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OGE Energy Corp (OGE) Fair Value & Analysis

Utilities · US · Market cap $10.1B

OE OGE Energy Corp logo OGE Energy Corp OGE · US
Price$46.79
Fair Value$24.18
Upside-48.3%
Quality55/100
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Expensive Growth
Solidly profitable · 14.0% net margin
Moderate debt · generates free cash flow
3.43% dividend yield
Trails peers (4/15)
Moderate moat 51/100
Evidence: High Range $21.75 – $36.63 Share as image

Fair value as of: Jul 19, 2026

From 21 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from $23.69 to $24.18 (+2.1%) since Jul 17, 2026. Share price −4.6% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($36.63). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$49.95 $26.28 Fair Value $24.18 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $26.28 – $49.95 · fair‑value band $21.75 – $36.63 · the $46.79 price screens above the $24.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

OGE Energy Corp (OGE) currently trades at $46.79, while our model-based Fair Value estimate is $24.18, implying the stock looks roughly 48.3% overvalued today. We read business quality at 55/100 (solid 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, OGE Energy Corp generated revenue of $3.3B at a net margin of 14.0%. Revenue grew 0.7% year over year. It earns a return on equity of 9.6%. Net debt stands at $5.7B. Fundamentals as of Jul 19, 2026

Our scenario range runs from $21.75 (bear case) to $36.63 (bull case); at $46.79, the current price sits above 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 7% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -48%, OGE screens richer 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 $21.06 $23.14 $30.76 76
Rev-Margin DCF $2.99 $16.49 74
ROIC Compounder $6.73 $12.19 $16.96 72
All 21 models by family
DCF Models
5Y Revenue Exit $3.03 $19.35 39
5Y EBITDA Exit $10.27 $35.07 $66.92 41
5Y P/E Exit $7.29 $22.51 38
10Y Revenue Exit $5.99 36
10Y EBITDA Exit $16.08 $37.73 37
10Y P/E Exit $8.10 35
Earnings-Based
Graham-Dodd $15.51 $27.48 $33.78 54
EPV $6.73 $12.19 $16.96 59
Dividend Discount
Gordon GGM $15.21 $19.65 $24.20 70
DDM Multi-Stage $15.21 $20.70 $27.34 61
Multiples
P/E Multiple $34.21 $45.62 $57.02 63
P/S Multiple $29.08 $38.77 $48.47 58
P/B Multiple $29.08 $38.77 $48.47 55
EV/EBIT $26.28 $43.71 $61.14 53
EV/EBITDA $38.20 $59.60 $81.01 54
EV/Revenue $1.63 $13.48 $25.32 43
Asset-Based
NCAV (Graham) $12.06 $16.16 $24.12 50
Growth DCF
Rev-Margin DCF $2.99 $16.49 74
Economic Profit
Residual Income $21.06 $23.14 $30.76 76
ROIC Compounder $6.73 $12.19 $16.96 72
Growth Earnings
Growth-Adj P/E $24.20 $34.58 $44.95 68

Widest divergence: Multiples ($38.77) versus Growth DCF ($2.99). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $3.3B
Revenue growth (YoY) +0.7%
Net margin 14.0%
Return on equity 9.6%
Free cash flow $82.7M FY2025
P/E ratio 21.6
More key figures
Operating margin 14.7%
EPS (TTM) $2.25
Dividend yield 3.4%
EPS growth (YoY) -22.6%
Net debt $5.7B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 45 · Market factors (momentum, volatility) 64

Profitability 33
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 25
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 77
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

OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.

Full company description

OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. The company also provides retail electric services to approximately 913,000 customers that covers a service area of approximately 30,000 square miles. Additionally, it offers bill payment and electric construction services for residential and business sectors. OGE Energy Corp. was founded in 1902 and is based in Oklahoma City, Oklahoma.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OGE Energy Corp reported revenue of $3.3B in FY2025 versus $3.7B in FY2021, a compound −2.8%/yr. Reported net income was $471M in FY2025, compounding −10.6%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$3.3B
Latest YoY
+9.2%
Avg. growth/yr (3Y)
−1.2%
Avg. growth/yr (5Y)
+9.0%
Avg. growth/yr (40Y)
+2.8%
Revenue −2.8%/yr
FY21 $3.7B
FY22 $3.4B
FY23 $2.7B
FY24 $3.0B
FY25 $3.3B
Net income −10.6%/yr
FY21 $737M
FY22 $666M
FY23 $417M
FY24 $442M
FY25 $471M

OGE screens 48% overvalued. Compare with NextEra Energy, Inc →

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Cite: Fair Value Calculator (2026). "OGE Energy Corp Fair Value". https://www.fairvalue-calculator.com/stock/OGE

Earlier news

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

Peer Group

Utilities - Regulated Electric · 155 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 55 · Above median
Fair Value upside −48% · Bottom 25%
Return on equity (TTM) 10% · Below median
Return on assets 3% · Above median
Net margin (TTM) 14% · Above median
Operating margin (TTM) 15% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 3.4% · Above median
Debt / equity 1.08× · Higher than median

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

P/E (TTM) 21.6× · Pricier than median
P/B 2.02× · Pricier than median
P/S (TTM) 3.08× · Pricier than median
P/FCF 121.5× · Pricier than 75% of peers
EV/EBITDA 12.0× · Pricier than median
PEG 3.49× · 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 0 · sector 9
FUTURE 4 · sector 32
PAST 38 · sector 39
HEALTH 46 · sector 53
DIVIDEND 69 · sector 56

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

Insider activity: 66/100

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 - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
NextEra Energy, Inc NEE $88.80 $32.94 -63%
The Southern Company SO $95.61 $61.06 -36%
Duke Energy Corporation DUK $126.11 $97.11 -23%
National Grid plc NGG 61,175 ARS 44,377 ARS -27%
American Electric Power Company AEP $132.50 $79.33 -40%
Dominion Energy, Inc D $70.08 $46.92 -33%
NTPC Limited NTPC ₹341.85 ₹377.16 +10%
CEZ, a. s. CEZ 232.40 PLN 159.33 PLN -31%
Power Grid Corporation POWERGRID ₹283.55 ₹252.77 -11%
China National Nuclear Power Co 601985 ¥8.91 ¥7.69 -14%

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Frequently asked questions

Is OGE Energy Corp (OGE) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $24.18 versus a price of $46.79, about −48% (overvalued).
What is the fair value of OGE?
Our model-based fair value for OGE Energy Corp is $24.18 (as of Jul 19, 2026), built from audited fundamentals. The current price is $46.79.
What is the quality score of OGE?
OGE Energy Corp has a Quality Score of 55/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of OGE Energy Corp (OGE)?
OGE Energy Corp reported trailing-twelve-month revenue of about $3.3B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of OGE?
The net profit margin of OGE Energy Corp is about 14.0%, meaning it keeps roughly 14.0% of revenue as net income. Based on the latest reported figures.
Does OGE Energy Corp pay a dividend?
OGE Energy Corp currently shows a dividend yield of about 3.65% relative to its recent price (as of Jul 19, 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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