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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| NextEra Energy | United States of America | Utilities, Energy Exploration & Generation | $94 | $288B | 10.2x | 17.8x |
| Iberdrola | Spain | Utilities, Wind, Energy Exploration & Generation | €20 | $220B | 4.0x | 11.3x |
| Duke Energy | United States of America | Utilities | $128 | $191B | 6.0x | 12.6x |
| Enel | Italy | Utilities, Energy Exploration & Generation | €9 | $183B | 2.0x | 6.7x |
| Southern Company | United States of America | Utilities | $95 | $175B | 6.1x | 13.4x |
| National Grid | United Kingdom of Great Britain and Northern Ireland | Utilities | £14 | $150B | 5.6x | 13.8x |
| American Electric Power | United States of America | Utilities | $130 | $119B | 5.6x | 13.5x |
| Engie | France | Energy Exploration & Generation, Utilities | €26 | $119B | 1.4x | 6.9x |
| KEPCO | South Korea | Utilities | KRW 59800 | $113B | 1.7x | 5.7x |
| Constellation Energy | United States of America | Utilities, Energy Exploration & Generation | $288 | $110B | 4.6x | 21.1x |
| Dominion Energy | United States of America | Utilities | $67 | $105B | 6.6x | 14.1x |
| TAQA | United Arab Emirates | Utilities, Energy Exploration & Generation | AED 3 | $104B | 6.7x | 19.8x |
| PG&E | United States of America | Utilities | $18 | $102B | 4.0x | 10.0x |
| Exelon | United States of America | Utilities | $48 | $98.3B | 4.1x | 11.2x |
| Sempra | United States of America | Energy Services, Utilities | $95 | $94.6B | 6.5x | 15.9x |
| China National Nuclear | China | Utilities | CNY 9 | $83.9B | 7.0x | 12.0x |
| Xcel Energy | United States of America | Utilities | $82 | $82.7B | 5.6x | 13.8x |
| Vistra | United States of America | Energy Exploration & Generation, Nuclear, Solar, Energy Storage, Utilities | $171 | $77.5B | 4.0x | 13.2x |
| Entergy | United States of America | Utilities | $105 | $76.5B | 6.0x | 13.5x |
| Edison International | United States of America | Utilities | $71 | $68.2B | 3.6x | 7.8x |
| Saudi Electricity | Saudi Arabia | Utilities | SAR 14 | $67.8B | 2.6x | 6.4x |
| Consolidated Edison | United States of America | Utilities | $114 | $67.5B | 4.1x | 12.1x |
| REC Ltd. | India | Utilities, Lending Solutions | INR 347 | $66.9B | 26.8x | 28.2x |
| PSEG | United States of America | Utilities | $86 | $66.3B | 5.6x | 14.2x |
| Barito Renewables Energy | Indonesia | Utilities | IDR 8000 | $65.5B | N/A | N/A |
| NTPC | India | Utilities | INR 363 | $63.4B | 3.0x | 10.4x |
| WEC Energy Group | United States of America | Utilities | $116 | $60.0B | 6.4x | 14.9x |
| SSE | United Kingdom of Great Britain and Northern Ireland | Utilities, Energy Exploration & Generation | £26 | $57.3B | 4.1x | 12.7x |
| Eversource Energy | United States of America | Utilities | $73 | $57.1B | 4.5x | 11.4x |
| Fortis | Canada | Utilities | CAD 77 | $55.5B | 6.0x | 12.8x |
| DTE Energy | United States of America | Utilities | $145 | $55.4B | 4.0x | 12.9x |
| FirstEnergy | United States of America | Utilities | $50 | $55.0B | 3.9x | 12.0x |
| Huaneng Power | China | Utilities, Energy Exploration & Generation | CNY 6 | $54.2B | 1.6x | 6.1x |
| E.ON | Germany | Utilities, Energy Services | €19 | $52.9B | 0.5x | 4.6x |
| CGN Power | Hong Kong | Energy Exploration & Generation, Nuclear, Utilities | HKD 4 | $51.2B | 4.2x | 9.7x |
