Emera (EMA) Stock Analysis

November 11, 2026

This is a peer-relative look at Emera (EMA): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Utilities peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Emera (EMA)
Profile Item	EMA
Name	Emera Inc.
Country/Region	Canada
GICS Sector	Utilities
GICS Industry Group	Utilities
GICS Industry	Electric Utilities
GICS Sub-Industry	Electric Utilities
Market Capitalization	15.62 billion USD
Currency	USD
Exchange	NYSE
Listing Date	January 5, 2010
Security Type	Common Stock

Price Performance

Cumulative Growth

EMA

GSPC

Emera (EMA) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Emera (EMA) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Emera (EMA) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Emera (EMA) metric values compared with Utilities industry-group medians
Metric	Current stock: EMA	Industry group median
Total Return (1Y)	9.07%	5.85%
Total Return (3Y, Annualized)	18.64%	15.48%
Total Return (5Y, Annualized)	6.45%	8.14%

Risk Profile

Drawdown History

EMA

GSPC

Emera (EMA) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Emera (EMA) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Emera (EMA) metric values compared with Utilities industry-group medians
Metric	Current stock: EMA	Industry group median
Volatility (1Y, Annualized)	16.26%	22.23%
Beta (5Y)	0.40	0.53
Max Drawdown (5Y)	-32.61%	-36.85%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. EMA is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Emera (EMA) metric values compared with Utilities industry-group medians
Metric	Current stock: EMA	Industry group median
Sharpe Ratio (1Y)	0.29	0.08
Sortino Ratio (1Y)	0.43	0.12

Profitability

ROE (TTM)

Emera (EMA) posts ROE of 7.56%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

EMA

Utilities industry group

7.56%

Group distribution

Max: 17.99%
Q3: 12.01%
Median: 9.44%
EMA: 7.56%
Q1: 7.56%
Min: 2.17%

Largest peers

CEG: 15.06%
NEE: 14.06%
SO: 11.90%
AEP: 10.60%
NGG: 10.31%
DUK: 10.10%
EMA: 7.56%

Where Emera (EMA) stands on ROE within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Emera (EMA) keeps 11.64% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

EMA

Utilities industry group

11.64%

Group distribution

Max: 28.78%
Q3: 17.30%
Median: 12.73%
EMA: 11.64%
Q1: 9.18%
Min: -0.20%

Largest peers

NEE: 40.37%
NGG: 21.15%
DUK: 16.16%
SO: 16.00%
AEP: 14.21%
EMA: 11.64%
CEG: 11.08%

Where Emera (EMA) stands on net margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Emera (EMA) turns 17.85% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

EMA

Utilities industry group

17.85%

Group distribution

Max: 53.83%
Q3: 31.12%
Median: 23.62%
EMA: 17.85%
Q1: 15.45%
Min: -4.90%

Largest peers

SO: 36.92%
NEE: 33.00%
DUK: 30.03%
NGG: 28.64%
AEP: 26.89%
EMA: 17.85%
CEG: 8.66%

Where Emera (EMA) stands on operating margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Emera (EMA) metric values compared with Utilities industry-group medians
Metric	Current stock: EMA	Industry group median
ROE (TTM)	7.56%	9.44%
ROA (TTM)	2.91%	3.08%
Net Margin (TTM)	11.64%	12.73%
Operating Margin (TTM)	17.85%	23.62%
Gross Margin (TTM)	43.76%	44.03%

Growth

Revenue Growth

Emera (EMA) grew revenue 21.89%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Emera (EMA): Revenue Growth across different time periods, set against Utilities industry-group medians.

EPS Growth

Emera (EMA) grew earnings per share 97.66%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Emera (EMA): EPS Growth across different time periods, set against Utilities industry-group medians.

Growth Metrics

Emera (EMA) metric values compared with Utilities industry-group medians
Metric	Current stock: EMA	Industry group median
Revenue Growth (YoY)	21.89%	8.45%
Revenue Growth (3Y CAGR)	4.97%	3.87%
EPS Growth (YoY)	97.66%	3.93%
EPS Growth (3Y CAGR)	-1.62%	5.25%

Financial Strength

Current Ratio (MRQ)

Emera (EMA) has current ratio of 0.73, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

EMA

Utilities industry group

0.73

Group distribution

Max: 1.90
Q3: 1.17
Median: 0.88
EMA: 0.73
Q1: 0.66
Min: 0.29

Largest peers

CEG: 1.46
SO: 0.84
EMA: 0.73
DUK: 0.68
NGG: 0.62
NEE: 0.53
AEP: 0.51

Where Emera (EMA) stands on current ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Emera (EMA) has debt-to-equity ratio of 1.54, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

EMA

Utilities industry group

1.54

Group distribution

Max: 2.63
Q3: 1.77
EMA: 1.54
Median: 1.35
Q1: 0.84
Min: 0.00

Largest peers

SO: 1.68
DUK: 1.63
AEP: 1.62
EMA: 1.54
NEE: 1.53
NGG: 1.32
CEG: 0.76

Where Emera (EMA) stands on debt-to-equity ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Emera (EMA) metric values compared with Utilities industry-group medians
Metric	Current stock: EMA	Industry group median
Current Ratio (MRQ)	0.73	0.88
Debt / Equity (MRQ)	1.54	1.35
Net Debt / EBITDA	6.38	5.31

Dividends

Dividend Yield (TTM)

Emera (EMA) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

EMA

Utilities industry group

0.00%

Group distribution

Max: 6.66%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
EMA: 0.00%
Min: 0.00%

Largest peers

DUK: 3.29%
SO: 3.21%
AEP: 3.00%
NEE: 2.76%
CEG: 0.68%
NGG: 0.57%
EMA: 0.00%

Where Emera (EMA) stands on dividend yield within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Emera (EMA) has payout ratio of 92.48%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

EMA

Utilities industry group

92.48%

Group distribution

Max: 113.04%
EMA: 92.48%
Q3: 68.72%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

Largest peers

EMA: 92.48%
NGG: 71.97%
SO: 68.49%
DUK: 62.76%
AEP: 62.09%
NEE: 43.89%
CEG: 15.92%

Where Emera (EMA) stands on payout ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Emera (EMA) metric values compared with Utilities industry-group medians
Metric	Current stock: EMA	Industry group median
Dividend Yield (TTM)	0.00%	2.85%
Dividend Payout Ratio (TTM)	92.48%	56.38%

Valuation

P/E Ratio (TTM)

Emera (EMA) trades at P/E ratio of 23.58, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

EMA

Utilities industry group

23.58

Group distribution

Max: 31.22
EMA: 23.58
Q3: 23.30
Median: 19.64
Q1: 15.17
Min: 3.34

Largest peers

CEG: 24.43
EMA: 23.58
SO: 21.08
AEP: 20.67
DUK: 18.74
NEE: 15.67
NGG: 15.54

Where Emera (EMA) stands on P/E ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Emera (EMA) trades at 1.75 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

EMA

Utilities industry group

1.75

Group distribution

Max: 6.35
Q3: 3.63
Median: 2.63
EMA: 1.75
Q1: 1.52
Min: 0.00

Largest peers

NEE: 6.33
NGG: 4.46
SO: 3.45
DUK: 2.99
AEP: 2.92
CEG: 2.83
EMA: 1.75

Where Emera (EMA) stands on P/S ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Emera (EMA) trades at 1.80 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

EMA

Utilities industry group

1.80

Group distribution

Max: 3.12
Q3: 2.21
Median: 1.83
EMA: 1.80
Q1: 1.46
Min: 0.34

Largest peers

NGG: 9.36
NEE: 2.97
CEG: 2.78
SO: 2.56
AEP: 2.10
DUK: 1.83
EMA: 1.80

Where Emera (EMA) stands on P/B ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Emera (EMA) metric values compared with Utilities industry-group medians
Metric	Current stock: EMA	Industry group median
P/E Ratio (TTM)	23.58	19.64
P/S Ratio (TTM)	1.75	2.63
P/B Ratio (MRQ)	1.80	1.83
Free Cash Flow Yield (TTM)	-9.18%	-7.11%