---
title: Public Service Enterprise Group (PEG) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/peg
ticker: PEG
as_of: 2026-10-17
sector: Utilities
industry: Regulated Electric
---
# Public Service Enterprise Group (PEG)

Public Service Enterprise Group (PEG) closed at $71.49 on Oct 16, 2026, undervalued by 19% vs its model value of $87.84 (from its own five-year median P/E applied to its earnings).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $71.49 (Oct 16, 2026) |
| Model value (from its own five-year median P/E applied to its earnings) | $87.84 |
| Price vs model | undervalued by 19% vs model |
| Range of that model | $72.88 – $109.37 |
| Market value | $35.6B |
| P/E (fiscal 2025) | 16.9 |
| Net margin (fiscal 2025) | 17.3% |
| Free cash flow (fiscal 2025) | $26.0M |
| Dividend yield (trailing twelve months) | 3.69% |
| Beta | 0.52 |
| Cost of capital (WACC) | 6.54% |
| Business classification | Dividend Payer (Low/slowing growth (~4% recent), Moderate margins (17% net margin), Strong dividend yield, Highly cyclical earnings) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 3.69% |
| Dividends per share, last 12 months | $2.64 |
| Dividends / free cash flow (fiscal 2025) | 4838.5% |
| Raised | 14 years in a row |
| Growth over 5 years | 5.5% a year |
| Latest payment | $0.67, ex-date Sep 9, 2026, paid Sep 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 7, 2021 | $2.02 |
| To Sep 8, 2022 | $2.13 |
| To Sep 7, 2023 | $2.25 |
| To Sep 9, 2024 | $2.37 |
| To Sep 9, 2025 | $2.49 |
| Trailing twelve months (to Sep 9, 2026) | $2.64 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | cross check | $77.61 | $27.13 | $274.44 |
| DCF · Perpetuity growth · 10y | cross check | $89.10 | $35.72 | $300.01 |
| DCF · EBITDA exit · 5y | cross check | $114.11 | $60.34 | $177.80 |
| DCF · EBITDA exit · 10y | cross check | $119.10 | $61.49 | $197.08 |
| P/E · peers | cross check | $79.89 | $77.72 | $86.41 |
| P/E · own history | primary | $87.84 | $72.88 | $109.37 |
| PEG | sanity check | $42.00 | $42.00 | $42.00 |
| EV/EBITDA · peers | cross check | $0.00 | $0.00 | $0.00 |
| EV/Revenue · peers | cross check | $79.03 | $71.47 | $86.17 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $55.61 | $37.12 | $97.03 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 4 open-market sales ($1.0M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | LaRossa Ralph A | Chair, President and CEO | Open-market sell (10b5-1 plan) | 2,083 | $140,570.8 |
| Sep 16, 2026 | Park Grace H | EVP and General Counsel | Tax withholding | 136 | $9,593.4 |
| Sep 1, 2026 | LaRossa Ralph A | Chair, President and CEO | Open-market sell (10b5-1 plan) | 2,083 | $153,009.7 |
| Aug 11, 2026 | Thigpen Richard T | SVP Corporate Citizenship | Open-market sell | 8,000 | $596,480 |
| Aug 3, 2026 | LaRossa Ralph A | Chair, President and CEO | Open-market sell (10b5-1 plan) | 2,083 | $159,290.3 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/788784/000119312526332943/peg-20260630.htm |
| Aug 4, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/788784/000119312526331660/d101695d8k.htm |
| Jul 24, 2026 | S-8 | Employee stock plan registration | https://www.sec.gov/Archives/edgar/data/788784/000119312526316121/d107357ds8.htm |
| Jul 1, 2026 | 8-K | 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/788784/000119312526292587/d913061d8k.htm |
| Jun 3, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/788784/000119312526255562/d38824d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Harry Burn | 2026-06-30 | 969,513 | $78.7M |
| Kahn Brothers | 2026-06-30 | 3,524 | $286,007 |

2 tracked managers in all.

## About

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…

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Source: https://sweetvaluelab.com/stocks/peg (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.