Lowest P/E Utilities stocks
Utilities companies worth over $1 billion with the lowest price-to-earnings ratio (positive earnings only). A low P/E can mean cheap, or earnings the market expects to fall.
Top of the list: Korea Electric Power Corp ADR (KEP) 2.25x; Central Puerto (CEPU) 5.67x; Edison International (EIX) 5.93x.
The median p/e across these 50 companies is 18.2x.
| # | Company | P/E | P/FCF | Market cap | Revenue growth | Net margin |
|---|---|---|---|---|---|---|
| 1 | Korea Electric Power Corp ADRKEP | 2.25x | 0.00x | $13.1B | +5.8% | 3.8% |
| 2 | Central Puerto S.A.CEPU | 5.67x | 0.02x | $1.8B | +8.1% | 6.7% |
| 3 | Edison InternationalEIX | 5.93x | — | $21.2B | +7.7% | 18.1% |
| 4 | Companhia Energetica de Minas Gerais CEMIG Pref ADRCIG | 7.08x | 2.08x | $6.9B | +8.1% | 17.9% |
| 5 | The AES CorporationAES | 7.80x | — | $10.7B | +19.9% | 14.3% |
| 6 | Suburban Propane Partners LPSPH | 9.08x | 10.3x | $1.2B | +0.5% | 9.4% |
| 7 | PG&E CorpPCG | 10.1x | — | $28.6B | +0.1% | 11.8% |
| 8 | Enel Chile SA ADRENIC | 11.8x | 8.91x | $6.2B | -8.4% | 3.7% |
| 9 | Hawaiian Electric Industries IncHE | 12.2x | 31.1x | $1.6B | +25.9% | 6.9% |
| 10 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADRSBS | 13.0x | 2.88x | $22.9B | +41.4% | 26.5% |
| 11 | UGI CorporationUGI | 13.7x | 21.4x | $8.3B | -4.5% | 9.2% |
| 12 | Avista CorporationAVA | 14.0x | — | $2.9B | +0.5% | 11.8% |
| 13 | Eversource EnergyES | 14.2x | 21.2x | $24.9B | +2.3% | 10.3% |
| 14 | NewJersey Resources CorporationNJR | 15.2x | — | $5.2B | +16.8% | 16.4% |
| 15 | Exelon CorporationEXC | 15.5x | — | $43.3B | +7.9% | 11.2% |
| 16 | Public Service Enterprise Group IncPEG | 16.0x | 111.0x | $36.1B | -8.9% | 16.0% |
| 17 | Spire IncSR | 16.1x | — | $4.7B | +4.5% | 14.1% |
| 18 | One Gas IncOGS | 16.2x | — | $4.5B | — | — |
| 19 | Northwest Natural Gas CoNWN | 16.4x | — | $2.0B | +3.1% | 9.8% |
| 20 | CMS Energy CorporationCMS | 17.7x | — | $19.8B | -0.5% | 11.6% |
| 21 | American Electric Power Co IncAEP | 17.8x | 9.59x | $65.4B | +10.2% | 16.3% |
| 22 | Ameren CorpAEE | 17.9x | — | $27.6B | -5.8% | 17.9% |
| 23 | Duke Energy CorporationDUK | 18.0x | — | $91.4B | +11.3% | 15.5% |
| 24 | Consolidated Edison IncED | 18.2x | 1106.4x | $39.8B | +6.2% | 12.5% |
| 25 | MGE Energy IncMGEE | 18.2x | — | $2.7B | +10.8% | 18.6% |
| 26 | Dominion Energy IncD | 18.2x | — | $53.4B | +23.1% | 16.9% |
| 27 | National Grid PLC ADRNGG | 18.5x | — | $73.6B | -7.4% | 15.8% |
| 28 | Pinnacle West Capital CorpPNW | 18.6x | — | $12.1B | +7.1% | 11.5% |
| 29 | Nextera Energy IncNEE | 18.6x | 47.7x | $153.2B | +7.3% | 29.4% |
| 30 | Emera IncorporatedEMA | 19.2x | — | $13.9B | +21.9% | 11.6% |
| 31 | Essential Utilities IncWTRG | 19.5x | — | $10.8B | +3.1% | 21.6% |
| 32 | Black Hills CorporationBKH | 19.5x | — | $5.7B | +3.1% | 13.0% |
| 33 | Atmos Energy CorporationATO | 19.5x | — | $26.5B | +4.8% | 28.5% |
| 34 | MDU Resources Group IncMDU | 20.1x | — | $3.9B | +6.9% | 10.8% |
| 35 | H2O AmericaHTO | 20.2x | — | $2.5B | +9.4% | 12.9% |
| 36 | Chesapeake Utilities CorporationCPK | 20.2x | — | $3.0B | +4.7% | 15.1% |
| 37 | Companhia Paranaense de Energia - COPELELPC | 20.3x | 18.0x | $10.8B | +5.5% | 12.4% |
| 38 | NiSource IncNI | 20.4x | — | $19.7B | +3.5% | 8.0% |
| 39 | DTE Energy CompanyDTE | 20.5x | — | $26.0B | +15.8% | 7.7% |
| 40 | Portland General Electric CoPOR | 20.7x | — | $5.4B | +1.6% | 7.3% |
| 41 | PPL CorporationPPL | 20.7x | — | $25.4B | +10.8% | 13.1% |
| 42 | WEC Energy Group IncWEC | 20.8x | — | $33.9B | +2.6% | 16.7% |
| 43 | Alliant Energy CorpLNT | 20.9x | — | $17.2B | +5.0% | 18.6% |
| 44 | OGE Energy CorporationOGE | 21.0x | 117.8x | $9.7B | -0.6% | 14.4% |
| 45 | Xcel Energy IncXEL | 21.2x | 8.75x | $46.0B | -5.1% | 15.3% |
| 46 | Fortis IncFTS | 21.5x | — | $27.0B | +5.8% | 14.4% |
| 47 | Evergy, Inc.EVRG | 21.7x | — | $18.8B | +5.0% | 14.6% |
| 48 | Southern CompanySO | 22.3x | — | $98.2B | +8.0% | 14.5% |
| 49 | American Water WorksAWK | 22.3x | — | $24.6B | +6.2% | 21.4% |
| 50 | IDACORP IncIDA | 22.4x | — | $7.5B | +1.8% | 17.8% |
Ranked from each company's latest price and reported results. Companies need a page on Investingly (SEC statements on file). Open any company for its reverse DCF, insider buying and 13F holders.
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Questions
Which company ranks first on the lowest p/e utilities stocks list?
Korea Electric Power Corp ADR (KEP), with a p/e of 2.25x, as of October 12, 2026.
How is this list built?
US companies worth over $1 billion with the lowest price-to-earnings ratio (positive earnings only). A low P/E can mean cheap, or earnings the market expects to fall. It shows the top 50 and is rebuilt every day.
Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.