EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

E.ON SE (EOAN) fair value: what the stock is really worth

We calculate from audited financials what E.ON SE 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.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Utilities · DE · ISIN DE000ENAG999

EO E.ON SE logo Some data Sep 18, 2026

E.ON SE

EOAN · XETRA

Weakest SetupStrongly overvalued and low quality.

!Fair value €9.09 · Strongly overvalued (−48%)
!Quality 39/100
!Weak Growth (revenue 5y +5.2 %/yr)
!Thin margins · 4.5% net margin (TTM)
!High debt · negative free cash flow
·3.28% dividend yield
!Mixed vs. peers (6/14)
!Moderate moat 49/100
!Insider activity 30/100
!Evidence only medium, so the estimate is less certain
!Weak on balance sheet: 19 out of 100
Watch E.ON SE for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

€19.70 €6.38 Fair Value €9.09 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.

How to read this chart

60‑month range €6.38 – €19.70 · fair‑value band €6.44 – €11.82 · the €17.38 price screens above the €9.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 18, 2026.

Which stocks are undervalued right now? Check free Discover now →

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.

Show more

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. 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 €17.38, while our model-based Fair Value estimate is €9.09, implying the stock looks roughly 91.1% overvalued today.

Show more

Valuation

Bull case: the Multiples group reads highest at a median of €11.94 per share, and 3 of the 14 models we run sit above the €17.38 price.

Bear case: the Asset-Based group reads lowest at €4.94, and 11 of the 14 models stay below the price. Evidence for this calculation is medium.

Scenario range: €6.44 (bear) to €11.82 (bull), the price of €17.38 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 39/100 (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 €50.9B · P/E ratio 13.3 · P/S ratio 0.29 · EPS (TTM) €1.31 · Dividend yield 3.3% · Net margin 2.2% · Return on equity 15.4% · Return on assets (EBIT) 3.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (medium confidence).

What moves the price

The share trades about 12% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Utilities peers we cover trades at −34% fair-value upside, at −48%, EOAN screens richer than that median.

Fair Value models

Bear €6.44 Fair Value €9.09 Bull €11.82
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 (€0.5352 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.
Highest evidence
Residual Income €6.37 €6.95 €8.71 74
EPV €7.65 €10.70 €13.37 73
ROIC Compounder €7.67 €11.21 €15.01 69
All 14 models by family
Earnings-Based
Graham-Dodd €4.51 €7.88 €9.66 64
EPV €7.65 €10.70 €13.37 73
Dividend Discount
Gordon GGM €5.05 €6.45 €7.89 67
DDM Multi-Stage €5.05 €6.85 €9.03 65
Multiples
P/E Multiple €8.96 €11.94 €14.93 63
P/S Multiple €8.46 €11.28 €14.10 58
P/B Multiple €8.46 €11.28 €14.10 55
EV/EBIT €14.09 €22.34 €30.59 64
EV/EBITDA €16.70 €25.82 €34.93 66
EV/Revenue €9.37 €17.94 €26.52 51
Asset-Based
NCAV (Graham) €3.69 €4.94 €7.37 54
Economic Profit
Residual Income €6.37 €6.95 €8.71 74
ROIC Compounder €7.67 €11.21 €15.01 69
Growth Earnings
Growth-Adj P/E €6.37 €9.09 €11.82 65

Open the full fair value analysis →

Notify me when EOAN reaches fair value

Put EOAN on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 39/100

Of which business quality 37 · Market factors (momentum, volatility) 57

Profitability 29
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 81
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 36/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−1.8%
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.
−12.0%
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.
+5.2%
Revenue growth 28 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.
+2.3%
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.
+2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)3.3%
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.3% → 7%
⚠ Revenue per share shrinking 6.3%/yr over ~10Y (margin trend unclear) ⓘ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.

EOAN screens 91% overvalued. Compare with Iberdrola, S.A →

Compare E.ON SE with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 39 · Below median
Fair Value upside −33% · Below median
Profitability
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 18% · Above median
Growth and dividend
Revenue growth −13% · Bottom 25%
Dividend yield (TTM) 3.3% · Below median
Balance sheet
Debt / equity 1.63× · Highest 25%

Valuation Multiplesvs Utilities - Diversified median · lower = cheaper

P/E (TTM) 13.3× · Cheaper than median
P/B 3.07× · Priciest 25%
P/S (TTM) 0.77× · Cheaper than median
EV/EBITDA 9.0× · Pricier than median
PEG 1.05× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 5
FUTURE (revenue growth)0 · sector 6
PAST (return on equity)61 · sector 37
HEALTH (low debt)19 · sector 48
DIVIDEND (yield)66 · sector 79

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

Context: sector, industry, market

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 - Diversified stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Iberdrola, S.A IBE €20.24 €8.00 −60%
Enel SpA ENEL €8.90 €3.71 −58%
Engie SA ENGI €24.25 €20.64 −15%
Sempra SRE $81.70 $43.35 −47%
RWE Aktiengesellschaft generates and RWE €60.62 €47.21 −22%
ACWA Power Company 2082 181.50 SAR 27.47 SAR −85%
Brookfield Infrastructure Partners L.P. BIPUN C$51.08 C$59.52 +17%
EnBW Energie Baden-Württemberg AG EBK €68.40 €21.11 −69%
EDP, S.A EDP €4.85 €3.81 −21%
Origin Energy Limited ORG A$11.74 A$7.70 −34%

