NEE EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
NEE's ev/ebitda is right around its 10-year median of 15.6.
EV/EBITDA History
NEE EV/EBITDA by year
Yearly range of NEE’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 8.9 to 39.4, averaging 17.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 15.7 | 16.9 | 18.1 | 16.0 |
| 2025 | 15.6 | 17.2 | 18.9 | 16.1 |
| 2024 | 10.9 | 14.0 | 17.3 | 16.3 |
| 2023 | 10.9 | 15.7 | 24.3 | 12.3 |
| 2022 | 23.2 | 28.9 | 34.5 | 26.2 |
| 2021 | 21.5 | 29.2 | 39.4 | 29.9 |
| 2020 | 12.4 | 17.0 | 22.9 | 22.9 |
| 2019 | 9.1 | 13.5 | 15.5 | 15.2 |
| 2018 | 8.9 | 10.3 | 12.5 | 9.3 |
| 2017 | 9.3 | 9.9 | 10.4 | 10.2 |
| 2016 | 9.5 | 10.0 | 10.5 | 9.9 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is NEE EV/EBITDA High or Low Right Now?
NextEra Energy, Inc.'s EV/EBITDA is currently 16.0, which is around average relative to its 10-year historical range. The 10-year median EV/EBITDA for NEE is approximately 15.6. See all NEE valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.