Entergy Corporation (ETR) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-92.5%

$8.19

vs $109.71 price

Levered DCF

$51.51

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	23.22×	30.7×	9.08×	20.83×	20.19×	14.39×	18.84×	18.39×
P/B	2.38×	2.12×	1.44×	1.74×	1.91×	1.79×	2.24×	1.72×
P/S	3.16×	2.73×	1.76×	1.67×	1.93×	1.98×	2.15×	1.42×
EV / EBITDA	11.68×	12.09×	9.71×	11.75×	11.3×	9.8×	10.73×	12.93×
Gross margin	29.9%	48.3%	43.9%	38.3%	41.5%	44.1%	38.4%	33.6%
Operating margin	23.6%	22.3%	21.6%	14.9%	15.7%	17.5%	12.8%	4.3%
Net margin	13.7%	8.9%	19.4%	8.0%	9.5%	13.9%	11.6%	7.8%
Current ratio	0.73×	0.7×	0.52×	0.51×	0.51×	0.62×	0.51×	0.5×
Debt / equity	1.8×	1.92×	1.79×	2.05×	2.31×	2.17×	1.93×	2×
Interest coverage	2.28×	2.3×	2.6×	2.08×	2.21×	2.25×	1.87×	0.66×
Dividend yield	2.7%	3.1%	4.4%	3.7%	3.5%	3.8%	3.1%	4.1%
Payout ratio	61.6%	94.2%	39.6%	78.4%	70.9%	54.5%	57.9%	75.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.3%	6.9%	15.9%	8.3%	9.4%	12.6%	12.0%	9.5%
Return on invested capital	3.6%	3.2%	4.6%	3.7%	2.8%	3.3%	2.8%	-5.1%
Return on assets	2.5%	1.6%	4.0%	1.9%	1.9%	2.4%	2.4%	1.8%
Free cash flow yield	-6.8%	-4.6%	-1.9%	-11.8%	-18.2%	-12.3%	-7.8%	-12.1%
Earnings yield	4.3%	3.3%	11.0%	4.8%	4.9%	7.0%	5.4%	5.5%
Enterprise value	$71.7B	$60.9B	$47.8B	$49.8B	$49.6B	$42.4B	$43.1B	$33.3B
Net debt / EBITDA	5.03×	5.65×	5.36×	6.33×	6.14×	5.18×	4.91×	6.86×
Cash conversion cycle (days)	13	35	44	40	6	-9	34	21