P/E ratio for PNM Resources (PNM)

P/E ratio history for PNM Resources from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Xcel Energy XEL	21.6	-7.65%	🇺🇸 USA
Idacorp IDA	20.4	-12.60%	🇺🇸 USA
Edison International EIX	24.8	6.18%	🇺🇸 USA
Nextera Energy NEE	19.0	-18.39%	🇺🇸 USA
Pinnacle West Capital PNW	20.2	-13.50%	🇺🇸 USA
Pacific Gas and Electric PCG	22.2	-5.06%	🇺🇸 USA
NorthWestern Corporation NWE	17.6	-24.49%	🇺🇸 USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.