Consolidated Edison Inc. (ED)

NYSE: ED · USD

$114

-0.85 (-0.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-03

Our latest published analysis: ED rated Hold

Consolidated Edison Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$106 / share

Potential value

$117 / share

Upside to FV

+2.7%

from $114

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$38.2B
Revenue (ttm)	17.7B
Net income (ttm)	2.2B
EPS (ttm)	$6.09
Shares out	369.8M
P/E (trailing)	18.8x
P/E (forward)	16.1x
Dividend	$3.55 (3.11%)
Volume	1,195,983
Beta	0.25

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 17.7B
Net income (ttm): 2.2B
EPS (ttm): $6.09
P/E (trailing): 18.8x
P/E (forward): 16.1x
Market cap: $38.2B

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	$13.46B	$15.46B	$14.48B	$15.47B	$17.05B	+6.1%
Gross profit	$8.89B	$9.55B	$8.96B	$9.76B	$10.49B	+4.2%
Operating income	$2.83B	$2.62B	$3.20B	$2.67B	$2.94B	+1.0%
Net income	$1.35B	$1.66B	$2.52B	$1.82B	$2.02B	+10.7%
EPS (diluted)	$3.85	$4.66	$7.21	$5.24	$5.64	+10.0%
EBITDA	$4.37B	$5.17B	$6.06B	$5.48B	$6.15B	+8.9%
R&D	$25.0M	$27.0M	—	—	—	+8.0%
SG&A	$2.81B	$3.01B	—	—	—	+6.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ABBV	AbbVie Inc.	505.6B	80.8x	7.9x	17.7%	+3.7%	+29.1%	卖出
ABT	Abbott Laboratories	177.6B	38.2x	3.7x	7.2%	+2.7%	-17.2%	减持
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	持有
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
CEG	Constellation Energy Corporation	91.4B	25.0x	2.9x	7.4%	+10.8%	-33.6%	卖出

Base and Bull scenarios

Base55%

Price target

$106.16

+2.7% from spot

In the base scenario, assigned a probability of 55.0% with an implied return of 2.7% toward a target of $106.16, Consolidated Edison compounds earnings steadily in line with approved multi-year rate plans. Delivery revenues remain insulated from volumetric fluctuations through established revenue decoupling mechanisms. Elevated capital expenditures expand the regulated rate base, supporting mid-single-digit earnings per share and dividend growth, though substantial debt refinancing needs and negative free cash flow balance near-term returns relative to $103.39.

Execution of planned capital investment program under existing regulatory settlements
Authorized return on equity maintained near current utility averages
Revenue decoupling continues to neutralize volume and weather fluctuations
Dividend payments grow in line with regulated earnings compounding

Bull20%

Price target

$116.97

+13.1% from spot

In the bull scenario, assigned a probability of 20.0% with an implied return of 13.1% toward a target of $116.97, rate base capital deployment accelerates under favorable New York Public Service Commission rate case determinations. Authorized return on equity exceeds baseline expectations, while rapid clean energy transmission interconnections and efficiency gains lower operating costs per customer. Free cash flow conversion expands sooner than anticipated as major transmission projects achieve commercial operation, enabling faster earnings per share growth and supporting valuation toward $116.97.

Accelerated regulatory approvals for clean energy and grid modernization investments
Authorized return on equity finalized above historical rate plan baselines
Capital expenditure intensity moderates earlier as primary transmission projects complete
Refinancing borrowing spreads remain contained, preserving net interest margins

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($106.16). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
5.3%	$119	$125	$131	$139	$149
5.8%	$108	$112	$117	$122	$129
6.3%	$99.4	$103	$106	$110	$115
6.8%	$92.5	$95.0	$97.8	$101	$104
7.3%	$86.8	$88.8	$91.0	$93.5	$96.2

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/E16.1

P25 n/aP50 n/aP75 n/a

Trailing P/E17

P25 n/aP50 n/aP75 n/a

ROE9

P25 n/aP50 n/aP75 n/a

ROIC4.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All ED indicators

Market & fundamental data

Available fields

265

Groups with data

Currency

USD

Showing 265 of 265 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	0001047862
Company name	Consolidated Edison, Inc.
Country	United States
Country code	US
CUSIP number	209115104
Earnings date	2026-11-05
Earnings time	amc
Employees	15,407
Employees change	310
Employees growth	2.05%
Enterprise value	$69.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1884
In index	SP500
Industry	Utilities - Regulated Electric
Is primary listing	Yes
Is SPAC	No
ISIN number	US2091151041
Last 10-K release date	2026-02-19
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split date	1989-07-03
Last stock split type	Forward
Market cap	$42.2B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$114.18
Price currency	USD
Sector	Utilities
SIC code	4931
Stock price date	2026-10-28
Symbol	ED
U.S. state	New York
Website	https://www.conedison.com