| Endesa | Spain | Utilities | €32 | $50.8B | 1.9x | 7.7x |
| Ameren | United States of America | Utilities | $111 | $50.8B | 6.1x | 13.7x |
| CenterPoint Energy | United States of America | Utilities | $43 | $49.4B | 5.4x | 13.3x |
| NRG Energy | United States of America | Utilities, Energy Services, Energy Exploration & Generation | $172 | $49.2B | 1.7x | 12.2x |
| Dubai Electricity & Water | United Arab Emirates | Utilities, Water | AED 3 | $48.0B | 5.3x | 10.2x |
| RWE | Germany | Energy Services, Utilities, Energy Exploration & Generation | €50 | $47.8B | 1.8x | 8.3x |
| EDP-Energias De Portugal | Portugal | Energy Exploration & Generation, Wind, Utilities | €4 | $46.6B | 2.4x | 8.1x |
| Snam | Italy | Energy Services, Utilities | €6 | $46.0B | 10.1x | 13.1x |
| PPL Corp. | United States of America | Utilities | $38 | $45.9B | 5.2x | 12.6x |
| Naturgy Energy Group | Spain | Utilities, Energy Services | €26 | $44.2B | 1.8x | 7.0x |
| Cheniere Energy Partners | United States of America | Utilities, Fossil Fuels | $60 | $43.5B | 4.1x | 12.0x |
| Tokyo Electric Power | Japan | Utilities, Water, Nuclear, Energy Exploration & Generation | JPY 690 | $42.6B | 1.0x | N/A |
| Power Grid India | India | Utilities | INR 287 | $42.4B | 8.2x | 9.7x |
| CMS Energy | United States of America | Utilities | $77 | $42.1B | 5.1x | 13.7x |
| IndianOil | India | Utilities, Fossil Fuels, Energy Exploration & Generation | INR 177 | $41.8B | 0.5x | 7.3x |
| American Water Works Co | United States of America | Utilities, Water | $133 | $41.3B | 8.2x | 14.5x |
| AES | United States of America | Utilities, Energy Exploration & Generation | $16 | $40.7B | 3.4x | 14.6x |
| CEZ | Czechia | Utilities, Nuclear, Energy Exploration & Generation | CZK 1150 | $40.5B | 2.5x | 6.3x |
| EnBW | Germany | Utilities, Environmental & Facilities Services | €70 | $39.9B | N/A | N/A |
| Tenaga Nasional | Malaysia | Utilities | MYR 14 | $39.5B | 2.4x | 7.6x |
| Kansai Electric Power | Japan | Utilities, Water, Nuclear, Energy Exploration & Generation | JPY 2746 | $39.4B | 1.5x | 7.6x |
| Atmos Energy | United States of America | Utilities, Energy Services | $179 | $38.9B | 7.9x | 16.2x |
| Hydro One | Canada | Utilities | CAD 56 | $38.7B | 5.9x | 15.7x |
| Terna | Italy | Utilities | €10 | $38.0B | 7.9x | 11.7x |
| NiSource | United States of America | Utilities, Energy Services | $46 | $37.6B | 6.1x | 13.0x |
| China Resources Power | Hong Kong | Energy Exploration & Generation, Wind, Solar, Water, Utilities | HKD 18 | $36.9B | 2.8x | 7.0x |
| Orsted | Denmark | Energy Exploration & Generation, Wind, Solar, Energy Exploration & Generation, Utilities | DKK 147 | $34.2B | 3.0x | 8.9x |
| Adani Power | India | Energy Exploration & Generation, Solar, Utilities | INR 140 | $33.8B | 5.3x | 13.9x |
| Evergy | United States of America | Utilities | $83 | $33.7B | 5.6x | 12.4x |
| China Power | Hong Kong | Utilities, Energy Exploration & Generation | HKD 3 | $33.3B | 4.8x | 8.9x |
| CLP Group | Hong Kong | Utilities | HKD 77 | $32.9B | 2.9x | 10.8x |
| Datang International | China | Energy Exploration & Generation, Wind, Solar, Water, Utilities | CNY 3 | $32.2B | 1.8x | 6.2x |
| Emera | Canada | Utilities | CAD 70 | $31.7B | 5.1x | 12.2x |
| Elia Group | Belgium | Utilities | €130 | $30.3B | 4.9x | 13.1x |
