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Data-driven stock valuation

Dominion Energy Inc (D) fair value: what the stock is really worth

We calculate from audited financials what Dominion Energy Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Utilities · US · Market cap $61.6B · ISIN US25746U1097

At a glance

DE Dominion Energy Inc logo Dominion Energy Inc D · US
Price$65.84
Fair Value$46.34
Upside−29.6%
Quality46/100

Below-average quality, and trading another 42% above our fair value of $46.34.

As of Sep 2, 2026, the fair value of Dominion Energy Inc is $46.34 per share against a price of $65.84, so the fair value sits 30% below the price. A model estimate from reported figures, not an analyst target.

!Expensive Growth (revenue 5y +3.1 %/yr)
Solidly profitable · 16.9% net margin
!High debt · negative free cash flow
·4.06% dividend yield
!Trails peers (5/14)
!Moderate moat 60/100
!Evidence only medium, so the estimate is less certain
!Weak on balance sheet: 25 out of 100
Evidence: Medium Range $33.78 to $57.93

Fair value as of: Sep 2, 2026

From 14 valuation models · updated 5 days ago

Share price −3.6% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($57.93). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

$72.54 $34.67 Fair Value $46.34 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.

How to read this chart

60‑month range $34.67 – $72.54 · fair‑value band $33.78 – $57.93 · the $65.84 price screens above the $46.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 2, 2026.

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Analysis

Dominion Energy Inc (D) currently trades at $65.84, while our model-based Fair Value estimate is $46.34, implying the stock looks roughly 42.1% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of $48.26 per share, and 0 of the 11 models we run sit above the $65.84 price. Bear case: the Asset-Based group reads lowest at $22.16, and 11 of the 11 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Dominion Energy Inc generated revenue of $17.4B at a net margin of 16.9%. Revenue grew 23.1% year over year. It earns a return on equity of 9.8%. Net debt stands at $48.7B. Fundamentals as of Sep 2, 2026

Scenario range: $33.78 (bear) to $57.93 (bull), the price of $65.84 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 4% below its 52-week high and 29% 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 −30%, D screens cheaper than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.4932 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model 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. Evidence
Highest evidence
Residual Income best evidence $29.52 $32.82 $47.07 76
Gordon GGM $23.78 $34.68 $46.02 69
EPV n/a n/a $5.84 68
All 14 models by family
Earnings-Based
Graham-Dodd $23.18 $47.13 $59.36 66
EPV n/a n/a $5.84 68
Dividend Discount
Gordon GGM $23.78 $34.68 $46.02 69
DDM Multi-Stage $23.78 $33.64 $45.00 67
Multiples
P/E Multiple $46.02 $61.36 $76.70 63
P/S Multiple $35.19 $46.92 $58.65 58
P/B Multiple $43.46 $57.95 $72.44 55
EV/EBIT $7.13 $25.95 $44.77 60
EV/EBITDA $11.19 $31.37 $51.55 62
EV/Revenue n/a n/a $11.66 50
Asset-Based
NCAV (Graham) $16.53 $22.16 $33.07 54
Economic Profit
Residual Income best evidence $29.52 $32.82 $47.07 76
ROIC Compounder n/a n/a $5.84 68
Growth Earnings
Growth-Adj P/E $33.78 $48.26 $62.73 67

Widest divergence: Growth Earnings ($48.26) versus Asset-Based ($22.16). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 19.4
P/S ratio 3.53 P/E × margin
EPS (TTM) $3.39 price ÷ EPS = P/E 19.4
Dividend yield 4.1% payout 78.8%
Net margin 18.2% FY2025
Return on equity 9.8% TTM
More key figures
Profitability
Return on assets (EBIT) 2.7% avg 5y
Operating margin 28.8% TTM
Growth
Revenue (TTM) $17.4B TTM
Revenue growth (YoY) +23.1% 3y avg +5.8%
EPS growth (YoY) −10.2%
Balance sheet & cash flow
Free cash flow −$7.3B FY2025
Net debt $48.7B FY2025

Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 43 · Market factors (momentum, volatility) 64

Profitability 33
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 68
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments.

Full company description

Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments. The Dominion Energy Virginia segment engages in the generation, distribution, and transmission of electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.5 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation fleet and renewable natural gas facilities. As of December 31, 2025, the company's portfolio of assets included approximately 30.7 GW of electric generating capacity, 10,800 miles of electric transmission lines, and 80,400 miles of electric distribution lines. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dominion Energy Inc reported revenue of $16.5B in FY2025 versus $11.4B in FY2021, a compound +9.6%/yr. Reported net income was $3.0B in FY2025, compounding −3.1%/yr from FY2021.

