Public Service Enterprise Group Incorporated (PEG) 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

-146.0%

-$34.01

vs $73.97 price

Levered DCF

-$120.03

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C+

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	18.98×	23.73×	11.87×	29.6×	-51.73×	15.42×	17.57×	18.26×
P/B	2.36×	2.61×	1.97×	2.22×	2.33×	1.84×	1.97×	1.82×
P/S	3.29×	4.09×	2.71×	3.11×	3.46×	3.06×	2.95×	2.71×
EV / EBITDA	13.29×	16.05×	9.98×	17.73×	64.43×	10.82×	11.87×	11.3×
Gross margin	69.0%	34.4%	43.0%	26.6%	30.8%	35.7%	35.7%	35.6%
Operating margin	24.5%	22.9%	32.8%	14.1%	-8.8%	23.6%	19.3%	23.7%
Net margin	17.3%	17.2%	22.8%	10.5%	-6.7%	19.8%	16.8%	14.8%
Current ratio	0.8×	0.65×	0.67×	0.64×	0.88×	0.66×	0.64×	0.71×
Debt / equity	1.44×	1.42×	1.32×	1.49×	1.36×	1.09×	1.09×	1.08×
Interest coverage	3.1×	2.8×	5.36×	2.45×	-1.71×	4.42×	3.81×	4.83×
Dividend yield	3.1%	2.8%	3.7%	3.5%	3.1%	3.4%	3.2%	3.5%
Payout ratio	59.6%	67.5%	44.4%	104.7%	-159.1%	52.0%	56.1%	63.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.4%	11.0%	16.6%	7.5%	-4.5%	11.9%	11.2%	10.0%
Return on invested capital	4.9%	4.4%	6.4%	3.0%	-1.1%	4.0%	3.7%	4.2%
Return on assets	3.7%	3.2%	5.1%	2.1%	-1.3%	3.8%	3.5%	3.2%
Free cash flow yield	0.8%	-3.0%	1.6%	-4.5%	-2.9%	0.2%	0.4%	-4.4%
Earnings yield	5.3%	4.2%	8.4%	3.4%	-1.9%	6.5%	5.7%	5.5%
Enterprise value	$64.3B	$64.8B	$50.8B	$50.5B	$52.4B	$46.3B	$46.1B	$41.5B
Net debt / EBITDA	5.01×	5.64×	4×	7.01×	23.11×	3.96×	4.21×	4.16×
Cash conversion cycle (days)	48	81	46	72	47	38	31	40