XEL

Nasdaq

XCEL ENERGY INC

Utilities, Multi-Utilities

$78.07

close 7 Aug 2026

+7.42%

52-week change

$48.75B

market cap

$69.16

$84.23

52-week range

Expected price

$70.38 – $86.02

Current price

$78.07

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)21.39x

P/S (TTM)3.34x

P/B2.03x

EV/EBITDA (TTM)14.60x

FCF yield (TTM)-15.78%

PEG (TTM, GAAP)8.35

Context

P/E, own 5-year average21.23x

P/E, sector median21.33x*

Price at 5-year median P/E$77.65*

Indicated dividend yield3.04%

Forward — analyst consensus

Forward P/E (FY2026)18.97x*

Forward P/E (FY2027)17.20x

Forward PEG1.85*

Consensus EPS FY2026 (17 analysts)$4.12

EPS growth (FY2026→FY2027)10.28%

Revenue growth (FY2026)7.40%

Street view

Price target (mean)$92.67*

Target upside18.70%

Ratings (buy / hold / sell)17 / 1 / 1

FY2026 EPS revisions, 30d (up / down)3 / 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 30 Jun 2026, filed 30 Jul 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$78.07

Cash & equivalents$2.01B

Total debt$36.95B

Shares outstanding624.41M

Result

DCF price per share-$335.02

Current price$78.07

Margin of safety-529.13%

PV of years 1–10-$66.10B

PV of terminal value-$108.16B

Equity value-$209.19B

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	-$8.08B	-$8.48B	-$8.90B	-$9.35B	-$9.82B	-$10.31B	-$10.82B	-$11.36B	-$11.93B	-$12.53B	-$233.50B
PV	-$7.48B	-$7.27B	-$7.07B	-$6.87B	-$6.68B	-$6.50B	-$6.32B	-$6.14B	-$5.97B	-$5.80B	-$108.16B

period to 30 Jun 2026, filed 30 Jul 2026, close 7 Aug 2026