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Avista Corporation (AVA) Fair Value & Analysis

Utilities · US · Market cap $3.5B

AC Avista Corporation logo Avista Corporation AVA · US
Price$38.73
Fair Value$34.22
Upside-11.6%
Quality37/100
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Expensive Growth
Solidly profitable · 10.8% net margin
Moderate debt · negative free cash flow
4.77% dividend yield
Mixed vs. peers (6/14)
Moderate moat 50/100
Evidence: High Range $27.51 – $49.63 Share as image

Fair value as of: Jul 14, 2026

From 15 valuation models · updated 26 days ago

Share price −5.2% over the past month.

Below-average quality, and screening another 12% overvalued on our models.

What matters now

  • A fairly wide model range ($27.51 to $49.63) leaves room in how you read the outcome.
  • Our model range runs from $27.51 (bear) to $49.63 (bull), base $34.22. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 37/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$42.43 $27.06 Fair Value $34.22 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range $27.06 – $42.43 · fair‑value band $27.51 – $49.63 · the $38.73 price screens above the $34.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Avista Corporation (AVA) currently trades at $38.73, while our model-based Fair Value estimate is $34.22, implying the stock looks roughly 11.6% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Avista Corporation generated revenue of $1.9B at a net margin of 10.8%. Revenue declined 7.6% year over year. It earns a return on equity of 7.6%. Net debt stands at $3.4B. Fundamentals as of Jul 14, 2026

Our scenario range runs from $27.51 (bear case) to $49.63 (bull case); at $38.73, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -48% fair-value upside, at -12%, AVA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $26.55 $28.04 $29.67 76
ROIC Compounder $1.32 $6.86 $11.63 72
Gordon GGM $16.90 $27.41 $39.06 70
All 15 models by family
Earnings-Based
Graham-Dodd $15.88 $36.40 $46.68 54
PEG = 1.0 $6.08 $8.69 $11.29 46
EPV $1.32 $6.86 $11.63 59
Dividend Discount
Gordon GGM $16.90 $27.41 $39.06 70
DDM Multi-Stage $16.90 $24.41 $32.44 61
Multiples
P/E Multiple $31.53 $42.04 $52.55 63
P/S Multiple $29.78 $39.70 $49.63 58
P/B Multiple $29.78 $39.70 $49.63 55
EV/EBIT $14.47 $30.53 $46.59 53
EV/EBITDA $24.63 $44.08 $63.54 54
EV/Revenue $5.26 $21.96 $38.67 43
Asset-Based
NCAV (Graham) $16.39 $21.96 $32.78 50
Economic Profit
Residual Income $26.55 $28.04 $29.67 76
ROIC Compounder $1.32 $6.86 $11.63 72
Growth Earnings
Growth-Adj P/E $23.96 $34.22 $44.49 68

Widest divergence: Multiples ($39.70) versus Economic Profit ($6.86). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $1.9B
Revenue growth (YoY) -7.6%
Net margin 10.8%
Return on equity 7.6%
Free cash flow −$101M FY2025
P/E ratio 16.4
More key figures
Operating margin 23.7%
EPS (TTM) $2.51
Dividend yield 4.7%
EPS growth (YoY) +13.3%
Net debt $3.4B FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 36 · Market factors (momentum, volatility) 58

Profitability 26
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 46
Distance to the 52-week high (market factor)
Net Issuance 49
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through two segments, Avista Utilities and Alaska Electric Light and Power Company (AEL&P).

