Tennessee Valley Authority (TVE) Key Metrics
TVE key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsTVE valuation Price multiples at each fiscal year-end price.
P/E ratio−13.2%
0.0
FY2025 · hover or tap a bar for each year
FY2016FY2025
Price / sales−6.4%
0.0
FY2025 · hover or tap a bar for each year
FY2016FY2025
Price / book−3.6%
0.0
FY2025 · hover or tap a bar for each year
FY2016FY2025
EV / EBITDA+4,827.7%
4.6
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow yield−6,162.8 pts
−10,971.0%
FY2025 · hover or tap a bar for each year
FY2016FY2025
TVE returns How much profit the business earns on the capital it uses.
Return on equity+0.8 pts
7.6%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on invested capital+0.4 pts
6.8%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Return on assets+0.2 pts
2.3%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow margin−5.3 pts
−9.9%
FY2025 · hover or tap a bar for each year
FY2016FY2025
Cash conversion (OCF / net income)−7.6%
2.44
FY2025 · hover or tap a bar for each year
FY2016FY2025
Asset turnover+2.1%
0.23
FY2025 · hover or tap a bar for each year
FY2016FY2025
TVE per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+11.0%
$26,041.90
FY2025 · hover or tap a bar for each year
FY2016FY2025
Earnings per share+19.8%
$2,590.48
FY2025 · hover or tap a bar for each year
FY2016FY2025
Free cash flow per share
−$2,584.76
FY2025 · hover or tap a bar for each year
FY2016FY2025
Book value per share+7.9%
$35,259.05
FY2025 · hover or tap a bar for each year
FY2016FY2025
Shares outstanding0.0%
525K
FY2025 · hover or tap a bar for each year
FY2016FY2025
TVE financial health Debt, liquidity and how easily interest is covered.
Debt / equity+2,389.5%
1.35
FY2025 · hover or tap a bar for each year
FY2016FY2025
Net debt+$23.1B
$23.50B
FY2025 · hover or tap a bar for each year
FY2016FY2025
Net debt / EBITDA+4.54
4.63
FY2025 · hover or tap a bar for each year
FY2016FY2025
Current ratio+43.9%
0.92
FY2025 · hover or tap a bar for each year
FY2016FY2025
Interest coverage+2.8%
2.1
FY2025 · hover or tap a bar for each year
FY2016FY2025
Debt / assets+2,445.1%
0.41
FY2025 · hover or tap a bar for each year
FY2016FY2025
TVE efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−1 days
48 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Days of inventory−3 days
55 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Days payables outstanding−4 days
107 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Cash conversion cycle0 days
-5 days
FY2025 · hover or tap a bar for each year
FY2016FY2025
Capex / revenue+5.2 pts
34.2%
FY2025 · hover or tap a bar for each year
FY2016FY2025
TVE valuation history
Fiscal year-endToday10-year median
TVE returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TVE debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TVE cash returned to shareholders
DividendsBuybacksFree cash flow
TVE price vs earnings per share
Share price at year-endEPS (right axis)
TVE key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.4M | $11.9M | $11.0M | $11.0M | $14.2M | $14.5M | $13.2M | $12.9M | $13.2M | $13.6M |
