DTE Energy Company (DTE) Key Metrics
DTE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $27.00B
- Enterprise value
- $53.37B
- P/E (TTM)
- 20.6 10-yr median 17.4
- Forward P/E
- 15.6
- PEG ratio
- 1.68
- Price / sales
- 1.6 10-yr median 1.6
- Price / book
- 2.2 10-yr median 1.9
- EV / EBITDA
- 12.5 10-yr median 12.1
- Dividend yield
- 3.59% $4.66 a year
- Beta
- 0.38
DTE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDTE valuation Price multiples at each fiscal year-end price.
DTE returns How much profit the business earns on the capital it uses.
DTE per-share figures Results divided by the shares outstanding at year-end.
DTE financial health Debt, liquidity and how easily interest is covered.
DTE efficiency & capital use Working capital cycle and where the cash goes.
DTE valuation history
DTE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DTE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DTE cash returned to shareholders
DTE price vs earnings per share
DTE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $26.70B | $25.00B | $22.71B | $23.04B | $23.19B | $19.94B | $20.45B | $16.99B | $16.68B | $15.01B |
| Enterprise value | $52.97B | $48.21B | $43.66B | $42.24B | $41.41B | $39.08B | $37.96B | $31.16B | $29.52B | $26.70B |
| P/E ratio | 18.3 | 17.8 | 16.3 | 21.3 | 25.6 | 14.6 | 17.5 | 15.2 | 14.7 | 17.3 |
| Price / sales | 1.7 | 2.0 | 1.8 | 1.2 | 1.5 | 1.7 | 1.7 | 1.2 | 1.3 | 1.4 |
| Price / book | 2.2 | 2.1 | 2.1 | 2.2 | 2.7 | 1.6 | 1.8 | 1.7 | 1.8 | 1.7 |
| Price / free cash flow | — | — | — | — | — | — | — | — | — | 384.8 |
| Price / operating cash flow | 7.8 | 6.9 | 7.1 | 11.7 | 7.6 | 5.4 | 7.7 | 6.3 | 7.9 | 7.2 |
| EV / sales | 3.3 | 3.9 | 3.4 | 2.2 | 2.8 | 3.4 | 3.1 | 2.2 | 2.3 | 2.5 |
| EV / EBITDA | 13.4 | 11.7 | 10.9 | 13.0 | 15.1 | 12.5 | 13.3 | 10.7 | 10.3 | 10.5 |
| EV / free cash flow | — | — | — | — | — | — | — | — | — | 684.5 |
| Earnings yield | 5.5% | 5.6% | 6.2% | 4.7% | 3.9% | 6.9% | 5.7% | 6.6% | 6.8% | 5.8% |
| Free cash flow yield | −3.8% | −3.3% | −3.1% | −6.1% | −3.0% | −0.8% | −1.7% | −0.2% | −0.8% | 0.3% |
| Dividend yield | 3.3% | 3.2% | 3.3% | 3.0% | 3.4% | 3.8% | 3.4% | 3.6% | 3.6% | 3.5% |
| Shareholder yield (dividends + buybacks) | 3.3% | 3.2% | 3.3% | 3.2% | 3.7% | 3.8% | 3.4% | 3.6% | 3.9% | 3.8% |
| Share price at fiscal year-end | $128.98 | $120.75 | $110.26 | $117.53 | $119.54 | $103.33 | $110.53 | $93.87 | $93.16 | $83.84 |
| Per share | ||||||||||
| Revenue per share | $76.40 | $60.18 | $61.87 | $98.10 | $77.13 | $59.19 | $65.77 | $78.52 | $70.43 | $59.39 |
| Earnings per share | $7.06 | $6.77 | $6.78 | $5.53 | $4.68 | $7.09 | $6.32 | $6.19 | $6.34 | $4.85 |
| Operating cash flow per share | $16.56 | $17.60 | $15.63 | $10.09 | $15.81 | $19.16 | $14.32 | $14.81 | $11.83 | $11.64 |
| Free cash flow per share | −$4.84 | −$3.98 | −$3.47 | −$7.15 | −$3.63 | −$0.83 | −$1.88 | −$0.18 | −$0.74 | $0.22 |
| Cash per share | $1.21 | $0.12 | $0.13 | $0.17 | $0.14 | $2.45 | $0.50 | $0.39 | $0.37 | $0.51 |
| Book value per share | $59.43 | $56.52 | $53.64 | $53.05 | $44.87 | $64.38 | $63.09 | $56.56 | $53.14 | $50.34 |
| Tangible book value per share | $48.90 | $46.19 | $43.21 | $42.03 | $33.69 | $53.02 | $36.84 | $39.20 | $35.49 | $32.87 |
| Dividends per share | $4.21 | $3.91 | $3.65 | $3.49 | $4.08 | $3.94 | $3.74 | $3.43 | $3.31 | $2.97 |
| Capex per share | $21.40 | $21.58 | $19.10 | $17.23 | $19.44 | $19.98 | $16.20 | $14.99 | $12.57 | $11.42 |