Full company description

Avista Corporation, together with its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through two segments, Avista Utilities and Alaska Electric Light and Power Company (AEL&P). The Avista Utilities segment provides electric distribution and transmission, and natural gas distribution and transmission services in parts of eastern Washington and northern Idaho; and natural gas distribution services in parts of northeastern and southwestern Oregon, as well as generates electricity in Washington, Idaho, Oregon, and Montana. This segment also engages in the supply of electricity to customers in Montana; and wholesale purchase and sale of electricity and natural gas. The Alaska Electric Light and Power Company segment offers electric services in Juneau, Alaska. The company generates electricity through hydroelectric, thermal, wind, and solar generation facilities. As of December 31, 2025, it supplied retail electrical services to approximately 429,000 customers; retail natural gas services to approximately 386,000 customers; and electrical energy to approximately 17,600 customers. The company also operates five hydroelectric generation facilities with a capacity of 102.7 MW; and four diesel generating facilities with a capacity of 107.5 MW. In addition, it engages in venture fund investments, real estate investments, and other investments. The company was formerly known as Washington Water Power and changed its name to Avista Corporation in January 1999. Avista Corporation was incorporated in 1889 and is headquartered in Spokane, Washington.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Avista Corporation reported revenue of $2.0B in FY2025 versus $1.4B in FY2021, a compound +8.1%/yr. Reported net income was $193M in FY2025, compounding +7.0%/yr from FY2021.

Growth Quality 43/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$2.0B
Latest YoY
+1.3%
Avg. growth/yr (3Y)
+4.7%
Avg. growth/yr (5Y)
+8.2%
Avg. growth/yr (40Y)
+3.7%
Revenue +8.1%/yr
FY21 $1.4B
FY22 $1.7B
FY23 $1.8B
FY24 $1.9B
FY25 $2.0B
Net income +7.0%/yr
FY21 $147M
FY22 $155M
FY23 $171M
FY24 $180M
FY25 $193M

AVA screens 12% overvalued. Compare with Iberdrola, S.A →

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Cite: Fair Value Calculator (2026). "Avista Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AVA

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Utilities - Diversified · 51 stocks

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.

Quality Score 37 · Bottom 25%
Fair Value upside −12% · Above median
Return on equity (TTM) 8% · Below median
Return on assets 3% · Below median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 24% · Top 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 4.8% · Top 25%
Debt / equity 1.04× · Higher than median

Valuation Multiples vs Utilities - Diversified median · lower = cheaper

P/E (TTM) 16.7× · Cheaper than median
P/B 1.28× · Cheaper than median
P/S (TTM) 1.81× · Pricier than median
EV/EBITDA 9.6× · Pricier than median
PEG 2.66× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 14
FUTURE 0 · sector 0
PAST 30 · sector 33
HEALTH 48 · sector 49
DIVIDEND 95 · sector 80

Insider activity: 44/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Iberdrola, S.A IBE €21.25 €9.34 -56%
Enel SpA ENEL €10.28 €5.83 -43%
Engie SA 1ENGI €26.59 €17.39 -35%
Sempra SRE $93.15 $47.77 -49%
E.ON SE EOAN €19.34 €11.71 -39%
RWE Aktiengesellschaft generates and 1RWE €56.52 €29.64 -48%
ACWA Power Company 2082 198.20 SAR 25.38 SAR -87%
Brookfield Infrastructure Partners L.P. BIPUN C$55.05 C$17.66 -68%
EnBW Energie Baden-Württemberg AG EBK €69.00 €21.11 -69%
EDP, S.A EDP €4.41 €3.81 -14%

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Frequently asked questions

Is Avista Corporation (AVA) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $34.22 versus a price of $38.73, about −12% (overvalued).
What is the fair value of AVA?
Our model-based fair value for Avista Corporation is $34.22 (as of Jul 14, 2026), built from audited fundamentals. The current price is $38.73.
What is the quality score of AVA?
Avista Corporation has a Quality Score of 37/100. 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 revenue of Avista Corporation (AVA)?
Avista Corporation reported trailing-twelve-month revenue of about $1.9B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of AVA?
The net profit margin of Avista Corporation is about 10.8%, meaning it keeps roughly 10.8% of revenue as net income. Based on the latest reported figures.
Does Avista Corporation pay a dividend?
Avista Corporation currently shows a dividend yield of about 4.69% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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