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Sempra — Intrinsic Value & Fair Price

SRE
NYSEUtilitiesDiversified UtilitiesCIK 0001032208sempra.comAbout SRE
Last close · Oct 16, 202683.41+1.48 (+1.81%)
Market cap$54.5B
Model value · P/E · own history
85.67
Sempra closed at $83.41 — undervalued by 3% vs model.
67.76the model's range132.88

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

Other models
48.28 – 139.88
Wall St. target
94.00 11% below
Below model, 1y
7 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
3.14%
Past 2 years
low 2.59%high 3.93%
Dividends per share, a year at a time
$2.17Sep ’21$2.27Sep ’22$2.36Sep ’23$2.46Sep ’24$2.56Oct ’25$2.62TTM
Coverage
—
Raised
15 years in a row
Growth, 5 yrs
3.8% a year
Last change
+1.9% · Mar 2026
Every payment, with ex-dates · latest $0.6575, paid Oct 15, 2026

Research on SRE

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How it is valued

Valued asRegulated utility
Revenue declining (~-9% recent)Moderate margins (15% 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
30.3×
EV / EBITDA
14.4×
FCF yield
-11.1%
Dividend yield, TTM
3.14%
Beta
0.56
Cost of capital (WACC)
6.09%
Full financials

Analyst actions

third-party, quoted
10-14Truist Financial · target94.00
10-12Barclays · target90.00
09-29Scotiabank · target83.00
09-01Jefferies · “Buy” from “Hold”upgrade
Ratings, targets and estimates

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 SRE. No account.

About Sempra

Sempra, an energy holding company founded in 1998 and headquartered in San Diego, California, conducts its operations both domestically and internationally. The firm adopted its current name in July 2021, having previously been known as Sempra Energy. Through its San Diego Gas & Electric Company division, Sempra delivers electricity to approximately 3.6 million individuals and natural gas to roughly 3.3 million individuals across a 4,100 square mile service area. The Southern California Gas Company segment manages an extensive natural gas network, encompassing distribution, transmission, and storage infrastructure, which supplies gas to an estimated 22 million people within a 24,000 square mile territory. Furthermore, Sempra's Texas Utilities division specializes in the regulated transmission and distribution of electrical power, serving 3.8 million residential and commercial customers. This segment oversees 140,000 miles of transmission and distribution lines, including 18,249 circuit miles of transmission lines and 1,174 transmission and distribution substations. It also features interconnections to 130 third-party power generation facilities with a combined capacity of 45,403 megawatts.

CEO
Jeffrey Walker Martin
Headquarters
San Diego, CA
Employees
15,938
IPO
1998-06-29
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.