| Enterprise value | $23.52B | $443.9M | $21.14B | $21.31B | $22.24B | $23.30B | $24.25B | $25.21B | $27.12B | $27.57B |
| P/E ratio | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Price / sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Price / book | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Price / free cash flow | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 |
| Price / operating cash flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| EV / sales | 1.7 | 0.0 | 1.8 | 1.7 | 2.1 | 2.3 | 2.1 | 2.2 | 2.5 | 2.6 |
| EV / EBITDA | 4.6 | 0.1 | 4.9 | 4.5 | 4.8 | 4.8 | 4.8 | 4.9 | 6.0 | 6.3 |
| EV / free cash flow | — | — | — | 70.1 | 23.7 | 14.1 | 15.7 | 14.6 | 100.4 | 861.6 |
| Earnings yield | 10,995.2% | 9,540.6% | 4,565.6% | 10,049.9% | 10,670.6% | 9,354.3% | 10,748.9% | 8,646.8% | 5,181.5% | 9,063.9% |
| Free cash flow yield | −10,971.0% | −4,808.1% | −748.8% | 2,757.4% | 6,626.8% | 11,423.0% | 11,727.4% | 13,306.3% | 2,042.3% | 235.2% |
| Dividend yield | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | — | — | — | — | — | 2,268.1% | 2,310.4% | 2,269.3% | 2,205.3% |
| Share price at fiscal year-end | $23.56 | $22.66 | $20.86 | $21.00 | $26.99 | $27.53 | $25.11 | $24.65 | $25.18 | $25.91 |
| Per share | ||||||||||
| Revenue per share | $26,041.90 | $23,455.24 | $22,960.00 | $23,885.71 | $20,005.71 | $19,521.90 | $21,558.10 | $21,396.19 | $20,455.24 | $20,220.95 |
| Earnings per share | $2,590.48 | $2,161.90 | $952.38 | $2,110.48 | $2,880.00 | $2,575.24 | $2,699.05 | $2,131.43 | $1,304.76 | $2,348.57 |
| Operating cash flow per share | $6,331.43 | $5,720.00 | $5,470.48 | $5,615.24 | $6,201.90 | $6,925.71 | $7,085.71 | $7,500.95 | $5,196.19 | $5,794.29 |
| Free cash flow per share | −$2,584.76 | −$1,089.52 | −$156.19 | $579.05 | $1,788.57 | $3,144.76 | $2,944.76 | $3,280.00 | $514.29 | $60.95 |
| Cash per share | $3,001.90 | $956.19 | $954.29 | $952.38 | $950.48 | $952.38 | $569.52 | $569.52 | $571.43 | $571.43 |
| Book value per share | $35,259.05 | $32,687.62 | $30,582.86 | $29,533.33 | $27,552.38 | $24,632.38 | $22,142.86 | $19,586.67 | $17,396.19 | $16,038.10 |
| Tangible book value per share | $35,259.05 | $32,687.62 | $30,582.86 | $29,533.33 | $27,552.38 | $24,632.38 | $22,142.86 | $19,580.95 | $17,396.19 | $16,038.10 |
| Dividends per share | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 |
| Capex per share | $8,916.19 | $6,809.52 | $5,626.67 | $5,036.19 | $4,413.33 | $3,780.95 | $4,140.95 | $4,220.95 | $4,681.90 | $5,733.33 |
| Debt per share | $47,773.33 | $1,779.05 | $41,201.90 | $41,516.19 | $43,293.33 | $45,308.57 | $46,725.71 | $48,569.52 | $52,196.19 | $53,064.76 |
| Shares outstanding | 525K | 525K | 525K | 525K | 525K | 525K | 525K | 525K | 525K | 525K |
| Change in shares outstanding | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.6% | 6.8% | 3.2% | 7.4% | 11.0% | 11.0% | 12.9% | 11.5% | 7.8% | 15.8% |
| Return on invested capital (ROIC) | 6.8% | 6.4% | 2.3% | 3.3% | 7.8% | 7.5% | 9.2% | 8.6% | 6.6% | 6.8% |
| Return on assets (ROA) | 2.3% | 2.1% | 1.0% | 2.1% | 2.9% | 2.6% | 2.9% | 2.3% | 1.4% | 2.5% |
