Stock · EOAN.DE · Utilities

E.ON SE

Germany · Large Cap · Revenue 12 mo. €74.9B

Price as of 11/06/2026

StockScorer score
3.6
of 10 4 of 11 points Low Match To the score
Price
€19.09
1 Y +8.5%
Market cap
€48.7B
Phase
Decline
revenue shrinking or core business not earning
Revenue −12.0% a year (3 years)EBIT margin 7.3%Payout 20.8% of operating cash flow

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

moreless

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. The company operates through Energy Networks, Energy Infrastructure Solutions, and Energy Retail segments. The Energy Networks segment operates power and gas distribution networks; and offers maintenance, repair, and related services for its power and gas networks. Its Energy Infrastructure Solutions provides integrated and sustainable energy solutions for cities, municipalities, and industrial and commercial customers comprising district heating and cooling; heat, steam, and electricity services; embedded solutions; products and services that enhance energy efficiency. This segment also installs smart energy meters, block-type thermal power stations, photovoltaic systems, air-conditioning systems, and heat pumps. Its Energy Retail segment supplies power and gas; installs customer connections and connects renewable energy generating stations to the grid; and offers a range of green power and green gas, and sustainable solutions that enhance energy efficiency for residential, small and medium-sized enterprises, commercial and industrial, and sales partners. It also provides digital solutions; biogas and biomethane products; and compressed natural gas refueling services, as well as solar and battery storage systems, heating systems, and charging infrastructure for electric vehicle. E.ON SE was founded in 1923 and is headquartered in Essen, Germany.

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Summary

E.ON SE is around the middle of the Utilities sector overall

48.0 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

Free cash flow was negative in 2025. No priced-in expectation can be derived from it.

Valuation against its own history

Price to operating cash flow 6.8×, above its usual range.

Middle half of 20 quarters: 4.3× to 6.6×, median 5.8×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

No sign supports the expectation, 5 speak against it.

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

  • Earnings declined earnings −61.7% year on year
  • Negative free cash flow FCF −€937M (2025)
  • High leverage debt to equity 2.14
2 more
  • Dividend above free cash flow
  • Volatile earnings 6 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 2 figures better, 2 worse.

  • FCF, 12 mo.−€387.0M → −€160.0M+58.7%better
  • Gross margin20.9% → 18.8%−2.0 ppworse
  • EBIT margin6.9% → 7.9%+1.0 ppbetter
  • Shares outstanding2.61B → 2.73B+4.4%worse

4 more unchanged: Revenue, 12 mo., FCF margin, Net debt, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability43.0around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity9.00%9.62%Rank 43
Return on capital (Greenblatt)11.33%6.41%Rank 84
EBIT margin7.30%19.18%Rank 21
FCF margin−1.19%−1.66%Rank 51
Gross margin11.57%29.12%Rank 17
Growth37.0below the middleGrows more slowly than the sector: Earnings growth, 3 years per year −1.85%, sector 7.55%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−1.77%4.81%Rank 33
Earnings growth, 3 years per year−1.85%7.55%Rank 21
Earnings growth, 5 years per year11.21%6.85%Rank 70
Sustainable growth (ROE × retained earnings)10.09%28.08%Rank 24
Valuation60.7above the middleValued lower than the sector: EV/sales 1.09, sector 4.63.
MetricStockSector medianPosition in sector
Earnings yield3.48%4.89%Rank 21
FCF yield−1.92%−0.91%Rank 46
EV/saleslower is better1.094.63Rank 89
EV/EBITlower is better14.8921.24Rank 87
Momentum63.9above the middleShare price doing better than the sector: Share price, 6 months 7.01%, sector 0.12%.
MetricStockSector medianPosition in sector
Share price, 1 year8.53%−1.83%Rank 73
Share price, 6 months7.01%0.12%Rank 77
Share price, 3 months5.45%6.83%Rank 39
Distance from 52-week high−5.99%−9.51%Rank 66
Quality49.1around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better1.54%3.91%Rank 77
Change in share countlower is better0.04%0.35%Rank 61
Dividend streak in years88Rank 55
Price reaction to results, market-adjusted−3.48%0.04%Rank 4
Balance sheet & risk34.1below the middleMore risk than the sector: Equity ratio 16.54%, sector 28.29%.
MetricStockSector medianPosition in sector
Equity ratio16.54%28.29%Rank 8
Net debt/EBITDAlower is better4.435.05Rank 60
Debt to equitylower is better2.141.51Rank 22
Volatility, 1 yearlower is better23.28%22.48%Rank 46

Ten years in figures

Revenue from €38.2B (2016) to €78.7B (2025), 8.4% a year.

Fiscal years, amounts in EUR
YearRevenue, €BEBIT marginFCFSharesNet debt, €B
201638.2−7.1%€2.3B1.95B8.7
201737.312.5%−€5.0B2.13B10.3
201829.47.2%€573.0M2.17B6.0
201940.84.3%−€276.0M2.29B30.1
202060.93.1%€951.0M2.61B30.2
202177.4−15.1%−€418.0M2.61B31.0
2022115.7−2.8%€5.5B2.61B26.8
202393.719.1%−€356.0M2.61B29.9
202480.110.7%−€1.3B2.61B33.3
202578.77.3%−€937.0M2.61B37.6
3.6 / 10Low MatchStockScorer score4 of 11 points

2 of 7 StockScorer Score rules met · How the score is built

E.ON SE mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How E.ON SE's score is built

E.ON SE is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

2 of 7 rules met

4 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does E.ON SE stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Defensive: Low Volatility
  • Growth Momentum (CAN SLIM principle)
  • Dividend Aristocrats & Continuity
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Altman Z-Score: Stress Test
  • Moat Quality
  • Balanced GARP
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Undervalued Stocks: Multi-Factor Check

E.ON SE key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for E.ON SE.

MetricStockSector
P/E ratio28.819.8
P/B ratio2.61.9
Return on equity (ROE)9.0%9.6%
Equity ratio16.5%28.3%
Debt-to-equity (D/E)2.141.51
Dividend yield3.0%3.3%

Similar stocks in Utilities

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
EOAN.DEE.ON SEthis page
RWE.DERWE AGLow0.9
EBK.DEEnBW Energie Baden-Württemberg AGlocked
SRESempra EnergyLow0.0
SSE.LSSE PLClocked
ENGI.PAEngie S.A.locked

Frequently asked questions about E.ON SE stock

How does E.ON SE stock (EOAN.DE) score in the StockScorer model?
E.ON SE stock reaches a StockScorer score of 3.6 out of 10, which is a low match with the rule-based strategies. 2 out of 7 flagship profile rules are met.
What is E.ON SE's P/E ratio?
E.ON SE's P/E ratio is 28.8. The Utilities sector median is 19.8.
What sector is E.ON SE in?
E.ON SE is assigned to the Utilities sector. Its rank within the sector is 48.0 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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