NextEra Energy, Inc. (NEE) Valuation — DCF, Graham & Comparables

NextEra Energy, Inc. (NEE) — Price $83.71 (closing price, October 30, 2026) — Utilities — Regulated Electric — NYSE

Latest reported results:

Valuation dashboard for NextEra Energy, Inc. (NEE) with P/E 15.06, P/B 2.84, EV/EBITDA 16.5 and dividend yield 2.91%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Utilities companies.

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.

What would it be worth at its usual multiples?

Versus its usual multiples: cheap · Current P/E 15.1× · Multiples range: $118.26 · $130.74.

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×.

Analysis Summary

NextEra Energy, Inc. reported revenue of $27.48B in the most recent fiscal year, growing at a 5-year CAGR of 8.8%. Net income reached $6.83B, with a 18.5% 5-year CAGR.

Trailing-twelve-month margins: gross margin 62.4%, operating margin 29.7%, net margin 39.9%.

At $83.71 (closing price, October 30, 2026), NEE trades at a P/E of 15.06 and an ROE of 20.37%. Market capitalisation stands at $175.6B, placing it among large-cap names.

Balance sheet quality for NEE: debt-to-equity ratio of 1.85, current ratio of 0.53 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio15.06
Price / Book2.84
EV / EBITDA16.5
Dividend Yield2.91%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
NEENextEra Energy, Inc.$175.6B15.062.8420.4%
AEPAmerican Electric Power Company, Inc.$70.9B21.242.1610.5%
XELXcel Energy Inc.$49.9B18.611.9711.0%
EXCExelon Corporation$47.6B17.891.598.9%
SOThe Southern Company$107.8B22.642.6912.6%
DUKDuke Energy Corporation$99.3B19.131.819.9%
DDominion Energy, Inc.$58.6B22.211.989.3%
ETREntergy Corporation$52.5B28.192.7310.4%

Price

Price$83.71 (closing price, October 30, 2026)
Market Cap$175.6B
ExchangeNYSE
CountryUS

Profitability

Return on Equity20.37%
Return on Invested Capital3.70%
Return on Assets4.75%
Gross Margin62.40%
Operating Margin29.70%
Net Margin39.92%

Related companies: AEP · XEL · EXC · SO · DUK · D · ETR · PEG

Explore sector: Utilities · Regulated Electric

More sections of NEE: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks