IDACORP Inc (IDA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of IDACORP Inc stock $54.68, price $147, that is 62.7% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $81.37 – $154.55 · fair‑value band $39.55 – $80.48 · the $146.55 price screens above the $54.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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IDACORP, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States.
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The company operates 17 hydropower generating plants located in southern Idaho and eastern Oregon; and three natural gas-fired plants situated in southern Idaho, as well as interests in a coal-fired and natural gas-fired steam generating plant located in Wyoming; and interests in a coal-fired steam generating plant situated in Nevada.
As of December 31, 2025, it had approximately 4,730 pole miles of high-voltage transmission lines; 23 step-up transmission substations located at power plants; 21 transmission substations; 12 switching stations; 31 mixed-use transmission and distribution substations; 188 energized distribution substations; approximately 30,020 linear miles of distribution lines; and a capacity of 1,228 MWh of battery storage.
The company provides electric utility services to approximately 664,000 retail customers in southern Idaho and eastern Oregon.
It serves commercial and industrial customers, which involved in food processing, electronics and general manufacturing, agriculture, health care, government, education, and information technology. The company also invests in housing and other real estate tax credit investments.
IDACORP, Inc. was founded in 1915 and is headquartered in Boise, Idaho.
Stock analysis
IDACORP Inc (IDA) currently trades at $146.55, while our model-based Fair Value estimate is $54.68, 63% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $81.13 per share, and 0 of the 15 models we run sit above the $146.55 price.
Bear case: the Asset-Based group reads lowest at $19.63, and 15 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: $39.55 (bear) to $80.48 (bull), the price of $146.55 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
IDACORP Inc reported revenue of $1.8B in FY2025 versus $1.5B in FY2021, a compound +5.6%/yr. Reported net income was $323M in FY2025, compounding +7.1%/yr from FY2021.
Key figures
Market cap $8.4B Mid · P/E ratio 24.3 · P/S ratio 4.45 · EPS (TTM) $6.03 · Dividend yield 0.6% · Net margin 19.9% · Return on equity 9.9% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 5% below its 52-week high and 19% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at −63%, IDA screens richer than that median.
Fair Value models
Bear$39.55Fair Value $54.68Bull$80.48
Price $146.55 · Downside -62.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($4.42 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors sold shares worth $424,470 and none bought.
SaleAdam J RichinsEVP and COO (IPC)1,500 shares at $142.03$213,045Jun 10, 2026
SaleJames Bo D HancheyVP of Cust Op & CSO (IPC)1,500 shares at $140.95$211,425May 29, 2026
SaleTimothy E TatumVP Regulatory Affairs (IPC)1,479 shares at $142.51$210,772Mar 3, 2026
SaleMitchel D ColburnVP of Plan, Eng, & Const (IPC)1,300 shares at $142.65$185,445Feb 23, 2026
SaleJulia A HiltonVP and General Counsel1,000 shares at $142.79$142,790Feb 23, 2026
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−0.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Start year 2020 (pandemic). Over 10 years: +3.6% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.7%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4.7% vs 4.3%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 22%
News mood ⓘNews mood, the average tone of recent news (94 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The regulated franchise supports steady returns on an expanding rate base, yet negative free cash flow and elevated debt limit financial flexibility under oversight.
Main risk: Delays or unfavorable rulings by Idaho and Oregon public utility commissions on rate cases could slow cost recovery for major generation, transmission and storage projects, limiting returns on the growing rate base.
Bull case: Timely regulatory approvals could enable full inclusion of new assets in the rate base, allowing the company to earn authorized returns while meeting rising demand from industrial growth.
Bear case: Extended regulatory uncertainty might delay or reduce cost recovery on the capital program, constraining the ability to finance and complete infrastructure needed for load growth without additional strain.
IDACORP is ramping up capital spending to roughly 1.4 billion dollars a year through 2030 for new generation, battery storage and transmission lines to serve rising electricity demand. Its historically hydro-reliant system now needs more natural gas and storage capacity while staying inside a regulated framework. Will the added rate base deliver steady returns or expose the business to greater construction and approval risks?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 155 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−62.7% · Bottom 25%
Profitability
Return on equity (12 months)9.9% · Above median
Return on assets3.1% · Below median
Net margin (12 months)19.9% · Top 25%
Operating margin (12 months)29.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)15.9% · Top 25%
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.93× · Below median
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/E (12 months)24.3× · Priciest 25%
P/B2.35× · Priciest 25%
P/S (12 months)4.45× · Priciest 25%
EV/EBITDA15.9× · Priciest 25%
PEG2.00× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 15
FUTURE (revenue growth)80· sector 27
PAST (return on equity)40· sector 40
HEALTH (low debt)53· sector 52
DIVIDEND (yield)12· sector 64
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "IDACORP Inc Fair Value". https://www.fairvalue-calculator.com/stock/IDA
Frequently asked questions
Is IDACORP Inc (IDA) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $54.68 versus a price of $146.55, about 63% lower (overvalued).
