PNM
PNM Resources Inc
Price:  
36.83 
USD
Volume:  
423,540.00
United States | Electric Utilities
Valuation
Overview
Financials
Forecast
Compare
Historical Price
SolvencyDividends
Transactions
People

PNM WACC - Weighted Average Cost of Capital

The WACC of PNM Resources Inc (PNM) is 5.6%.

The Cost of Equity of PNM Resources Inc (PNM) is 7.85%.
The Cost of Debt of PNM Resources Inc (PNM) is 4.60%.

Range Selected
Cost of equity 6.80% - 8.90% 7.85%
Tax rate 12.90% - 15.20% 14.05%
Cost of debt 4.00% - 5.20% 4.60%
WACC 4.9% - 6.3% 5.6%
WACC

PNM WACC calculation

Category Low High
Long-term bond rate 3.9% 4.4%
Equity market risk premium 4.6% 5.6%
Adjusted beta 0.63 0.71
Additional risk adjustments 0.0% 0.5%
Cost of equity 6.80% 8.90%
Tax rate 12.90% 15.20%
Debt/Equity ratio 1.39 1.39
Cost of debt 4.00% 5.20%
After-tax WACC 4.9% 6.3%
Selected WACC 5.6%