Vector Ltd
NZX:VCT

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Vector Ltd
NZX:VCT
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Price: 4.79 NZD -3.04% Market Closed
Market Cap: NZ$4.8B

P/E

30.9
Current
17%
More Expensive
vs 3-y average of 26.4

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
30.9
=
Market Cap
NZ$4.8B
/
Net Income
NZ$155.1m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
30.9
=
Market Cap
NZ$4.8B
/
Net Income
NZ$155.1m

Valuation Scenarios

Vector Ltd is trading above its 3-year average

If P/E returns to its 3-Year Average (26.4), the stock would be worth NZ$4.09 (15% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-18%
Maximum Upside
No Upside Scenarios
Average Downside
15%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 30.9 NZ$4.79
0%
3-Year Average 26.4 NZ$4.09
-15%
5-Year Average 25.7 NZ$3.99
-17%
Industry Average 28.1 NZ$4.36
-9%
Country Average 25.3 NZ$3.93
-18%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
NZ$4.8B
/
Jan 2026
NZ$155.1m
=
30.9
Current
NZ$4.8B
/
Jun 2026
NZ$240m
=
20.2
Forward
NZ$4.8B
/
Jun 2027
NZ$271.3m
=
17.9
Forward
NZ$4.8B
/
Jun 2028
NZ$289.7m
=
16.7
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
Close

Market Distribution

In line with most companies in New Zealand
Percentile
62nd
Based on 177 companies
62nd percentile
30.9
Low
6 — 17
Typical Range
17 — 36.4
High
36.4 —
Distribution Statistics
New Zealand
Min 6
30th Percentile 17
Median 25.3
70th Percentile 36.4
Max 9 117.1

Vector Ltd
Glance View

Market Cap
4.8B NZD
Industry
Utilities

Founded in New Zealand, Vector Ltd is a notable player in the energy and utilities sector, carving its niche by managing electricity and gas distribution services. This Auckland-based company has honed its focus on providing infrastructure that supports the regions where it operates, significantly impacting the energy supply chain. Vector's operations revolve around managing the logistics of power distribution and creating a seamless experience for its clientele, from utility companies to end consumers. By overseeing an extensive network of electricity lines and gas pipelines, Vector ensures that these essential resources reach both urban and remote areas efficiently, thus playing a crucial role in keeping the literal and metaphorical lights on in New Zealand homes and businesses. To generate revenue, Vector employs a business model that capitalizes on its robust infrastructure framework and partnerships. This model isn't just about traditional energy distribution; Vector has also embraced new energy solutions such as solar and battery storage systems along with smart meters that offer data-driven insights. These innovations not only provide more efficient energy solutions but also open up diversified income streams for the company. Additionally, Vector's investment in technology further extends into services for maintaining infrastructure and providing energy solutions that align with modern demands for sustainability and efficiency. By integrating these contemporary approaches with their established operations, Vector effectively positions itself not just as a utility service provider, but also as a forward-thinking energy solutions company.

VCT Intrinsic Value
5.13 NZD
Undervaluation 7%
Intrinsic Value
Price NZ$4.79
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