Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 17.64 as of 2026-10-02T20:56:12.158Z.
Consensus retrieved: 2026-10-02T16:52:10.914Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-10-02T20:56:12.158Z.
Quote observation: 2026-10-02T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 04b578ffe3760183ce98fcfaecfde98f976033968bd2eea535523165a5197a01
Forward PE Ratio (17.64) = Dated Quote Price ($39.38) / Consensus Forward EPS ($2.23)
FORWARD PE RATIO
17.64
SECTOR MEDIAN · UTILITIES
16.88
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
+4.50%
vs the sector median at left
Essential Utilities, Inc.
Market Cap
$11.17B
Forward PE Ratio
17.64
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Essential Utilities, Inc. (WTRG) | $11.17B | 17.64 |
| Pinnacle West Capital Corporation (PNW)vs › | $11.62B | 20.27 |
| The AES Corporation (AES)vs › | $10.63B | 6.51 |
| Brookfield Renewable Partners L.P. (BEP)vs › | $8.67B | N/A |
| UGI Corporation (UGI)vs › | $7.98B | 11.50 |
| Talen Energy Corporation (TLN)vs › | $14.56B | 15.60 |
| Oklo Inc. (OKLO)vs › | $6.24B | N/A |
| Clearway Energy, Inc. (CWEN)vs › | $6.03B | N/A |
| Alliant Energy Corporation (LNT)vs › | $16.61B | 18.79 |
| Black Hills Corporation (BKH)vs › | $5.40B | 16.34 |
Trailing P/E
20.1
reported TTM EPS
Forward P/E
17.6
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.23 implies +13.8% EPS growth vs the reported trailing $1.96.
At the dated quote price of $39.38, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.23 | $2.12 – $2.29 | 4 | 17.6x |
| 2027-12-31 | $2.36 | $2.32 – $2.44 | 5 | 16.7x |
| 2028-12-31 | $2.49 | $2.39 – $2.58 | 3 | 15.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
