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Xcel EnergyXEL +0.06%80 Forward PE Ratio is 19.14 as of Jul. 22, 2026. GuruFocus rates XEL with a GF Score™ of 80/100 and a GF Value™ of $67.10 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 275 Utilities - Regulated companies, Xcel Energy ranks worse than 73.45% on this metric.
Xcel Energy's Forward PE Ratio for today is 19.14.
Xcel Energy (NAS:XEL) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Xcel Energy Forward PE Ratio Related Terms
Xcel Energy Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Xcel Energy's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Xcel Energy Forward PE Ratio Chart
Xcel Energy Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
16.05
17.70
19.69
18.94
22.73
22.57
21.51
21.23
17.27
17.82
18.04
Xcel Energy Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
16.05
17.76
19.69
17.83
17.70
19.34
19.88
19.31
19.69
18.80
18.94
18.18
18.94
21.65
22.83
23.58
22.73
21.19
22.52
23.20
22.57
22.27
22.62
20.12
21.51
22.42
21.69
19.05
21.23
20.00
18.45
15.85
17.27
15.02
14.93
16.89
17.82
18.27
17.78
19.24
18.04
18.98
XEL vs ETR, EXC, PEG: Forward PE Ratio Comparison
For the Utilities - Regulated Electric subindustry, Xcel Energy's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Xcel Energy Forward PE Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Xcel Energy's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Xcel Energy's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Xcel Energy (XEL) has a Forward PE Ratio of 19.14 as of Jul. 22, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Xcel Energy and its competitors. According to the industry distribution chart, Xcel Energy ranks #202 out of 275 companies in the Utilities - Regulated industry, placing it in the top 73.5%.
Is Xcel Energy's Forward PE Ratio too high?
Xcel Energy's current Forward PE Ratio is 19.14. The Utilities - Regulated industry median Forward PE Ratio is 14.61. Xcel Energy's value of 19.14 is 31% above this industry median. Based on the distribution chart, Xcel Energy ranks #202 out of 275 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Xcel Energy has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xcel Energy's Forward PE Ratio compare to ETR and EXC?
According to the Utilities - Regulated industry distribution chart, Xcel Energy ranks #202 out of 275 companies for Forward PE Ratio. This places Xcel Energy in the lower half of its industry. The industry median Forward PE Ratio is 14.61. Xcel Energy's value of 19.14 is 31% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Utilities - Regulated company?
The median Forward PE Ratio among Utilities - Regulated companies is 14.61, based on 275 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xcel Energy's current Forward PE Ratio of 19.14 is 31% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Xcel Energy and its competitors. For the Utilities - Regulated industry, the median Forward PE Ratio is 14.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xcel Energy's current Forward PE Ratio is 19.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xcel Energy stock overvalued right now?
Based on GuruFocus' analysis, Xcel Energy (XEL) is currently considered Modestly Overvalued. The stock's GF Value™ is $67.10, compared to a current price of $78.72 — trading 17.3% above its estimated fair value. The current Forward PE Ratio is 19.14 and 31% above the Utilities - Regulated industry median of 14.61. Xcel Energy's overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Xcel Energy (XEL), the current Forward PE Ratio is 19.14 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Xcel Energy (XEL) Overvalued in 2026?
Based on GuruFocus' analysis, Xcel Energy stock appears to be overvalued.
The current stock price of $78.72 is trading 17.3% above its estimated GF Value™ of $67.10.
GuruFocus considers Xcel Energy to be Modestly Overvalued.
Key valuation signals for XEL:
Forward PE Ratio: 19.14
GF Value™: $67.10 vs. price of $78.72 (17.3% above fair value)
Industry Position: 31% above the Utilities - Regulated median (#202 of 275)
No single metric tells the full story. See the XEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xcel Energy manages utilities serving 3.9 million electric customers and 2.2 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy suppliers in the US, with more than half of its electricity sales coming from carbon-free energy.
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