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Public Comps and Valuation Multiples
for Utilities

Benchmark revenue and EBITDA valuation multiples for public comps like TAQA, NextEra Energy, Constellation Energy, Iberdrola and Enel.

Utilities

See analyst estimates and all valuation multiples for Utilities
Company EV EV/LTM Revenue EV/LTM EBITDA
$242B 9.1x 15.7x
$181B 3.3x 9.3x
$179B 5.8x 12.2x
$170B 6.2x 13.7x
$162B 1.7x 6.0x
$127B 4.9x 12.2x
$116B 7.6x 21.0x
$103B 4.3x 20.8x
$103B 5.0x 12.2x
$95.8B 1.1x 5.4x
$93.9B 6.1x 12.6x
$90.6B 3.8x 10.5x
$88.7B 3.5x 8.9x
$86.7B 6.1x 14.6x
$81.4B 4.3x 14.0x
$80.5B 7.2x 11.9x
$71.4B 5.0x 12.3x
$70.4B 27.1x 29.2x
$67.1B 5.4x 12.4x
$65.7B n/a n/a
$64.6B 2.9x 10.2x
$63.9B 6.0x 14.8x
$62.1B 3.9x 11.6x
$59.6B 3.3x 8.2x
$59.3B 2.4x 5.9x
$54.4B 6.1x 13.9x
$53.1B 4.2x 11.3x
$52.2B 1.5x 6.7x
$51.4B 3.9x 12.4x
$49.9B 5.6x 12.0x
$48.9B 4.1x 9.6x
$48.1B 3.5x 10.7x
$46.0B 5.8x 13.1x
$45.3B 8.4x 9.9x
$44.7B 1.9x 7.2x
$44.4B 5.1x 10.1x
$44.1B 4.9x 12.1x
$43.7B 0.5x 4.0x
$43.3B 5.0x 11.9x
$42.8B 2.3x 7.4x
$42.1B 8.7x 15.6x
$41.9B 0.9x n/a
$40.9B 0.4x 8.9x
$40.7B 2.9x 9.1x
$40.3B 3.9x 10.9x
$40.2B 2.5x 6.4x
$39.8B 1.4x 10.2x
$39.4B 8.7x 11.8x
$38.9B 1.5x 6.1x
$38.1B 3.1x 14.0x
$37.9B 4.9x 12.6x
$36.9B 2.7x 7.1x
$36.2B 1.3x 5.9x
$35.5B n/a n/a
$35.2B 2.5x 7.4x
$34.1B 5.4x 14.6x
$33.6B 1.1x 6.2x
$33.6B 5.8x 12.3x
$33.0B 7.3x 10.6x
$32.6B 6.9x 14.4x
$31.6B 1.8x 7.2x
$31.5B 4.2x 9.1x
$31.4B 4.6x 12.2x
$30.3B 2.6x 6.4x
$30.0B 5.0x 11.1x
$29.7B 1.1x 8.8x
$29.2B 4.9x 12.4x
$28.9B 2.5x 9.0x
$28.4B 0.4x 1.5x
$28.3B 5.1x 13.9x
$26.8B 6.6x 14.4x
$26.6B 1.1x 9.6x
$25.5B 2.7x 7.0x
$24.9B 1.6x 8.5x
$24.4B 3.3x 6.2x
$23.5B 8.0x 11.5x
$23.1B 4.4x 11.6x
$22.7B 6.6x 14.8x
$22.7B 2.9x 13.9x
$22.7B 3.1x 14.0x
$22.7B 7.3x 13.4x
$22.3B 1.4x 7.4x
$20.2B 1.9x 12.0x
$20.1B 1.1x 6.1x
$19.5B 1.1x 6.9x
$18.4B 28.6x 92.9x
$18.2B 8.2x 15.1x
$17.8B 4.0x 6.8x
$17.8B 9.2x 12.2x
$17.4B 3.3x 12.1x
$17.0B 2.6x 9.9x
$17.0B n/a n/a
$16.7B 5.8x 11.5x
$16.3B 5.7x 16.6x
$16.3B 1.0x 9.4x
$16.2B 6.4x 8.6x
$16.1B 2.1x 7.7x
$16.1B 9.4x 19.2x
$15.9B 2.6x n/a
$15.6B 1.1x 7.8x
$15.4B 7.2x 11.9x
$15.4B 1.4x 6.8x
$14.7B 4.8x 11.0x
$14.7B 6.7x 15.5x
