ED

NYSE

CONSOLIDATED EDISON INC

Utilities, Multi-Utilities

$107.98

close 7 Aug 2026

+3.71%

52-week change

$39.79B

market cap

$94.96

$116.23

52-week range

Expected price

$102.10 – $124.79

Current price

$107.98

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)18.21x

P/S (TTM)2.31x

P/B1.55x

EV/EBITDA (TTM)7.62x

FCF yield (TTM)-1.62%

PEG (TTM, GAAP)2.77

Context

P/E, own 5-year average18.67x

P/E, sector median21.33x*

Price at 5-year median P/E$112.37*

Indicated dividend yield3.29%

Forward — analyst consensus

Forward P/E (FY2026)17.69x*

Forward P/E (FY2027)16.63x

Forward PEG2.79*

Consensus EPS FY2026 (14 analysts)$6.11

EPS growth (FY2026→FY2027)6.34%

Revenue growth (FY2026)3.46%

Street view

Price target (mean)$111.50*

Target upside3.26%

Ratings (buy / hold / sell)2 / 10 / 7

FY2026 EPS revisions, 30d (up / down)3 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 7 May 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

10Y CAGR -35.26%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$107.98

Cash & equivalents$147.00M

Total debt$869.00M

Shares outstanding368.53M

Result

DCF price per share-$8.32

Current price$107.98

Margin of safety-107.71%

PV of years 1–10-$1.75B

PV of terminal value-$596.91M

Equity value-$3.07B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$515.20M	-$412.16M	-$329.73M	-$263.78M	-$211.03M	-$168.82M	-$135.06M	-$108.05M	-$86.44M	-$69.15M	-$1.29B
PV	-$477.04M	-$353.36M	-$261.75M	-$193.89M	-$143.62M	-$106.39M	-$78.80M	-$58.37M	-$43.24M	-$32.03M	-$596.91M

period to 31 Mar 2026, filed 7 May 2026, close 7 Aug 2026