ComEd operates as a regulated utility, granting it a de facto monopoly in its service territories. This limits direct competition and ensures a stable customer base for essential services.

↑Essential Service Demand

Electricity is a fundamental necessity for modern life and industry. Exelon's services are non-discretionary, creating consistent and predictable demand regardless of economic cycles.

↑Large Scale Infrastructure

Exelon possesses extensive and costly-to-replicate transmission and distribution networks. Building similar infrastructure would be prohibitively expensive for any potential competitor.

INVESTMENT RISKS

↓Regulatory Scrutiny and Rate Cases

As a regulated entity, Exelon is subject to government oversight and rate-setting decisions. Unfavorable regulatory outcomes can impact profitability and investment returns.

↓Rising Operating Costs

Increasing costs for power supply, as seen with PJM, can pressure margins. Exelon's ability to pass these costs to consumers is subject to regulatory approval.

↓Energy Transition and Capital Needs

The shift to renewables requires significant capital investment. Exelon must balance these investments with maintaining affordability for customers and shareholders.

Base case

EXC base case PE valuation

A base case PE valuation for EXC estimates a fair value of about $50.95 per share, against a current price of $46.21. The model assumes 6.2% annual earnings growth, a 17x target PE multiple, and a 10% discount rate.

Intrinsic Value

$50.95

Margin of safety

+9.3%

Expected annual return

+2.0%

Base case assumptions: 6.2% annual earnings growth, 17x target PE, 10% discount rate, 5 year projection. Data as of 2026-06-12.

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 EXC

Or try DCF Valuation for EXC →

Company 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)

17.0x

PEG Ratio

9.16

Earnings Yield

5.87%

ROE (TTM)

9.8%

Revenue/Share (TTM)

$24.21

Dividend Yield

3.55%

Debt/Equity

1.75x

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 17.0x combined with a PEG ratio of 9.16 provides a growth-adjusted perspective. A PEG above 2.0 suggests EXC may be richly valued even accounting for growth. 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 (17.0x) against the Regulated Electric median to assess relative pricing, (2) check the PEG ratio (9.16) 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 9.16, calculated by dividing the PE ratio (17.0x) by the expected earnings growth rate. A PEG above 2.0 often signals the stock is priced aggressively relative to its growth trajectory. 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

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P/E and DCF value EXC with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.

Price as of 2026-06-12. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.

This is an estimate, not investment advice.