3 models fit Public Service Enterprise Group Incorporated Common Stock and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Premium(i)
Valued as a utility: Dividend discount, P/E comparison, EV/EBITDA comparison, and Discounted cash flow.
ACCE opinionPublic Service Enterprise Group Incorporated Common Stock (PEG)
Fair value (3 models)
$53.30
ACCE price target
$73.00
Rating
Overvalued
Horizon
12 months
Fair value published on 21 Oct 2026, 11:06 CEST; previously $54.94 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 21 Sept 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 11:06 CEST.
Price used: $72.02 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
35.1% above
-26.0% to fair value
ACCE score
41
out of 100
Analysts
41% buy
22 covering
P/E
17.7x
forward 15.0x
1-year return
-12.9%
Dividend yield
3.66%
Public Service Enterprise Group Incorporated Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Public Service Enterprise Group owns New Jersey Power & Light and PSE&G, a regulated electric and gas utility serving most of New Jersey, plus a shrinking nuclear and fossil generation fleet that it has been selling down. The core advantage is the regulated rate base: PSE&G earns an allowed return on infrastructure it builds, which gives visibility on earnings that few sectors match. At 15.1x forward earnings against 17.6x trailing, the market expects earnings to rise, though the 8.9% revenue decline and 11.8% ROE mean the case rests on the regulated capital program rather than on the top line. The reason to look harder now is the gap between that forward multiple and a return on equity that is only modest, which will decide whether the rate base growth converts into shareholder value. The composite score of 39/100 and absence from any index suggest the name has been out of favour, so the question is whether the fundamentals are stabilising or still deteriorating.