Public Service Enterprise Group Inc (PEG)
Utilities · Electric Utilities · US stock · S&P 500 component
$72.72
▲ +1.72 (2.42%)
Fair valueFair
$64 −11.6% to fair value
$32fair band $55–$78$96
Day's range
$71.00 – $72.77
52-week range
$66.15 – $87.63
Red flags⚠ Dividend may be at risk⚠ Dividend may be at risk⚠ Dividend may be at risk⚠ Dividend may be at risk⚠ Dividend may be at risk
About Public Service Enterprise Group Inc
Public Service Enterprise Group is a holding company whose main business is PSE&G, a regulated utility delivering electricity and natural gas to customers in New Jersey. It also owns PSEG Power, which operates nuclear generation and sells electricity into wholesale markets. Revenue comes mainly from regulated delivery rates approved by the state, together with sales of power from its generation fleet.
Revenue of $13.0 billion was recorded for the latest twelve months; sales expanded at 2.7% a year across three years. Public Service Enterprise Group Inc converts that into an operating margin of 22.3%. Return on invested capital comes to 6%. Leverage, measured as net debt to EBITDA, is 8.4 times. The company pays a dividend with a yield of 3.6%, and the X-Ray Score is 54 out of 100.
Price chart
52-wk range $66.15 – $87.63Volume 2,763,979Daily, split-adjusted
Vitals
Market cap$36.3B
52-week range$66.15 – $87.63
Volume (last day)2,763,979
P/E (TTM)18.1
EBIT / EV yield4.8%
Free-cash-flow yield0.8%
Dividend yield3.6%
Revenue (TTM)$13.0B
Net income (TTM)$2.0B
Operating margin22.3%
Return on capital6.2%
Debt incl. leases$24.5B
Cash & securities$192M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$64middle half of models $60 – $74
Fair
−11.6% to fair value
Average of the 12 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $73
Undervalued < $55Fair $55 – $78Overvalued > $78
P/E multiple
$74
P/B multiple
$77
P/S multiple
$75
EV/EBITDA multiple
$68
EV/EBIT multiple
$76
EV/revenue multiple
$72
10-year DCF, EBITDA exit
$40
5-year DCF, EBITDA exit
$63
10-year DCF, revenue exit
$44
5-year DCF, revenue exit
$65
10-year DCF, growth exit · not used
$28
5-year DCF, growth exit
$50
Dividend discount, stable · not used
$183
Dividend discount, multi-stage · not used
$334
Earnings power value
$67
Growth the price implies
10.0%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Utilities peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
48/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.8%
Free-cash-flow yield0.8%
Fair value vs price0.9×
Growth
Fair
63/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)2.7%
EPS growth (3y)27.0%
Growth consistency70%
Profitability
Weak
45/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.2%
Operating margin22.3%
Financial health
Fair
66/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA8.4×
Interest cover2.7×
Dividends
Weak
47/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield3.6%
Dividends vs free cash flow477%
Dividend growth5.2%
Quarterly results: last 6 quarters
+22.7%
Mar '25
+15.8%
Jun '25
+22.1%
Sep '25
+18.3%
Dec '25
+22.7%
Mar '26
-2.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.7B, diluted EPS $0.67.
Compare with peers
EIX Edison International71 ES Eversource Energy65 EXC Exelon Corp62 DUK Duke Energy CORP58Other Electric Utilities companies by X-Ray Score.
SWOT analysis: Public Service Enterprise Group Inc
Strengthsinside the company
- Earnings per share have compounded at 27.0% a year over three years.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Net debt is 8.4x EBITDA, above the 3x level that lenders usually watch.
- Operating profit covers interest only 2.7x.
- Altman Z-score of 1.5 is in the zone linked with financial distress in past studies.
- Dividends (3.6% yield) are larger than free cash flow (payout 477% of it).
Opportunitiesvaluation and setting
- Revenue growth picked up to 18.3% last year from 2.7% a year over three years.
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Our Market Compass rates the backdrop for Utilities as unfavourable.
- Our checks raised: Dividend may be at risk; Dividend may be at risk.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare PEG with peers and sector
Medians of 14 Electric Utilities peers and of 30 Utilities stocks in our universe.
Largest peers (X-Ray Score): SO 45, DUK 58, CEG 49, AEP 58, ETR 43, VST 53.