What is the fair value of IDA?
Our model-based fair value for IDACORP Inc is $54.68 (as of Nov 6, 2026), built from audited fundamentals. The current price: $146.55.
What is the quality score of IDA?
IDACORP Inc has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for IDACORP Inc (IDA)?
Our model-based price target is the fair value of $54.68 (as of Nov 6, 2026) from 15 valuation models. Cautious scenario $39.55, optimistic scenario $80.48. It is a calculation from audited fundamentals, not an analyst target.
What is the IDACORP Inc stock forecast for 2026?
Our models put fair value at $54.68, about 63% lower versus a price of $146.55 (overvalued). Cautious scenario $39.55, optimistic scenario $80.48. The calculation is refreshed regularly with new filings.
What is the revenue of IDACORP Inc (IDA)?
IDACORP Inc reported trailing-twelve-month revenue of about $1.9B (latest available figure, as of Nov 6, 2026).
Does IDACORP Inc pay a dividend?
IDACORP Inc currently shows a dividend yield of 0.60% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of IDACORP Inc (IDA) and when is the ex-dividend date?
IDACORP Inc pays a dividend of $0.88 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Nov 5, 2026. A dividend has been paid every year since 1985. The payout ratio is 14.6% of earnings. Our assessment: Token dividend. At a yield of 0.6% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.6% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of IDACORP Inc (IDA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IDACORP Inc it is $54.68 per share (as of Nov 6, 2026), against a price of $146.55. It is the blended result of 15 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is IDACORP Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, IDA trades above its calculated fair value: price $146.55, fair value $54.68, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IDA?
No. The price is what the market pays today ($146.55); the fair value is what the company's own numbers justify ($54.68). For IDACORP Inc the two are $91.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is IDACORP Inc worth?
The market values IDACORP Inc at about $8.4B (market capitalisation, as of Nov 6, 2026). Per share that is $146.55; our models calculate a fair value of $54.68 per share.
What do the bullish and bearish scenarios say about IDA?
Our models span a range for IDACORP Inc: cautious scenario $39.55, base $54.68, optimistic $80.48 per share (as of Nov 6, 2026, price $146.55). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IDA?
IDACORP Inc trades at a price-to-earnings ratio of 24.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $54.68 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 20.9. Other multiples: PEG 2.0, P/B 2.4, P/S 4.4, EV/EBITDA 15.9.
What is the PEG ratio of IDA?
The PEG ratio of IDACORP Inc is 2.00 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of IDACORP Inc (IDA)?
Balance-sheet figures for IDACORP Inc (as of Nov 6, 2026): return on equity 9.9%, debt of 0.93 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is IDA from its 52-week high?
IDACORP Inc trades at $146.55, about 5% below its 52-week high of $154.55 and 19% above the low of $123.17 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $54.68 is for.
Which stocks are comparable to IDACORP Inc?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is IDACORP Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $146.55, calculated fair value $54.68 (−63%), Quality Score 41/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IDA calculated?
We run IDACORP Inc through 15 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $54.68 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. IDACORP Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of IDACORP Inc (IDA)?
The closing price on Nov 6, 2026 was $146.55. Our model-based fair value is $54.68, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IDACORP Inc right now?
The price sits above even our optimistic bull case ($80.48). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($39.55 to $80.48) leaves room in how you read the outcome.
Where does the earnings growth of IDACORP Inc (IDA) come from?
Earnings per share at IDACORP Inc grew +4.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.4 %, EBIT margin −1.2 %, tax rate +1.4 %, residual (interest, one-offs) +0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of IDACORP Inc
How large is the market capitalisation of IDACORP Inc (IDA)?
The market capitalisation of IDACORP Inc is $8.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of IDACORP Inc (IDA)?
The price-to-sales ratio of IDACORP Inc is 4.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IDACORP Inc (IDA)?
Earnings per share at IDACORP Inc are $6.03 (price ÷ EPS = P/E 24.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IDACORP Inc (IDA)?
The dividend yield of IDACORP Inc is 0.6% (payout 14.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of IDACORP Inc (IDA)?
The net margin of IDACORP Inc is 19.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of IDACORP Inc (IDA)?
The return on equity (ROE) of IDACORP Inc is 9.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of IDACORP Inc (IDA)?
On an EBIT basis the return on assets of IDACORP Inc is 4.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of IDACORP Inc (IDA)?
The operating margin of IDACORP Inc is 29.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IDACORP Inc (IDA)?
Revenue at IDACORP Inc is growing +15.9% versus a year earlier (3y avg +3.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at IDACORP Inc (IDA)?
Earnings per share at IDACORP Inc are growing +20.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does IDACORP Inc (IDA) generate?
The free cash flow of IDACORP Inc is −$577M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does IDACORP Inc (IDA) carry?
The net debt of IDACORP Inc is $3.4B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026