Utilities · Electric Utilities · US stock · price as of 22 Oct 2026
Key indicators
Price
$57.90
52-week range
$51.10 – $81.62
Market cap
$22.4B
P/E (trailing)
6.3×
EV / EBITDA
6.8×
Free-cash-flow yield
−2.9%
Dividend yield
6.1%
Revenue (last 12 months)
$19.6B
Revenue growth (3y a year)
3.9%
Operating margin
30.8%
Return on invested capital
8.2%
Net debt / EBITDA
4.4×
Fair value
Fair value (average of valid models)$83.50 middle half of models $78 – $86
Versus priceUndervalued+44% to fair value
P/E multiple
$81.78
P/B multiple
$66.86
P/S multiple
$82.59
EV/revenue multiple
$73.12
10-year DCF, EBITDA exit
$98.00
5-year DCF, EBITDA exit
$104.22
10-year DCF, revenue exit
$80.25
5-year DCF, revenue exit
$81.22
Model uncertainty
High
X-Ray Score
71/ 100 · Medium confidence · ahead of 97% of sector peers
Valuation90
Growth70
Profitability56
Financial health68
Dividends70
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Edison International is a holding company whose main business is Southern California Edison, a regulated electric utility serving much of southern California. The utility generates, buys, transmits and distributes power to homes and businesses, and it earns revenue from rates approved by state regulators that are designed to recover costs and allow a return on invested capital. Wildfire risk and related liabilities are a significant feature of its operating environment.
Revenue over the last twelve months was $19.6 billion, and it expanded at 3.9% a year across three years. The business shows an operating margin of 30.8% and a return on invested capital of 8%. Leverage, measured as net debt to EBITDA, is 4.4 times. A dividend is paid, with a yield of 6.1%.
StocksXray gives Edison International an X-Ray Score of 71 out of 100 (medium confidence), ahead of 97% of the S&P 500 stocks in its sector. Its strongest lens is valuation (90) and its weakest is profitability (56).
Our fair value (the average of the valid models) is $83.50 (range $78.46 to $86.44). At $57.90 the stock trades 31% below that value, so the label is "Undervalued" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Edison International (EIX)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$54.18
$52.79
$61.96
$71.40
$56.82
$57.90
Market cap
$20.6B
$20.2B
$23.9B
$27.7B
$21.9B
$22.4B
P/E
27.1×
33.0×
19.9×
21.6×
4.9×
6.3×
EV / revenue
3.2×
3.0×
3.5×
3.6×
3.2×
3.3×
EV / EBITDA
12.7×
12.4×
10.9×
11.1×
6.0×
6.8×
Price / free cash flow
–
–
–
–
–
–
Free-cash-flow yield
−26.7%
−12.7%
−8.6%
−2.5%
−3.3%
−2.9%
Price / book
1.3×
1.3×
1.5×
1.8×
1.2×
1.3×
Dividend yield
4.96%
5.38%
4.83%
4.44%
5.91%
6.07%
Fundamentals checklist ● 9 Good · ● 4 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.6%Bad
Free-cash-flow yield−2.9%Good
Risk models
Altman Z score0.9×Average
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)93.3%Good
Revenue growth (3y)3.9%Good
Growth consistency80%Average
Balance sheet
Current ratio0.7×Average
Net debt / EBITDA4.4×Good
Interest cover3.4×Good
Valuation
Fair value vs price1.4×Good
EBIT / EV yield9.5%Good
Profitability
Return on invested capital8.2%Good
Operating margin30.8%Good
XStocksXray
Edison International (EIX)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
14,905
17,220
16,338
17,599
19,317
19,609
Gross profit
–
–
–
–
–
–
Operating income
1,477
1,483
2,627
2,930
7,093
6,033
Net income
925
824
1,197
1,284
4,459
3,554
Diluted EPS ($)
2.00
1.60
3.11
3.31
11.55
9.20
Free cash flow
-5,494
-2,562
-2,047
-693
-715
-643
Gross margin
–
–
–
–
–
–
Operating margin
9.9%
8.6%
16.1%
16.6%
36.7%
30.8%
Net margin
6.2%
4.8%
7.3%
7.3%
23.1%
18.1%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
74,745
78,041
81,758
85,579
94,026
94,475
Cash
390
914
345
193
158
168
Total debt
27,601
31,654
34,090
36,581
40,388
41,549
Equity
15,888
15,621
15,501
15,565
17,579
17,320
Dividend per share ($)
2.69
2.84
2.99
3.17
3.36
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
