Using the PEG framework with analyst consensus forward EPS growth of 9.3% plus 3.3% dividend yield, Exelon Corporation has a fair value of $26.56 based on NTM EPS (FY2026) of $2.85. The current PEG ratio is 1.82.
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 | 6.0% |
| Dividend Yield | +3.3% |
| Adjusted Growth (clamped 8–25%) | 9.3% |
| Fair P/E | 9.3x |
| NTM EPS (FY2026) | $2.85 |
| Fair Value | $26.56 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $2.74 | — | — |
| FY2026E | $2.85 | +4.0% | 11 |
| FY2027E | $3.04 | +6.6% | 10 |
| FY2028E | $3.25 | +7.0% | 12 |
| FY2029E | $3.46 | +6.4% | 11 |
| FY2030E | $3.67 | +6.1% | 6 |
5Y Forward EPS CAGR: 6.0%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $1.7B | $1.74 | — |
| FY2022 | $2.2B | $2.08 | +19.5% |
| FY2023 | $2.3B | $2.34 | +12.5% |
| FY2024 | $2.5B | $2.45 | +4.7% |
| FY2025 | $2.8B | $2.74 | +11.8% |
4Y Historical EPS CAGR: 12.0%
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.