| Alliant Energy | United States of America | Utilities | $71 | $29.5B | 7.3x | 15.6x |
| Chubu Electric Power | Japan | Utilities, Energy Exploration & Generation | JPY 2618 | $29.3B | 1.3x | 12.3x |
| EDP Renovaveis | Portugal | Energy Exploration & Generation, Wind, Solar, Energy Exploration & Generation, Utilities | €13 | $28.6B | 9.2x | 12.7x |
| Korea Gas | South Korea | Energy Services, Utilities | KRW 42000 | $26.7B | 1.1x | 9.0x |
| Italgas | Italy | Utilities | €11 | $26.4B | 8.9x | 11.8x |
| Pinnacle West Capital | United States of America | Utilities | $99 | $26.1B | 4.9x | 13.0x |
| Severn Trent | United Kingdom of Great Britain and Northern Ireland | Utilities, Water | £32 | $25.9B | 7.0x | 15.0x |
| United Utilities | United Kingdom of Great Britain and Northern Ireland | Utilities, Water | £14 | $25.6B | 7.6x | 13.0x |
| Huadian Power | China | Utilities, Energy Exploration & Generation | CNY 5 | $25.1B | 1.4x | 7.2x |
| Sabesp | Brazil | Utilities, Water | BRL 152 | $25.0B | 5.7x | 9.7x |
| Towngas | Hong Kong | Utilities, Energy Services | HKD 8 | $24.9B | 3.3x | 15.8x |
| Kyushu Electric Power | Japan | Utilities, Nuclear, Water, Energy Exploration & Generation | JPY 1863 | $24.5B | 1.7x | 8.7x |
| Verbund | Austria | Utilities, Water, Energy Exploration & Generation | €58 | $24.0B | 2.6x | 7.2x |
| Tokyo Gas | Japan | Utilities, Energy Exploration & Generation | JPY 7769 | $22.9B | 1.3x | 8.3x |
| CK Infrastructure Holdings | Hong Kong | Utilities | HKD 64 | $22.8B | 34.8x | 123.0x |
| Fortum | Finland | Utilities | €19 | $22.4B | 3.5x | 14.7x |
| Shanghai Electric Power | China | Utilities, Wind, Solar, Energy Exploration & Generation | CNY 20 | $21.6B | 3.5x | N/A |
| Osaka Gas | Japan | Utilities, Water | JPY 6640 | $20.7B | 1.6x | 10.5x |
| Tata Power | India | Energy Exploration & Generation, Utilities | INR 374 | $20.1B | 2.6x | 12.6x |
| Talen Energy | United States of America | Energy Exploration & Generation, Utilities | $377 | $19.7B | 8.3x | 20.1x |
| Tohoku Electric Power | Japan | Energy Exploration & Generation, Wind, Solar, Water, Nuclear, Utilities | JPY 1199 | $19.7B | 1.2x | 6.8x |
| Essential Utilities | United States of America | Utilities, Water, Energy Services | $40 | $19.2B | 8.2x | 15.4x |
| Chugoku Electric Power | Japan | Utilities, Water, Nuclear, Energy Exploration & Generation | JPY 1047 | $19.2B | 2.0x | 12.0x |
| Equatorial Energia | Brazil | Utilities | BRL 41 | $19.1B | 2.4x | 8.0x |
| Brookfield Infrastructure | Canada | Utilities, Energy Services | CAD 67 | $18.8B | N/A | N/A |
| Canadian Utilities | Canada | Utilities | CAD 46 | $18.6B | 6.2x | 11.8x |
| APA Group | Australia | Energy Services, Utilities | AUD 9 | $17.8B | 7.7x | 12.1x |
| Origin Energy | Australia | Energy Exploration & Generation, Utilities | AUD 12 | $17.5B | 1.5x | 7.5x |
| Adani Energy Solutions | India | Utilities, Energy Services | INR 988 | $17.3B | 6.0x | 17.4x |
| Power Assets Holdings | Hong Kong | Energy Exploration & Generation, Utilities | HKD 62 | $17.1B | 154.5x | 268.6x |
| Neoenergia | Brazil | Utilities, Energy Exploration & Generation | BRL 33 | $17.0B | 2.1x | 7.4x |
Valuation multiples as of last 12 months (LTM). Stock prices as of February 15, 2026. Financial data powered by Morningstar and FactSet.
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