# TXNM Energy Inc. (TXNM) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Utilities / Electric Utilities. Price $58.56, market value $6.4 billion.

## Valuation
- **P/E (trailing): 29.3×** (5-yr avg 26.7×, 3-yr avg 31.4×). TXNM Energy Inc. trades at 29.3× trailing earnings, close to its own five-year average of 26.7×. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 18.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.9×**. Each dollar of revenue is priced at 2.9×.
- **Price / book: 1.8×**. The shares trade at 1.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.5×**. Enterprise value is 11.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -7.8%** (5-yr avg -12.8%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 3.4%**. The inverse of the P/E: 3.4% of the price is earned each year.

## Profitability
- **Operating margin: 22.6%**. 22.6% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 7.9%**. 7.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.0%**. 5.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 4.5%**. Return on all capital, debt included, is 4.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.7%**. Each dollar of assets produces 1.7% of profit.

## Growth
- **Revenue growth (1 yr): 9.0%** (3-yr -1.7%/yr, 5-yr 7.2%/yr). Revenue grew 9.0% over the last year, against 7.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -44.6%** (3-yr -9.1%/yr, 5-yr -7.2%/yr). Earnings per share fell 44.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.59**. Debt is 1.59 times equity, a leveraged balance sheet, which is normal for utilities.
- **Net debt / EBITDA: 5.2×**. It would take 5.2 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 0.55** (quick 0.55). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.10**. A Z-score of 1.10 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.89%** ($1.69 per share, trailing). TXNM Energy Inc. yields 2.89%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 96%**. 96% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 16**. 16 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 5.8%/yr** (1-yr 5.2%). The dividend has grown 5.8% a year over five years.

## Analyst view
- **Analyst consensus: hold** (5 analysts). 5 analysts cover TXNM Energy Inc.; the consensus is hold, with an average price target of $60.70 (+4% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 4.8%** (YTD 1.1%, 3-mo 1.9%). The shares are up 4.8% over twelve months including dividends.
- **From 52-week high: -1.6%** (5.2% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 56**. An RSI of 56 is neutral.
- **Beta (1 yr): 0.05** (volatility 5%). Beta of 0.05 against the S&P 500: the shares move much less than the market.

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

Not investment advice.