CEG
Constellation Energy
$267.83
▲ 2.6%Updated Today 11:30 AM ET
CEG at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 71/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▼ Down 10.6% over the last 12 months
Market Cap
$85.92B
P/E
24.98x
Forward P/E (est.)
20.57x
ROE
20.0%
Revenue Growth
23.4%
EPS Growth
21.4%
Profit Margin
12.7%
FCF Yield
4.3%
Debt / Equity
0.62x
ROIC
6.0%
Interest Coverage
7.16x
Current Ratio
1.36x
Dividend Yield
0.7%
Implied Growth (rev. DCF)
7.4%
Rating Score
71/100
Constellation Energy (CEG) is a large-cap company in the Electric Utilities industry, part of the Utilities sector of the S&P 500, with a market value around $85.92B.
In its latest reported year it generated about $25.53B in revenue and $2.32B in net profit.
Our model rates CEG Favorable (71/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (6 years of history).
The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
12.3% average over the last 3 years
±6.9 pts around 6.5% across 6 years
grew in 4 of the last 5 year-over-year periods
positive in 1 of 6 years
6.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what CEG's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. CEG trades near $267.83, below its 50-day average ($278.83) and 200-day average ($316.88). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 45 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. CEG's is $10.42 (~3.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month CEG found buyers near $228.63 (support) and sellers near $282.77 (resistance); its 52-week range is $228.63–$412.70. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
6.8%
Revenue moved from $17.60B in 2020 to $25.53B in 2025, a 7.7% compound annual growth rate. The most recent year grew a strong 23.4% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
44.3%
Operating Margin
12.1%
Net Margin
9.1%
ROE
20.0%
Constellation Energy keeps about 12.7% of each sales dollar as net profit, with a 44.3% gross margin and 12.1% operating margin. Return on equity is 20.0% and return on invested capital about 6.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$7.40B
Net Debt
$6.60B
Net Debt / EBITDA
2.14x
Debt / Equity
0.62x
Leverage: debt-to-equity is 0.6x, and operating profit covers interest about 7.2x, with a current ratio of 1.4x. That is a moderate, manageable debt load for most businesses. It carries roughly $7.40B of total debt against $800.00M of cash.
Operating CF
$4.24B
Free Cash Flow
$1.29B
FCF Margin
5.0%
In the latest year Constellation Energy produced about $4.24B of operating cash flow and $1.29B of free cash flow after capital spending. That is a free-cash-flow yield of about 4.3% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
0.7%
Per share (latest FY)
$0.39
Total paid (latest FY)
$486.00M
History on record
4 years
dividend uses 38% of free cash flow
21% of net income paid out
total dividends increased 3 years in a row
no cuts in the last 4 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
24.98x
P/S
3.71x
P/B
7.59x
EV / EBITDA
—
CEG trades at 25.0x trailing earnings (about 20.6x on estimated forward earnings), 3.7x sales, and 7.6x book value. Reverse-engineering today's price implies the market expects roughly 7.4% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$147.67
Current price
$267.83
Starting FCF (latest 10-K)
$1.29B
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where CEG sits versus its Utilities sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 38 Utilities companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How CEG stacks up against its Utilities peers — valuation, profitability, and growth versus the sector median.
In the Utilities sector (47 S&P 500 companies), CEG ranks #1 of 47 by our overall rating. It trades at a premium versus the sector on earnings (25x P/E vs. 21.3x median) with a higher return on equity (20.0% vs. 10.3%) and faster revenue growth (23.4% vs. 8.8%).
P/E vs sector
25x
median 21.3x
ROE vs sector
20.0%
median 10.3%
Growth vs sector
23.4%
median 8.8%
Sector rank
#1
of 47 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Utilities companies by sub-industry and size. Sector median is across all 47 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $267.83 today · expected CAGR 2% – 13%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $31.41B | $38.63B | $47.51B | $58.44B | $71.88B |
| Net income | $2.83B | $3.48B | $4.28B | $5.26B | $6.47B |
| EPS | $8.81 | $10.84 | $13.33 | $16.40 | $20.17 |
| Share price (low) | $132.17 | $162.57 | $199.96 | $245.95 | $302.52 |
| Share price (high) | $220.28 | $270.95 | $333.26 | $409.92 | $504.20 |
| CAGR (low–high) | -51% / -18% | -22% / 1% | -9% / 8% | -2% / 11% | 2% / 13% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for CEG:
- Revenue is growing 23.4% a year, a sign of real demand.
- Strong return on equity (20.0%) shows capital is put to work well.
- Healthy free-cash-flow yield (~4.3%) funds buybacks and dividends.
- Our model's overall read is Favorable (71/100).
The case against CEG:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Constellation Energy is a large-cap utilities business still growing nicely, with solid profitability, and a sound balance sheet. It trades at 25.0x earnings, which our model scores Favorable (71/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 29 Wall Street analysts covering CEG recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
CEG's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
CEG — frequently asked questions
Is CEG a good stock to buy?
We don't give buy or sell advice. Our model rates Constellation Energy Favorable (71/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is CEG's rating on The Stocks School?
Constellation Energy currently scores 71/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does CEG's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Constellation Energy's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for CEG calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this CEG analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell CEG. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.