Explore undervalued stocks

More undervalued Utilities stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

E.ON SE · Fair Value
€9.09 −91%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "E.ON SE Fair Value". https://www.fairvalue-calculator.com/stock/EOAN

Frequently asked questions

Is E.ON SE (EOAN) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of €9.09 versus a price of €17.38, about −48% upside (overvalued).
What is the fair value of EOAN?
Our model-based fair value for E.ON SE is €9.09 (as of Sep 18, 2026), built from audited fundamentals. The current price: €17.38.
What is the quality score of EOAN?
E.ON SE has a Quality Score of 39/100. 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 E.ON SE (EOAN)?
Our model-based price target is the fair value of €9.09 (as of Sep 18, 2026) from 14 valuation models. Cautious scenario €6.44, optimistic scenario €11.82. It is a calculation from audited fundamentals, not an analyst target.
What is the E.ON SE stock forecast for 2026?
Our models put fair value at €9.09, about −48% upside versus a price of €17.38 (overvalued). Cautious scenario €6.44, optimistic scenario €11.82. The calculation is refreshed regularly with new filings.
What is the revenue of E.ON SE (EOAN)?
E.ON SE reported trailing-twelve-month revenue of about €77.0B (latest available figure, as of Sep 18, 2026).
Does E.ON SE pay a dividend?
E.ON SE currently shows a dividend yield of about 3.28% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of E.ON SE (EOAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E.ON SE it is €9.09 per share (as of Sep 18, 2026), against a price of €17.38. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is E.ON SE stock overvalued or undervalued in 2026?
As of Sep 18, 2026, EOAN trades above its calculated fair value: price €17.38, fair value €9.09, a gap of about −48% (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 EOAN?
No. The price is what the market pays today (€17.38); the fair value is what the company's own numbers justify (€9.09). For E.ON SE the two are €8.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is E.ON SE worth?
The market values E.ON SE at about €50.9B (market capitalisation, as of Sep 18, 2026). Per share that is €17.38; our models calculate a fair value of €9.09 per share.
What do the bullish and bearish scenarios say about EOAN?
Our models span a range for E.ON SE: cautious scenario €6.44, base €9.09, optimistic €11.82 per share (as of Sep 18, 2026, price €17.38). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EOAN?
E.ON SE trades at a price-to-earnings ratio of 13.3 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €9.09 is built from several models across several years. Other multiples: PEG 1.1, P/B 3.1, P/S 0.8, EV/EBITDA 9.0.
What is the PEG ratio of EOAN?
The PEG ratio of E.ON SE is 1.05 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of E.ON SE (EOAN)?
Balance-sheet figures for E.ON SE (as of Sep 18, 2026): return on equity 15.4%, debt of 1.63 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is EOAN from its 52-week high?
E.ON SE trades at €17.38, about 12% below its 52-week high of €19.79 and 23% above the low of €14.17 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of €9.09 is for.
Which stocks are comparable to E.ON SE?
From the same area (Utilities) we also value Iberdrola, S.A, Enel SpA, Engie SA, Sempra, 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 E.ON SE stock attractive at the current price?
The data as of Sep 18, 2026: price €17.38, calculated fair value €9.09 (−48%), Quality Score 39/100, from 14 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 EOAN calculated?
We run E.ON SE through 14 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 €9.09, 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 16.1 % above its aggregate fair value. E.ON SE 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 E.ON SE (EOAN)?
The closing price on Sep 21, 2026 was €17.38. Our model-based fair value is €9.09, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E.ON SE right now?
The price sits above even our optimistic bull case (€11.82). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (€6.44 to €11.82) leaves room in how you read the outcome.

Key figures of E.ON SE

How large is the market capitalisation of E.ON SE (EOAN)?
The market capitalisation of E.ON SE is €50.9B. 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 E.ON SE (EOAN)?
The price-to-sales ratio of E.ON SE is 0.29 (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 E.ON SE (EOAN)?
Earnings per share at E.ON SE are €1.31 (price ÷ EPS = P/E 13.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of E.ON SE (EOAN)?
The dividend yield of E.ON SE is 3.3% (payout 43.5%). 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 E.ON SE (EOAN)?
The net margin of E.ON SE is 2.2% (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 E.ON SE (EOAN)?
The return on equity (ROE) of E.ON SE is 15.4% (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 E.ON SE (EOAN)?
On an EBIT basis the return on assets of E.ON SE is 3.2% (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 E.ON SE (EOAN)?
The operating margin of E.ON SE is 17.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at E.ON SE (EOAN)?
Revenue at E.ON SE is growing −13.4% versus a year earlier (3y avg −12.0%). 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 E.ON SE (EOAN)?
Earnings per share at E.ON SE are growing +321% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does E.ON SE (EOAN) generate?
The free cash flow of E.ON SE is −€937M (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 E.ON SE (EOAN) carry?
The net debt of E.ON SE is €37.6B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch E.ON SE in the live analysis

One click puts E.ON SE on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.