Exelon Corporation

NasdaqGS:EXC Stock Report

Market Cap: US$37.4b

Exelon Valuation

Is EXC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EXC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EXC ($37.02) is trading below our estimate of fair value ($50.97)

Significantly Below Fair Value: EXC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EXC?

Key metric: As EXC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EXC. This is calculated by dividing EXC's market cap by their current earnings.
What is EXC's PE Ratio?
PE Ratio15.3x
EarningsUS$2.43b
Market CapUS$37.37b

Price to Earnings Ratio vs Peers

How does EXC's PE Ratio compare to its peers?

The above table shows the PE ratio for EXC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.4x
PCG PG&E
15.4x10.5%US$41.5b
XEL Xcel Energy
20.6x10.6%US$38.3b
EIX Edison International
23.3x15.8%US$30.2b
ETR Entergy
18.3x9.8%US$31.9b
EXC Exelon
15.3x7.0%US$37.4b

Price-To-Earnings vs Peers: EXC is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (19.4x).

Price to Earnings Ratio vs Industry

How does EXC's PE Ratio compare vs other companies in the US Electric Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
EXC 15.3xIndustry Avg. 20.5xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EXC is good value based on its Price-To-Earnings Ratio (15.3x) compared to the US Electric Utilities industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is EXC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EXC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: EXC is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EXC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$37.02
US$42.78
+15.6%
5.9%US$47.00US$39.00n/a17
Dec ’25US$39.56
US$42.67
+7.9%
6.1%US$47.00US$39.00n/a17
Nov ’25US$38.15
US$42.90
+12.5%
6.3%US$47.00US$39.00n/a17
Oct ’25US$40.77
US$41.85
+2.6%
5.3%US$46.00US$38.00n/a17
Sep ’25US$38.09
US$41.04
+7.7%
4.4%US$45.00US$38.00n/a16
Aug ’25US$38.26
US$39.66
+3.7%
3.5%US$43.00US$37.00n/a16
Jul ’25US$34.55
US$39.47
+14.2%
3.0%US$42.00US$37.00n/a16
Jun ’25US$37.55
US$39.54
+5.3%
3.2%US$42.00US$37.00n/a16
May ’25US$37.84
US$38.57
+1.9%
3.7%US$41.12US$36.00n/a16
Apr ’25US$37.23
US$38.51
+3.4%
3.8%US$41.12US$36.00n/a16
Mar ’25US$35.49
US$38.32
+8.0%
4.2%US$41.12US$36.00n/a16
Feb ’25US$35.02
US$38.54
+10.0%
4.3%US$41.00US$36.00n/a16
Jan ’25US$35.90
US$40.21
+12.0%
7.2%US$47.00US$36.00n/a17
Dec ’24US$38.99
US$43.26
+11.0%
5.9%US$47.00US$39.00US$39.5617
Nov ’24US$39.53
US$43.68
+10.5%
5.2%US$47.00US$39.00US$38.1517
Oct ’24US$37.79
US$44.44
+17.6%
4.9%US$48.00US$39.00US$40.7717
Sep ’24US$39.99
US$44.74
+11.9%
4.8%US$48.00US$39.00US$38.0917
Aug ’24US$41.47
US$45.10
+8.8%
4.8%US$47.00US$39.00US$38.2616
Jul ’24US$40.74
US$44.98
+10.4%
4.8%US$47.00US$39.00US$34.5516
Jun ’24US$39.48
US$45.84
+16.1%
4.5%US$50.00US$41.00US$37.5515
May ’24US$43.18
US$45.96
+6.4%
4.7%US$50.00US$41.00US$37.8414
Apr ’24US$41.89
US$45.39
+8.4%
3.4%US$47.00US$41.00US$37.2314
Mar ’24US$39.75
US$45.70
+15.0%
4.0%US$49.00US$41.00US$35.4915
Feb ’24US$42.30
US$45.67
+8.0%
4.6%US$49.00US$41.00US$35.0215
Jan ’24US$43.23
US$44.07
+1.9%
7.7%US$49.00US$39.00US$35.9015
Dec ’23US$41.53
US$43.06
+3.7%
5.8%US$47.00US$39.00US$38.9916

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:47
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Exelon Corporation is covered by 40 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
Nathan JudgeAtlantic Equities LLP
Daniel FordBarclays