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Xcel Energy Inc. (XEL)
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Xcel Energy Inc. (XEL) EV/EBITDA Ratio: 13.96x

Is Xcel Energy Inc.’s EV/EBITDA ratio high or low?

Xcel Energy Inc.'s EV/EBITDA ratio of 13.96x is 11% above its 5-year average of 12.59x, near the high end of its 5-year range (10.39x–14.49x).

The EV/EBITDA ratio for Xcel Energy Inc. (XEL) is 13.96x as of Tuesday, June 9, 2026. It is above its 12-month average by 4.76% (13.33x).

XEL EV/EBITDA Ratio Chart

XEL EV/EBITDA Ratio
13.96x+11.86% 1Y
Zoom

XEL Average EV/EBITDA Ratio Chart

XEL Current vs Average EV/EBITDA Ratio Chart

XEL EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

13.96x

EV/EBITDA RATIO AVG TTM

13.33x

EV/EBITDA RATIO AVG 3Y

12.19x

EV/EBITDA RATIO AVG 5Y

12.59x

EV/EBITDA RATIO AVG 10Y

12.06x

EV/EBITDA RATIO AVG 15Y

10.97x

EV/EBITDA RATIO AVG 20Y

9.88x

CURRENT VS TTM AVG

+4.76%

CURRENT VS 3Y AVG

+14.51%

CURRENT VS 5Y AVG

+10.92%

CURRENT VS 10Y AVG

+15.79%

CURRENT VS 15Y AVG

+27.22%

CURRENT VS 20Y AVG

+41.24%

XEL Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Xcel Energy Inc. (XEL)13.96x13.33x12.19x12.59x
Exelon Corporation (EXC)$46.38B10.90x10.76x10.66x9.87x
Consolidated Edison, Inc. (ED)$39.21B9.43x9.90x10.05x10.87x
Dominion Energy, Inc. (D)$58.27B13.85x12.84x12.28x13.56x
Sempra (SRE)$59.40B15.48x15.13x14.61x16.36x
WEC Energy Group, Inc. (WEC)$36.84B14.71x13.91x13.36x13.82x
American Electric Power Company, Inc. (AEP)$69.51B13.95x12.68x12.47x12.46x
Duke Energy Corporation (DUK)$96.53B11.60x11.75x11.61x12.26x
The Southern Company (SO)$104.78B12.46x12.36x12.46x12.97x
NextEra Energy, Inc. (NEE)$176.90B16.24x17.75x15.32x20.73x

EV/EBITDA vs. its own history

At 14.0, EV/EBITDA is richer than usual — richer than 97% of its 20-year range.

20-year low

3.9

median

9.8

20-year high

14.5

cheaperricher

Understanding EV/EBITDA

Enterprise Value (EV) = Market Cap + Total Debt - Cash

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

Xcel Energy Inc. EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Xcel Energy Inc. EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Xcel Energy Inc. (XEL)?
The EV/EBITDA ratio for XEL stock is 13.96x.
Is Xcel Energy Inc.'s EV/EBITDA ratio high or low?
Xcel Energy Inc.'s EV/EBITDA ratio of 13.96x is 11% above its 5-year average of 12.59x, near the high end of its 5-year range (10.39x–14.49x).
What is the TTM average EV/EBITDA ratio for Xcel Energy Inc. (XEL)?
The TTM average EV/EBITDA ratio for XEL stock is 13.33x.
What is the 3Y average EV/EBITDA ratio for Xcel Energy Inc. (XEL)?
The 3Y average EV/EBITDA ratio for XEL stock is 12.19x.
What is the 5Y average EV/EBITDA ratio for Xcel Energy Inc. (XEL)?
The 5Y average EV/EBITDA ratio for XEL stock is 12.59x.
What is the 10Y average EV/EBITDA ratio for Xcel Energy Inc. (XEL)?
The 10Y average EV/EBITDA ratio for XEL stock is 12.06x.
What is the 15Y average EV/EBITDA ratio for Xcel Energy Inc. (XEL)?
The 15Y average EV/EBITDA ratio for XEL stock is 10.97x.
What is the 20Y average EV/EBITDA ratio for Xcel Energy Inc. (XEL)?
The 20Y average EV/EBITDA ratio for XEL stock is 9.88x.

