Question 1

What is FirstEnergy's P/E ratio?

Accepted Answer

FirstEnergy (FE) P/E ratio is 25.3× as of June 5, 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 FirstEnergy?

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 FirstEnergy specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is FirstEnergy's P/E ratio high or low?

Accepted Answer

FirstEnergy's P/E ratio of 25.3× is below its own 5-year average of 26.9× and above the sector median of 21.4×. That places the current reading at the 64th 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 FirstEnergy's historical P/E ratio range?

Accepted Answer

In the available daily series, FirstEnergy (FE) P/E ratio has ranged from a low of 8.8× in 2009 to a high of 149.4× in 2013. The 5-year average is 26.9× and the 5-year median is 21.3×.

Question 7

What was FirstEnergy's P/E ratio in 2025?

Accepted Answer

FirstEnergy (FE) P/E ratio at the end of 2025 was 25.3×. 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 FirstEnergy'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	$25.83B	$1.02B	25.3×	+1.9×	Dec 31, 2025
2024	$22.89B	$978.00M	23.4×	+4.3×	Dec 31, 2024
2023	$21.06B	$1.10B	19.1×	-40.0×	Dec 31, 2023
2022	$23.99B	$406.00M	59.1×	+41.3×	Dec 31, 2022
2021	$22.79B	$1.28B	17.8×	+2.4×	Dec 31, 2021
2020	$16.59B	$1.08B	15.4×	-13.5×	Dec 31, 2020
2019	$26.29B	$912.00M	28.8×	+14.5×	Dec 31, 2019
2018	$19.26B	$1.35B	14.3×	—	Dec 31, 2018
2017	$13.60B	−$1.72B	—	—	Dec 31, 2017
2016	$13.29B	−$6.18B	—	—	Dec 31, 2016
2015	$13.39B	$578.00M	23.2×	-32.0×	Dec 31, 2015
2014	$16.49B	$299.00M	55.2×	+20.0×	Dec 31, 2014
2013	$13.79B	$392.00M	35.2×	+12.5×	Dec 31, 2013
2012	$17.46B	$770.00M	22.7×	+2.7×	Dec 31, 2012
2011	$18.61B	$930.00M	20.0×	+5.7×	Dec 31, 2011
2010	$11.25B	$784.00M	14.4×	+0.3×	Dec 31, 2010
2009	$14.12B	$1.00B	14.1×	+3.0×	Dec 31, 2009
2008	$14.77B	$1.34B	11.0×	-5.7×	Dec 31, 2008
2007	$21.92B	$1.31B	16.7×	+1.5×	Dec 31, 2007
2006	$19.18B	$1.26B	15.3×	-3.2×	Dec 31, 2006
2005	$16.07B	$872.00M	18.4×	+3.7×	Dec 31, 2005
2004	$12.92B	$877.33M	14.7×	-12.7×	Dec 31, 2004
2003	$11.56B	$421.72M	27.4×	+10.7×	Dec 31, 2003
2002	$9.65B	$578.72M	16.7×	+2.3×	Dec 31, 2002
2001	$9.27B	$646.45M	14.3×	—	Dec 31, 2001


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 FirstEnergy (FE)

P/E Ratio daily chart for FirstEnergy (FE)

Historical P/E Ratio for FirstEnergy (FE) from 2001 to 2025

About P/E Ratio at FirstEnergy (FE)

FirstEnergy P/E Ratio by Year

FirstEnergy P/E Ratio 2025: 25.3×

FirstEnergy P/E Ratio 2024: 23.4×

FirstEnergy P/E Ratio 2023: 19.1×

FirstEnergy P/E Ratio 2022: 59.1×

FirstEnergy P/E Ratio 2021: 17.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

FirstEnergy (FE) Key Financials

P/E Ratio daily chart for FirstEnergy (FE)

Historical P/E Ratio for FirstEnergy (FE) from 2001 to 2025

About P/E Ratio at FirstEnergy (FE)

FirstEnergy P/E Ratio by Year

FirstEnergy P/E Ratio 2025: 25.3×

FirstEnergy P/E Ratio 2024: 23.4×

FirstEnergy P/E Ratio 2023: 19.1×

FirstEnergy P/E Ratio 2022: 59.1×

FirstEnergy P/E Ratio 2021: 17.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is FirstEnergy's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for FirstEnergy?

+Is FirstEnergy's P/E ratio high or low?

+What is FirstEnergy's historical P/E ratio range?

+What was FirstEnergy's P/E ratio in 2025?

+Why does FirstEnergy's P/E ratio change over time?

FirstEnergy (FE) Key Financials