Engie S.A. (ENGI) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Engie S.A. €20.64, price €23.80, upside -13.3%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range €6.78 – €28.11 · fair‑value band €16.57 – €25.18 · the €23.80 price screens above the €20.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Engie SA engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.
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Engie SA engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally. The Renewables & Flex Power segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy, such as hydroelectric, onshore wind, photovoltaic solar, biomass, offshore wind, geothermal, and battery storage. It also offers flexible thermal generation and electricity, pumping, and battery storage facilities; solutions for decarbonizing industry with low-carbon hydrogen; and operation of desalination plants. The Networks segment comprises the gas and power infrastructure activities, including the management and development of gas and electricity transportation networks and natural gas distribution networks in and outside of Europe, natural gas underground storage, and regasification infrastructure. The Local Energy Infrastructures provides the construction and management of decentralized energy networks, including heating and cooling networks, distributed power generation plants, distributed solar power parks, low-carbon mobility, low-carbon cities and public lighting, energy efficiency, technical maintenance, and sustainable development consulting. The Supply & Energy Management segment optimizes the Group's energy assets, manages market and portfolio risks, and supplies natural gas, green and low-carbon gas, and electricity to residential, business, industrial customers, develops green energy contracts, and digital consumption management. The Other segment manages nuclear power production and holds drawing rights, focusing on operational management, safety, and decommissioning. It offers renewable electricity, green gas, energy management. The company was formerly known as GDF SUEZ S.A. and changed its name to Engie SA in April 2015. Engie SA was founded in 1880 and is based in La Garenne-Colombes, France.
Stock analysis
Engie S.A. (ENGI) currently trades at €23.80, while our model-based Fair Value estimate is €20.64, implying the stock looks roughly 15.3% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €27.11 per share, and 5 of the 15 models we run sit above the €23.80 price.
Bear case: the Asset-Based group reads lowest at €8.69, and 10 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: €16.57 (bear) to €25.18 (bull), the price of €23.80 sits inside 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 34/100 (below-average quality), in the Utilities sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Engie S.A. reported revenue of €71.9B in FY2025 versus €57.9B in FY2021, a compound +5.6%/yr. Reported net income was €3.8B in FY2025, compounding +1.1%/yr from FY2021.
Key figures
Market cap €68.6B · P/E ratio 15.8 · P/S ratio 0.84 · EPS (TTM) €1.51 · Dividend yield 5.7% · Net margin 5.3% · Return on equity 11.5% · Return on assets (EBIT) 3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 45% 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 −13%, ENGI screens cheaper than that median.
Fair Value models
Bear €16.57Fair Value €20.64Bull €25.18
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.1166 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.Evidence ⓘEvidence = 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.
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.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
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. Basis: EBIT basis.
≈ +19.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.9%
Dividend (yield on the price)5.7%
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.10% vs 4%, picking up
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.8% → 12%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 66% above its own trend.
News mood ⓘNews mood, the average tone of recent news (93 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.Positive
Recent news coverage is more positive than average.
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 - Diversified · 52 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−13% · Above median
Profitability
Return on equity (TTM)12% · Above median
Return on assets3% · Above median
Net margin (TTM)5% · Below median
Operating margin (TTM)10% · Below median
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)5.7% · Top 25%
Balance sheet
Debt / equity1.22× · Above median
Valuation Multiplesvs Utilities - Diversified median · lower = cheaper
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). "Engie S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ENGI
Frequently asked questions
Is Engie S.A. (ENGI) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of €20.64 versus a price of €23.80, about −13% upside (overvalued).
What is the fair value of ENGI?
Our model-based fair value for Engie S.A. is €20.64 (as of Sep 23, 2026), built from audited fundamentals. The current price: €23.80.
What is the quality score of ENGI?
Engie S.A. has a Quality Score of 34/100. 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 Engie S.A. (ENGI)?
Our model-based price target is the fair value of €20.64 (as of Sep 23, 2026) from 15 valuation models. Cautious scenario €16.57, optimistic scenario €25.18. It is a calculation from audited fundamentals, not an analyst target.