| Return on tangible assets | 2.2% | 2.0% | 1.0% | 2.2% | 2.9% | 2.6% | 2.8% | 2.3% | 1.4% | 2.4% |
| Free cash flow margin | −9.9% | −4.6% | −0.7% | 2.4% | 8.9% | 16.1% | 13.7% | 15.3% | 2.5% | 0.3% |
| Income quality (OCF / net income) | 2.44 | 2.65 | 5.74 | 2.66 | 2.15 | 2.69 | 2.63 | 3.52 | 3.98 | 2.47 |
| Financial health | ||||||||||
| Total debt | $25.08B | $934.0M | $21.63B | $21.80B | $22.73B | $23.79B | $24.53B | $25.50B | $27.40B | $27.86B |
| Cash & short-term investments | $1.58B | $502.0M | $501.0M | $500.0M | $499.0M | $500.0M | $299.0M | $299.0M | $300.0M | $300.0M |
| Net debt | $23.50B | $432.0M | $21.13B | $21.30B | $22.23B | $23.29B | $24.23B | $25.20B | $27.10B | $27.56B |
| Debt / equity | 1.35 | 0.05 | 1.35 | 1.41 | 1.57 | 1.84 | 2.11 | 2.48 | 3.00 | 3.31 |
| Debt / assets | 0.41 | 0.02 | 0.42 | 0.43 | 0.43 | 0.45 | 0.49 | 0.52 | 0.55 | 0.55 |
| Net debt / EBITDA | 4.63 | 0.09 | 4.92 | 4.49 | 4.77 | 4.82 | 4.81 | 4.86 | 6.01 | 6.25 |
| Current ratio | 0.92 | 0.64 | 0.75 | 0.86 | 0.70 | 0.69 | 0.76 | 0.70 | 0.54 | 0.62 |
| Quick ratio | 0.70 | 0.44 | 0.52 | 0.62 | 0.51 | 0.48 | 0.53 | 0.51 | 0.37 | 0.45 |
| Interest coverage | 2.1 | 2.1 | 1.6 | 2.3 | 2.6 | 2.4 | 2.7 | 2.6 | 1.9 | 2.2 |
| Working capital | −$430.0M | −$2.10B | −$1.21B | −$671.0M | −$1.48B | −$1.47B | −$1.03B | −$1.44B | −$2.96B | −$2.22B |
| Invested capital | $42.02B | $17.59B | $37.19B | $36.80B | $36.70B | $36.22B | $35.86B | $35.48B | $36.24B | $35.98B |
| Tangible asset value | $18.51B | $17.16B | $16.06B | $15.51B | $14.46B | $12.93B | $11.62B | $10.28B | $9.13B | $8.42B |
| Net current asset value | −$37.19B | −$36.77B | −$31.62B | −$31.71B | −$34.49B | −$36.65B | −$35.56B | −$34.97B | −$37.44B | −$38.43B |
| Graham number | $45,333.20 | $39,875.04 | $25,599.74 | $37,448.78 | $42,253.93 | $37,779.23 | $36,670.21 | $30,648.34 | $22,598.73 | $29,111.83 |
| Graham net-net per share | −$73,797.14 | −$72,723.33 | −$62,854.76 | −$63,264.29 | −$68,394.29 | −$72,077.62 | −$70,143.81 | −$69,384.76 | −$74,230.00 | −$76,285.24 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Share buybacks (net) | — | — | — | — | — | — | $299.0M | $299.0M | $300.0M | $300.0M |
| Dividend payout ratio | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | 19.3% | 17.4% | 111.1% | 937.5% |
| Capex / revenue | 34.2% | 29.0% | 24.5% | 21.1% | 22.1% | 19.4% | 19.2% | 19.7% | 22.9% | 28.4% |
| Capex / operating cash flow | 140.8% | 119.0% | 102.9% | 89.7% | 71.2% | 54.6% | 58.4% | 56.3% | 90.1% | 98.9% |
| Capex / depreciation | 1.80 | 1.42 | 1.13 | 1.09 | 1.20 | 0.89 | 1.24 | 1.12 | 1.27 | 1.55 |
| SG&A / revenue | — | — | — | — | — | — | 32.1% | 30.0% | 36.2% | 31.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 47.7 | 49.1 | 53.4 | 49.2 | 50.1 | 53.9 | 51.5 | 48.9 | 52.3 | 54.1 |
| Days of inventory on hand | 54.8 | 57.7 | 53.9 | 50.0 | 63.6 | 70.7 | 61.4 | 65.8 | 65.2 | 62.3 |
| Days payables outstanding | 107.1 | 111.1 | 105.4 | 100.5 | 110.7 | 100.4 | 91.2 | 97.5 | 101.4 | 106.7 |
| Cash conversion cycle (days) | -4.5 | -4.4 | 1.9 | -1.4 | 2.9 | 24.1 | 21.7 | 17.2 | 16.0 | 9.7 |
