NRG Energy, Inc. NRG
- Market cap
- $20.7B
- P/E
- 26.4×
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NRG Energy, Inc. (NRG) EV/EBITDA
As of 25 September 2026, NRG Energy, Inc. (NRG) trades at a EV/EBITDA of 11.0×. Over the past ten years it has ranged from 0.0× (December 2023) to 265× (March 2018); the current reading is higher than 73% of that period. That is below the Utilities Independent Power Producers industry median of 13.7× and below the Utilities sector median of 12.1×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 11.9× | 73.63% |
| FY2024 | 6.9× | (35.57%) |
| FY2023 | 10.7× | 143.29% |
| FY2022 | 4.4× | 10.08% |
| FY2021 | 4.0× | (49.26%) |
| FY2020 | 7.8× | (7.13%) |
| FY2019 | 8.5× | (24.00%) |
| FY2018 | 11.1× | (95.67%) |
| FY2017 | 257× | 1,205.84% |
| FY2016 | 19.7× | — |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 13.5× | (26.78%) |
| Mar 2026 | 18.4× | 54.12% |
| Dec 2025 | 11.9× | 17.54% |
| Sep 2025 | 10.2× | (28.86%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| OKLO Oklo Inc. compare | n/m |
| HNRG Hallador Energy Company compare | n/m |
| DGXX Digi Power X Inc. compare | n/m |
| VST Vistra Corp. compare | 10.4× |
| NRG NRG Energy, Inc. | 11.0× |
| CEG Constellation Energy Corporation compare | 13.7× |
| KEN Kenon Holdings Ltd. compare | 23.6× |
| TLN Talen Energy Corporation compare | 48.3× |
| Utilities Independent Power Producers industry median | 13.7× |
| Utilities sector median | 12.1× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on NRG
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement