# Xcel Energy Inc. (XEL) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Utilities / Electric Utilities. Price $78.76, market value $50.6 billion.

## Valuation
- **P/E (trailing): 18.4×** (5-yr avg 19.4×, 3-yr avg 19.2×). Xcel Energy Inc. trades at 18.4× trailing earnings, close to its own five-year average of 19.4×. The Utilities median in the September 2026 study was 21.2×. Forward P/E is 17.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.4×**. Each dollar of revenue is priced at 4.4×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 23.2×**. Enterprise value is 23.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -15.1%** (5-yr avg -6.7%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 5.4%**. The inverse of the P/E: 5.4% of the price is earned each year.

## Profitability
- **Operating margin: 17.0%**. 17.0% of revenue is left after running the business, a healthy level in most sectors.
- **Return on equity: 8.5%**. 8.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.0%**. Return on all capital, debt included, is 3.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.5%**. Each dollar of assets produces 1.5% of profit.

## Growth
- **EPS growth (1 yr): -0.6%** (3-yr 2.6%/yr, 5-yr 4.2%/yr). Earnings per share fell 0.6%.

## Financial health
- **Debt to equity: 1.44**. Debt is 1.44 times equity, a leveraged balance sheet, which is normal for utilities.
- **Net debt / EBITDA: 9.3×**. It would take 9.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.8×**. Operating profit covers interest 2.8×, thin but manageable.
- **Current ratio: 0.71** (quick 0.71). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.01%** ($2.35 per share, trailing). Xcel Energy Inc. yields 3.01%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 64%**. 64% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 10.5%/yr** (1-yr 72.0%). The dividend has compounded at 10.5% a year over five years, doubling roughly every 7 years at that pace.

## Analyst view
- **Analyst consensus: strong_buy** (19 analysts). 19 analysts cover Xcel Energy Inc.; the consensus is strong_buy, with an average price target of $89.16 (+13% 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): -0.0%** (YTD 9.0%, 3-mo 2.1%). The shares are down 0.0% over twelve months including dividends.
- **From 52-week high: -6.5%** (14.6% above the low). Trading 6% below 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): 65**. An RSI of 65 is neutral.
- **Beta (1 yr): -0.02** (volatility 19%). Beta of -0.02 against the S&P 500: the shares move much less than the market.

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

Not investment advice.