| Receivables turnover | 7.64 | 7.44 | 6.84 | 7.42 | 7.29 | 6.78 | 7.09 | 7.46 | 6.98 | 6.75 |
| Payables turnover | 3.41 | 3.28 | 3.46 | 3.63 | 3.30 | 3.63 | 4.00 | 3.74 | 3.60 | 3.42 |
| Inventory turnover | 6.66 | 6.33 | 6.77 | 7.31 | 5.74 | 5.17 | 5.94 | 5.55 | 5.60 | 5.86 |
| Asset turnover | 0.23 | 0.23 | 0.24 | 0.24 | 0.20 | 0.20 | 0.23 | 0.23 | 0.21 | 0.21 |
| Average receivables | $1.79B | $1.66B | $1.76B | $1.69B | $1.44B | $1.51B | $1.60B | $1.51B | $1.54B | $1.57B |
| Average payables | $2.40B | $2.25B | $2.18B | $2.05B | $1.70B | $1.42B | $1.46B | $1.50B | $1.60B | $1.73B |
| Average inventory | $1.23B | $1.17B | $1.11B | $1.02B | $976.5M | $1.00B | $980.0M | $1.01B | $1.03B | $1.01B |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from TVE's annual financial statements (latest annual report filed November 13, 2025) 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.
TVE valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Tennessee Valley Authority traded at 0.0 times earnings, against a 10-year median of 0.0. Tennessee Valley Authority earned a return on equity of 7.6% and a return on invested capital of 6.8% in fiscal 2025. It ended the year with $25.1 billion of debt and $1.6 billion in cash and short-term investments, net debt of $23.5 billion.
See the TVE income statement, the TVE chart for price history, or the TVE stock overview for the latest quote and news.
TVE key metrics FAQ
What is Tennessee Valley Authority's P/E ratio?
Tennessee Valley Authority traded at 0.0 times earnings at the end of fiscal 2025.
What is Tennessee Valley Authority's EV/EBITDA?
Tennessee Valley Authority's enterprise value was 4.6 times EBITDA at the end of fiscal 2025 (enterprise value $23.5 billion, EBITDA $5.1 billion).
What is Tennessee Valley Authority's return on equity?
Tennessee Valley Authority's return on equity (ROE) was 7.6% in fiscal 2025: net income of $1.4 billion on average shareholders' equity of $17.8 billion.
What is Tennessee Valley Authority's ROIC?
Tennessee Valley Authority's return on invested capital was 6.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Tennessee Valley Authority have?
Tennessee Valley Authority had total debt of $25.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.35 and $23.5 billion of net debt (4.63 times EBITDA).
What is Tennessee Valley Authority's free cash flow yield?
Tennessee Valley Authority generated -$1.4 billion of free cash flow in fiscal 2025, a free cash flow yield of −10,971.0% on its market value at year-end ($12.4 million).
What is Tennessee Valley Authority's current ratio?
Tennessee Valley Authority's current ratio was 0.92 at the end of fiscal 2025: current assets were 0.92 times current liabilities.
Electrical Utilities & IPPs key metrics
- ENOEntergy New Orleans LLC Pref
- EDNEmpresa Distribuidora y Comercializadora Norte Sociedad Anónima
- CEPUCentral Puerto
- RNWReNew Energy Global Plc
- CIGCompanhia Energética de Minas Gerais
- CIG.CEnergy of Minas Gerais Co DRC
- AXICYAXIA Energia
- SBSCompanhia de Saneamento Básico do Estado de São Paulo - SABESP
- DUKDuke Energy
- NRGNRG Energy
- SOSouthern Company
- SOMNSouthern