Question 1

What is NextEra Energy's P/B ratio?

Accepted Answer

NextEra Energy (NEE) P/B ratio is 3.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for NextEra Energy?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For NextEra Energy specifically, the relevant sector benchmark is the current sector median of 2.1×.

Question 5

Is NextEra Energy's P/B ratio high or low?

Accepted Answer

NextEra Energy's P/B ratio of 3.2× is below its own 5-year average of 3.5× and above the sector median of 2.1×. That places the current reading at the 43th 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 NextEra Energy's historical P/B ratio range?

Accepted Answer

In the available daily series, NextEra Energy (NEE) P/B ratio has ranged from a low of 1.4× in 2002 to a high of 5.0× in 2021. The 5-year average is 3.5× and the 5-year median is 3.4×.

Question 7

What was NextEra Energy's P/B ratio in 2025?

Accepted Answer

NextEra Energy (NEE) P/B ratio at the end of 2025 was 3.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does NextEra Energy's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$167.70B	$54.61B	3.1×	+0.1×	Dec 31, 2025
2024	$147.47B	$50.10B	2.9×	+0.3×	Dec 31, 2024
2023	$124.64B	$47.47B	2.6×	-1.6×	Dec 31, 2023
2022	$166.11B	$39.23B	4.2×	-0.7×	Dec 31, 2022
2021	$184.27B	$37.20B	5.0×	+0.8×	Dec 31, 2021
2020	$151.21B	$36.51B	4.1×	+0.9×	Dec 31, 2020
2019	$118.42B	$37.01B	3.2×	+0.8×	Dec 31, 2019
2018	$83.10B	$34.14B	2.4×	-0.2×	Dec 31, 2018
2017	$73.57B	$28.21B	2.6×	+0.3×	Dec 31, 2017
2016	$56.03B	$24.34B	2.3×	+0.2×	Dec 31, 2016
2015	$47.89B	$22.57B	2.1×	-0.2×	Dec 31, 2015
2014	$46.30B	$19.92B	2.3×	+0.3×	Dec 31, 2014
2013	$37.17B	$18.04B	2.1×	+0.2×	Dec 31, 2013
2012	$29.34B	$16.07B	1.8×	+0.1×	Dec 31, 2012
2011	$25.51B	$14.94B	1.7×	+0.2×	Dec 31, 2011
2010	$21.52B	$14.46B	1.5×	-0.2×	Dec 31, 2010
2009	$21.48B	$12.97B	1.7×	-0.1×	Dec 31, 2009
2008	$20.18B	$11.68B	1.7×	-0.8×	Dec 31, 2008
2007	$27.00B	$10.73B	2.5×	+0.3×	Dec 31, 2007
2006	$21.54B	$9.93B	2.2×	+0.3×	Dec 31, 2006
2005	$15.97B	$8.50B	1.9×	+0.1×	Dec 31, 2005
2004	$13.37B	$7.54B	1.8×	+0.1×	Dec 31, 2004
2003	$11.60B	$6.97B	1.7×	+0.1×	Dec 31, 2003
2002	$10.34B	$6.62B	1.6×	+0.0×	Dec 31, 2002
2001	$9.53B	$6.24B	1.5×	—	Dec 31, 2001


MGE Energy (MGEE)	2.1×
New Jersey Resources (NJR)	2.1×
Xcel Energy (XEL)	2.1×
Atmos Energy (ATO)	2.1×
Sempra (SRE)	2.0×
PPL (PPL)	1.9×
Middlesex Water (MSEX)	1.9×
Duke Energy (DUK)	1.9×
Dominion Energy (D)	1.9×
Evergy (EVRG)	1.9×
Pinnacle West Capital (PNW)	1.7×
Exelon (EXC)	1.7×
Essential Utilities (WTRG)	1.7×
Edison International (EIX)	1.6×
Consolidated Edison (ED)	1.6×
Eversource Energy (ES)	1.6×
California Water Service Group (CWT)	1.5×
UGI (UGI)	1.4×
Northwest Natural Holding (NWN)	1.4×
Black Hills (BKH)	1.3×
Artesian Resources (ARTNA)	1.3×
H2O America (HTO)	1.2×
Avista (AVA)	1.2×
PG&E (PCG)	1.2×
Algonquin Power & Utilities (AQN)	1.0×

P/B Ratio for NextEra Energy (NEE)

P/B Ratio daily chart for NextEra Energy (NEE)

Historical P/B Ratio for NextEra Energy (NEE) from 2001 to 2025

About P/B Ratio at NextEra Energy (NEE)

NextEra Energy P/B Ratio by Year

NextEra Energy P/B Ratio 2025: 3.1×

NextEra Energy P/B Ratio 2024: 2.9×

NextEra Energy P/B Ratio 2023: 2.6×

NextEra Energy P/B Ratio 2022: 4.2×

NextEra Energy P/B Ratio 2021: 5.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

NextEra Energy (NEE) Key Financials

P/B Ratio daily chart for NextEra Energy (NEE)

Historical P/B Ratio for NextEra Energy (NEE) from 2001 to 2025

About P/B Ratio at NextEra Energy (NEE)

NextEra Energy P/B Ratio by Year

NextEra Energy P/B Ratio 2025: 3.1×

NextEra Energy P/B Ratio 2024: 2.9×

NextEra Energy P/B Ratio 2023: 2.6×

NextEra Energy P/B Ratio 2022: 4.2×

NextEra Energy P/B Ratio 2021: 5.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is NextEra Energy's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for NextEra Energy?

+Is NextEra Energy's P/B ratio high or low?

+What is NextEra Energy's historical P/B ratio range?

+What was NextEra Energy's P/B ratio in 2025?

+Why does NextEra Energy's P/B ratio change over time?

NextEra Energy (NEE) Key Financials