The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), NextEra Energy's share price is $66.90. NextEra Energy's Book Value per Share for the quarter that ended in Mar. 2024 was $23.68. Hence, NextEra Energy's PB Ratio of today is 2.83.
The historical rank and industry rank for NextEra Energy's PB Ratio or its related term are showing as below:
NEE'
s PB Ratio Range Over the Past 10 Years
Min: 1.97 Med: 2.59 Max: 4.93
Current: 2.83
During the past 13 years, NextEra Energy's highest PB Ratio was 4.93. The lowest was 1.97. And the median was 2.59.
NEE's PB Ratio is ranked worse than 83.2% of 512
companies
in the Utilities - Regulated industry
Industry Median: 1.395
vs NEE: 2.83
During the past 12 months, NextEra Energy's average Book Value Per Share Growth Rate was 11.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of NextEra Energy was 13.40% per year. The lowest was 1.40% per year. And the median was 7.50% per year.
Back to Basics: PB Ratio
NextEra Energy PB Ratio Historical Data
The historical data trend for NextEra Energy's PB 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.
Competitive Comparison of NextEra Energy's PB Ratio
For the Utilities - Regulated Electric subindustry, NextEra Energy's PB Ratio, along with its competitors' market caps and PB 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.
NextEra Energy's PB Ratio Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, NextEra Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where NextEra Energy's PB Ratio falls into.
NextEra Energy PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
NextEra Energy's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
NextEra Energy PB Ratio Related Terms
Thank you for viewing the detailed overview of NextEra Energy's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
NextEra Energy (NextEra Energy) Business Description
NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 32 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 25 GW of generation capacity, including natural gas, nuclear, wind, and solar.
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