PPL Corp (PPL)
OvervaluedFundamental
55
Price
$32.89
Market Cap
$24.16B
Part 1 ยท What the company is worth
Overview
PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island; sale of wholesale electricity in Kentucky; and generation of electricity from power plants in Kentucky. It generates electricity from coal, gas, hydro, and solar sources. The company was formerly known as PP&L Resources, Inc. and changed its name to PPL Corporation in 2000. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 19, 2026 with claude-haiku-4-5 โ shared with all users
FirstEnergy's four Pennsylvania distribution utilities sit directly alongside PPL Electric Utilities' 29-county territory, serving the same kind of regulated electricity customer in the same state and the same PJM market.
Exelon owns PECO in south-eastern Pennsylvania and, like PPL, is a pure regulated wires business whose revenue comes from delivering electricity and gas under state rate settlements rather than from selling power.
Through Kentucky Power in eastern Kentucky, AEP serves the same state-regulated electricity market as PPL's LG&E and Kentucky Utilities, competing before the same Kentucky Public Service Commission for rates and for new industrial load.
Duke Energy Kentucky distributes electricity and natural gas in northern Kentucky, the same dual electric-and-gas regulated business that PPL runs in Louisville and Lexington.
Eversource is the neighbouring New England electric and gas distributor, competing with PPL's Rhode Island Energy for the same regional customer base and for the same state-approved grid investment programmes.
National Grid sold the Rhode Island business to PPL in 2022 but still runs electricity and gas distribution in neighbouring Massachusetts and New York, serving the same New England and north-eastern customers.
Balance Sheet & Liquidity
Revenue
$9.41B
Trailing 12 months (through 3/31/2026)
Net Income
$1.22B
Trailing 12 months (through 3/31/2026)
Free Cash Flow
$-1.40B
Total Equity
$14.88B
Total Liabilities
$30.36B
Current Ratio
1.00
Interest Coverage
2.61
Debt/EBITDA
5.38
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth โ Revenue
Fair Value Estimation
Fair Value
$26.03
Current Price
$32.89
Margin of Safety
-26.4%
Fair Value Range
$17.07 - $34.98
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
20.18
ROE
7.9%
P/B Ratio
1.65
P/FCF
-
Gross Margin
-
ROIC
4.1%
Profitability Radar
Value Creation (Economic Moat)
ROIC
4.1%
WACC
5.8%
ROIC โ WACC
-1.7 pp
ROIC is below the cost of capital โ the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (15)
- P/B Ratio 1.65
- Debt/Equity ratio
- Operating Margin 23.3%
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 8.5%
- Revenue Growth 5Y 13.4%
- Analyst Consensus 80% Buy
- Earnings Quality (OCF/NI) 2.19
- Share Dilution 0.4%
- Net Margin Trend 13.0% vs 11.5%
- Piotroski F-Score 6/9
Failed (8)
- EPS shows upward trend
- EPS CAGR -4.04%
- Price CAGR 0.01%
- ROIC 4.1%
- Positive Free Cash Flow
- Price below Graham Number
- DCF valuation (Overvalued)
- Earnings Surprise avg -0.6%
Unavailable (5)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Share count is stable
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Vincent Sorgi CPA | President, CEO & Director | 53 |
| Mr. Joseph P. Bergstein Jr. | Executive VP & CFO | 54 |
| Mr. Dean Anthony Del Vecchio | Executive VP and Chief Technology & Innovation Officer | 58 |
| Ms. Wendy E. Stark J.D. | Executive VP of Utilities & Chief Legal Officer | 53 |
| Mr. David J. Bonenberger | Executive VP & Chief Operating Officer-Utilities | 63 |
| Mr. Andrew Ludwig | Vice President of Investor Relations | - |
| Mr. Stephen K. Breininger | VP of Corporate Audit & Chief Compliance Officer | 51 |
| Mr. Ryan Hill | Senior Director of Corporate Communications | - |
| Ms. Angela K. Gosman | Executive VP & Chief Human Resources Officer | 56 |
| Mr. John R. Crockett III, J.D. | Chief Development Officer | 60 |
Audit Risk
6
Board Risk
2
Compensation Risk
2
Shareholder Rights Risk
6
Part 2 ยท The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-20
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-07
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-27
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for PPL, sourced from Markets Gazette.
- 5/11/2026NEUTRALPPL Analysts Cut Their Forecasts After Q1 Earnings
PPL Corp reported strong Q1 earnings that surpassed analyst expectations. Despite the positive earnings surprise, the company has maintained its FY2026 EPS guidance. Analyst price targets remain mixed, reflecting a divergence in outlooks for the utility company. While the earnings beat is a short-term positive, the unchanged guidance and varied analyst sentiment suggest a neutral stance for investors, awaiting further catalysts or clarity on future performance drivers.
via Markets Gazette