$14.7B 0.9x 5.5x
$14.6B 1.9x 6.5x
$14.4B 10.9x 20.1x
$14.3B 1.9x 7.8x
$14.1B 2.8x 9.6x
$13.8B 1.2x 5.8x
$13.8B 1.0x 3.4x
$13.7B 1.7x 6.2x
$13.6B 112.2x 32.0x
$13.4B 2.2x 10.3x
$13.3B 8.5x 12.0x
$13.3B 1.5x 7.9x
$13.0B 54.6x 15.9x
$12.9B 1.8x 5.8x
$12.8B 1.2x 5.6x
$12.4B 3.3x 7.3x
$12.1B 1.2x 9.9x
$12.0B 1.4x 9.6x
$11.7B 8.2x 9.8x
$11.7B 5.8x 13.9x
$11.4B 5.5x 12.3x
$11.4B 0.1x 5.4x
$11.0B 4.5x 10.4x
$11.0B 1.4x 8.5x
$10.7B 0.7x 6.2x
$10.7B n/a n/a
$10.4B 5.3x 13.7x
$10.2B 2.0x 10.1x
$10.1B 3.4x 25.5x
$10.0B 2.0x 9.3x
$9.9B 3.8x 9.3x
$9.7B n/a -145.7x
$9.5B 0.5x 7.3x
$9.5B 2.7x 9.3x
$9.4B 3.7x 11.5x
$9.4B 2.7x 8.5x
$9.4B 0.5x 2.8x
$9.3B 5.3x 9.8x
$9.2B 4.9x 15.0x
$9.2B 1.6x 6.3x
$9.1B 2.6x 14.1x
$8.8B 5.8x 16.0x
$8.8B 7.0x 22.1x
$8.8B 2.2x 8.6x
$8.7B 2.1x 6.0x
$8.7B n/a n/a
$8.5B 2.8x 11.0x
$8.4B 3.9x 10.2x
$8.3B 4.4x 8.2x
$8.2B 5.3x 10.0x
$8.1B 0.9x 4.3x
$8.1B 1.2x 5.4x
$7.9B 4.1x 11.5x
$7.8B 4.0x 18.6x
$7.8B 0.6x 5.4x
$7.6B 3.3x 10.4x
$7.5B 3.7x 8.5x
$7.3B 1.6x 5.2x
$7.2B 3.1x 6.1x
$7.2B 12.9x 67.6x
$6.6B 1.1x 6.8x
$6.4B 1.1x 6.6x
$6.3B 0.2x 2.7x
$6.3B 1.6x 7.0x
$6.3B 4.0x 10.5x
$6.3B 6.0x 7.5x
$6.3B 3.5x 8.8x
$6.1B 7.0x 19.4x
$6.1B 3.2x n/a
$5.9B 2.2x 10.1x
$5.9B n/a n/a
$5.8B 4.5x 3.0x
$5.6B 3.7x 12.4x
$5.6B 6.1x 12.8x
$5.5B 2.1x 17.6x
$5.4B 0.2x 5.1x
$5.3B 0.6x 3.9x
$5.2B 0.7x 6.1x
$5.2B 4.3x 8.6x
$5.2B 2.6x 5.9x
$5.1B n/a n/a
$4.9B n/a n/a
$4.9B n/a n/a
$4.7B n/a n/a
$4.6B n/a n/a
$4.5B 0.3x 2.4x
$4.5B 2.5x 5.5x
$4.5B 0.8x 6.9x
$4.4B 1.3x -11.9x
$4.4B n/a n/a
$4.4B 1.5x 8.1x
$4.4B n/a n/a
$4.3B 5.2x 13.1x
$4.3B 2.5x 6.1x
$4.2B 0.6x 2.7x
$4.1B 3.4x 12.4x
$4.1B 4.0x 11.4x
$4.0B 5.7x 12.6x
$4.0B n/a n/a
$4.0B 3.0x 8.2x
$4.0B 3.2x 10.4x
$3.9B 0.7x 9.3x
$3.9B 2.2x 9.0x
$3.9B 3.1x 11.4x
$3.9B n/a n/a
$3.9B 5.5x 15.1x
$3.8B 6.1x 15.9x
$3.7B n/a n/a
$3.7B 1.8x 16.1x
$3.6B 1.3x 5.8x
$3.6B 0.4x 2.2x
$3.6B n/a n/a
$3.5B n/a n/a
$3.5B 5.2x 10.5x
$3.5B 1.9x 6.0x
$3.4B 0.8x 7.3x
$3.3B 4.5x 9.0x
$3.2B 1.7x 13.0x
$3.1B n/a n/a
$3.1B n/a n/a
$3.1B 1.2x 6.2x
$3.0B n/a n/a
$3.0B 4.5x 70.9x
$2.9B n/a n/a
$2.9B 0.5x 3.0x
$2.9B n/a n/a
$2.8B 1.0x 11.3x
$2.8B n/a n/a
$2.8B 2.0x 5.0x
$2.8B 2.4x 11.3x
$2.7B n/a n/a
$2.6B 1.8x 9.5x
$2.6B n/a n/a
$2.4B 0.9x 8.4x