Valuation

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

Metric	Value
Adjusted P/E ratio	19.69x
Average P/E ratio (10Y)	18.66x
Average P/E ratio (3Y)	17.33x
Average P/E ratio (5Y)	17.99x
Earnings yield	5.33%
EV/Earnings	31.33x
EV/EBIT	18.13x
EV/EBITDA	11.27x
EV/Sales	3.93x
FCF / EV yield	-1.24%
FCF yield	-2.02%
Forward EV/Sales	3.8x
Forward P/E	18.06x
Forward P/S	2.33x
Graham number	97.5639
Graham upside	-15.32%
Industry forward P/E	16.43x
Industry P/E	17.27x
Lynch fair value	$89.06
Lynch upside	-22.7%
P/B ratio	1.65x
P/E ratio	18.76x
P/OCF ratio	10.77x
P/S ratio	2.41x
PEG ratio	2.93x
Price / tangible book value	1.68x
Price/EBITDA ratio	6.91x
Sector forward P/E	17.04x
Sector P/E	19.79x

Profitability

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

Metric	Value
EBIT margin	21.66%
EBITDA margin	34.84%
Effective tax rate	23.6%
Gross margin	53.37%
Operating margin	21.66%
Pretax margin	16.41%
Profit margin	12.53%
Profit per employee	$143,896
Profitable quarters	126
Profitable years	33
Revenue per employee	$1.1M
ROA	3.24%
ROA (5Y)	2.9%
ROCE	5.39%
ROE	8.96%
ROE (5Y)	8.6%
ROIC	4.57%
Tax / revenue	3.87%

Growth

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

Metric	Value
EPS growth	10.58%
EPS growth (Q)	22.06%
EPS growth (QoQ)	-67.32%
EPS growth 10Y	4.66%
EPS growth 3Y	-4.34%
EPS growth 5Y	13.08%
EPS growth quarters	2
EPS growth years	1
FCF growth (Q)	-30.44%
Net income growth	14.51%
Net income growth (Q)	25.2%
Net income growth (QoQ)	-66.67%
Net income growth 3Y	-3.42%
Net income growth 5Y	14.63%
Net income growth quarters	2
Net income growth years	1
OCF growth	-12.46%
OCF growth (Q)	-9.2%
OCF growth (QoQ)	932.76%
OCF growth 10Y	1.46%
OCF growth 3Y	7.97%
OCF growth 5Y	10.41%
Revenue growth	9.5%
Revenue growth (Q)	13.19%
Revenue growth (QoQ)	-20.14%
Revenue growth 10Y	3.87%
Revenue growth 3Y	4.41%
Revenue growth 5Y	6.45%
Revenue growth quarters	9
Revenue growth years	2

Financial statements

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

Metric	Value
Capital expenditures	$-4.8B
Depreciation and amortization	$2.3B
EBIT	$3.8B
EBITDA	$6.2B
EPS	$6.09
FCF per share	$-2.33
Financing cash flow	$956M
Free cash flow	$-862M
Gross profit	$9.4B
Income taxes	$685M
Investing cash flow	$-4.9B
Net borrowing	$1.3B
Net cash flow	$-37M
Net income	$2.2B
Operating income	$3.8B
Revenue	$17.7B

Financial strength

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

Metric	Value
Book value per share	$69.51
Debt / EBITDA	4.54
Debt / equity	1.1
Goodwill	$406M
Interest coverage	2.93
Long-term assets	$69.7B
Long-term liabilities	$45.4B
Net cash (debt)	$-26.9B
Net cash / market cap	-63.02%
Net debt / EBITDA	4.36
Net debt / equity	1.04
Piotroski F-Score	6
Property, plant and equipment	$57.6B
Shareholders' equity	$25.7B
Tangible book value	$25.3B
Tangible book value per share	$68.41
Total assets	$76.5B
Total cash	$1.5B
Total debt	$28.3B
Total liabilities	$50.7B
WACC	4.79%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.24
Current assets	$6.8B
Current liabilities	$5.4B
Current ratio	1.27
Inventory turnover	16.11
Net working capital	$1.1B
Quick ratio	0.97
Working capital	$1.4B
Working capital turnover	17.94

