---
title: PPL (PPL) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/ppl
ticker: PPL
as_of: 2026-10-17
sector: Utilities
industry: Regulated Electric
---
# PPL (PPL)

PPL (PPL) closed at $35.17 on Oct 16, 2026, undervalued by 27% vs its model value of $48.07 (from its own five-year median P/E applied to its earnings).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $35.17 (Oct 16, 2026) |
| Model value (from its own five-year median P/E applied to its earnings) | $48.07 |
| Price vs model | undervalued by 27% vs model |
| Range of that model | $42.57 – $51.88 |
| Market value | $26.5B |
| P/E (fiscal 2025) | 22.1 |
| Net margin (fiscal 2025) | 13.1% |
| Free cash flow (fiscal 2025) | -$1.4B |
| Dividend yield (trailing twelve months) | 3.21% |
| Beta | 0.58 |
| Cost of capital (WACC) | 6.38% |
| Business classification | Dividend Payer (Low/slowing growth (~5% recent), Moderate margins (13% net margin), Pays dividends, Highly cyclical earnings, Negative free cash flow) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 3.21% |
| Dividends per share, last 12 months | $1.13 |
| Coverage | — |
| Raised | 3 years in a row |
| Growth over 5 years | -7.4% a year |
| Latest payment | $0.285, ex-date Sep 10, 2026, paid Oct 1, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 9, 2021 | $1.66 |
| To Sep 8, 2022 | $1.07 |
| To Sep 7, 2023 | $0.95 |
| To Sep 10, 2024 | $1.01 |
| To Sep 10, 2025 | $1.08 |
| Trailing twelve months (to Sep 10, 2026) | $1.13 |

## 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 | $32.09 | $8.31 | $93.58 |
| DCF · Perpetuity growth · 10y | cross check | $33.98 | $10.29 | $98.17 |
| DCF · EBITDA exit · 5y | cross check | $69.39 | $37.74 | $106.87 |
| DCF · EBITDA exit · 10y | cross check | $68.80 | $34.98 | $114.66 |
| P/E · peers | cross check | $36.90 | $32.73 | $40.76 |
| P/E · own history | primary | $48.07 | $42.57 | $51.88 |
| PEG | sanity check | $27.07 | $27.07 | $27.07 |
| EV/EBITDA · peers | cross check | $35.70 | $27.60 | $39.04 |
| EV/Revenue · peers | cross check | $47.18 | $40.71 | $48.24 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $18.02 | $13.28 | $30.76 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($189,804.7); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 15, 2026 | Stark Wendy E | EVP & CLO | Open-market sell (10b5-1 plan) | 5,406 | $189,804.7 |
| Oct 1, 2026 | DE LIMA ARMANDO ZAGALO | Director | Grant / award | 1,907.814 | $62,500 |
| Oct 1, 2026 | Williamson Keith H | Director | Grant / award | 1,335.47 | $43,750 |
| Oct 1, 2026 | WOOD PHOEBE A | Director | Grant / award | 1,335.47 | $43,750 |
| Oct 1, 2026 | ROGERSON CRAIG A | Director | Grant / award | 1,335.47 | $43,750 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 27, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/922224/000092222426000048/ppl-20260827.htm |
| Aug 17, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/922224/000092222426000046/ppl-20260814.htm |
| Aug 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/922224/000092222426000044/ppl-20260630.htm |
| Aug 7, 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/922224/000092222426000042/ppl-20260807.htm |
| Jun 30, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/922224/000092222426000040/ppl-20260630.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 1,468,865 | $53.4M |
| John Rogers | 2026-06-30 | 1,349,987 | $49.1M |
| Soros | 2026-06-30 | 607,306 | $22.1M |

3 tracked managers in all.

## About

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.

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Source: https://sweetvaluelab.com/stocks/ppl (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.