FirstEnergy (FE) valuation
FirstEnergy P/E ratio history
FirstEnergy trades at 22.7 times its earnings over the last twelve months and 16.2 times the earnings analysts expect over the next twelve. At its last 8 fiscal year ends its P/E ranged from 15.4 (year to Dec 2020) to 59.1 (year to Dec 2022), with a median of 21.2.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $44.77 | $1.76 | 25.4 | 15.8 |
| Dec 31, 2024 | $39.78 | $1.70 | 23.4 | 14.0 |
| Dec 31, 2023 | $36.66 | $1.92 | 19.1 | 13.9 |
| Dec 31, 2022 | $41.94 | $0.71 | 59.1 | 16.8 |
| Dec 31, 2021 | $41.59 | $2.35 | 17.7 | 16.3 |
| Dec 31, 2020 | $30.61 | $1.99 | 15.4 | — |
| Dec 31, 2019 | $48.60 | $1.69 | 28.8 | — |
| Dec 31, 2018 | $37.55 | $2.05 | 18.3 | — |
| Dec 31, 2017 | $30.62 | -$3.88 | n/m | — |
| Dec 31, 2016 | $30.97 | -$14.34 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
FirstEnergy valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| FirstEnergyFE | $27.1B | 22.7 | 16.2 | 1.7 |
| PPLPPL | $26.8B | 21.1 | 17.9 | 2.9 |
| Eversource EnergyES | $25.8B | 17.8 | 14.3 | 1.8 |
| Edison InternationalEIX | $22.6B | 6.3 | 9.2 | 1.2 |
| Public Service Enterprise GroupPEG | $37.0B | 18.5 | 16.5 | 3.0 |
| EvergyEVRG | $19.8B | 21.9 | 19.4 | 3.3 |
| WEC Energy GroupWEC | $37.8B | 22.5 | — | 3.7 |
| Alliant EnergyLNT | $18.5B | 22.7 | 20.2 | 4.2 |
| VistraVST | $46.7B | 23.3 | 14.5 | 2.4 |
| Peer median | 21.5 | 16.5 | 2.9 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: FE financials · FE returns
No forecast, no recommendation. This page describes FirstEnergy from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.