Using the PEG framework with analyst consensus forward EPS growth of 11.3%, Xcel Energy Inc. has a fair value of $46.46 based on NTM EPS (FY2026) of $4.12. The current PEG ratio is 1.68.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG works well for steady growers with predictable earnings.
| EPS Growth RateForward | 11.3% |
| Adjusted Growth (clamped 8–25%) | 11.3% |
| Fair P/E | 11.3x |
| NTM EPS (FY2026) | $4.12 |
| Fair Value | $46.46 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $3.42 | — | — |
| FY2026E | $4.12 | +20.4% | 10 |
| FY2027E | $4.53 | +10.0% | 10 |
| FY2028E | $4.96 | +9.5% | 10 |
| FY2029E | $5.43 | +9.5% | 5 |
| FY2030E | $5.84 | +7.4% | 5 |
5Y Forward EPS CAGR: 11.3%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $1.6B | $2.96 | — |
| FY2022 | $1.7B | $3.17 | +7.1% |
| FY2023 | $1.8B | $3.21 | +1.3% |
| FY2024 | $1.9B | $3.44 | +7.2% |
| FY2025 | $2.0B | $3.42 | -0.6% |
4Y Historical EPS CAGR: 3.7%
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.