Question 1

What is Duke Energy's P/E ratio?

Accepted Answer

Duke Energy (DUK) P/E ratio is 19.4× 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 Duke 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 Duke Energy specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

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

Accepted Answer

Duke Energy's P/E ratio of 19.4× is below its own 5-year average of 24.4× and below the sector median of 21.4×. That places the current reading at the 19th 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 Duke Energy's historical P/E ratio range?

Accepted Answer

In the available daily series, Duke Energy (DUK) P/E ratio has ranged from a low of 7.2× in 2002 to a high of 58.1× in 2024. The 5-year average is 24.4× and the 5-year median is 20.9×.

Question 7

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

Accepted Answer

Duke Energy (DUK) 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 Duke 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	$91.1B	$4.96B	18.3×	-0.1×	Dec 31, 2025
2024	$83.3B	$4.51B	18.5×	-6.9×	Dec 31, 2024
2023	$74.8B	$2.95B	25.4×	-4.3×	Dec 31, 2023
2022	$79.3B	$2.67B	29.7×	+9.1×	Dec 31, 2022
2021	$80.7B	$3.91B	20.6×	-29.4×	Dec 31, 2021
2020	$68.9B	$1.38B	50.1×	+32.3×	Dec 31, 2020
2019	$66.5B	$3.75B	17.7×	-6.5×	Dec 31, 2019
2018	$64.7B	$2.67B	24.3×	+5.0×	Dec 31, 2018
2017	$58.9B	$3.06B	19.2×	-5.6×	Dec 31, 2017
2016	$53.6B	$2.15B	24.9×	+7.4×	Dec 31, 2016
2015	$49.1B	$2.82B	17.4×	-15.7×	Dec 31, 2015
2014	$62.3B	$1.88B	33.1×	+14.8×	Dec 31, 2014
2013	$48.7B	$2.67B	18.3×	-2.5×	Dec 31, 2013
2012	$36.6B	$1.76B	20.8×	+3.6×	Dec 31, 2012
2011	$29.3B	$1.71B	17.2×	-0.7×	Dec 31, 2011
2010	$23.6B	$1.32B	17.9×	-2.9×	Dec 31, 2010
2009	$22.3B	$1.08B	20.7×	+6.8×	Dec 31, 2009
2008	$19B	$1.36B	13.9×	-3.0×	Dec 31, 2008
2007	$25.5B	$1.5B	17.0×	+3.9×	Dec 31, 2007
2006	$24.3B	$1.86B	13.0×	+4.9×	Dec 31, 2006
2005	$14.8B	$1.82B	8.1×	-1.2×	Dec 31, 2005
2004	$13.8B	$1.49B	9.3×	—	Dec 31, 2004
2003	$10.8B	-$1.32B	—	—	Dec 31, 2003
2002	$10.2B	$1.03B	9.9×	—	Dec 31, 2002


MDU Resources Group (MDU)	22.5×
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×
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 Duke Energy (DUK) 2002-2026

P/E Ratio daily chart for Duke Energy (DUK)

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

About P/E Ratio at Duke Energy (DUK)

Duke Energy P/E Ratio by Year

Duke Energy P/E Ratio 2025: 18.3×

Duke Energy P/E Ratio 2024: 18.5×

Duke Energy P/E Ratio 2023: 25.4×

Duke Energy P/E Ratio 2022: 29.7×

Duke Energy P/E Ratio 2021: 20.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Duke Energy (DUK) Key Financials