SO

NYSE

SOUTHERN CO

Utilities, Electric Utilities

$92.69

close 7 Aug 2026

-1.99%

52-week change

$104.49B

market cap

$83.80

$100.84

52-week range

Expected price

$80.26 – $98.10

Current price

$92.69

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)23.71x

P/S (TTM)3.46x

P/B2.62x

EV/EBITDA (TTM)13.07x

FCF yield (TTM)-3.32%

PEG (TTM, GAAP)3.74

Context

P/E, own 5-year average23.51x

P/E, sector median21.33x*

Price at 5-year median P/E$88.98*

Indicated dividend yield3.28%

Forward — analyst consensus

Forward P/E (FY2026)20.22x*

Forward P/E (FY2027)18.82x

Forward PEG2.72*

Consensus EPS FY2026 (22 analysts)$4.58

EPS growth (FY2026→FY2027)7.44%

Revenue growth (FY2026)5.01%

Street view

Price target (mean)$100.93*

Target upside8.88%

Ratings (buy / hold / sell)7 / 14 / 3

FY2026 EPS revisions, 30d (up / down)2 / 0

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 30 Apr 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$92.69

Cash & equivalents$981.00M

Total debt$72.85B

Shares outstanding1.13B

Result

DCF price per share-$133.40

Current price$92.69

Margin of safety-243.92%

PV of years 1–10-$29.78B

PV of terminal value-$48.74B

Equity value-$150.39B

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	-$3.64B	-$3.82B	-$4.01B	-$4.21B	-$4.42B	-$4.64B	-$4.88B	-$5.12B	-$5.38B	-$5.65B	-$105.22B
PV	-$3.37B	-$3.28B	-$3.19B	-$3.10B	-$3.01B	-$2.93B	-$2.85B	-$2.77B	-$2.69B	-$2.62B	-$48.74B

period to 31 Mar 2026, filed 30 Apr 2026, close 7 Aug 2026