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Calpine's Stock Rose 3.8% on Positive 3Q15 Earnings Report (Continued from Prior Part) Calpine and its peers
In this article, we’ll compare Calpine to its industry peers in terms of some key metrics:
- The PE (price-to-earnings) ratios of Calpine (CPN), Duke Energy (DUK), CMS Energy (CMS), AES (AES), and NRG Energy (NRG) are 7.4x, 21.3x, 21.6x, 8.8x, and 49.6x, respectively.
- The PBV (price-to-book value) ratios of Calpine, Duke Energy, CMS Energy, AES, and NRG Energy are 1.93x, 1.25x, 2.60x, 1.97x, and 0.46x, respectively.
- The PS (price-to-sales) ratios of Calpine, Duke Energy, CMS Energy, AES, and NRG Energy are 0.77x, 2.08x, 1.51x, 0.46x, and 0.27x, respectively.
Thus, Calpine’s peers have outperformed it based on PE.
ETFs that invest in Calpine
The First Trust Utilities AlphaDEX Fund (FXU) invests 4.0% of its holdings in Calpine. The ETF tracks a tiered equal-weighted index of US utilities selected from the Russell 1000.
The PowerShares WilderHill Progressive Energy Portfolio (PUW) invests 2.4% of its holdings in Calpine. The ETF tracks an index of companies that improve the near-term use of fossil fuels and nuclear energy weighted equally by sector.
The Vanguard Utilities ETF (VPU) invests 0.97% of its holdings in Calpine. The ETF tracks a broad-based, market-cap-weighted index of US utility companies.
Comparing Calpine and its ETFs
Now let’s look at Calpine compared to its ETFs:
- The year-to-date price movements of Calpine, FXU, PUW, and VPU are -29.9%, -4.5%, -17.0%, and -4.8%, respectively.
- The PE (price-to-earnings) ratios of Calpine, FXU, PUW, and VPU are 7.42x, 15.82x, 84.68x, and 16.94x, respectively.
- The PBV (price-to-book value) ratios of Calpine, FXU, PUW, and VPU are 1.93x, 1.45x, 1.24x, and 1.64x, respectively.
According to the above findings, ETFs have outperformed Calpine based on price movement and PE. However, Calpine is way ahead of its ETFs based on PBV.
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