Using the PEG framework with analyst consensus forward EPS growth of 13.0% plus 3.3% dividend yield, Evergy, Inc. has a fair value of $55.42 based on NTM EPS (FY2026) of $4.25. The current PEG ratio is 1.45.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG works well for steady growers with predictable earnings.
| EPS Growth RateForward | 9.7% |
| Dividend Yield | +3.3% |
| Adjusted Growth (clamped 8–25%) | 13.0% |
| Fair P/E | 13.0x |
| NTM EPS (FY2026) | $4.25 |
| Fair Value | $55.42 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $3.66 | — | — |
| FY2026E | $4.25 | +16.1% | 6 |
| FY2027E | $4.55 | +7.1% | 6 |
| FY2028E | $4.91 | +7.9% | 8 |
| FY2029E | $5.39 | +9.6% | 7 |
| FY2030E | $5.82 | +8.1% | 7 |
5Y Forward EPS CAGR: 9.7%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $879.7M | $3.83 | — |
| FY2022 | $752.7M | $3.27 | -14.6% |
| FY2023 | $731.3M | $3.17 | -3.1% |
| FY2024 | $873.5M | $3.79 | +19.6% |
| FY2025 | $855.6M | $3.66 | -3.4% |
4Y Historical EPS CAGR: -1.1%
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.