Growth Quality 31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$16.5B
Latest YoY
+14.2%
Avg. revenue growth/yr (3Y) 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.
+5.8%
Avg. revenue growth/yr (5Y) 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.
+3.1%
Avg. revenue growth/yr (40Y) 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.
+4.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
+20.0%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+15.9%
Dividend yield4.1%
Trend 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.5Y 3.6% vs 10Y 0.9%, steady
Operating margin (EBIT) 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.14.5% (2020) → 26.7% (2025) · rising
Worst earnings drop112% (2020) (loss year, drop beyond 100%) · in USD
⚠ Revenue per share shrinking 2.1%/yr over ~10Y (margins intact) Structural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue +9.6%/yr
FY21 $11.4B
FY22 $13.9B
FY23 $14.4B
FY24 $14.5B
FY25 $16.5B
Net income −3.1%/yr
FY21 $3.4B
FY22 $1.2B
FY23 $2.0B
FY24 $2.1B
FY25 $3.0B
Character of growth · EPS growth decomposed (2014-2025) −0.5 % p.a.
Revenue per share −1.1 %

of which total revenue +2.6 % · buybacks/dilution −3.7 %

EBIT margin −1.1 %
Tax rate +1.6 %
Residual (interest, one-offs) +0.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

D screens 42% overvalued. Compare with NextEra Energy, Inc →

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Cite: Fair Value Calculator (2026). "Dominion Energy Inc Fair Value". https://www.fairvalue-calculator.com/stock/D

Recent news

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

Peer Group

Utilities - Regulated Electric · 153 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.

Valuation
Quality Score 46 · Below median
Fair Value upside −30% · Below median
Profitability
Return on equity (TTM) 10% · Above median
Return on assets 3% · Below median
Net margin (TTM) 17% · Above median
Operating margin (TTM) 29% · Top 25%
Growth and dividend
Revenue growth 23% · Top 25%
Dividend yield (TTM) 4.1% · Above median
Balance sheet
Debt / equity 1.50× · Highest 25%

Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper

P/E (TTM) 19.4× · Pricier than median
P/B 2.12× · Pricier than median
P/S (TTM) 3.53× · Priciest 25%
EV/EBITDA 12.8× · Pricier than median
PEG 2.98× · Pricier than median

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 32
PAST39 · sector 39
HEALTH25 · sector 52
DIVIDEND81 · sector 66

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

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

Similar stocks

10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $83.43 $32.94 −61%
The Southern Company SO $88.25 $58.81 −33%
Duke Energy Corporation DUK $120.25 $74.89 −38%
National Grid plc NGG $80.68 $63.94 −21%
American Electric Power Company AEP $122.96 $77.23 −37%
Entergy Corporation ETR $105.75 $52.92 −50%
Xcel Energy Inc XEL $76.34 $44.61 −42%
Exelon Corporation EXC $43.64 $37.60 −14%
Endesa, S.A ELE €42.30 €25.72 −39%
Consolidated Edison, Inc ED $107.70 $62.35 −42%

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Frequently asked questions

Is Dominion Energy Inc (D) overvalued or undervalued?
As of Sep 2, 2026, our model estimates a fair value of $46.34 versus a price of $65.84, about −30% upside (overvalued).
What is the fair value of D?
Our model-based fair value for Dominion Energy Inc is $46.34 (as of Sep 2, 2026), built from audited fundamentals. The current price: $65.84.
What is the quality score of D?
Dominion Energy Inc has a Quality Score of 46/100. 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 Dominion Energy Inc (D)?
Our model-based price target is the fair value of $46.34 (as of Sep 2, 2026) from 14 valuation models. Cautious scenario $33.78, optimistic scenario $57.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Dominion Energy Inc stock forecast for 2026?
Our models put fair value at $46.34, about −30% upside versus a price of $65.84 (overvalued). Cautious scenario $33.78, optimistic scenario $57.93. The calculation is refreshed regularly with new filings.
What is the revenue of Dominion Energy Inc (D)?
Dominion Energy Inc reported trailing-twelve-month revenue of about $17.4B (latest available figure, as of Sep 2, 2026).
What is the net profit margin of D?
The net profit margin of Dominion Energy Inc is about 16.9%, meaning it keeps roughly 16.9% of revenue as net income. Based on the latest reported figures.
Does Dominion Energy Inc pay a dividend?
Dominion Energy Inc currently shows a dividend yield of about 4.06% relative to its recent price (as of Sep 2, 2026).
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