Dubai Electricity & Water Authority

Dubai Electricity & Water Authority PJSC

DEWAStocksDubai Financial MarketUtilities

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Ratios

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	132.50B	138.50B	142.00B	123.00B	116.00B
Market Cap Growth	+6.4%	-2.5%	+15.4%	+6.0%	—
Enterprise Value	159.60B	165.07B	170.48B	151.19B	143.06B
Last Close Price	2.65	2.77	2.71	2.23	1.97
Valuation Multiples
Forward PE (Next 12M Est.)	15.29	17.25	19.33	17.48	15.19
PE Ratio	15.87	16.59	20.25	15.97	15.02
PEG Ratio	1.58	1.84	8.10	9.36	9.36
PS Ratio	4.03	4.22	4.58	4.22	4.24
PB Ratio	1.36	1.42	1.50	1.33	1.26
P/TBV Ratio	1.47	1.53	1.60	1.39	1.30
P/FCF Ratio	11.77	12.30	17.39	12.66	20.71
P/OCF Ratio	6.06	6.34	8.14	7.45	8.15
EV/Sales Ratio	4.86	5.03	5.50	5.18	5.23
EV/EBITDA Ratio	9.50	9.84	11.06	10.45	10.57
EV/EBIT Ratio	15.66	16.20	19.06	17.91	17.53
EV/FCF Ratio	14.17	14.66	20.87	15.57	25.54
Leverage & Capital
Debt / Equity Ratio	0.40	0.40	0.38	0.42	0.44
Debt / EBITDA Ratio	2.30	2.30	2.35	2.68	3.01
Debt / FCF Ratio	3.44	3.44	4.44	4.01	7.27
Net Debt / Equity Ratio	0.21	0.21	0.23	0.27	0.26
Net Debt / EBITDA Ratio	1.21	1.21	1.43	1.76	1.79
Net Debt / FCF Ratio	1.81	1.81	2.69	2.62	4.34
Efficiency & Liquidity
Asset Turnover	0.17	0.17	0.17	0.16	0.16
Inventory Turnover	13.18	13.18	13.12	12.79	11.59
Quick Ratio	0.82	0.82	0.68	0.64	1.21
Current Ratio	0.89	0.89	0.75	0.72	1.30
Returns & Yields
Return on Equity (ROE)	+9.4%	+9.4%	+7.7%	+8.6%	+8.7%
Return on Assets (ROA)	+3.4%	+3.4%	+3.1%	+2.9%	+2.9%
Return on Capital Employed (ROCE)	+6.0%	+6.0%	+5.6%	+5.5%	+5.0%
Earnings Yield	+6.3%	+6.0%	+4.9%	+6.3%	+6.7%
FCF Yield	+8.5%	+8.1%	+5.8%	+7.9%	+4.8%
Dividend Yield	+4.7%	+4.5%	+4.6%	+5.6%	+6.3%
Payout Ratio	+74.3%	+74.3%	+88.4%	+102.2%	+169.6%
Total Shareholder Return	+4.7%	+4.5%	+4.6%	+5.6%	+6.3%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Ratios

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	132.50B	138.50B	142.00B	123.00B	116.00B
Market Cap Growth	+6.4%	-2.5%	+15.4%	+6.0%	—
Enterprise Value	159.60B	165.07B	170.48B	151.19B	143.06B
Last Close Price	2.65	2.77	2.71	2.23	1.97
Valuation Multiples
Forward PE (Next 12M Est.)	15.29	17.25	19.33	17.48	15.19
PE Ratio	15.87	16.59	20.25	15.97	15.02
PEG Ratio	1.58	1.84	8.10	9.36	9.36
PS Ratio	4.03	4.22	4.58	4.22	4.24
PB Ratio	1.36	1.42	1.50	1.33	1.26
P/TBV Ratio	1.47	1.53	1.60	1.39	1.30
P/FCF Ratio	11.77	12.30	17.39	12.66	20.71
P/OCF Ratio	6.06	6.34	8.14	7.45	8.15
EV/Sales Ratio	4.86	5.03	5.50	5.18	5.23
EV/EBITDA Ratio	9.50	9.84	11.06	10.45	10.57
EV/EBIT Ratio	15.66	16.20	19.06	17.91	17.53
EV/FCF Ratio	14.17	14.66	20.87	15.57	25.54
Leverage & Capital
Debt / Equity Ratio	0.40	0.40	0.38	0.42	0.44
Debt / EBITDA Ratio	2.30	2.30	2.35	2.68	3.01
Debt / FCF Ratio	3.44	3.44	4.44	4.01	7.27
Net Debt / Equity Ratio	0.21	0.21	0.23	0.27	0.26
Net Debt / EBITDA Ratio	1.21	1.21	1.43	1.76	1.79
Net Debt / FCF Ratio	1.81	1.81	2.69	2.62	4.34
Efficiency & Liquidity
Asset Turnover	0.17	0.17	0.17	0.16	0.16
Inventory Turnover	13.18	13.18	13.12	12.79	11.59
Quick Ratio	0.82	0.82	0.68	0.64	1.21
Current Ratio	0.89	0.89	0.75	0.72	1.30
Returns & Yields
Return on Equity (ROE)	+9.4%	+9.4%	+7.7%	+8.6%	+8.7%
Return on Assets (ROA)	+3.4%	+3.4%	+3.1%	+2.9%	+2.9%
Return on Capital Employed (ROCE)	+6.0%	+6.0%	+5.6%	+5.5%	+5.0%
Earnings Yield	+6.3%	+6.0%	+4.9%	+6.3%	+6.7%
FCF Yield	+8.5%	+8.1%	+5.8%	+7.9%	+4.8%
Dividend Yield	+4.7%	+4.5%	+4.6%	+5.6%	+6.3%
Payout Ratio	+74.3%	+74.3%	+88.4%	+102.2%	+169.6%
Total Shareholder Return	+4.7%	+4.5%	+4.6%	+5.6%	+6.3%