# Spire Inc. (SR) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Utilities / Gas Utilities. Price $82.68, market value $4.9 billion.

## Valuation
- **P/E (trailing): 18.3×** (5-yr avg 13.9×, 3-yr avg 15.4×). Spire Inc. trades at 18.3× trailing earnings, well above its own five-year average of 13.9×: investors are paying up relative to the company's past. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 15.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 3.50**. A PEG of 3.50 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.4×**. The shares trade at 1.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.6×**. Enterprise value is 10.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -4.6%** (5-yr avg -9.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 5.5%**. The inverse of the P/E: 5.5% of the price is earned each year.

## Profitability
- **Operating margin: 21.2%**. 21.2% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 11.0%**. 11.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.0%**. 8.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.7%**. Return on all capital, debt included, is 5.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.3%**. Each dollar of assets produces 2.3% of profit.

## Growth
- **Revenue growth (1 yr): -4.5%** (3-yr 4.0%/yr, 5-yr 5.9%/yr). Revenue fell 4.5% over the last year, against 5.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 4.3%** (3-yr 3.4%/yr, 5-yr 24.9%/yr). Earnings per share rose 4.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.14**. Debt is 1.14 times equity, a leveraged balance sheet, which is normal for utilities.
- **Net debt / EBITDA: 4.7×**. It would take 4.7 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.99%** ($3.26 per share, trailing). Spire Inc. yields 3.99%, an income-level yield.
- **Payout ratio: 67%**. 67% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 4.8%/yr** (1-yr 4.3%). The dividend has grown 4.8% a year over five years.

## Price and momentum
- **Total return (1 yr): 14.7%** (YTD 1.9%, 3-mo 1.4%). The shares are up 14.7% over twelve months including dividends.
- **From 52-week high: -13.3%** (11.0% above the low). Trading 13% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): -0.12** (volatility 19%). Beta of -0.12 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SR · Page: https://foliofundamentals.com/stocks/sr

Not investment advice.