| Metric | PEG | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 54 | 51 | 50 |
| Valuation | 48 | 50 | 50 |
| Growth | 63 | 53 | 53 |
| Profitability | 45 | 56 | 50 |
| Financial health | 66 | 52 | 51 |
| Dividends | 47 | 53 | 55 |
Sector leaders: highest X-Ray Score in Utilities
PEG ranks #11 of 31 in Utilities and #6 of 15 in Electric Utilities by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for PEG
Each factor is rated by where PEG stands among the 31 Utilities stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 9 Good · 6 Average · 5 Bad of 20
Growth: 2 · 1 · 0
Profitability: 2 · 2 · 0
Financial strength: 2 · 1 · 1
Valuation: 2 · 2 · 1
Cash flow: 1 · 0 · 2
Efficiency: 0 · 0 · 1
| Factor | PEG | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +2.7% | Average beats 42% | +3.4% | – | – |
| Revenue growth, last year | +18.3% | Good beats 95% | +9.6% | +7.4% | ▲ Better |
| EPS growth, 3 years a year | +27.0% | Good beats 87% | +8.1% | – | – |
| Profitability | |||||
| Operating margin | 22.3% | Average beats 42% | 22.9% | 22.9% | ≈ In line |
| Net margin | 15.4% | Average beats 62% | 14.4% | 17.2% | ▼ Worse |
| Return on invested capital | 6.2% | Good beats 85% | 5.5% | – | – |
| Return on equity | 11.6% | Good beats 76% | 10.1% | 11.0% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 8.4x | Bad beats 15% | 5.8x | 8.8x | ≈ In line |
| Interest cover | 2.7x | Good beats 69% | 2.5x | 2.7x | ≈ In line |
| Current ratio | 0.88 | Average beats 60% | 0.78 | 0.67 | ▲ Better |
| Piotroski F-score | 7 / 9 | Good beats 87% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 18.0x | Good beats 82% | 21.8x | 21.4x | ▲ Better |
| Price / book | 2.1x | Average beats 53% | 2.1x | 2.3x | ≈ In line |
| Price / sales | 2.8x | Average beats 58% | 2.9x | 3.3x | ▲ Better |
| EV / EBITDA | 20.9x | Bad beats 8% | 14.0x | 24.5x | ▲ Better |
| Free cash flow yield | 0.8% | Good beats 81% | -4.9% | -2.9% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 2.1% | Good beats 68% | -9.1% | -9.5% | ▲ Better |
| Cash from operations / net income | 1.79 | Bad beats 21% | 2.20 | 1.47 | ▲ Better |
| Accruals (lower is better) | −2.7% | Bad beats 27% | −3.3% | – | – |
| Efficiency | |||||
| Days sales outstanding | 53 days | Bad beats 26% | 44 days | 57 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 6 Good · ● 4 Average · ● 4 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Revenue growth (3y)Average
Growth consistencyBad
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 54/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $10.3B | $11.2B | $11.2B | $10.3B | $12.2B |
| Operating income | −$856M | $1.4B | $3.7B | $2.4B | $3.0B |
| Net income | −$648M | $1.0B | $2.6B | $1.8B | $2.1B |
| Operating cash flow | $1.7B | $1.5B | $3.8B | $2.1B | $3.3B |
| Operating margin | -8.3% | 12.3% | 32.8% | 22.9% | 24.5% |
| Free cash flow | −$983M | −$1.4B | $481M | −$1.2B | $26M |
| Diluted EPS | $-1.29 | $2.06 | $5.13 | $3.54 | $4.22 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
8 bullish · 2 neutral · 6 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
| SMA 10 | 71.07 | Bullish |
| EMA 10 | 71.04 | Bullish |
| SMA 20 | 69.97 | Bullish |
| EMA 20 | 70.69 | Bullish |
| SMA 50 | 71.29 | Bullish |
| EMA 50 | 71.66 | Bullish |
| SMA 100 | 74.82 | Bearish |
| EMA 100 | 73.67 | Bearish |
| SMA 200 | 77.13 | Bearish |
| EMA 200 | 75.71 | Bearish |
Oscillators (daily)
| RSI (14) | 60.51 | Neutral |
| MACD (12, 26) | 0.18 | Bullish |
| Momentum (12) | 1.38 | Bullish |
| Stochastic %K (14) | 99.04 | Bearish |
| Williams %R (14) | -0.96 | Bearish |
| CCI (20) | 94.39 | Neutral |
Pivot points (classic, last session)
S3 69.79 | S2 70.39 | S1 71.56 | Pivot 72.16 | R1 73.33 | R2 73.93 | R3 75.10 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.64 USD
Yield on today's price
3.63%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.6700 | |
| 0.6700 | |
| 0.6700 | |
| 0.6300 | |
| 0.6300 | |
| 0.6300 | |
| 0.6300 | |
| 0.6000 | |
| 0.6000 | |
| 0.6000 | |
| 0.6000 | |
| 0.5700 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold PEG
| ETF | Share of the fund |
|---|---|
| NLR VanEck Uranium+Nuclear Energy | 7.09% |
| XLU Utilities Select Sector SPDR | 2.85% |
| VPU Vanguard Utilities | 2.58% |
| FUTY Fidelity MSCI Utilities Index | 2.49% |
| IDU iShares U.S. Utilities | 2.36% |
| EMLP First Trust North American Energy Infr... | 1.55% |
| AIPO Defiance AI & Power Infrastructure | 1.15% |
| IFRA iShares U.S. Infrastructure | 1.09% |
The eight funds with the largest weight in PEG among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
PEG stock splits
PEG has split its stock once since 2008. The latest was a 2-for-1 split on 5 Feb 2008.
Full PEG stock split history →PEG SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Other events
424B5SEC EDGAR
424B5
424B5SEC EDGAR
424B5
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.