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DTE Energy Company (DTE) Fair Value & Analysis

Utilities · US · Market cap $31.0B · ISIN US2333311072

What is DTE Energy Company really worth?

DE DTE Energy Company logo DTE Energy Company DTE · US
Price$137.07
Fair Value$87.58
Upside−36.1%
Quality45/100

Below-average quality, and trading another 57% above our fair value of $87.58.

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Risks

!Weak Growth (revenue 5y +6.7 %/yr)
!Thin margins · 7.7% net margin
!High debt · negative free cash flow
!Trails peers (3/14)
!Moderate moat 54/100
!Weak on balance sheet: 3 out of 100

For context

·3.24% dividend yield
Evidence: High Range $65.69 – $130.99

Fair value as of: Sep 3, 2026

From 15 valuation models · updated yesterday

Share price −3.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($130.99). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($65.69 to $130.99) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$154.43 $85.77 Fair Value $87.58 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range $85.77 – $154.43 · fair‑value band $65.69 – $130.99 · the $137.07 price screens above the $87.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.

Full chart & analysis →

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Analysis

DTE Energy Company (DTE) currently trades at $137.07, while our model-based Fair Value estimate is $87.58, implying the stock looks roughly 56.5% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of $106.63 per share, and 0 of the 15 models we run sit above the $137.07 price. Bear case: the Earnings-Based group reads lowest at $32.75, and 15 of the 15 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, DTE Energy Company generated revenue of $16.5B at a net margin of 7.7%. Revenue grew 15.8% year over year. It earns a return on equity of 10.4%. Net debt stands at $26.3B. Fundamentals as of Sep 3, 2026

Our scenario range runs from $65.69 (bear case) to $130.99 (bull case); at $137.07, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −37% fair-value upside, at −36%, DTE screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.11 per share, which is 1.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence $54.81 $63.66 $109.66 74
EPV $1.05 $15.32 68
ROIC Compounder $1.05 $15.32 68
All 15 models by family
Earnings-Based
Graham-Dodd $47.79 $122.45 $159.38 65
PEG = 1.0 $22.92 $32.75 $42.57 57
EPV $1.05 $15.32 68
Dividend Discount
Gordon GGM $38.44 $75.03 $126.80 66
DDM Multi-Stage $38.44 $58.73 $80.61 66
Multiples
P/E Multiple $94.88 $126.50 $158.13 63
P/S Multiple $89.61 $119.47 $149.34 58
P/B Multiple $79.84 $106.45 $133.07 55
EV/EBIT $15.32 $58.11 $100.91 59
EV/EBITDA $41.31 $92.77 $144.23 63
EV/Revenue $35.29 $79.79 50
Asset-Based
NCAV (Graham) $29.57 $39.62 $59.14 54
Economic Profit
Residual Income best evidence $54.81 $63.66 $109.66 74
ROIC Compounder $1.05 $15.32 68
Growth Earnings
Growth-Adj P/E $74.64 $106.63 $138.62 67

Widest divergence: Growth Earnings ($106.63) versus Economic Profit ($1.05). Highest evidence: Residual Income (74).

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Key figures & financial health

P/E ratio 22.8
P/S ratio 2.10 P/E × margin
EPS (TTM) $6.02 price ÷ EPS = P/E 22.8
Dividend yield 3.2% payout 73.7%
Net margin 9.2% FY2025
Return on equity 10.4% TTM
More key figures
Profitability
Return on assets (EBIT) 4.3% avg 5y
Operating margin 10.2% TTM
Growth
Revenue (TTM) $16.5B TTM
Revenue growth (YoY) +15.8% 3y avg −6.3%
EPS growth (YoY) −44.4%
Balance sheet & cash flow
Free cash flow −$1.0B FY2025
Net debt $26.3B FY2025

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 56

Profitability 37
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

DTE Energy Company engages in energy-related businesses and services. The company operates through four segments: Electric, Gas, DTE Vantage, and Energy Trading.The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan.

