XEL Price / Book | Xcel Energy Inc.

XCEL ENERGY INC Price/Book Ratio

The price-to-book (P/B) ratio compares what the stock market says a company is worth with what the company's own books say it is worth. It is market capitalization divided by shareholder equity, the book value left after subtracting liabilities from assets, and the table shows both amounts. A ratio of 1.0 means market value equals book value; a higher ratio means investors value the company above its net assets, often for brands, software or expected growth the books do not record. A negative ratio means equity is negative. Each point uses the filed share count and the last closing price on or before the equity's reporting date, never today's price.

XCEL ENERGY INC price/book ratio for the quarter ending 2026-06-30 was 2.08, a 8.47% increase year-over-year.
XCEL ENERGY INC price/book ratio for the quarter ending 2026-03-31 was 2.08, a 1.06% increase year-over-year.
XCEL ENERGY INC price/book ratio for the quarter ending 2025-12-31 was 1.95, a 1.77% decline year-over-year.
XCEL ENERGY INC price/book ratio for the quarter ending 2025-09-30 was 2.25, a 16.26% increase year-over-year.
XCEL ENERGY INC price/book ratio for fiscal 2026 was 2.08.
XCEL ENERGY INC price/book ratio for fiscal 2025 was 1.95, a 1.77% decline from fiscal 2024.
XCEL ENERGY INC price/book ratio for fiscal 2024 was 1.99, a 1.86% increase from fiscal 2023.
XCEL ENERGY INC price/book ratio for fiscal 2023 was 1.95, a 15.60% decline from fiscal 2022.

Available history: 2009-12-31 to 2026-06-30
Data captured: 2026-06-30

Historical Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	2.08	$50.11B	$24.06B
2026-03-31	2.08	$49.58B	$23.81B
2025-12-31	1.95	$46.07B	$23.61B
2025-09-30	2.25	$47.7B	$21.18B
2025-06-30	1.92	$40.25B	$20.96B
2025-03-31	2.06	$40.81B	$19.8B
2024-12-31	1.99	$38.78B	$19.52B
2024-09-30	1.94	$37.49B	$19.35B
2024-06-30	1.66	$29.77B	$17.95B
2024-03-31	1.67	$29.86B	$17.84B
2023-12-31	1.95	$34.36B	$17.62B
2023-09-30	1.82	$31.57B	$17.31B
2023-06-30	2.03	$34.28B	$16.91B
2023-03-31	2.21	$37.11B	$16.82B
2022-12-31	2.31	$38.53B	$16.68B
2022-09-30	2.14	$35.01B	$16.38B
2022-06-30	2.42	$38.69B	$15.97B
2022-03-31	2.5	$39.3B	$15.73B
2021-12-31	2.36	$36.83B	$15.61B
2021-09-30	2.22	$33.65B	$15.17B
2021-06-30	2.4	$35.46B	$14.79B
2021-03-31	2.43	$35.79B	$14.7B
2020-12-31	2.46	$35.83B	$14.58B
2020-09-30	2.63	$36.26B	$13.78B
2020-06-30	2.45	$32.83B	$13.39B
2020-03-31	2.38	$31.66B	$13.3B
2019-12-31	2.52	$33.3B	$13.24B
2019-09-30	2.54	$33.41B	$13.14B
2019-06-30	2.48	$30.63B	$12.37B
2019-03-31	2.35	$28.93B	$12.33B
2018-12-31	2.07	$25.33B	$12.22B
2018-09-30	1.99	$24.23B	$12.17B
2018-06-30	2	$23.25B	$11.65B
2018-03-31	2	$23.13B	$11.56B
2017-12-31	2.13	$24.43B	$11.46B
2017-09-30	2.1	$24.03B	$11.44B
2017-06-30	2.1	$23.3B	$11.12B
2017-03-31	2.04	$22.57B	$11.07B
2016-12-31	1.87	$20.64B	$11.02B
2016-09-30	1.9	$20.9B	$10.99B
2016-06-30	2.13	$22.75B	$10.7B
2016-03-31	1.99	$21.24B	$10.67B
2015-12-31	1.72	$18.23B	$10.6B
2015-09-30	1.7	$17.96B	$10.54B
2015-06-30	1.59	$16.31B	$10.27B
2015-03-31	1.73	$17.64B	$10.21B
2014-12-31	1.78	$18.17B	$10.21B
2014-09-30	1.51	$15.36B	$10.15B
2014-06-30	1.64	$16.28B	$9.92B
2014-03-31	1.56	$15.21B	$9.75B
2013-12-31	1.45	$13.91B	$9.57B
2013-09-30	1.44	$13.74B	$9.55B
2013-06-30	1.52	$14.09B	$9.3B
2013-03-31	1.61	$14.69B	$9.16B
2012-12-31	1.47	$13.03B	$8.87B
2012-09-30	1.53	$13.51B	$8.85B
2012-06-30	1.61	$13.84B	$8.57B
2012-03-31	1.51	$12.89B	$8.54B
2011-12-31	1.59	$13.45B	$8.48B
2011-09-30	1.42	$11.96B	$8.43B
2011-06-30	1.43	$11.77B	$8.23B
2011-03-31	1.41	$11.53B	$8.18B
2010-12-31	1.41	$11.36B	$8.08B
2010-09-30	1.39	$10.56B	$7.61B
2010-06-30	1.28	$9.47B	$7.39B
2010-03-31	1.32	$9.71B	$7.36B
2009-12-31	1.33	$9.71B	$7.28B

Annual Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	2.08	$50.11B	$24.06B
2025-12-31	1.95	$46.07B	$23.61B
2024-12-31	1.99	$38.78B	$19.52B
2023-12-31	1.95	$34.36B	$17.62B
2022-12-31	2.31	$38.53B	$16.68B
2021-12-31	2.36	$36.83B	$15.61B
2020-12-31	2.46	$35.83B	$14.58B
2019-12-31	2.52	$33.3B	$13.24B
2018-12-31	2.07	$25.33B	$12.22B
2017-12-31	2.13	$24.43B	$11.46B
2016-12-31	1.87	$20.64B	$11.02B
2015-12-31	1.72	$18.23B	$10.6B
2014-12-31	1.78	$18.17B	$10.21B
2013-12-31	1.45	$13.91B	$9.57B
2012-12-31	1.47	$13.03B	$8.87B
2011-12-31	1.59	$13.45B	$8.48B
2010-12-31	1.41	$11.36B	$8.08B
2009-12-31	1.33	$9.71B	$7.28B

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