Using the PEG framework with analyst consensus forward EPS growth of 8.0% plus 4.7% dividend yield, Comcast Corporation has a fair value of $29.41 based on NTM EPS (FY2026) of $3.68. The current PEG ratio is 1.63.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG tends to undervalue slow growers — consider dividend yield and asset value instead.
| EPS Growth RateForward | 0.1% |
| Dividend Yield | +4.7% |
| Adjusted Growth (clamped 8–25%)Clamped | 8.0% |
| Fair P/E | 8.0x |
| NTM EPS (FY2026) | $3.68 |
| Fair Value | $29.41 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $5.39 | — | — |
| FY2026E | $3.68 | -31.8% | 14 |
| FY2027E | $3.97 | +8.0% | 13 |
| FY2028E | $4.36 | +9.9% | 9 |
| FY2029E | $4.65 | +6.6% | 4 |
| FY2030E | $5.42 | +16.6% | 4 |
5Y Forward EPS CAGR: 0.1%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| Year | Net Income | EPS | YoY |
|---|
| FY2021 | $14.2B | $3.04 | — |
| FY2022 | $5.4B | $1.21 | -60.2% |
| FY2023 | $15.4B | $3.71 | +206.6% |
| FY2024 | $16.2B | $4.14 | +11.6% |
| FY2025 | $19.8B | $5.39 | +30.2% |
4Y Historical EPS CAGR: 15.4%