Constellation Energy Corporation (CEG)

NASDAQ: CEG · USD

$258

-1.01 (-0.4%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-05-20

Our latest published analysis: CEG rated Sell

Constellation Energy Corporation's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$198 / share

Potential value

$252 / share

Upside to FV

-24.2%

from $258

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$94.2B
Revenue (ttm)	31.3B
Net income (ttm)	3.5B
EPS (ttm)	$10.3
Shares out	354.3M
P/E (trailing)	25.0x
P/E (forward)	19.2x
Dividend	$1.71 (0.66%)
Volume	1,967,496
Beta	1.13

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 31.3B
Net income (ttm): 3.5B
EPS (ttm): $10.3
P/E (trailing): 25.0x
P/E (forward): 19.2x
Market cap: $94.2B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$19.65B	$24.44B	$24.92B	$23.57B	$25.53B	+6.8%
Gross profit	$2.93B	$2.14B	$3.23B	$5.99B	$4.69B	+12.5%
Operating income	$449.0M	$-291.0M	$2.88B	$5.02B	$4.02B	+73.0%
Net income	$-205.0M	$-160.0M	$1.62B	$3.75B	$2.32B	—
EPS (diluted)	$-0.63	$-0.49	$5.01	$11.89	$7.40	—
EBITDA	$4.44B	$1.56B	$4.76B	$7.03B	$5.96B	+7.6%
R&D	—	—	—	—	—	—
SG&A	$0	$-110.0M	$-54.0M	—	—	—

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	卖出
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	卖出
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	强力买入
AEE	Ameren Corporation	29.9B	19.1x	3.6x	4.4%	+8.0%	+6.0%	持有
AEP	American Electric Power Company Inc.	69.8B	20.9x	3.0x	4.3%	+7.6%	+13.5%	持有
D	Dominion Energy, Inc.	56.5B	22.5x	3.1x	4.2%	+5.2%	+10.2%	持有

Base and Bull scenarios

Bull20%

Price target

$251.59

-3.5% from spot

The enterprise effectively transforms into a tech-infrastructure asset, securing decades of premium baseload pricing that completely bypasses the wholesale merchant grid constraints.

Sustained 20x+ terminal multiple via tech rerating.
Data center PPAs execute at high margins.
Operating margins expand beyond 25% structurally.

Base60%

Price target

$197.53

-24.2% from spot

Strict adherence to utility mean-reversion rules applies a heavy gravitational pull, forcing the valuation to ignore unverified structural AI upside and penalize the ongoing FCFF drag.

Revenue growth fades to 1.87% post-Year 1.
Terminal multiple capped strictly at 19x.
Operating margin normalizes at 21.8%.

Sensitivity: Ke × terminal growth

The highlighted base cell is anchored to valuation synthesis sensitivity reference ($197.53). It is the reference value for this grid, not a separate standalone fair-value claim.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
8.0%	$230	$251	$276	$307	$345
9.0%	$198	$213	$230	$251	$276
10.0%	$173	$184	$198	$213	$230
11.0%	$154	$163	$173	$184	$198
12.0%	$138	$146	$154	$163	$173

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E19.2

P25 n/aP50 n/aP75 n/a

Trailing P/E22.7

P25 n/aP50 n/aP75 n/a

ROE15.1

P25 n/aP50 n/aP75 n/a

ROIC7.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All CEG indicators

Market & fundamental data

Available fields

251

Groups with data

Currency

USD

Showing 251 of 251 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001868275
Company name	Constellation Energy Corporation
Country	United States
Country code	US
CUSIP number	21037T109
Earnings date	2026-11-09
Earnings time	bmo
Employees	15,339
Employees change	1,075
Employees growth	7.54%
Enterprise value	$115.4B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1999
In index	SP500, NASDAQ100
Industry	Utilities - Independent Power Producers
Is primary listing	Yes
Is SPAC	No
ISIN number	US21037T1097
Last 10-K release date	2026-02-24
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$91.4B
Market cap category	Large-Cap
Next earnings date	2026-11-09
Options	Yes
Price	$257.96
Price currency	USD
Sector	Utilities
SIC code	4911
Stock price date	2026-10-28
Symbol	CEG
Tags	clean-energy
U.S. state	Maryland
Website	https://www.constellationenergy.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	24.27x
Average P/E ratio (3Y)	27.8x
Average P/E ratio (5Y)	28.5x
Earnings yield	4%
EV/Earnings	33.39x
EV/EBIT	24.58x
EV/EBITDA	14.55x
EV/FCF	392.14x
EV/Sales	3.7x
FCF / EV yield	0.26%
FCF yield	0.32%
Forward EV/Sales	3.13x
Forward P/E	20.84x
Forward P/S	2.48x
Graham number	144.61735
Graham upside	-44.11%
Industry forward P/E	17.3x
Industry P/E	31.9x
Lynch fair value	$258.20
Lynch upside	-0.21%
P/B ratio	2.88x
P/E ratio	24.98x
P/FCF ratio	310.77x
P/OCF ratio	21.8x
P/S ratio	2.93x
PEG ratio	1.24x
Price / tangible book value	4.51x
Price/EBITDA ratio	11.53x
Sector forward P/E	16.94x
Sector P/E	19.65x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	15.05%
EBITDA margin	25.43%
Effective tax rate	32.25%
FCF margin	0.94%
Gross margin	22.11%
Operating margin	15.05%
Pretax margin	16.39%
Profit margin	11.08%
Profit per employee	$225,895
Profitable quarters	10
Profitable years	3
Revenue per employee	$2M
ROA	3.89%
ROA (5Y)	2.58%
ROCE	5.52%
ROE	15.05%
ROE (5Y)	11.66%
ROIC	7.43%
Tax / revenue	5.29%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	7.85%
EPS growth (Q)	-46.82%
EPS growth (QoQ)	-68.37%
EPS growth 3Y	63.66%
EPS growth years	0
Net income growth	15.16%
Net income growth (Q)	-38.86%
Net income growth (QoQ)	-67.74%
Net income growth 3Y	64.81%
Net income growth years	0
OCF growth	822.37%
OCF growth (Q)	-23.63%
OCF growth (QoQ)	165.41%
OCF growth 10Y	0.1%
Revenue growth	25.99%
Revenue growth (Q)	23%
Revenue growth (QoQ)	-32.53%
Revenue growth 10Y	6.04%
Revenue growth 3Y	5.81%
Revenue growth 5Y	10.83%
Revenue growth quarters	6
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-3.9B
Depreciation and amortization	$1.4B
EBIT	$4.7B
EBITDA	$8B
EPS	$10.33
FCF per share	$0.83
Financing cash flow	$1.4B
Free cash flow	$295M
Gross profit	$6.9B
Income taxes	$1.7B
Investing cash flow	$-6.5B
Net borrowing	$3.9B
Net cash flow	$-985M
Net income	$3.5B
Operating income	$4.7B
Revenue	$31.3B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$90.00
Debt / EBITDA	3.04
Debt / equity	0.76
Debt / FCF	83.73
Goodwill	$11.5B
Interest coverage	6.01
Long-term assets	$79.3B
Long-term liabilities	$52.9B
Net cash (debt)	$-24B
Net cash / market cap	-26.18%
Net debt / EBITDA	3.02
Net debt / equity	0.74
Net debt / FCF	81.37
Piotroski F-Score	4
Property, plant and equipment	$34.7B
Shareholders' equity	$32.3B
Tangible book value	$20.3B
Tangible book value per share	$57.25
Total assets	$98.3B
Total cash	$697M
Total debt	$24.7B
Total liabilities	$65.9B
WACC	8.7%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.41
Current assets	$19B
Current liabilities	$13B
Current ratio	1.46
Inventory turnover	9.84
Net working capital	$10.8B
Quick ratio	0.47
Working capital	$5.9B
Working capital turnover	7.02

