Exelon Corporation (EXC) Stock Valuation — PE Analysis
Regulated Electric · NASDAQ
Current Price
$47.03
PE Ratio (TTM)
17.2x
Intrinsic Value
$50.86
+7.5% margin of safety
COMPETITIVE MOAT
↑Regulated Monopoly Territory
Exelon operates in regulated utility territories, granting it a de facto monopoly. This insulates it from direct competition for electricity distribution and transmission services within its service areas.
↑High Capital Intensity & Infrastructure
The immense cost and complexity of building and maintaining electric grids create a significant barrier to entry. Exelon's established infrastructure represents a substantial, difficult-to-replicate asset.
↑Essential Service & Customer Inertia
Electricity is a non-discretionary service, ensuring consistent demand. Customers face high switching costs and inconvenience, leading to strong inertia and customer retention.
INVESTMENT RISKS
↓Extreme Weather Events
Severe weather events, like those recently experienced, can cause widespread outages, leading to significant restoration costs and potential reputational damage if not managed effectively.
↓Supply Chain Constraints
Surging demand for critical grid equipment, such as transformers, driven by data centers, can lead to supply shortages and increased costs, impacting project timelines and profitability.
↓Interest Rate Sensitivity
As a capital-intensive utility, Exelon relies on debt financing. Rising interest rates increase borrowing costs, potentially impacting its ability to fund necessary infrastructure investments.
Base case
EXC base case PE valuation
A base case PE valuation for EXC estimates a fair value of about $50.86 per share, against a current price of $47.03. The model assumes 6.2% annual earnings growth, a 17x target PE multiple, and a 10% discount rate.
Intrinsic Value
$50.86
Margin of safety
+7.5%
Expected annual return
+1.6%
Base case assumptions: 6.2% annual earnings growth, 17x target PE, 10% discount rate, 5 year projection. Data as of 2026-07-29.
This base case uses default assumptions and is not financial advice. The fair value changes significantly when the target PE or earnings growth rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Customize the EXC PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for Exelon Corporation respond.
Open PE Calculator for EXCCompany Overview
Exelon Corporation, a utility holding company established in 1999 and headquartered in Chicago, Illinois, operates across the United States and Canada. The company primarily focuses on the generation, delivery, and marketing of energy. It maintains a diverse portfolio of power production facilities, utilizing nuclear, fossil fuel, wind, hydroelectric, biomass, and solar technologies. Exelon engages in the sale of electricity to both wholesale and retail clients, while also providing natural gas, renewable energy solutions, and various other energy-related products and services. Beyond generation, the corporation manages the regulated procurement and direct sale of electricity and natural gas to consumers, alongside overseeing the essential transmission and distribution infrastructure for both power and natural gas. To support its extensive operations, Exelon provides a wide array of internal services, including legal counsel, human resources, information technology, financial management, supply chain, accounting, engineering, customer support, infrastructure planning, asset management, system operations, and power acquisition. The company caters to a broad customer base, which includes distribution utilities, municipal entities, cooperatives, financial institutions, and commercial, industrial, governmental, and residential sectors.
Financial Metrics — EXC PE Stock Valuation Data
PE Ratio (TTM)
17.2x
PEG Ratio
9.23
Earnings Yield
5.77%
ROE (TTM)
9.8%
Revenue/Share (TTM)
$24.21
Dividend Yield
3.49%
Debt/Equity
1.76x
Frequently Asked Questions
What is the PE ratio of EXC?
The trailing twelve-month PE ratio of EXC reflects how much investors pay per dollar of Exelon Corporation's earnings. This metric is most useful when compared to Regulated Electric peers and the company's own historical range.
Is EXC overvalued based on PE ratio?
EXC's PE of 17.2x combined with a PEG ratio of 9.23 provides a growth-adjusted perspective. A PEG above 2.0 means the P/E is high relative to the earnings growth rate. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical Regulated Electric, a DCF analysis may be more appropriate.
How do I value EXC stock using PE ratio?
To value Exelon Corporation using PE: (1) Compare the current PE (17.2x) against the Regulated Electric median to assess relative pricing, (2) check the PEG ratio (9.23) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of EXC?
EXC's PEG ratio is 9.23, calculated by dividing the PE ratio (17.2x) by the expected earnings growth rate. A PEG above 2.0 means the P/E is high relative to the expected earnings growth rate. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for EXC stock valuation?
PE ratio gives a quick relative read — how EXC is priced versus Regulated Electric peers. DCF provides an absolute value based on projected free cash flows. For the most reliable valuation, use PE as a quick comparability screen and DCF for a deeper fundamental analysis. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See EXC DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Utilities valuationsP/E and DCF value EXC with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-07-29. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.