Stocktoria

DTE ENERGY CO DTB

NYSE · stock · Electric Services · website · IPO 1949-11-16 · LEI

DTE ENERGY CO statistics & valuation

Market cap$32.1B
P / E22.0×
P / B2.6×
Dividend yield2.71%
Return on equity11.9%
Net debt$25.1B
Net debt / EBITDA6×
Enterprise value USD$57.2B
EV / EBITDA13.6×
Earnings yield EBIT/EV4.1%
Return on capital4.9%
Graham number +503.5%$96.80

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($96.80); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
14.00% 13.60% 2016201720182019202020212022202320242025
Return on equity (%)
9.10% 11.40% 10.50% 9.90% 10.90% 10.40% 10.40% 12.60% 12.00% 11.90% 2016201720182019202020212022202320242025
Shares outstanding
179.4M 179.4M 181.9M 192.2M 193.8M 194.0M 205.6M 206.4M 207.2M 207.7M 2016201720182019202020212022202320242025
Net debt ($)
$11.28B $12.34B $13.68B $16.66B $19.13B $17.49B $18.09B $19.68B $22.11B $25.10B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.70% 3.40% 3.10% 2.80% 3.00% 2.30% 2.50% 3.10% 2.90% 2.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.20× 1.24× 1.28× 1.42× 1.56× 2.01× 1.74× 1.78× 1.89× 2.06× 2016201720182019202020212022202320242025
EPS ($)
$4.83 $6.32 $6.17 $6.31 $7.08 $4.67 $5.52 $6.76 $6.77 $7.03 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DTE ENERGY CO trades at about 2.3× earnings — below its 10-year norm (10-year range 2.5×–5.2×, median 3.6×).

2.3× 5.2×

Shaded band = 10-year range (2.5×–5.2×); dot = today's 2.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin————————13.6%14.0%
Net margin————————9.0%8.2%
Return on assets2.7%2.9%3.1%2.5%2.3%3.0%2.8%3.1%3.4%2.7%
Return on equity11.9%12.0%12.6%10.4%10.4%10.9%9.9%10.5%11.4%9.1%
Debt / equity2.06×1.89×1.78×1.74×2.01×1.56×1.42×1.28×1.24×1.20×
Current ratio0.800.710.600.810.521.300.770.731.101.13

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.