NextEra Energy, Inc. (NEE) is a publicly traded company in the Utilities — Regulated Electric industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
NextEra Energy, Inc., operating through its diverse subsidiaries, is a prominent electric power provider in North America. The company's operations encompass the generation, transmission, distribution, and sale of electricity to both individual consumers and large-scale wholesale clients. Its energy portfolio is broad, featuring power generation from wind, solar, nuclear, coal, and natural gas facilities.
Is NextEra Energy, Inc. stock overvalued or undervalued in 2026?
NextEra Energy, Inc. (NEE) trades at 15.1× earnings (P/E), below the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (23.5×) $131 (+56 %); at its sector median (21.3×) $118 (+41 %). Note: these prices use the last twelve months' earnings, and analysts expect them to fall 21 % in 2027; at this price, its 2027 P/E would be 19.1×.
Kaplio overview: NextEra Energy, Inc.
Market cap $176B · 52 weeks $75 – $98 (14 % below the high) · P/E 15.1× · 2027 est. P/E 19.1× · Dividend 2.9 % · ≥ 11 years rising · Next earnings January 26, 2027 · expected EPS $0.59 · Closing price, Oct 30 · accounts published Oct 21.
- Valuation: TTM P/E 15.1× (cheap).
- Business: ROE 20.4 % (por encima del rango).
- Balance sheet: Net debt/EBITDA 5.7× (watch).
- Earnings: 6 of 8 (on track).
Analysts expect earnings per share to fall 21 % in 2027: at this price, its 2027 P/E would be 19.1×.
What would it be worth at its usual multiples?
At the decade median (23.5×) $131 (+56 %); at its sector median (21.3×) $118 (+41 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Note: these prices use the last twelve months' earnings, and analysts expect them to fall 21 % in 2027; at this price, its 2027 P/E would be 19.1×.
What matters in utilities: 2 of 6 pass
- Regulated ROE (8-12%) 20.4 %, fails.
- 5y EPS growth 17.0 %, fails.
- Interest coverage 1.8×, fails.
- Net debt / EBITDA 5.7×, borderline.
- 10y dividend growth 11.4 %, passes.
- Payout Ratio 68.5 %, passes.
Against its peers (reference peers) — NextEra Energy, Inc.: P/E 15.1×; EV/EBITDA 16.5×; ROIC 3.7 %; $176B. The Southern Company (P/E 22.6×; EV/EBITDA 12.6×; ROIC 4.1 %; $108B), Duke Energy Corporation (P/E 19.1×; EV/EBITDA 10.8×; ROIC 4.2 %; $99.3B), American Electric Power Company, Inc. (P/E 21.2×; EV/EBITDA 13.9×; ROIC 5.2 %; $70.9B).
Expensive or cheap against its last ten years?
P/E at each close: today 15.1× · median 23.5× · minimum 13.5× · maximum 62.7× · cheap below 19.6× · expensive above 39.7×. It has been cheaper than today only 11% of the time over its last ten years.
Dividend
tight · Yield 2.9 % ($2.24 per share in 2025) · Years raising it ≥ 11 · 5-year growth +10 % a year · Free cash flow coverage 0.8× · With $1,000 invested today you'd collect $29.10 a year ($2.43 a month).
Kaplio's reading: NextEra Energy, Inc.
Updated on October 22, 2026 · accounts published on October 21, 2026
Reading of October 21, 2026: A profitable utility with a fast-growing dividend and a heavy debt load
NextEra Energy trades at a P/E of 17.6 over the last 12 months, 25 % below its ten-year median of 23.5, with a 3.1 % dividend yield.
- Is NextEra Energy expensive or cheap? Its P/E is 25 % below its ten-year median, and it has traded at a lower P/E only 20 % of the time this decade.
- How is the business doing? Revenue grew 11 % over the last 12 months, but EPS fell 2.4 %, and ROIC of 4.0 % only matches the sector median.
- How strong is the balance sheet? Net debt equals 60 % of the share price, and interest coverage of 1.8× falls short of the 3.0× that is healthy for utilities.
- What to expect from the next earnings? Analysts expect EPS of $0.60 in the report due January 26, 2027; the 2026 EPS consensus has held at $4.03 for 30 days.
- Is the dividend sustainable with this debt? The dividend has risen for 11 straight fiscal years, growing 11.4 % a year, and the 68 % payout is under the 80 % ceiling.
Is NextEra Energy expensive or cheap?
Over the last 12 months NextEra Energy trades at a P/E of 17.6. That is 25 % below its ten-year median of 23.5 and 16 % below the utilities sector median of 21.0, measured across 122 companies. Over the decade the multiple has ranged from 13.5 to 62.7, and the stock has traded at a lower P/E only 20 % of the time. The other measures look less cheap: EV/EBITDA is 15.4×, P/B is 2.9× and the free cash flow yield is just 2.4 %. The share price is down 5 % over 12 months and sits 19 % below its 52-week high of $97.88.
How is the business doing?
Revenue rose 11 % over the last 12 months while EPS fell 2.4 %, so this year's sales growth has not reached shareholders. Margins are solid. The operating margin of 29.5 % over the last 12 months beats the 27.1 % average for fiscal 2014-2025, and fiscal 2025 reached 30.1 %. Returns on capital are modest. ROIC of 4.0 % equals the sector median of 4.0 % and has not topped 10 % in any of the last ten fiscal years, which is common in capital-heavy industries. ROE of 16.8 % looks strong, but a debt-to-equity ratio of 1.93 helps push it up.
How strong is the balance sheet?
Debt is the weak point. Net debt was $46.62 per share in fiscal 2025, equal to 60 % of the current price, and debt to equity is 1.93 over the last 12 months. Net debt to EBITDA of 5.7× in fiscal 2025 sits right at the 5.5× level considered healthy for utilities. Interest coverage of 1.8× falls short of the 3.0× benchmark. A current ratio of 0.53 means short-term liabilities exceed short-term assets. The Piotroski score of 6 out of 9 points to a company in middling financial shape, not in distress.
What to expect from the next earnings?
On October 21, 2026, NextEra Energy reported EPS of $1.24 against $1.20 expected, a 3.3 % beat. It has topped estimates in 6 of the last 8 quarters. The next report is due on January 26, 2027, with analysts expecting EPS of $0.60. Estimates are steady: the 2026 EPS consensus stayed at $4.03 over the last 30 days among 12 analysts, while the revenue consensus slipped 0.5 %. Analysts lean positive, with 24 of 36 recommending buy, 11 hold and 1 sell.
Is the dividend sustainable with this debt?
Utilities are regulated, slow-growing businesses that behave like bonds with extra upside. That is why investors in this sector watch debt, interest rates and payout consistency more than growth. NextEra Energy does well on the dividend. It grew 11.4 % a year over 2015-2025, well above the 4 % healthy floor, and the fiscal 2025 payout of 68 % stays under 80 %. The yield is 3.1 % over the last 12 months. Two figures fall outside the usual ranges: EPS growth of 17.0 % a year over 2020-2025 and ROE of 16.8 % are both high for a regulated utility. Thin interest coverage leaves the dividend more exposed to higher rates.
How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.
Investor methods verdict
Would Buffett approve NextEra Energy today?
The Buffett Method would not approve NextEra Energy today: it fails its quality rules. Business quality: 64 out of 100 (price not included). Kaplio assessment with data from the week of November 2, 2026; not investment advice.
Would Peter Lynch approve NextEra Energy today?
The Lynch Method would not approve NextEra Energy today: it fails its quality rules. Business quality: 17 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of November 2, 2026; not investment advice.
Profitability
| Return on Equity | 20.37% |
| Return on Invested Capital | 3.70% |
| Return on Assets | 4.75% |
| Gross Margin | 62.40% |
| Operating Margin | 29.70% |
| Net Margin | 39.92% |
Financial Health
| Debt / Equity | 1.85 |
| Current Ratio | 0.53 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.12 |
Compare it with
Price Performance
| 1 month | +8.95% |
| 3 months | -4.00% |
| Year-to-date | +4.27% |
| 1 year | +2.84% |
| 3 years | +40.97% |
| 5 years | -1.79% |
| 10 years | +171.79% |
Dividend History
Paid in the last 12 months: $2.4361 per share in 4 payments.
| Date | Amount |
|---|---|
| November 27, 2026 | $0.6232 |
| August 28, 2026 | $0.6232 |
| June 5, 2026 | $0.6232 |
| February 27, 2026 | $0.6232 |
| November 21, 2025 | $0.5665 |
| August 28, 2025 | $0.5665 |
| June 2, 2025 | $0.5665 |
| February 28, 2025 | $0.5665 |
| November 22, 2024 | $0.515 |
| August 30, 2024 | $0.515 |
Amounts adjusted for stock splits.
Related companies: AEP · XEL · EXC · SO · DUK · D · ETR · PEG
Explore sector: Utilities · Regulated Electric
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