Consolidated Edison, Inc.

WBAG:ED Stock Report

Market Cap: €32.7b

Consolidated Edison Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 ED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ED (€94.78) is trading below our estimate of fair value (€102.22)

Significantly Below Fair Value: ED is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ED. This is calculated by dividing ED's market cap by their current earnings.
What is ED's PE Ratio?
PE Ratio18.5x
EarningsUS$1.84b
Market CapUS$34.07b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
VER VERBUND
15.7x-11.9%€26.3b
BHD Burgenland Holding
18.4xn/a€210.0m
WEC WEC Energy Group
24.6x11.4%US$31.8b
EOAN E.ON
17.5x8.9%€31.4b
ED Consolidated Edison
18.5x7.9%€34.1b

Price-To-Earnings vs Peers: ED is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (19.1x).

Price to Earnings Ratio vs Industry

How does ED's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ED 18.5xIndustry Avg. 17.5xNo. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ED is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the Global Integrated Utilities industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is ED'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.

ED PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: ED is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

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 ED forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€94.78
€95.85
+1.1%
8.0%€111.39€81.63n/a16
Nov ’25€93.10
€92.30
-0.9%
8.1%€107.14€81.28n/a16
Oct ’25€95.28
€87.45
-8.2%
6.9%€97.94€78.17n/a15
Sep ’25€91.44
€86.37
-5.5%
7.2%€97.39€73.27n/a15
Aug ’25€91.12
€85.13
-6.6%
7.0%€95.04€69.20n/a15
Jul ’25€82.82
€86.04
+3.9%
7.0%€96.33€71.08n/a14
Jun ’25€87.30
€84.97
-2.7%
6.3%€94.83€73.66n/a14
May ’25€87.64
€84.51
-3.6%
7.1%€96.34€68.28n/a14
Apr ’25€83.70
€82.99
-0.8%
7.0%€94.61€67.05n/a14
Mar ’25€79.80
€83.24
+4.3%
7.0%€95.18€67.46n/a14
Feb ’25€84.40
€84.05
-0.4%
6.6%€95.10€69.25n/a15
Jan ’25€82.00
€81.22
-0.9%
8.5%€93.72€66.42n/a15
Dec ’24€83.50
€81.18
-2.8%
8.8%€93.87€66.53n/a15
Nov ’24€84.40
€82.45
-2.3%
9.0%€97.02€66.87€93.1015
Oct ’24€81.20
€82.66
+1.8%
8.3%€96.75€70.45€95.2815
Sep ’24€82.00
€81.80
-0.2%
8.6%€94.81€67.20€91.4415
Aug ’24€85.90
€81.94
-4.6%
9.9%€93.11€66.90€91.1214
Jul ’24€82.10
€81.67
-0.5%
10.6%€94.37€64.13€82.8214
Jun ’24€85.90
€84.79
-1.3%
10.5%€96.38€65.50€87.3013
May ’24€89.40
€81.26
-9.1%
9.7%€93.47€63.53€87.6413
Apr ’24€87.68
€81.86
-6.6%
10.8%€95.73€65.06€83.7013
Mar ’24€81.88
€83.77
+2.3%
9.1%€97.10€65.99€79.8014
Feb ’24€87.52
€82.46
-5.8%
10.5%€91.99€64.39€84.4014
Jan ’24€90.47
€79.78
-11.8%
12.2%€97.17€64.15€82.0014
Dec ’23€93.69
€79.73
-14.9%
10.6%€92.14€65.27€83.5015
Nov ’23€88.13
€81.89
-7.1%
9.7%€92.33€68.24€84.4015

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

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