| Debt per share | $128.14 | $112.28 | $101.80 | $98.16 | $94.08 | $101.59 | $95.19 | $78.69 | $72.15 | $65.82 |
| Shares outstanding | 207.0M | 207.0M | 206.0M | 196.0M | 194.0M | 193.0M | 185.0M | 181.0M | 179.0M | 179.0M |
| Change in shares outstanding | 0.0% | +0.5% | +5.1% | +1.0% | +0.5% | +4.3% | +2.2% | +1.1% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.2% | 12.3% | 13.0% | 11.3% | 8.6% | 11.4% | 10.7% | 11.3% | 12.2% | 9.8% |
| Return on invested capital (ROIC) | 6.1% | 6.3% | 6.5% | 6.0% | 5.1% | 4.9% | 5.0% | 6.3% | 6.9% | 5.7% |
| Return on assets (ROA) | 2.8% | 3.0% | 3.2% | 2.6% | 2.1% | 3.1% | 3.0% | 3.2% | 3.4% | 2.9% |
| Return on tangible assets | 2.8% | 3.0% | 3.3% | 2.7% | 2.4% | 3.2% | 3.1% | 3.4% | 3.7% | 3.0% |
| Free cash flow margin | −6.3% | −6.6% | −5.6% | −7.3% | −4.7% | −1.4% | −2.9% | −0.2% | −1.1% | 0.4% |
| Income quality (OCF / net income) | 2.34 | 2.60 | 2.30 | 1.83 | 3.38 | 2.70 | 2.27 | 2.39 | 1.87 | 2.40 |
| Financial health | ||||||||||
| Total debt | $26.52B | $23.24B | $20.97B | $19.24B | $18.25B | $19.61B | $17.61B | $14.24B | $12.91B | $11.78B |
| Cash & short-term investments | $250.0M | $24.0M | $26.0M | $33.0M | $28.0M | $472.0M | $93.0M | $71.0M | $66.0M | $92.0M |
| Net debt | $26.27B | $23.22B | $20.94B | $19.21B | $18.22B | $19.14B | $17.52B | $14.17B | $12.85B | $11.69B |
| Debt / equity | 2.16 | 1.99 | 1.90 | 1.85 | 2.10 | 1.58 | 1.51 | 1.39 | 1.36 | 1.31 |
| Debt / assets | 0.49 | 0.48 | 0.47 | 0.45 | 0.46 | 0.43 | 0.42 | 0.39 | 0.38 | 0.37 |
| Net debt / EBITDA | 6.64 | 5.65 | 5.21 | 5.90 | 6.64 | 6.12 | 6.16 | 4.89 | 4.50 | 4.58 |
| Current ratio | 0.80 | 0.71 | 0.60 | 0.81 | 0.52 | 1.30 | 0.77 | 0.73 | 1.10 | 1.13 |
| Quick ratio | 0.55 | 0.46 | 0.42 | 0.63 | 0.39 | 1.04 | 0.58 | 0.55 | 0.82 | 0.82 |
| Interest coverage | 2.2 | 2.2 | 2.8 | 2.6 | 2.4 | 2.6 | 2.5 | 2.9 | 3.2 | 3.1 |
| Working capital | −$1.06B | −$1.50B | −$2.34B | −$993.0M | −$3.03B | $807.0M | −$911.0M | −$1.18B | $269.0M | $325.0M |
| Invested capital | $38.58B | $34.92B | $31.99B | $29.60B | $26.93B | $31.56B | $29.19B | $24.41B | $22.36B | $20.70B |
| Tangible asset value | $10.13B | $9.57B | $8.91B | $8.24B | $6.54B | $10.40B | $6.98B | $7.58B | $6.83B | $6.37B |
| Net current asset value | −$37.41B | −$33.53B | −$30.16B | −$28.10B | −$27.69B | −$29.41B | −$27.35B | −$22.31B | −$20.70B | −$19.78B |
| Graham number | $97.19 | $92.77 | $90.47 | $81.21 | $68.70 | $101.33 | $94.71 | $88.74 | $87.03 | $74.11 |
| Graham net-net per share | −$189.41 | −$169.69 | −$154.40 | −$153.78 | −$150.39 | −$159.74 | −$154.29 | −$130.78 | −$122.51 | −$116.59 |
| Capital allocation | ||||||||||
| Dividends paid | $871.0M | $810.0M | $752.0M | $685.0M | $791.0M | $760.0M | $692.0M | $620.0M | $592.0M | $531.0M |
| Share buybacks (net) | — | $0 | $0 | $55.0M | $66.0M | $0 | $0 | $0 | $51.0M | $33.0M |
| Dividend payout ratio | 59.6% | 57.8% | 53.8% | 63.3% | 87.2% | 55.6% | 59.2% | 55.4% | 52.2% | 61.2% |
| Capex / revenue | 28.0% | 35.9% | 30.9% | 17.6% | 25.2% | 33.8% | 24.6% | 19.1% | 17.8% | 19.2% |
| Capex / operating cash flow | 129.2% | 122.6% | 122.2% | 170.9% | 123.0% | 104.3% | 113.1% | 101.2% | 106.3% | 98.1% |
| Capex / depreciation | 2.32 | 2.50 | 2.36 | 2.30 | 2.59 | 2.67 | 2.37 | 2.41 | 2.18 | 2.10 |
| Stock-based compensation / revenue | — | — | 0.4% | 0.3% | 2.5% | 0.1% | 0.4% | 0.5% | 0.5% | 0.6% |
| SG&A / revenue | — | — | 0.1% | 0.0% | 0.1% | 0.4% | 3.4% | 2.8% | 3.1% | 3.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 45.9 | 52.9 | 56.8 | 38.1 | 42.7 | 56.8 | 56.8 | 48.2 | 49.9 | 50.5 |