Xcel Energy Inc. EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-0913.96x
2026-06-0813.94x
2026-06-0514.09x
2026-06-0413.95x
2026-06-0313.92x
2026-06-0213.96x
2026-06-0113.81x
2026-05-2914.13x
2026-05-2814.11x
2026-05-2714.29x
2026-05-2614.26x
2026-05-2214.30x
2026-05-2114.21x
2026-05-2014.17x
2026-05-1914.16x
2026-05-1813.99x
2026-05-1513.97x
2026-05-1414.19x
2026-05-1314.18x
2026-05-1214.17x
2026-05-1114.25x
2026-05-0814.12x
2026-05-0714.23x
2026-05-0614.24x
2026-05-0514.33x
2026-05-0414.31x
2026-05-0114.45x
2026-04-3014.49x
2026-04-2913.46x
2026-04-2813.52x
2026-04-2713.52x
2026-04-2413.49x
2026-04-2313.52x
2026-04-2213.39x
2026-04-2113.48x
2026-04-2013.61x
2026-04-1713.68x
2026-04-1613.68x
2026-04-1513.44x
2026-04-1413.56x
2026-04-1313.62x
2026-04-1013.81x
2026-04-0913.85x
2026-04-0813.72x
2026-04-0713.63x
2026-04-0613.61x
2026-04-0213.65x
2026-04-0113.55x
2026-03-3113.52x
2026-03-3013.49x
2026-03-2713.39x
2026-03-2613.37x
2026-03-2513.35x
2026-03-2413.37x
2026-03-2313.27x
2026-03-2013.26x
2026-03-1913.53x
2026-03-1813.58x
2026-03-1713.71x
2026-03-1613.74x
2026-03-1313.76x
2026-03-1213.66x
2026-03-1113.67x
2026-03-1013.76x
2026-03-0913.78x
2026-03-0613.82x
2026-03-0513.81x
2026-03-0413.87x
2026-03-0313.89x
2026-03-0213.95x
2026-02-2713.91x
2026-02-2613.92x
2026-02-2513.93x
2026-02-2414.16x
2026-02-2314.11x
2026-02-2013.93x
2026-02-1913.85x
2026-02-1813.74x
2026-02-1713.85x
2026-02-1313.93x
2026-02-1213.67x
2026-02-1113.56x
2026-02-1013.52x
2026-02-0913.42x
2026-02-0613.36x
2026-02-0513.38x
2026-02-0413.39x
2026-02-0313.37x
2026-02-0213.22x
2026-01-3013.38x
2026-01-2913.37x
2026-01-2813.37x
2026-01-2713.41x
2026-01-2613.35x
2026-01-2313.27x
2026-01-2213.36x
2026-01-2113.42x
2026-01-2013.39x
2026-01-1613.33x
2026-01-1513.31x
2026-01-1413.39x
2026-01-1313.27x
2026-01-1213.17x
2026-01-0913.20x
2026-01-0813.11x
2026-01-0713.09x
2026-01-0613.22x
2026-01-0513.18x
2026-01-0213.24x
2025-12-3113.16x
2025-12-3013.19x
2025-12-2913.18x
2025-12-2613.21x
2025-12-2413.18x
2025-12-2313.17x
2025-12-2213.16x
2025-12-1913.04x
2025-12-1813.13x
2025-12-1713.09x
2025-12-1613.15x
2025-12-1513.34x
2025-12-1213.29x
2025-12-1113.24x
2025-12-1013.23x
2025-12-0913.34x
2025-12-0813.35x
2025-12-0513.49x
2025-12-0413.55x
2025-12-0313.61x
2025-12-0213.68x
2025-12-0113.75x
2025-11-2813.98x
2025-11-2613.90x
2025-11-2513.81x
2025-11-2413.80x
2025-11-2113.74x
2025-11-2013.72x
2025-11-1913.74x
2025-11-1813.87x
2025-11-1713.90x
2025-11-1413.83x
2025-11-1313.79x
2025-11-1213.84x
2025-11-1113.89x
2025-11-1013.81x
2025-11-0713.86x
2025-11-0613.83x
2025-11-0513.89x
2025-11-0413.93x
2025-11-0313.90x
2025-10-3113.89x
2025-10-3013.93x
2025-10-2913.34x
2025-10-2813.35x
2025-10-2713.44x
2025-10-2413.41x
2025-10-2313.41x
2025-10-2213.44x
2025-10-2113.43x
2025-10-2013.50x
2025-10-1713.49x
2025-10-1613.48x
2025-10-1513.55x
2025-10-1413.45x
2025-10-1313.39x
2025-10-1013.46x
2025-10-0913.50x
2025-10-0813.55x
2025-10-0713.55x
2025-10-0613.47x
2025-10-0313.40x
2025-10-0213.33x
2025-10-0113.40x
2025-09-3013.44x
2025-09-2913.38x
2025-09-2613.30x
2025-09-2513.10x
2025-09-2413.17x
2025-09-2312.68x
2025-09-2212.61x
2025-09-1912.59x
2025-09-1812.59x
2025-09-1712.58x
2025-09-1612.59x
2025-09-1512.68x
2025-09-1212.71x
2025-09-1112.66x
2025-09-1012.61x
2025-09-0912.58x
2025-09-0812.55x
2025-09-0512.64x
2025-09-0412.60x
2025-09-0312.62x
2025-09-0212.59x
2025-08-2912.62x
2025-08-2812.61x
2025-08-2712.66x
2025-08-2612.63x
2025-08-2512.68x
2025-08-2212.80x
2025-08-2112.69x
2025-08-2012.69x
2025-08-1912.70x
2025-08-1812.60x
2025-08-1512.57x
2025-08-1412.62x
2025-08-1312.67x
2025-08-1212.62x
2025-08-1112.64x
2025-08-0812.71x
2025-08-0712.70x
2025-08-0612.71x
2025-08-0512.75x
2025-08-0412.80x
2025-08-0112.72x
2025-07-3112.72x
2025-07-3012.89x
2025-07-2912.88x
2025-07-2812.76x
2025-07-2512.91x
2025-07-2412.93x
2025-07-2312.90x
2025-07-2212.95x
2025-07-2112.80x
2025-07-1812.68x
2025-07-1712.61x
2025-07-1612.56x
2025-07-1512.47x
2025-07-1412.56x
2025-07-1112.50x
2025-07-1012.48x
2025-07-0912.42x
2025-07-0812.39x
2025-07-0712.43x
2025-07-0312.46x
2025-07-0212.39x
2025-07-0112.51x
2025-06-3012.45x
2025-06-2712.42x
2025-06-2612.41x
2025-06-2512.37x
2025-06-2412.46x
2025-06-2312.43x
2025-06-2012.30x
2025-06-1812.26x
2025-06-1712.20x
2025-06-1612.32x
2025-06-1312.40x
2025-06-1212.55x
2025-06-1112.46x
2025-06-1012.54x
2025-06-0912.48x
2025-06-0612.49x
2025-06-0512.50x
2025-06-0412.49x
2025-06-0312.57x
2025-06-0212.61x
2025-05-3012.65x
2025-05-2912.59x
2025-05-2812.53x

