PPL Corporation (PPL) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of PPL Corporation stock $19.07, price $36.00, that is 47.0% below the price, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 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. As of Nov 4, 2026.
How to read this chart
60‑month range $20.42 – $39.17 · fair‑value band $16.27 – $30.21 · the $36.00 price screens above the $19.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated.
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The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island; sale of wholesale electricity in Kentucky; and generation of electricity from power plants in Kentucky.
It generates electricity from coal, gas, hydro, and solar sources. The company was formerly known as PP&L Resources, Inc. and changed its name to PPL Corporation in 2000. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
Stock analysis
PPL Corporation (PPL) currently trades at $36.00, while our model-based Fair Value estimate is $19.07, 47% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $23.24 per share, and 0 of the 15 models we run sit above the $36.00 price.
Bear case: the Earnings-Based group reads lowest at $7.16, and 15 of the 15 models stay below the price. Data coverage for this calculation is high.
Scenario range: $16.27 (bear) to $30.21 (bull), the price of $36.00 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 46/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
PPL Corporation reported revenue of $9.0B in FY2025 versus $5.8B in FY2021, a compound +11.8%/yr. Reported net income was $1.2B in FY2025.
Key figures
Market cap $27.3B Large · P/E ratio 21.3 · P/S ratio 2.90 · EPS (TTM) $1.69 · Dividend yield 3.1% · Net margin 13.5% · Return on equity 8.6% · Return on assets (EBIT) 4.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (medium confidence).
What moves the price
The share trades about 8% 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 −38% fair-value upside, at −47%, PPL screens richer than that median.
Fair Value models
Bear$16.27Fair Value $19.07Bull$30.21
Price $36.00 · Downside -47.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4884 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
In the last 6 months, 2 officers or directors sold shares worth $440,538 and none bought.
SaleWendy E StarkEVP & CLO5,406 shares at $35.11$189,805Oct 15, 202610b5-1 plan
SaleJohn Gregory CornettPresident of a PPL Subsidiary7,051 shares at $35.56$250,734Jun 12, 202610b5-1 plan
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
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.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+6.9%
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.
+4.6%
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.
+10.6%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 10 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.
+1.7%
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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: adjusted.
−0.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.7%
Dividend (yield on the price)3.1%
Per share before 2015divided by the spin-off factor 1.0737
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.−5.8% vs −4.2%, steady
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.29% → 24%
AI conclusion: The business shows moderate durability through a typical regulated utility profile while its main weakness remains high leverage combined with negative free cash flow.
Main risk: Regulators in Pennsylvania could tighten rules on cost allocation for data center infrastructure, potentially exposing the company to higher costs or delays in serving new loads.
Bull case: The company could strengthen its large-load tariffs through settlements and partnerships to ensure data centers bear their costs while expanding regulated investments.
Bear case: Ongoing regulatory disputes might delay interconnections or force unfavorable cost shifts, slowing the growth from new generation and grid projects.
PPL's joint venture with Blackstone has secured sites and turbine reservations that could support over 5 GW of new gas-fired generation for data centers in Pennsylvania. This setup lets the company pursue large-load growth outside its regulated rate base while using service agreements to shield existing customers from added costs. Our models currently see the stock as overvalued. Will the JV's projects scale fast enough to drive meaningful earnings upside, or will regulatory and execution hurdles limit the benefit?
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 - Regulated Electric · 156 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−47.0% · Below median
Profitability
Return on equity (12 months)8.6% · Below median
Return on assets2.6% · Below median
Net margin (12 months)13.5% · Above median
Operating margin (12 months)23.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)4.2% · Below median
Dividend yield (12 months)3.1% · Below median
Balance sheet
Debt / equity1.21× · Above median
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/E (12 months)21.3× · Pricier than median
P/B1.83× · Pricier than median
P/S (12 months)2.90× · Pricier than median
EV/EBITDA11.8× · Pricier than median
PEG1.18× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)21· sector 22
PAST (return on equity)35· sector 39
HEALTH (low debt)40· sector 52
DIVIDEND (yield)62· sector 63
VALUE 0: the price sits above our fair-value range.
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). "PPL Corporation Fair Value". https://www.fairvalue-calculator.com/stock/PPL
Frequently asked questions
Is PPL Corporation (PPL) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $19.07 versus a price of $36.00, about 47% lower (overvalued).
What is the fair value of PPL?
Our model-based fair value for PPL Corporation is $19.07 (as of Nov 4, 2026), built from audited fundamentals. The current price: $36.00.
What is the quality score of PPL?
PPL Corporation 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 PPL Corporation (PPL)?
