Using the industry peer median P/E multiple (trailing + forward), Exelon Corporation (EXC) has a fair value of $58.41 based on 10 comparable companies in the Regulated Electric industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Exelon CorporationEXC | 48,905 | 17.6x | 17.0x |
| NextEra Energy, Inc.NEE | 189,392 | 27.6x | 22.6x |
| The Southern CompanySO | 106,555 | 24.3x | 20.9x |
| Duke Energy CorporationDUK | 100,638 | 20.5x | 19.3x |
| American Electric Power Company, Inc.AEP | 69,685 | 19.3x | 20.3x |
| Dominion Energy, Inc.D | 53,597 | 17.7x | 17.0x |
| 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 |
| WEC Energy Group, Inc.WEC | 37,111 | 23.6x | 20.4x |
| FirstEnergy Corp.FE | 28,954 | 28.5x | 18.4x |
| Industry Median | 22.1x | 19.8x | |
| (*) Profit after tax | 2,768 | 2,885 | |
| Equity Value | 61,050 | 57,182 | |
| (/) Outstanding shares | 1,012 | 1,012 | |
| Fair Price | $60 | $57 | |
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.