| Days of inventory on hand | 200.7 | 51.7 | 43.3 | 21.1 | 24.6 | 32.9 | 31.3 | 26.2 | 30.0 | 36.9 |
| Days payables outstanding | 240.6 | 61.8 | 64.3 | 35.4 | 37.9 | 46.5 | 48.0 | 41.2 | 43.5 | 44.2 |
| Cash conversion cycle (days) | 6.0 | 42.9 | 35.8 | 23.8 | 29.4 | 43.2 | 40.1 | 33.2 | 36.4 | 43.2 |
| Receivables turnover | 7.95 | 6.89 | 6.42 | 9.59 | 8.55 | 6.42 | 6.43 | 7.57 | 7.31 | 7.23 |
| Payables turnover | 1.52 | 5.91 | 5.68 | 10.31 | 9.63 | 7.85 | 7.61 | 8.85 | 8.39 | 8.25 |
| Inventory turnover | 1.82 | 7.06 | 8.43 | 17.29 | 14.85 | 11.10 | 11.65 | 13.91 | 12.17 | 9.89 |
| Asset turnover | 0.31 | 0.27 | 0.29 | 0.47 | 0.35 | 0.26 | 0.31 | 0.41 | 0.38 | 0.35 |
| Average receivables | $1.99B | $1.81B | $1.98B | $2.01B | $1.75B | $1.78B | $1.89B | $1.88B | $1.72B | $1.47B |
| Average payables | $1.57B | $1.37B | $1.48B | $1.51B | $1.21B | $1.04B | $1.20B | $1.25B | $1.12B | $944.0M |
| Average inventory | $1.31B | $1.15B | $998.0M | $900.0M | $783.0M | $733.5M | $785.0M | $795.0M | $775.5M | $787.5M |
| Intangibles / total assets | 4.0% | 4.4% | 4.8% | 5.1% | 5.5% | 4.8% | 11.5% | 8.7% | 9.4% | 9.8% |
Computed from DTE's annual financial statements (latest annual report filed February 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DTE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), DTE Energy traded at 18.3 times earnings, against a 10-year median of 17.4. Based on the latest twelve months, the trailing P/E is 20.6 and the forward P/E is 15.6. DTE Energy earned a return on equity of 12.2% and a return on invested capital of 6.1% in fiscal 2025. It ended the year with $26.5 billion of debt and $250.0 million in cash and short-term investments, net debt of $26.3 billion. It returned $871.0 million to shareholders: $871.0 million in dividends and $0 in share buybacks. The share count rose 15.6% from 179.0M to 207.0M over 9 years.
See the DTE income statement, the DTE chart for price history, or the DTE stock overview for the latest quote and news.
DTE key metrics FAQ
What is DTE Energy's P/E ratio?
DTE Energy's trailing P/E ratio is 20.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 15.6. At the end of fiscal 2025 it was 18.3, compared with a 10-year median of 17.4.
What is DTE Energy's EV/EBITDA?
DTE Energy's enterprise value was 13.4 times EBITDA at the end of fiscal 2025 (enterprise value $53.0 billion, EBITDA $4.0 billion); the current EV/EBITDA is 12.5.
What is DTE Energy's return on equity?
DTE Energy's return on equity (ROE) was 12.2% in fiscal 2025: net income of $1.5 billion on average shareholders' equity of $12.0 billion.
What is DTE Energy's ROIC?
DTE Energy's return on invested capital was 6.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does DTE Energy have?
DTE Energy had total debt of $26.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.16 and $26.3 billion of net debt (6.64 times EBITDA).
What is DTE Energy's dividend yield?
DTE Energy's forward dividend yield is 3.59%. DTE Energy paid $871.0 million in dividends in fiscal 2025 ($4.21 per share), a payout ratio of 59.6%.
What is DTE Energy's free cash flow yield?
DTE Energy generated -$1.0 billion of free cash flow in fiscal 2025, a free cash flow yield of −3.8% on its market value at year-end ($26.7 billion).
What is DTE Energy's current ratio?
DTE Energy's current ratio was 0.80 at the end of fiscal 2025: current assets were 0.80 times current liabilities.
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