Using the PEG framework with analyst consensus forward EPS growth of 20.6% plus 0.9% dividend yield, EQT Corporation has a fair value of $98.96 based on NTM EPS (FY2026) of $4.80. The current PEG ratio is 0.68.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is most informative for high-growth companies — the PEG sweet spot.
| EPS Growth RateForward | 19.7% |
| Dividend Yield | +0.9% |
| Adjusted Growth (clamped 8–25%) | 20.6% |
| Fair P/E | 20.6x |
| NTM EPS (FY2026) | $4.80 |
| Fair Value | $98.96 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $3.31 | — | — |
| FY2026E | $4.80 | +45.0% | 7 |
| FY2027E | $4.83 | +0.6% | 8 |
| FY2028E | $5.67 | +17.5% | 5 |
3Y Forward EPS CAGR: 19.7%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $-1.1B | $-3.57 | — |
| FY2022 | $1.8B | $4.38 | — |
| FY2023 | $1.7B | $4.20 | -4.1% |
| FY2024 | $230.6M | $0.41 | -90.2% |
| FY2025 | $2.0B | $3.31 | +707.3% |
4Y Historical EPS CAGR: 204.3%
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.