Meridian Energy Limited engages in the generation, trading, and retailing of electricity to residential, business, and industrial customers in New Zealand, Australia, and the United Kingdom. As of June 30, 2022, it generates electricity through 7 hydro stations that has a capacity of 2,353 MW; 5 wind farms that has a capacity of 416 MW; and solar farms. The company also provides management, insurance, financing, professional, trustee, and software development services; and licenses Flux developed electricity and gas retailing platform, as well as offers solar installation services. It sells electricity under the Meridian Energy and Powershop brands. The company was formerly known as Hydro Energy Limited and changed its name to Meridian Energy Limited in March 1999. Meridian Energy Limited was incorporated in 1998 and is based in Wellington, New Zealand.
P/E ratio for Meridian Energy Limited (MEZ.AX)
P/E ratio as of 2024: 39.10
According to Meridian Energy Limited's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.10. At the end of 2023 the company had a P/E ratio of 151.49.
P/E ratio history for Meridian Energy Limited from 2010 to 2024
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2024 | 39.10 |
| 2023 | 151.49 |
| 2022 | 26.07 |
| 2021 | 31.78 |
| 2020 | 71.61 |
| 2019 | 34.94 |
| 2018 | 39.84 |
| 2017 | 37.90 |
| 2016 | 35.98 |
| 2015 | 22.45 |
| 2014 | 19.80 |
| 2013 | 14.74 |
| 2012 | 39.33 |
| 2011 | 9.80 |
| 2010 | 15.29 |