PPL Corporation — Intrinsic Value & Fair Price

PPL

NYSEUtilitiesRegulated ElectricCIK 0000922224pplweb.comAbout PPL

Last close · Oct 16, 202635.17+0.69 (+2.00%)

Market cap$26.5B

Model value · P/E · own history

48.07

PPL closed at $35.17 — undervalued by 27% vs model.

42.57the model's range51.88

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

Other models

18.02 – 69.39

Wall St. target

39.00 10% below

Below model, 1y

8 of 20 days

Price and model value

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What the marks mean

Daily close

Valuation models

price $35.17 · as of Oct 17, 2026

DCF · Perpetuity growth · 5y8.31 – 93.5832.0910% overvalued DCF · Perpetuity growth · 10y10.29 – 98.1733.983% overvalued DCF · EBITDA exit · 5y37.74 – 106.8769.3949% undervalued DCF · EBITDA exit · 10y34.98 – 114.6668.8049% undervalued P/E · peers32.73 – 40.7636.905% undervalued P/E · own historyused42.57 – 51.8848.0727% undervalued PEG—27.0730% overvalued EV/EBITDA · peers27.60 – 39.0435.701% undervalued EV/Revenue · peers40.71 – 48.2447.1825% undervalued Dividend discount13.28 – 30.7618.0295% overvalued Wall St. consensus target—39.0010% below Cost of capital (WACC)—6.38%—

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

3.21%

Past 2 years

low 2.77%high 3.52%

Dividends per share, a year at a time

Coverage: —
Raised: 3 years in a row
Growth, 5 yrs: -7.4% a year
Last change: +4.6% · Mar 2026

Every payment, with ex-dates · latest $0.285, paid Oct 1, 2026

Research on PPL

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How it is valued

Valued asRegulated utility

Low/slowing growth (~5% recent)Moderate margins (13% net margin)Pays dividendsHighly cyclical earningsNegative free cash flow

What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities

P/E

22.1×

EV / EBITDA

11.9×

FCF yield

-5.4%

Dividend yield, TTM

3.21%

Beta

0.58

Cost of capital (WACC)

6.38%

Full financials

Superinvestors

13F · Q2 2026

BridgewaterBridgewater Associates, LP$53.4M John RogersAriel Investments, LLC$49.1M SorosSoros Fund Management LLC$22.1M

All 3 holders

Analyst actions

third-party, quoted

10-12Barclays · target38.00

09-29Scotiabank · target36.00

09-28Wells Fargo · target44.00

02-24Barclays · “Overweight” from “Equal Weight”upgrade

Ratings, targets and estimates

Recent

filings, insider trades and key news

10-15Form 4 · SStark Wendy E · 5,406 sh@ 35.11 10-01Form 4 · ADE LIMA ARMANDO ZAGALO · 1,908 sh@ 32.76 10-01Form 4 · AWilliamson Keith H · 1,335 sh@ 32.76 10-01Form 4 · AWOOD PHOEBE A · 1,335 sh@ 32.76 10-01Form 4 · AROGERSON CRAIG A · 1,335 sh@ 32.76 08-278-K · 8.01Other Events

84 filings · 40 insider transactions

Comparable companies

by business, not by industry label

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The weekly

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

About PPL

PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island; sale of wholesale electricity in Kentucky; and generation of electricity from power plants in Kentucky. It generates electricity from coal, gas, hydro, and solar sources. The company was formerly known as PP&L Resources, Inc. and changed its name to PPL Corporation in 2000. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

CEO: Vincent Sorgi
Headquarters: Allentown, PA
Employees: 6,546
IPO: 1980-03-17

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.