Public Service Enterprise Group Incorporated — Intrinsic Value & Fair Price

PEG

NYSEUtilitiesRegulated ElectricCIK 0000788784investor.pseg.comAbout PEG

Last close · Oct 16, 202671.49+1.28 (+1.82%)

Market cap$35.6B

Model value · P/E · own history

87.84

Public Service Enterprise Group closed at $71.49 — undervalued by 19% vs model.

72.88the model's range109.37

P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.

Other models

42.00 – 119.10

Wall St. target

82.00 13% below

Below model, 1y

15 of 20 days

Price and model value

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What the marks mean

Daily close

Valuation models

price $71.49 · as of Oct 17, 2026

DCF · Perpetuity growth · 5y27.13 – 274.4477.618% undervalued DCF · Perpetuity growth · 10y35.72 – 300.0189.1020% undervalued DCF · EBITDA exit · 5y60.34 – 177.80114.1137% undervalued DCF · EBITDA exit · 10y61.49 – 197.08119.1040% undervalued P/E · peers77.72 – 86.4179.8911% undervalued P/E · own historyused72.88 – 109.3787.8419% undervalued PEG—42.0070% overvalued EV/Revenue · peers71.47 – 86.1779.0310% undervalued Dividend discount37.12 – 97.0355.6129% overvalued Wall St. consensus target—82.0013% below Cost of capital (WACC)—6.54%—

P/E · own history leads for a regulated utility. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026

Yield, trailing 12 months

3.69%

Past 2 years

low 2.51%high 3.96%

Dividends per share, a year at a time

Dividends / free cash flow, FY2025: 4838.5%
Raised: 14 years in a row
Growth, 5 yrs: 5.5% a year
Last change: +6.3% · Mar 2026

Every payment, with ex-dates · latest $0.67, paid Sep 30, 2026

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How it is valued

Valued asRegulated utility

Low/slowing growth (~4% recent)Moderate margins (17% net margin)Strong dividend yieldHighly cyclical earnings

What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities

P/E

16.9×

EV / EBITDA

12.9×

FCF yield

0.9%

Dividend yield, TTM

3.69%

Beta

0.52

Cost of capital (WACC)

6.54%

Full financials

Superinvestors

13F · Q2 2026

Harry BurnSound Shore Management Inc$78.7M Kahn BrothersKahn Brothers Group Inc$286,007

All 2 holders

Analyst actions

third-party, quoted

10-15Truist Financial · target78.00

09-29Argus Research · target86.00

09-18Morgan Stanley · target88.00

04-15Jefferies · “Hold” from “Buy”downgrade

Ratings, targets and estimates

Recent

filings, insider trades and key news

10-01Form 4 · SLaRossa Ralph A · 2,083 sh@ 67.48 09-16Form 4 · FPark Grace H · 136 sh@ 70.54 09-01Form 4 · SLaRossa Ralph A · 2,083 sh@ 73.46 08-11Form 4 · SThigpen Richard T · 8,000 sh@ 74.56 08-0410-QQuarterly report 08-048-K · 2.02Results of Operations (Earnings)

67 filings · 40 insider transactions

Comparable companies

by business, not by industry label

EDConsolidated Edison EXCExelon ESEversource Energy FEFirstEnergy PPLPPL CEGConstellation Energy

1 more company lists PEG as a comparable

VSTVistra

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One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just PEG. No account.

About Public Service Enterprise Group

Public Service Enterprise Group Incorporated (PSEG) is an energy provider primarily operating through its subsidiaries in the Northeastern and Mid-Atlantic United States. The company's business activities are structured into two primary segments: PSE&G and PSEG Power. The PSE&G division is responsible for transmitting electricity and distributing both electricity and natural gas to residential, commercial, and industrial customers. This segment also commits resources to solar power generation projects and various energy efficiency initiatives, as well as offering appliance service and repair. By December 31, 2021, its substantial infrastructure included 25,000 circuit miles of electric transmission and distribution systems, supported by 862,000 utility poles. It also featured 56 switching stations with a total capacity of 39,353 megavolt-amperes (MVA) and 235 substations with a combined capacity of 9,285 MVA. The electric network was further managed by four main and five sub-electric distribution headquarters. On the gas side, PSE&G maintained 18,000 miles of gas mains, twelve primary and two secondary gas distribution headquarters, a single meter shop, and 58 natural gas metering and regulating stations. Public Service Enterprise Group Incorporated was established in 1985 and is headquartered in Newark, New Jersey.

CEO: Ralph A. LaRossa
Headquarters: Newark, NJ
Employees: 13,189
IPO: 1980-01-02

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.