Using the industry peer median P/E multiple (trailing + forward), Dominion Energy, Inc. (D) has a fair value of $68.11 based on 9 comparable companies in the Regulated Electric industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Dominion Energy, Inc.D | 52,173 | 17.7x | 17.0x |
| American Electric Power Company, Inc.AEP | 69,685 | 19.3x | 20.3x |
| SempraSRE | 62,425 | 34.7x | 18.7x |
| Exelon CorporationEXC | 49,400 | 17.6x | 16.9x |
| Xcel Energy Inc.XEL | 48,600 | 22.8x | 18.9x |
| Entergy CorporationETR | 46,513 | 26.3x | 23.4x |
| Consolidated Edison, Inc.ED | 40,274 | 19.8x | 18.3x |
| Public Service Enterprise Group IncorporatedPEG | 40,257 | 19.2x | 18.4x |
| PG&E CorporationPCG | 38,069 | 14.7x | 10.5x |
| WEC Energy Group, Inc.WEC | 37,111 | 23.6x | 20.4x |
| Industry Median | 19.8x | 18.7x | |
| (*) Profit after tax | 2,998 | 3,065 | |
| Equity Value | 59,253 | 57,250 | |
| (/) Outstanding shares | 855 | 855 | |
| Fair Price | $69 | $67 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.