$2.4B 1.0x 5.5x
$2.3B 1.1x 5.4x
$2.3B 0.9x 11.4x
$2.3B n/a n/a
$2.3B 1.9x 3.6x
$2.3B 4.0x 10.3x
$2.3B 1.6x 10.9x
$2.2B n/a n/a
$2.1B 1.4x 2.4x
$2.1B 0.6x 2.2x
$1.9B 2.6x 5.1x
$1.9B n/a n/a
$1.9B n/a n/a
$1.7B 1.5x 10.2x
$1.6B 3.1x n/a
$1.6B 2.6x 8.3x
$1.6B 1.9x 9.0x
$1.6B 1.2x 8.2x
$1.6B 4.6x 21.9x
$1.5B 7.1x 11.7x
$1.5B 1.5x 10.0x
$1.5B n/a n/a
$1.5B n/a n/a
$1.5B 2.3x 12.5x
$1.4B 0.1x 7.4x
$1.4B 6.9x n/a
$1.3B 1.0x 5.4x
$1.3B n/a n/a
$1.2B 0.6x 3.5x
$1.2B 0.6x 7.9x
$1.2B 4.7x 8.4x
$1.2B 2.6x 5.5x
$1.2B 0.5x 4.3x
$1.1B 0.4x 8.0x
$1.1B 7.0x 9.9x
$979M 0.6x 4.0x
$914M n/a n/a
$822M 0.5x 5.1x
$803M 3.1x 12.6x
$787M n/a n/a
$733M n/a n/a
$731M 5.4x 42.1x
$704M n/a n/a
$680M n/a n/a
$662M 8.6x n/a
$622M n/a n/a
$563M 9.8x 20.2x
$561M 1.7x 35.2x
$558M 3.8x -38.5x
$520M 4.7x n/a
$520M n/a n/a
$466M 7.1x 50.0x
$460M 4.9x 14.3x
$451M 2.6x 5.7x
$442M 1.0x 28.9x
$389M n/a n/a
$383M n/a n/a
$373M n/a n/a
$370M 8.8x 41.6x
$365M 4.0x n/a
$361M n/a n/a
$351M n/a n/a
$346M n/a n/a
$341M 1.0x 3.7x
$340M 1.9x 8.0x
$278M n/a n/a
$266M n/a n/a
$251M n/a n/a
$251M 4.5x n/a
$248M 0.6x 13.8x
$245M 0.8x 14.6x
$244M n/a n/a
$237M 3.0x 56.6x
$234M n/a n/a
$233M n/a n/a
$204M 3.7x 7.6x
$198M 5.8x 8.1x
$164M n/a n/a
$146M n/a n/a
$123M 3.7x 5.8x
$103M n/a n/a
$86.1M 6.2x 14.7x
$85.1M n/a n/a
$84.5M n/a n/a
$82.3M 3.9x 0.6x
$79.1M n/a n/a
$74.6M n/a n/a
$71.9M 1.9x 4.4x
$68.5M n/a n/a
$66.7M 1.9x n/a
$64.4M n/a n/a
$60.3M n/a n/a
$57.5M n/a n/a
$56.4M 0.1x 2.4x
$52.4M 1.4x 5.6x
$48.6M 7.0x n/a
$43.2M n/a n/a
$40.8M 3.1x -2.2x
$40.5M n/a n/a
$39.5M n/a n/a
$30.1M 1.7x -41.2x
$27.8M 0.4x 53.0x
$20.1M 2.2x -13.9x
$20.1M 3.5x -2.4x
$16.7M n/a n/a
$14.1M n/a n/a
$12.8M n/a n/a
$12.4M n/a n/a
$11.6M n/a n/a
$10.7M n/a n/a
$10.3M n/a n/a
$8.1M n/a n/a
$7.7M 2.4x -32.9x
$6.8M n/a n/a
$6.8M n/a n/a
$6.7M n/a n/a
$6.2M n/a n/a
$5.9M n/a n/a
$5.1M n/a n/a
$4.1M n/a n/a
$3.9M n/a n/a
$3.9M n/a n/a
$3.4M n/a n/a
$3.1M n/a n/a
$2.7M n/a n/a
$2.3M n/a n/a
$2.0M n/a n/a
$1.7M 4.9x -0.1x
-$0.5M n/a n/a
-$5.7M -0.1x 0.2x
-$6.1M n/a n/a

Valuation multiples as of last 12 months (LTM). Financial data powered by Morningstar, Inc.

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