer

In the available daily series, DTE Energy (DTE) P/FCF ratio has ranged from a low of 4.8× in 2009 to a high of 686.2× in 2016. The 5-year average is 95.0× and the 5-year median is 95.0×.

Question 7

What was DTE Energy's P/FCF ratio in 2016?

Accepted Answer

DTE Energy (DTE) P/FCF ratio at the end of 2016 was 428.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does DTE Energy's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$26.7B	-$1B	—	—	Dec 31, 2025
2024	$25B	-$824M	—	—	Dec 31, 2024
2023	$22.8B	-$714M	—	—	Dec 31, 2023
2022	$23.7B	-$1.4B	—	—	Dec 31, 2022
2021	$23.6B	-$705M	—	—	Dec 31, 2021
2020	$26.3B	-$160M	—	—	Dec 31, 2020
2019	$20.4B	-$348M	—	—	Dec 31, 2019
2018	$17B	-$33M	—	—	Dec 31, 2018
2017	$16.7B	-$133M	—	—	Dec 31, 2017
2016	$15B	$35M	428.7×	—	Dec 31, 2016
2015	$12.3B	-$104M	—	—	Dec 31, 2015
2014	$13B	-$210M	—	—	Dec 31, 2014
2013	$10.3B	$278M	36.9×	+14.5×	Dec 31, 2013
2012	$8.74B	$389M	22.5×	+7.5×	Dec 31, 2012
2011	$7.83B	$524M	14.9×	+6.0×	Dec 31, 2011
2010	$6.48B	$726M	8.9×	+1.2×	Dec 31, 2010
2009	$6.08B	$784M	7.8×	-18.7×	Dec 31, 2009
2008	$4.92B	$186M	26.4×	—	Dec 31, 2008
2007	$6.32B	-$174M	—	—	Dec 31, 2007
2006	$7.29B	$53M	137.6×	—	Dec 31, 2006
2005	$6.43B	-$64M	—	—	Dec 31, 2005
2004	$6.35B	$91M	69.8×	+42.4×	Dec 31, 2004
2003	$5.63B	$206M	27.3×	—	Dec 31, 2003
2002	$6.44B	-$10M	—	—	Dec 31, 2002


Eversource Energy (ES)	110.1×
Constellation Energy (CEG)	86.9×
NextEra Energy (NEE)	82.1×
American States Water (AWR)	77.8×
Middlesex Water (MSEX)	63.1×
Vistra (VST)	45.4×
UGI (UGI)	32.9×
FirstEnergy (FE)	16.3×
Duke Energy (DUK)	15.4×
Consolidated Edison (ED)	14.6×
American Electric Power Company (AEP)	9.3×

P/FCF Ratio for DTE Energy (DTE) 2003-2026

P/FCF Ratio daily chart for DTE Energy (DTE)

Historical P/FCF Ratio for DTE Energy (DTE) from 2002 to 2025

About P/FCF Ratio at DTE Energy (DTE)

DTE Energy P/FCF Ratio by Year

DTE Energy P/FCF Ratio 2016: 428.7×

DTE Energy P/FCF Ratio 2013: 36.9×

DTE Energy P/FCF Ratio 2012: 22.5×

DTE Energy P/FCF Ratio 2011: 14.9×

DTE Energy P/FCF Ratio 2010: 8.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

DTE Energy (DTE) Key Financials