Question 1

What is DTE Energy's P/E ratio?

Accepted Answer

DTE Energy (DTE) P/E ratio is 24.4× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For DTE Energy specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

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

Accepted Answer

DTE Energy's P/E ratio of 24.4× is above its own 5-year average of 20.5× and above the sector median of 21.4×. That places the current reading at the 79th 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/E ratio range?

Accepted Answer

In the available daily series, DTE Energy (DTE) P/E ratio has ranged from a low of 5.3× in 2008 to a high of 34.7× in 2022. The 5-year average is 20.5× and the 5-year median is 18.8×.

Question 7

What was DTE Energy's P/E ratio in 2025?

Accepted Answer

DTE Energy (DTE) P/E ratio at the end of 2025 was 18.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$1.46B	18.3×	+0.4×	Dec 31, 2025
2024	$25B	$1.4B	17.8×	+1.5×	Dec 31, 2024
2023	$22.8B	$1.4B	16.3×	-5.6×	Dec 31, 2023
2022	$23.7B	$1.08B	21.9×	-4.1×	Dec 31, 2022
2021	$23.6B	$907M	26.0×	+6.8×	Dec 31, 2021
2020	$26.3B	$1.37B	19.2×	+1.7×	Dec 31, 2020
2019	$20.4B	$1.17B	17.5×	+2.3×	Dec 31, 2019
2018	$17B	$1.12B	15.2×	+0.5×	Dec 31, 2018
2017	$16.7B	$1.13B	14.7×	-2.6×	Dec 31, 2017
2016	$15B	$868M	17.3×	+0.4×	Dec 31, 2016
2015	$12.3B	$727M	16.9×	+2.5×	Dec 31, 2015
2014	$13B	$905M	14.4×	-1.2×	Dec 31, 2014
2013	$10.3B	$661M	15.5×	+1.2×	Dec 31, 2013
2012	$8.74B	$610M	14.3×	+3.3×	Dec 31, 2012
2011	$7.83B	$711M	11.0×	+0.7×	Dec 31, 2011
2010	$6.48B	$630M	10.3×	-1.3×	Dec 31, 2010
2009	$6.08B	$525M	11.6×	+2.6×	Dec 31, 2009
2008	$4.92B	$546M	9.0×	+2.2×	Dec 31, 2008
2007	$6.32B	$926M	6.8×	-10.0×	Dec 31, 2007
2006	$7.29B	$433M	16.8×	+4.9×	Dec 31, 2006
2005	$6.43B	$537M	12.0×	-2.8×	Dec 31, 2005
2004	$6.35B	$431M	14.7×	+3.9×	Dec 31, 2004
2003	$5.63B	$521M	10.8×	+0.7×	Dec 31, 2003
2002	$6.44B	$637M	10.1×	—	Dec 31, 2002


American States Water (AWR)	22.1×
Middlesex Water (MSEX)	21.8×
Evergy (EVRG)	21.4×
H2O America (HTO)	21.2×
CMS Energy (CMS)	21.1×
Essential Utilities (WTRG)	20.5×
Ameren (AEE)	19.9×
Duke Energy (DUK)	19.8×
MGE Energy (MGEE)	19.8×
American Electric Power Company (AEP)	19.4×
Consolidated Edison (ED)	19.1×
Pinnacle West Capital (PNW)	18.7×
Dominion Energy (D)	18.3×
Black Hills (BKH)	18.2×
Exelon (EXC)	18.1×
Public Service Enterprise Group (PEG)	17.8×
Northwest Natural Holding (NWN)	17.7×
New Jersey Resources (NJR)	16.2×
Avista (AVA)	16.0×
Eversource Energy (ES)	14.9×
Artesian Resources (ARTNA)	14.1×
PG&E (PCG)	13.1×
UGI (UGI)	12.2×
Edison International (EIX)	7.6×
AES (AES)	7.5×

P/E Ratio for DTE Energy (DTE) 2002-2026

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

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

About P/E Ratio at DTE Energy (DTE)

DTE Energy P/E Ratio by Year

DTE Energy P/E Ratio 2025: 18.3×

DTE Energy P/E Ratio 2024: 17.8×

DTE Energy P/E Ratio 2023: 16.3×

DTE Energy P/E Ratio 2022: 21.9×

DTE Energy P/E Ratio 2021: 26.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

DTE Energy (DTE) Key Financials