Constellation Energy Corporation

NasdaqGS:CEG Stock Report

Market Cap: US$71.0b

Constellation Energy Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: CEG ($228.28) is trading below our estimate of fair value ($404.65)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CEG. This is calculated by dividing CEG's market cap by their current earnings.
What is CEG's PE Ratio?
PE Ratio25x
EarningsUS$2.86b
Market CapUS$71.00b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
DUK Duke Energy
19.4x7.7%US$83.6b
SO Southern
19.3x5.6%US$90.8b
AEP American Electric Power Company
18.7x8.9%US$49.4b
PCG PG&E
15.6x10.1%US$42.4b
CEG Constellation Energy
25x3.0%US$71.0b

Price-To-Earnings vs Peers: CEG is expensive based on its Price-To-Earnings Ratio (25x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does CEG'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
CEG 25.0xIndustry Avg. 20.5xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CEG is expensive based on its Price-To-Earnings Ratio (25x) compared to the US Electric Utilities industry average (20.5x).

Price to Earnings Ratio vs Fair Ratio

What is CEG'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.

CEG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: CEG is good value based on its Price-To-Earnings Ratio (25x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).

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 CEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$228.28
US$279.12
+22.3%
12.6%US$342.00US$226.32n/a17
Dec ’25US$256.56
US$279.02
+8.8%
12.5%US$342.00US$226.32n/a16
Nov ’25US$258.10
US$282.44
+9.4%
12.0%US$342.00US$205.12n/a17
Oct ’25US$265.61
US$264.23
-0.5%
11.7%US$313.00US$205.12n/a15
Sep ’25US$196.70
US$225.76
+14.8%
7.2%US$250.00US$189.00n/a14
Aug ’25US$177.57
US$232.66
+31.0%
5.1%US$250.00US$217.00n/a13
Jul ’25US$205.05
US$234.66
+14.4%
4.9%US$250.00US$217.00n/a13
Jun ’25US$217.25
US$233.12
+7.3%
4.7%US$250.00US$217.00n/a12
May ’25US$184.56
US$183.09
-0.8%
21.0%US$227.00US$116.00n/a11
Apr ’25US$185.98
US$171.73
-7.7%
18.3%US$201.00US$116.00n/a11
Mar ’25US$169.99
US$155.00
-8.8%
17.0%US$190.00US$116.00n/a11
Feb ’25US$127.63
US$130.50
+2.2%
8.5%US$151.00US$116.00n/a10
Jan ’25US$116.89
US$129.40
+10.7%
8.0%US$151.00US$116.00n/a10
Dec ’24US$119.88
US$129.60
+8.1%
8.0%US$151.00US$116.00US$256.5610
Nov ’24US$114.85
US$117.18
+2.0%
5.6%US$127.00US$105.00US$258.1011
Oct ’24US$109.08
US$110.91
+1.7%
7.2%US$125.00US$97.00US$265.6111
Sep ’24US$107.29
US$109.36
+1.9%
7.0%US$125.00US$97.00US$196.7011
Aug ’24US$96.30
US$102.09
+6.0%
8.6%US$120.00US$90.00US$177.5711
Jul ’24US$91.55
US$100.00
+9.2%
8.5%US$120.00US$90.00US$205.0511
Jun ’24US$88.88
US$99.73
+12.2%
7.1%US$115.00US$91.00US$217.2511
May ’24US$77.05
US$97.58
+26.6%
8.7%US$115.00US$81.00US$184.5612
Apr ’24US$78.50
US$99.17
+26.3%
8.1%US$115.00US$88.00US$185.9812
Mar ’24US$74.35
US$97.77
+31.5%
8.9%US$115.00US$83.00US$169.9913
Feb ’24US$85.41
US$99.92
+17.0%
7.0%US$115.00US$91.00US$127.6313
Jan ’24US$86.21
US$101.31
+17.5%
7.9%US$121.00US$88.00US$116.8913
Dec ’23US$94.47
US$97.86
+3.6%
14.6%US$121.00US$54.00US$119.8814

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 22:39
End of Day Share Price 2024/12/23 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

Constellation Energy Corporation is covered by 28 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas CampanellaBarclays
Eric BeaumontBarclays
James ThalackerBMO Capital Markets Equity Research