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-6.85%
Dividend growth	9.99%
Dividend growth (3Y)	19.1%
Dividend growth years	3
Dividend payment date	2026-09-04
Dividend payment years	5
Dividend payout frequency	Quarterly
Dividend per share	$1.71
Dividend yield	0.66%
Ex-dividend date	2026-08-18
FCF payout ratio	204.9%
Last dividend	$0.43
Payout ratio	16.52%
Shareholder yield	-6.19%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$274.65
1D price change	-0.39%
1M price change	-1.89%
1M total return	-1.89%
1W price change	-0.21%
1W total return	-0.21%
1Y price change	-33.97%
1Y return CAGR	-33.62%
1Y total return	-33.6%
20-day SMA	$272.70
200-day SMA	$280.73
3M price change	-4.34%
3M total return	-4.19%
3Y price change	133.16%
3Y return CAGR	33.45%
3Y total return	137.68%
50-day SMA	$273.04
50-day SMA vs 200-day SMA	50under200
52-week high	$406.04
52-week high date	2025-10-29
52-week low	$228.63
52-week low date	2026-07-01
6M price change	-18.05%
6M total return	-17.79%
After-hours change	0.11%
After-hours close	$257.96
After-hours price	$258.25
All-time high	$412.70
All-time high date	2025-10-15
All-time low	$38.00
All-time low date	2022-01-19
Average true range (ATR)	$12.39
Average volume	4.2M
Beta (1Y)	0.92
Beta (2Y)	1.37
Beta (5Y)	1.13
Change from 52-week high	-36.47%
Change from 52-week low	12.83%
Change from all-time high	-37.41%
Change from all-time low	579.71%
Change from open	-1.21%
Day's gap	0.83%
Dollar volume	$507.5M
High price	$261.68
Low price	$254.48
Monthly RSI	49.19
Open price	$261.12
Position in 52-week range	48.33%
Premarket change	0.8%
Premarket close	$258.98
Premarket price	$261.05
Premarket volume	45.6K
Previous close	$258.98
Price vs 150-day SMA	-5.96%
Price vs 20-day SMA	-5.28%
Price vs 200-day SMA	-7.99%
Price vs 50-day SMA	-5.4%
Relative volume	0.47
RSI	43.92
Sharpe ratio	-0.69
Sharpe ratio (3Y)	0.72
Sortino ratio	-0.83
Sortino ratio (3Y)	1.21
Volume	2M
Weekly RSI	45.39
YTD price change	-26.89%
YTD total return	-26.56%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	353.1M
Float percentage	99.67%
Shares change (QoQ)	1.69%
Shares change (YoY)	6.85%
Shares held by insiders	0.23%
Shares held by institutions	82.54%
Shares outstanding	354.3M
Short % of float	3.35%
Short % of shares	3.34%
Short ratio	4 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	459

Deeper analysis on CEG

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this CEG report

What is the latest published CEG stock rating?

Constellation Energy Corporation is shown with Sell in the latest published report, analyzed 2026-05-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full CEG analysis?

The full latest published report, analyzed 2026-05-20, lives at /stocks/CEG/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for CEG?

The latest published report analyzed 2026-05-20 gives CEG a fair value of USD 198 and a potential value of USD 252. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the CEG page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellCEG · Fair value $198-24.2%

Read full analysis →

Constellation Energy Corporation (CEG)

Our latest published analysis: CEG rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · CEG

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All CEG indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on CEG

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	1.5
Management	6.9
Balance Sheet	6.0
Profitability	6.5
Revenue Growth	9.0
Risk Assessment	6.5
Competitive Moat	6.5
Earnings Quality	9.0
Capital Efficiency	5.5