E.ON SE (EOAN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of E.ON SE stock €8.96, price €19.09, that is 53.1% below the price, quality 35 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
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E.ON SE
EOAN · XETRAOur calculation puts a fair price 53% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range €6.38 – €19.70 · fair‑value band €6.46 – €11.21 · the €19.09 price screens above the €8.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. The company operates through Energy Networks, Energy Infrastructure Solutions, and Energy Retail segments.
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The Energy Networks segment operates power and gas distribution networks; and offers maintenance, repair, and related services for its power and gas networks.
Its Energy Infrastructure Solutions provides integrated and sustainable energy solutions for cities, municipalities, and industrial and commercial customers comprising district heating and cooling; heat, steam, and electricity services; embedded solutions; products and services that enhance energy efficiency.
This segment also installs smart energy meters, block-type thermal power stations, photovoltaic systems, air-conditioning systems, and heat pumps.
Its Energy Retail segment supplies power and gas; installs customer connections and connects renewable energy generating stations to the grid; and offers a range of green power and green gas, and sustainable solutions that enhance energy efficiency for residential, small and medium-sized enterprises, commercial and industrial, and sales partners.
It also provides digital solutions; biogas and biomethane products; and compressed natural gas refueling services, as well as solar and battery storage systems, heating systems, and charging infrastructure for electric vehicle. E.ON SE was founded in 1923 and is headquartered in Essen, Germany.
Stock analysis
E.ON SE (EOAN) currently trades at €19.09, while our model-based Fair Value estimate is €8.96, 53% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €11.94 per share, and 0 of the 12 models we run sit above the €19.09 price.
Bear case: the Dividend Discount group reads lowest at €5.16, and 12 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €6.46 (bear) to €11.21 (bull), the price of €19.09 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 35/100 (below-average quality), in the Utilities sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
E.ON SE reported revenue of €78.7B in FY2025 versus €77.4B in FY2021, a compound +0.4%/yr. Reported net income was €1.7B in FY2025, compounding −22.0%/yr from FY2021.
Key figures
Market cap €52.1B Large · P/E ratio 14.8 · P/S ratio 0.91 · EPS (TTM) €1.29 · Dividend yield 3.0% · Net margin 4.5% · Return on equity 15.6% · Return on assets (EBIT) 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 3% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −46% fair-value upside, at −53%, EOAN screens richer than that median.
Fair Value models
All 12 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
EOAN screens overvalued: fair value 53% below the price. Compare with Iberdrola, S.A →
Compare E.ON SE with another stock
Price, fair value, quality and upside side by side.
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 - Diversified · 49 stocks
Valuation Multiplesvs Utilities - Diversified median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Quality Score by industry
- Return on equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: Utilities
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Origin Energy Limited ORG | A$12.12 | A$11.45 | −6% | vs EOAN |
| Engie SA ENGI | €24.20 | €20.64 | −15% | vs EOAN |
| RWE Aktiengesellschaft generates and RWE | €57.64 | €43.47 | −25% | vs EOAN |
| Enel SpA ENEL | €9.69 | €5.94 | −39% | vs EOAN |
| Sempra SRE | $79.83 | $43.34 | −46% | vs EOAN |
| EDP, S.A EDP | €5.00 | €2.67 | −47% | vs EOAN |
| Brookfield Infrastructure Partners L.P. BIP | $37.81 | $17.58 | −54% | vs EOAN |
| Iberdrola, S.A IBE | €22.65 | €10.28 | −55% | vs EOAN |
| EnBW Energie Baden-Württemberg AG EBK | €66.80 | €21.11 | −68% | vs EOAN |
| ACWA Power Company 2082 | 153.80 SAR | 27.47 SAR | −82% | vs EOAN |
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Key figures of E.ON SE
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