Full company description

DTE Energy Company engages in energy-related businesses and services. The company operates through four segments: Electric, Gas, DTE Vantage, and Energy Trading.The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, natural gas plant, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates 702 distribution substations with a capacity of approximately 37,870,000 kilovolt-amperes (kVA) and approximately 4,56,900 line transformers with a capacity of approximately 33,770,000 kVA. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.4 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,242,000 service pipelines; and 1,361,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power generation, steam production, chilled water production, and wastewater treatment services, as well as compressed air supply to industrial customers. This segment also owns and operates 2 renewable generating plants with a capacity of 70 MWs; and 22 gas recovery sites. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1849 and is based in Detroit, Michigan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DTE Energy Company reported revenue of $15.8B in FY2025 versus $15.0B in FY2021, a compound +1.4%/yr. Reported net income was $1.5B in FY2025, compounding +12.7%/yr from FY2021.

Growth Quality 35/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$15.8B
Latest YoY
+26.9%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Avg. revenue growth/yr (40Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+5.5% (2.3 + 3.2)
Revenue +1.4%/yr
FY21 $15.0B
FY22 $19.2B
FY23 $12.7B
FY24 $12.5B
FY25 $15.8B
Net income +12.7%/yr
FY21 $907M
FY22 $1.1B
FY23 $1.4B
FY24 $1.4B
FY25 $1.5B
Character of growth · EPS growth decomposed (2014-2025) +4.4 % p.a.
Revenue per share +0.7 %

of which total revenue +2.4 % · buybacks/dilution −1.6 %

EBIT margin +2.6 %
Tax rate +2.8 %
Residual (interest, one-offs) −1.7 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

DTE screens 57% overvalued. Compare with NextEra Energy, Inc →

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Cite: Fair Value Calculator (2026). "DTE Energy Company Fair Value". https://www.fairvalue-calculator.com/stock/DTE

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Utilities - Regulated Electric · 153 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 45 · Below median
Fair Value upside −36% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Below median
Net margin (TTM) 8% · Below median
Operating margin (TTM) 10% · Below median
Revenue growth 16% · Top 25%
Dividend yield (TTM) 3.2% · Below median
Debt / equity 1.93× · Higher than 75% of peers

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 22.8× · Pricier than median
P/B 2.52× · Pricier than 75% of peers
P/S (TTM) 1.88× · Pricier than median
EV/EBITDA 15.4× · Pricier than 75% of peers
PEG 2.09× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE79 · sector 32
PAST42 · sector 39
HEALTH3 · sector 52
DIVIDEND65 · sector 65

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $83.47 $32.94 −61%
The Southern Company SO $88.25 $58.81 −33%
Duke Energy Corporation DUK $120.25 $74.89 −38%
National Grid plc NGG $80.68 $63.94 −21%
American Electric Power Company AEP $122.96 $77.23 −37%
Dominion Energy, Inc D $66.01 $46.34 −30%
Entergy Corporation ETR $105.75 $52.92 −50%
Xcel Energy Inc XEL $76.34 $44.61 −42%
Exelon Corporation EXC $43.96 $37.60 −14%
Endesa, S.A ELE €42.30 €25.72 −39%

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Frequently asked questions

Is DTE Energy Company (DTE) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of $87.58 versus a price of $137.07, about −36% upside (overvalued).
What is the fair value of DTE?
Our model-based fair value for DTE Energy Company is $87.58 (as of Sep 3, 2026), built from audited fundamentals. The current price: $137.07.
What is the quality score of DTE?
DTE Energy Company has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of DTE Energy Company (DTE)?
DTE Energy Company reported trailing-twelve-month revenue of about $16.5B (latest available figure, as of Sep 3, 2026).
What is the net profit margin of DTE?
The net profit margin of DTE Energy Company is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.
Does DTE Energy Company pay a dividend?
DTE Energy Company currently shows a dividend yield of about 3.24% relative to its recent price (as of Sep 3, 2026).
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