Rankings Utilities & power Consolidated Edison
Consolidated Edison
61
15070100
A view of the same findings, not a new score. How it works
A good business with a real question mark: the price, a crack, or both.
Biggest deductions
- Multiples vs own history−4
- Debt and financing−4
- Margin and ROIC−3
Strengths
- Dividend history and coverage+1
- Earnings visibility+1
How the score is built
From 100 to 61, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 118.48 USD
- Median analyst target
- 108.00 USD
- Upside to median
- −8.8%
- Analysts
- 19
- Target range
- 87.00 – 130.00 USD
- 52-week change
- +22%
- P/E (trailing)
- 19.5
- Forward P/E
- 18.7
- PEG
- 3.01
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−5 of −30
- −3Margin and ROICROIC 4.6% vs WACC 4.8%, ROE 9.0% (below the allowed 9.4%), and FCF has been negative in four of the last five years (TTM USD -0.86bn). No value added beyond the regulated framework.
- −2Quality of growthAdjusted EPS H1 2026 only 3.00 USD vs 2.91 (+3%), and guidance of 6.00-6.20 was merely maintained. Share issuance diluted EPS by 0.09 USD year-to-date; growth requires ongoing new equity.
Price
Today's multiples against the company's own history and its peers. · 2 findings−6 of −35
- −4Multiples vs own historyP/B 1.62 and P/S 2.35 are the highest in five years (1.41–1.62 and 2.03–2.21), the dividend yield of 3.16% is the lowest (3.3–3.7%), and forward P/E 17.9 is in the upper part of 16.2–19.9. The stock is +10% in a year and above the analysts' average price target.
- −2PeersForward P/E 17.9 vs Eversource 14.3, even though ROE (about 9%) and expected EPS growth (about 6-7%) are at the same level. The premium pays for low risk, not for better growth.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 3 findings−8 of −35
- −3Regulation in New YorkThe PSC cut the first-year electricity request by 87% in January 2026 (approved USD 234m vs about USD 1.6bn) with an allowed ROE of 9.4%, after Governor Hochul had called the request too high. Affordability is a top political priority, so future rate cases are under pressure.
- −4Debt and financingDebt 28.3bn USD, debt/EBITDA 4.5 and interest cover 2.9. With negative FCF and a dividend of 1.2bn USD a year, the dividend is financed by new debt (+1.25bn net TTM) and new shares (share count +3.5% in a year).
- −1
Plus
Only documented strengths. · 2 findings+2 of +15
- +1Dividend history and coverage53 consecutive years of dividend increases, and the dividend is 58% of earnings (EPS 6.09 vs dividend USD 3.55); dividend growth has been raised to about 4%.
- +1Earnings visibilityThree-year electricity and gas rate plan approved in January 2026 with support from 17 parties locks in rate increases in 2026-2028 (electricity: USD 234m, 410m and 421m).
Caveats
What the score does not capture, or where the data is weak.
Regulated utility: FCF is structurally negative due to capex. Q3 2026 reports on 5 Nov (after the analysis date). The investor update on 6 Oct 2026 (new capital plan, equity needs) and the credit rating have not been examined, nor has the risk from New York's climate law for the gas business or the Mountain Valley Pipeline ownership stake. The dividend (USD 3.55) is below earnings (EPS 6.09; payout 58%), but above FCF.
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