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Data-driven stock valuation

Southern Company (The) Series 2 (SOJE) fair value: what the stock is really worth

We calculate from audited financials what Southern Company (The) Series 2 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 $65.7B · ISIN US8425878837

At a glance

SC Southern Company (The) Series 2 logo Southern Company (The) Series 2 SOJE · US
Price$15.92
Fair Value$16.27
Upside+2.2%
Quality44/100

Below-average quality, currently priced close to our fair value of $16.27.

As of Aug 27, 2026, the fair value of Southern Company (The) Series 2 is $16.27 per share against a price of $15.92, so the fair value sits 2% above the price. A model estimate from reported figures, not an analyst target.

!Expensive Growth (revenue 5y +7.7 %/yr)
!Thin margins · 0.0% net margin
!Moderate debt · negative free cash flow
·5.94% dividend yield
!Trails peers (4/11)
Wide moat 71/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range $10.13 to $21.15

Fair value as of: Aug 27, 2026

From 13 valuation models · updated 11 days ago

Fair value updated Aug 27, 2026, revised from $16.36 to $16.27 (−0.6%) since Aug 13, 2026. Share price −3.7% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range ($10.13 to $21.15) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

$20.46 $14.25 Fair Value $16.27 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range $14.25 – $20.46 · fair‑value band $10.13 – $21.15 · the $15.92 price screens below the $16.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

Southern Company (The) Series 2 (SOJE) currently trades at $15.92, while our model-based Fair Value estimate is $16.27, implying the stock looks roughly 2.2% fairly valued today. The Quality Score stands at 44/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of $16.04 per share, and 6 of the 13 models we run sit above the $15.92 price. Bear case: the Asset-Based group reads lowest at $5.85, and 7 of the 13 models stay below the price. Evidence for this calculation is low.

It earns a return on equity of 12.0%. Net debt stands at $64.2B. Fundamentals as of Aug 27, 2026

Scenario range: $10.13 (bear) to $21.15 (bull), the price of $15.92 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 16% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −10% fair-value upside, at 2%, SOJE screens cheaper than that median.

Fair Value models

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
EPV $4.39 $6.87 $9.04 72
Residual Income $8.09 $9.60 $19.33 72
ROIC Compounder $4.39 $6.87 $9.31 71
All 13 models by family
Earnings-Based
Graham-Dodd $7.15 $18.63 $24.30 65
PEG = 1.0 $3.54 $5.06 $6.58 57
EPV $4.39 $6.87 $9.04 72
Multiples
P/E Multiple $14.20 $18.93 $23.66 63
P/S Multiple $13.41 $17.88 $22.35 58
P/B Multiple $11.78 $15.70 $19.63 55
EV/EBIT $9.35 $15.95 $22.56 64
EV/EBITDA $13.70 $21.75 $29.81 66
EV/Revenue $2.06 $7.43 $12.80 49
Asset-Based
NCAV (Graham) $4.36 $5.85 $8.72 54
Economic Profit
Residual Income $8.09 $9.60 $19.33 72
ROIC Compounder $4.39 $6.87 $9.31 71
Growth Earnings
Growth-Adj P/E $11.23 $16.04 $20.85 67

Widest divergence: Growth Earnings ($16.04) versus Asset-Based ($5.85). Highest evidence: EPV (72).

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Key figures & financial health

Dividend yield 5.9%
Net margin 14.7% FY2025
Return on equity 12.0% TTM
Return on assets (EBIT) 4.1% avg 5y
Free cash flow −$3.6B FY2025
Net debt $64.2B FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 41 · Market factors (momentum, volatility) 46

Profitability 32
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 71
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Southern Company (The) Series 2 reported revenue of $29.6B in FY2025 versus $23.1B in FY2021, a compound +6.3%/yr. Reported net income was $4.3B in FY2025, compounding +15.9%/yr from FY2021.

Growth Quality 42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$29.6B
Latest YoY
+10.6%
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.
+0.3%
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.
+7.7%
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.
+3.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+11.6%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+5.7%
Dividend yield5.9%
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 5.7% vs 10Y 4.5%, 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.24.0% (2020) → 24.6% (2025) · steady
Worst earnings drop69% (2017) · in USD
Revenue +6.3%/yr
FY21 $23.1B
FY22 $29.3B
FY23 $25.3B
FY24 $26.7B
FY25 $29.6B
Net income +15.9%/yr
FY21 $2.4B
FY22 $3.5B
FY23 $4.0B
FY24 $4.4B
FY25 $4.3B

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Cite: Fair Value Calculator (2026). "Southern Company (The) Series 2 Fair Value". https://www.fairvalue-calculator.com/stock/SOJE

Earlier news

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

Peer Group

Utilities · 669 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Electric Utilities” was too small, so the broader sector is used.)

Valuation
Quality Score 44 · Below median
Fair Value upside +2% · Above median
Profitability
Return on equity (TTM) 12% · Above median
Return on assets 0% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Growth and dividend
Revenue growth 0% · Below median
Dividend yield (TTM) 5.9% · Top 25%
Balance sheet
Debt / equity 1.25× · Above median

Valuation Multiples vs Utilities median · lower = cheaper

P/B 1.82× · Pricier than median
EV/EBITDA 7.6× · Cheaper 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
VALUE36 · sector 12
FUTURE0 · sector 3
PAST48 · sector 31
HEALTH38 · sector 67
DIVIDEND100 · sector 62

Insider activity: 40/100

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 Electric Utilities stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
Georgia Power Company GPJA $20.21 $21.48 +6%
Entergy Mississippi, Inc EMP $19.75 $22.54 +14%
Entergy New Orleans, LLC ENJ $19.38 $22.23 +15%
Gujarat Industries Power Company 517300 ₹175.70 ₹191.57 +9%
VEERENRGY VEERENRGY ₹14.68 ₹2.22 −85%
Veer Energy & Infrastructure Limited 503657 ₹14.30 ₹3.02 −79%
NextEra Energy, Inc NEE $83.43 $32.94 −61%
Iberdrola, S.A IBE €19.89 €8.45 −58%
Enel SpA ENEL €9.42 €4.82 −49%
China Yangtze Power Co 600900 ¥27.96 ¥25.13 −10%

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Frequently asked questions

Is Southern Company (The) Series 2 (SOJE) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of $16.27 versus a price of $15.92, about +2% upside (fairly valued).
What is the fair value of SOJE?
Our model-based fair value for Southern Company (The) Series 2 is $16.27 (as of Aug 27, 2026), built from audited fundamentals. The current price: $15.92.
What is the quality score of SOJE?
Southern Company (The) Series 2 has a Quality Score of 44/100. 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 Southern Company (The) Series 2 (SOJE)?
Our model-based price target is the fair value of $16.27 (as of Aug 27, 2026) from 13 valuation models. Cautious scenario $10.13, optimistic scenario $21.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Southern Company (The) Series 2 stock forecast for 2026?
Our models put fair value at $16.27, about +2% upside versus a price of $15.92 (fairly valued). Cautious scenario $10.13, optimistic scenario $21.15. The calculation is refreshed regularly with new filings.
What is the net profit margin of SOJE?
The net profit margin of Southern Company (The) Series 2 is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Southern Company (The) Series 2 pay a dividend?
Southern Company (The) Series 2 currently shows a dividend yield of about 5.94% relative to its recent price (as of Aug 27, 2026).
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