PPL

NYSE

PPL Corp

Utilities, Electric Utilities

$35.46

close 7 Aug 2026

-2.26%

52-week change

$26.67B

market cap

$33.17

$40.11

52-week range

Expected price

$38.90 – $47.54

Current price

$35.46

Signal

Could be undervalued

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)22.03x

P/S (TTM)2.86x

P/B1.78x

EV/EBITDA (TTM)12.85x

FCF yield (TTM)-6.08%

PEG (TTM, GAAP)1.38

Context

P/E, own 5-year average36.00x

P/E, sector median21.33x*

Price at 5-year median P/E$43.40*

Indicated dividend yield3.21%

Forward — analyst consensus

Forward P/E (FY2026)18.19x*

Forward P/E (FY2027)16.75x

Forward PEG2.12*

Consensus EPS FY2026 (15 analysts)$1.95

EPS growth (FY2026→FY2027)8.60%

Revenue growth (FY2026)7.38%

Street view

Price target (mean)$41.60*

Target upside17.32%

Ratings (buy / hold / sell)12 / 4 / 0

FY2026 EPS revisions, 30d (up / down)0 / 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 8 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

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$35.46

Cash & equivalents$1.24B

Total debt$20.02B

Shares outstanding752.18M

Result

DCF price per share-$73.81

Current price$35.46

Margin of safety-308.16%

PV of years 1–10-$13.94B

PV of terminal value-$22.81B

Equity value-$55.52B

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	-$1.70B	-$1.79B	-$1.88B	-$1.97B	-$2.07B	-$2.17B	-$2.28B	-$2.40B	-$2.52B	-$2.64B	-$49.24B
PV	-$1.58B	-$1.53B	-$1.49B	-$1.45B	-$1.41B	-$1.37B	-$1.33B	-$1.29B	-$1.26B	-$1.22B	-$22.81B

period to 31 Mar 2026, filed 8 May 2026, close 7 Aug 2026