MDDNF (Meridian Energy) Forward PE Ratio : 42.35 (As of Dec. 04, 2024)

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What is Meridian Energy Forward PE Ratio?

Meridian Energy's Forward PE Ratio for today is 42.35.

Meridian Energy's PE Ratio without NRI for today is 33.64.

Meridian Energy's PE Ratio (TTM) for today is 35.29.

Meridian Energy Forward PE Ratio Historical Data

The historical data trend for Meridian Energy's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Meridian Energy Forward PE Ratio Chart

Meridian Energy Annual Data

Trend

2017-12

2018-09

2019-12

2020-12

2021-12

2022-12

2023-12

2024-11

Forward PE Ratio

31.85

34.48

42.74

70.92

54.05

45.25

40.32

44.59

Meridian Energy Semi-Annual Data
	2017-09	2017-12	2018-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03	2024-06	2024-09
Forward PE Ratio	33.44	31.85	32.89	44.44	44.64	42.74	44.64	46.73	51.02	70.92	70.92	61.73	59.52	54.05	53.19	45.45	51.81	45.25	37.45	45.25	39.53	40.32	32.05	35.09	45.05

Competitive Comparison of Meridian Energy's Forward PE Ratio

For the Utilities - Renewable subindustry, Meridian Energy's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Meridian Energy's Forward PE Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Meridian Energy's Forward PE Ratio falls into.

Meridian Energy Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Meridian Energy (OTCPK:MDDNF) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Meridian Energy Forward PE Ratio Related Terms

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Meridian Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Meridian Energy Ltd (OTCPK:MDDNF) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

MEL:New Zealand 15M1:Germany MEZ:Australia

Address

98 Customhouse Quay, Level 2, Wellington, STL, NZL, 6011

Website

https://www.meridianenergy.co.nz

Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.