The Regulated Electric industry today
How the Regulated Electric industry stands against its own history and against the 500 largest US companies. We do not say where it goes next.
Close of Friday 6 November 2026 · updated every trading day
34 US companies of $300 million or more · $1.17T in total
ValuationWe compare today's value with every month since 2006. The usual range holds the middle 40% of those months. The marks show the value 1 month, 1 year and 5 years ago.
Prices against profits, sales and dividends
Price to earnings (P/E)What this measures: the total market value of the companies divided by their total profit of the last 12 months. Companies that lose money count too.
How high are prices against profits?
In the usual range
Normal · in the middle of its range since 2006
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Last 10 yearsEach point is one month. The dot is today.
Price to sales (P/S)What this measures: the total market value of the companies divided by their total sales of the last 12 months.
How high are prices against sales?
Far higher than usual
High · higher than in 9 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Dividend yieldWhat this measures: the dividends of the last 12 months divided by the total market value, in percent. A low yield goes with high prices.
How much do the companies pay in dividends for their price?
Far less than usual
Low · lower than in 9 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Returns
How did the industry do against the 500 largest US companies?
| Period | This industry | 500 largest | Difference |
|---|---|---|---|
| 1 month | +10.9% | −1.4% | 12.3 pts more |
| 1 year | +6.2% | +9.9% | 3.7 pts less |
| 5 years | +41.6% | +65.7% | 24.0 pts less |
Total returns with dividends, weighted by market value, to the close of October 2026. Past results do not show future results.
Largest companies
The three largest companies
- 01NextEra Energy, Inc.NEE15.6% of the industry
- 02The Southern CompanySO9.1% of the industry
- 03Duke Energy CorporationDUK8.5% of the industry
Show all 10
- 04American Electric Power Company, Inc.AEP5.9% of the industry
- 05Dominion Energy, Inc.D5.2% of the industry
- 06Entergy CorporationETR4.5% of the industry
- 07Xcel Energy Inc.XEL4.4% of the industry
- 08Exelon CorporationEXC4.0% of the industry
- 09Entergy Louisiana, LLC COLLATERAL TR MTELC3.9% of the industry
- 10Consolidated Edison, Inc.ED3.7% of the industry
Map
Its companies among the 500 largest
The map shows the industry's companies among the 500 largest US companies: 23 of its 34 companies.
The typical companyThe median of the industry's US companies. We show a figure only when 5 or more companies have it.
The typical company in this industry
- Operating margin31 companies2215.0%
- Sales growth over 1 year31 companies147.0%
- Return on invested capital26 companies569.0%


