Current and historical daily PE Ratio for Meridian Energy Ltd (
) from 2010 to Jun 06 2024. The price to earnings ratio is calculated by taking the current stock price and dividing it by the most recent trailing twelve-month earnings per share (EPS) number. The data is updated every 20 minutes during market hours. The PE ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. Therefore, lower-P/E stocks are more attractive than higher P/E stocks so long as the PE ratio is positive. Also for stocks with the same PE ratio, the one with faster growth business is more attractive. Meridian Energy stock (NZSE:MEL) PE ratio as of Jun 06 2024 is 196.22.
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Meridian Energy Ltd (NZSE:MEL) PE Ratio (TTM) Chart
Meridian Energy Ltd (NZSE:MEL) PE Ratio (TTM) Historical Data
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| Meridian Energy PE Ratio (TTM) Historical Data | |||
|---|---|---|---|
| Date | PE Ratio (TTM) Data | Date | PE Ratio (TTM) Data |
| 2024-06-06 | 196.2 | 2024-04-03 | 179.7 |
| 2024-06-06 | 196.2 | 2024-04-02 | 180.9 |
| 2024-06-05 | 196.4 | 2024-03-28 | 179.1 |
| 2024-06-04 | 198.5 | 2024-03-27 | 178.8 |
| 2024-05-31 | 204.8 | 2024-03-26 | 177.3 |
| 2024-05-30 | 185.4 | 2024-03-25 | 179.4 |
| 2024-05-29 | 186.7 | 2024-03-22 | 180.0 |
| 2024-05-28 | 187.0 | 2024-03-21 | 179.4 |
| 2024-05-27 | 190.3 | 2024-03-20 | 174.4 |
| 2024-05-24 | 189.2 | 2024-03-19 | 175.6 |
| 2024-05-23 | 188.2 | 2024-03-18 | 169.7 |
| 2024-05-22 | 187.9 | 2024-03-15 | 168.3 |
| 2024-05-21 | 187.6 | 2024-03-14 | 172.7 |
| 2024-05-20 | 187.9 | 2024-03-13 | 172.1 |
| 2024-05-17 | 184.8 | 2024-03-12 | 174.2 |
| 2024-05-16 | 187.0 | 2024-03-11 | 178.3 |
| 2024-05-15 | 182.1 | 2024-03-08 | 180.6 |
| 2024-05-14 | 183.9 | 2024-03-07 | 180.3 |
| 2024-05-13 | 184.6 | 2024-03-06 | 179.4 |
| 2024-05-10 | 187.0 | 2024-03-05 | 181.8 |
| 2024-05-09 | 186.4 | 2024-03-04 | 179.1 |
| 2024-05-08 | 181.7 | 2024-03-01 | 178.8 |
| 2024-05-07 | 181.5 | 2024-02-29 | 181.2 |
| 2024-05-06 | 183.3 | 2024-02-28 | 173.3 |
| 2024-05-03 | 184.8 | 2024-02-27 | 175.4 |
| 2024-05-02 | 182.1 | 2024-02-26 | 176.1 |
| 2024-05-01 | 181.8 | 2024-02-23 | 178.8 |
| 2024-04-30 | 181.8 | 2024-02-22 | 176.4 |
| 2024-04-29 | 178.8 | 2024-02-21 | 172.7 |
| 2024-04-26 | 179.2 | 2024-02-20 | 168.8 |
| 2024-04-24 | 179.6 | 2024-02-19 | 170.3 |
| 2024-04-23 | 179.2 | 2024-02-16 | 173.3 |
| 2024-04-22 | 179.4 | 2024-02-15 | 169.7 |
| 2024-04-19 | 178.5 | 2024-02-14 | 171.5 |
| 2024-04-18 | 177.0 | 2024-02-13 | 170.2 |
| 2024-04-17 | 174.6 | 2024-02-12 | 168.2 |
| 2024-04-16 | 175.4 | 2024-02-09 | 170.0 |
| 2024-04-15 | 175.4 | 2024-02-08 | 171.5 |
| 2024-04-12 | 173.0 | 2024-02-07 | 172.7 |
| 2024-04-11 | 173.0 | 2024-02-05 | 168.5 |
| 2024-04-10 | 176.7 | 2024-02-02 | 167.3 |
| 2024-04-09 | 177.3 | 2024-02-01 | 169.7 |
| 2024-04-08 | 177.3 | 2024-01-31 | 168.2 |
| 2024-04-05 | 179.1 | 2024-01-30 | 171.2 |
| 2024-04-04 | 181.2 | 2024-01-29 | 172.7 |
Meridian Energy Ltd (NZSE:MEL) PE Ratio (TTM) Comparison
| Company | Market Cap(Mil) | PE Ratio (TTM) |
|---|
Business Description
Business Description
Meridian Energy Ltd
ISIN : NZMELE0002S7
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Traded in other countries / regions
MEL.New ZealandMEZ.AustraliaMDDNF.USA15M1.Germany IPO Date
2010-03-01Description
Meridian is New Zealand's largest electricity generator, operating hydro stations and wind farms in New Zealand. Nearly 90% of its electricity is generated from low-cost hydro power plants, with wind making up the rest. The company's main competitors are vertically integrated firms, such as Mercury NZ, Genesis Energy, Contact Energy, and Trustpower.
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