Public Service Enterprise Group
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas t…
Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility, and nuclear generation businesses in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants. As of December 31, 2025, it had electric transmission and distribution system of 25,000 circuit miles and 871,000 poles; 58 switching stations with an installed capacity of 40,000 megavolt-amperes (MVA), and 238 substations with an installed capacity of 10,890 MVA; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and two meter shop, as well as 54 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. The company was founded in 1903 and is based in Newark, New Jersey.Looks undervalued
Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Details and the full model are below.
Market price below modeled range
Showing the EV/Sales (Rule of 40) you selected on the company card, using 4.18% growth, 2.2% terminal growth and 8.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 4.18%, discount rate 8.60%, terminal growth 2.20% (sector defaults). See a worked example.
Blended growth assumption: 4.2% (sector default 4.0%, own revenue history 5.8%, analyst revenue consensus 3.5%).
5-year outlook: relative outlook of about 6.7% a year (High confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 3.5% a year; the growth assumption used is 4.2%.
Adjust assumptions
Show the recommended model instead
Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Compare models- Recommended: Dividend discount model — USD 42.15 (-41.5%)
-
EPS-based Gordon proxy
— USD 56.51 (-21.5%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
-
DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
-
FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
-
EV/EBITDA (12x)
— USD 49.03 (-31.9%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
-
Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
-
EV/Sales (Rule of 40)
— USD 135.68 (+88.4%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear USD 89.27 | 19.3% |
| Base USD 135.68 | 46.9% |
| Bull USD 182.09 | 60.4% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 72 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 3 of 5 years | 12 / 20 |
| Growth | revenue +5.9% a year | 20 / 20 |
| Balance sheet | net debt 6.1x EBITDA | 0 / 20 |
| Margins | EBITDA margin 33% | 20 / 20 |
Peers in Utilities
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| PEG (this company) | USD 72.03 | -70.9% | 20.4 | 2.1 | 3.7% | 72 |
| ED Consolidated Edison | USD 119.93 | 30.7% | 20.0 | 1.7 | 2.7% | 78 |
| ENGI.PA Engie SA | EUR 23.81 | 16.6% | 15.8 | 1.8 | 7.5% | 76 |
| D Dominion Energy | USD 68.26 | -3.4% | 22.2 | 2.0 | 3.9% | 76 |
| FORTUM.HE Fortum Oyj | EUR 23.13 | -3.5% | 25.7 | 2.6 | 6.1% | 72 |
| CMS CMS Energy | USD 68.66 | -3.5% | 24.7 | 2.2 | 3.3% | 64 |
| CNA.L Centrica plc | GBP 1.50 | -5.9% | – | 2.3 | 3.3% | 92 |
| EIX Edison International | USD 59.61 | -8.9% | 6.3 | 1.3 | 5.7% | 52 |
| NTGY.MC Naturgy Energy Group, S.A. | EUR 29.30 | -9.7% | 14.0 | 3.0 | 5.9% | 70 |
| Peer median | 20.0 | 2.1 | ||||
Dividends
Paid in the last 12 months: USD 2.64 per share · yield 3.67% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 2.010 |
| 2025 | 2.520 |
| 2024 | 2.400 |
| 2023 | 2.280 |
| 2022 | 2.160 |
| 2021 | 2.040 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 14:12
| Revenue | USD 12,337,000,000 |
|---|---|
| EBITDA | USD 4,116,000,000 |
| EBIT | USD 2,769,000,000 |
| Net income | USD 1,766,000,000 |
| Free cash flow | USD 1,286,000,000 |
| Capital expenditures | USD 3,214,000,000 |
| Debt | USD 25,765,000,000 |
| Cash | USD 837,000,000 |
| Working capital | USD 65,000,000 |
| Shares outstanding | 499,000,000 |
| Reported dividends per share | USD 2.6393 |