Our model-based price target is the fair value of $19.07 (as of Nov 4, 2026) from 15 valuation models. Cautious scenario $16.27, optimistic scenario $30.21. It is a calculation from audited fundamentals, not an analyst target.
What is the PPL Corporation stock forecast for 2026?
Our models put fair value at $19.07, about 47% lower versus a price of $36.00 (overvalued). Cautious scenario $16.27, optimistic scenario $30.21. The calculation is refreshed regularly with new filings.
What is the revenue of PPL Corporation (PPL)?
PPL Corporation reported trailing-twelve-month revenue of about $9.4B (latest available figure, as of Nov 4, 2026).
Does PPL Corporation pay a dividend?
PPL Corporation currently shows a dividend yield of 3.10% relative to its recent price (as of Nov 4, 2026).
What is the intrinsic value of PPL Corporation (PPL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PPL Corporation it is $19.07 per share (as of Nov 4, 2026), against a price of $36.00. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is PPL Corporation stock overvalued or undervalued in 2026?
As of Nov 4, 2026, PPL trades above its calculated fair value: price $36.00, fair value $19.07, a gap of about −47% (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 PPL?
No. The price is what the market pays today ($36.00); the fair value is what the company's own numbers justify ($19.07). For PPL Corporation the two are $16.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is PPL Corporation worth?
The market values PPL Corporation at about $27.3B (market capitalisation, as of Nov 4, 2026). Per share that is $36.00; our models calculate a fair value of $19.07 per share.
What do the bullish and bearish scenarios say about PPL?
Our models span a range for PPL Corporation: cautious scenario $16.27, base $19.07, optimistic $30.21 per share (as of Nov 4, 2026, price $36.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PPL?
PPL Corporation trades at a price-to-earnings ratio of 21.3 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $19.07 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2021, FY2022, FY2023 ex one-offs: 20.5. Other multiples: PEG 1.2, P/B 1.8, P/S 2.9, EV/EBITDA 11.8.
What is the PEG ratio of PPL?
The PEG ratio of PPL Corporation is 1.18 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of PPL Corporation (PPL)?
Balance-sheet figures for PPL Corporation (as of Nov 4, 2026): return on equity 8.6%, debt of 1.21 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is PPL from its 52-week high?
PPL Corporation trades at $36.00, about 8% below its 52-week high of $39.17 and 13% above the low of $31.97 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $19.07 is for.
Which stocks are comparable to PPL Corporation?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, 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 PPL Corporation stock attractive at the current price?
The data as of Nov 4, 2026: price $36.00, calculated fair value $19.07 (−47%), Quality Score 46/100, 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 PPL calculated?
We run PPL Corporation 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 $19.07, 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 15.5% above its aggregate fair value. PPL Corporation 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 PPL Corporation (PPL)?
The closing price on Nov 5, 2026 was $36.00. Our model-based fair value is $19.07, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PPL Corporation right now?
The price sits above even our optimistic bull case ($30.21). The favourable scenario is already priced in. Weak quality (46/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($16.27 to $30.21) leaves room in how you read the outcome.
Where does the earnings growth of PPL Corporation (PPL) come from?
Earnings per share at PPL Corporation grew −5.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.2 %, EBIT margin −6.1 %, tax rate +1.4 %, residual (interest, one-offs) −1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of PPL Corporation
How large is the market capitalisation of PPL Corporation (PPL)?
The market capitalisation of PPL Corporation is $27.3B. 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 PPL Corporation (PPL)?
The price-to-sales ratio of PPL Corporation is 2.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PPL Corporation (PPL)?
Earnings per share at PPL Corporation are $1.69 (price ÷ EPS = P/E 21.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PPL Corporation (PPL)?
The dividend yield of PPL Corporation is 3.1% (payout 66.0%). 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 PPL Corporation (PPL)?
The net margin of PPL Corporation is 13.5% (last twelve months). 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 PPL Corporation (PPL)?
The return on equity (ROE) of PPL Corporation is 8.6% (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 PPL Corporation (PPL)?
On an EBIT basis the return on assets of PPL Corporation is 4.2% (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 PPL Corporation (PPL)?
The operating margin of PPL Corporation is 23.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PPL Corporation (PPL)?
Revenue at PPL Corporation is growing +4.2% versus a year earlier (3y avg +4.6%). 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 PPL Corporation (PPL)?
Earnings per share at PPL Corporation are growing +21.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PPL Corporation (PPL) generate?
The free cash flow of PPL Corporation is −$1.4B (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 PPL Corporation (PPL) carry?
The net debt of PPL Corporation is $18.3B (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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Broad data
Nov 4, 2026