What is the Engie S.A. stock forecast for 2026?
Our models put fair value at €20.64, about −13% upside versus a price of €23.80 (overvalued). Cautious scenario €16.57, optimistic scenario €25.18. The calculation is refreshed regularly with new filings.
What is the revenue of Engie S.A. (ENGI)?
Engie S.A. reported trailing-twelve-month revenue of about €71.9B (latest available figure, as of Sep 23, 2026).
Does Engie S.A. pay a dividend?
Engie S.A. currently shows a dividend yield of about 5.67% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Engie S.A. (ENGI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Engie S.A. it is €20.64 per share (as of Sep 23, 2026), against a price of €23.80. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Engie S.A. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ENGI trades above its calculated fair value: price €23.80, fair value €20.64, a gap of about −13% (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 ENGI?
No. The price is what the market pays today (€23.80); the fair value is what the company's own numbers justify (€20.64). For Engie S.A. the two are €3.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Engie S.A. worth?
The market values Engie S.A. at about €68.6B (market capitalisation, as of Sep 23, 2026). Per share that is €23.80; our models calculate a fair value of €20.64 per share.
What do the bullish and bearish scenarios say about ENGI?
Our models span a range for Engie S.A.: cautious scenario €16.57, base €20.64, optimistic €25.18 per share (as of Sep 23, 2026, price €23.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ENGI?
Engie S.A. trades at a price-to-earnings ratio of 15.8 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €20.64 is built from several models across several years. Other multiples: PEG 3.4, P/B 2.4, P/S 1.1, EV/EBITDA 8.0.
What is the PEG ratio of ENGI?
The PEG ratio of Engie S.A. is 3.42 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Engie S.A. (ENGI)?
Balance-sheet figures for Engie S.A. (as of Sep 23, 2026): return on equity 11.5%, debt of 1.22 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is ENGI from its 52-week high?
Engie S.A. trades at €23.80, about 16% below its 52-week high of €28.45 and 45% above the low of €16.37 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of €20.64 is for.
Which stocks are comparable to Engie S.A.?
From the same area (Utilities) we also value Iberdrola, S.A, Enel SpA, Sempra, E.ON SE, 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 Engie S.A. stock attractive at the current price?
The data as of Sep 23, 2026: price €23.80, calculated fair value €20.64 (−13%), Quality Score 34/100, 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 ENGI calculated?
We run Engie S.A. through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €20.64, 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 14.1 % above its aggregate fair value. Engie S.A. 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 Engie S.A. (ENGI)?
The closing price on Sep 22, 2026 was €23.80. Our model-based fair value is €20.64, about −13% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Engie S.A. right now?
The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Engie S.A.
How large is the market capitalisation of Engie S.A. (ENGI)?
The market capitalisation of Engie S.A. is €68.6B. 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 Engie S.A. (ENGI)?
The price-to-sales ratio of Engie S.A. is 0.84 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Engie S.A. (ENGI)?
Earnings per share at Engie S.A. are €1.51 (price ÷ EPS = P/E 15.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Engie S.A. (ENGI)?
The dividend yield of Engie S.A. is 5.7% (payout 89.4%). 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 Engie S.A. (ENGI)?
The net margin of Engie S.A. is 5.3% (fiscal year 2025). 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 Engie S.A. (ENGI)?
The return on equity (ROE) of Engie S.A. is 11.5% (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 Engie S.A. (ENGI)?
On an EBIT basis the return on assets of Engie S.A. is 3.3% (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 Engie S.A. (ENGI)?
The operating margin of Engie S.A. is 10.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Engie S.A. (ENGI)?
Revenue at Engie S.A. is growing −6.6% versus a year earlier (3y avg −8.5%). 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 Engie S.A. (ENGI)?
Earnings per share at Engie S.A. are growing −59.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Engie S.A. (ENGI) generate?
The free cash flow of Engie S.A. is −€9.5B (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 Engie S.A. (ENGI) carry?
The net debt of Engie S.A. is €43.3B (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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Sep 23, 2026