Dividends and buybacks

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

Metric	Value
Buyback yield / dilution	-3.54%
Dividend growth	4.41%
Dividend growth (10Y)	2.85%
Dividend growth (3Y)	3.09%
Dividend growth (5Y)	2.75%
Dividend growth years	53
Dividend payment date	2026-12-15
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$3.55
Dividend yield	3.11%
Ex-dividend date	2026-11-18
Last dividend	$0.89
Payout ratio	58.33%
Shareholder yield	-0.46%

Performance and technicals

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

Metric	Value
10Y price change	55.34%
10Y return CAGR	8.31%
10Y total return	122.1%
150-day SMA	$108.75
15Y price change	91.72%
15Y return CAGR	8.42%
15Y total return	236.28%
1D price change	-0.74%
1M price change	10.7%
1M total return	10.7%
1W price change	1.92%
1W total return	1.92%
1Y price change	13.88%
1Y return CAGR	17.67%
1Y total return	17.66%
20-day SMA	$109.45
200-day SMA	$108.87
20Y price change	136.64%
20Y return CAGR	8.79%
20Y total return	439.1%
3M price change	2.36%
3M total return	3.2%
3Y price change	30.48%
3Y return CAGR	13.05%
3Y total return	44.51%
50-day SMA	$107.39
50-day SMA vs 200-day SMA	50under200
52-week high	$116.50
52-week high date	2026-10-23
52-week low	$94.96
52-week low date	2025-12-08
5Y price change	50.19%
5Y return CAGR	12.29%
5Y total return	78.52%
6M price change	4.87%
6M total return	6.62%
All-time high	$116.50
All-time high date	2026-10-23
All-time low	$1.50
All-time low date	1974-06-21
Average true range (ATR)	$1.95
Average volume	2.2M
Beta (1Y)	-0.46
Beta (2Y)	-0.29
Beta (5Y)	0.25
Change from 52-week high	-1.99%
Change from 52-week low	20.24%
Change from all-time high	-2.03%
Change from all-time low	7,508.67%
Change from open	-0.03%
Day's gap	-0.71%
Dollar volume	$136.6M
High price	$115.48
Low price	$114.00
Monthly RSI	58.85
Open price	$114.21
Position in 52-week range	12.16%
Premarket change	-0.03%
Premarket close	$115.03
Premarket price	$115.00
Previous close	$115.03
Price vs 150-day SMA	4.94%
Price vs 20-day SMA	4.28%
Price vs 200-day SMA	4.83%
Price vs 50-day SMA	6.28%
Relative volume	0.55
RSI	64.97
Sharpe ratio	0.78
Sharpe ratio (3Y)	0.57
Sharpe ratio (5Y)	0.5
Sortino ratio	1.52
Sortino ratio (3Y)	1.16
Sortino ratio (5Y)	1.04
Volume	1.2M
Weekly RSI	60.31
YTD price change	14.91%
YTD total return	17.74%

Ownership and float

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

Metric	Value
Float	369.3M
Float percentage	99.86%
Shares change (QoQ)	1.54%
Shares change (YoY)	3.54%
Shares held by insiders	0.04%
Shares held by institutions	78.01%
Shares outstanding	369.8M
Short % of float	3.18%
Short % of shares	3.18%
Short ratio	5.5 days

Deeper analysis on ED

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.

→

Scorecard

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

Frequently asked questions

About this ED report

What is the latest published ED stock rating?

Consolidated Edison Inc. is shown with Hold in the latest published report, analyzed 2026-10-03. 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 ED analysis?

The full latest published report, analyzed 2026-10-03, lives at /stocks/ED/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 ED?

The latest published report analyzed 2026-10-03 gives ED a fair value of USD 106 and a potential value of USD 117. 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 ED page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-03). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldED · Fair value $106+2.7%

Read full analysis →

Consolidated Edison Inc. (ED)

Our latest published analysis: ED rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · ED

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All ED indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ED

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	6.0
Management	7.5
Balance Sheet	5.0
Profitability	5.5
Revenue Growth	6.0
Risk Assessment	7.0
Competitive Moat	7.0
Earnings Quality	9.0
Capital Efficiency	3.5