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

About Xcel Energy Inc.

Xcel Energy Inc., through its various operating units, functions as a multifaceted energy company involved in the complete cycle of electricity – from its production and procurement to its transmission, delivery, and eventual sale. Its business is organized into three main divisions: Regulated Electric Utility, Regulated Natural Gas Utility, and a final "All Other" segment. The company employs a diverse range of energy sources for electricity generation, including traditional options like coal, nuclear power, natural gas, and oil, as well as a strong focus on renewables such as hydroelectric, solar, biomass, wood/refuse, and wind. In addition to its electric services, Xcel Energy is active in the natural gas sector, managing the acquisition, pipeline transport, distribution, and retail sales of natural gas. It also offers transportation services for natural gas owned by its customers. The firm's operations also encompass the creation and leasing of critical natural gas infrastructure, including pipelines, storage depots, and compression facilities. Furthermore, Xcel Energy diversifies its investments into rental housing ventures and is responsible for sourcing necessary equipment for the construction of new renewable power facilities. Serving a broad customer base that includes residential households, commercial enterprises, and industrial clients, the company's service area covers specific geographic regions in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. Xcel Energy provides electricity to approximately 3.7 million customers and supplies natural gas to around 2.1 million consumers. The company, founded in 1909, maintains its headquarters in Minneapolis, Minnesota.

Minneapolis, MN
11,380 employees
Utilities / Regulated Electric
Sector
Utilities
Industry
Regulated Electric
CEO
Robert C. Frenzel