3 models fit PPL Corporation Common Stock and they disagree: 1 of 3 land within 15% of the average.
Two or more of our models back this value.
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Valued as a utility: Dividend discount, P/E comparison, and EV/EBITDA comparison.
ACCE opinionPPL Corporation Common Stock (PPL)
Fair value (3 models)
$28.36
ACCE price target
$34.00
Rating
Overvalued
Horizon
12 months
Fair value published on 21 Oct 2026, 11:06 CEST; previously $29.83 since 12 Oct 2026, 00:00 CEST.
ACCE price target published on 24 Sept 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 11:06 CEST.
Price used: $34.98 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison, EV/EBITDA 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
23.4% above
-18.9% to fair value
ACCE score
55
out of 100
Analysts
76% buy
17 covering
P/E
20.7x
forward 16.5x
1-year return
-6.4%
Dividend yield
3.22%
PPL Corporation Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
PPL Corporation is a regulated electric and gas utility, with its Kentucky Utilities and Louisville Gas and Electric subsidiaries serving customers in Kentucky and its Pennsylvania Electric and PPL Electric Utilities arms serving customers in Pennsylvania. Its moat is the rate base: regulators allow it to earn a set return on infrastructure it builds, which gives predictable earnings with limited competitive exposure. The growth driver is the capital program, as grid hardening, generation investment and load growth from data centers and industrial users feed a larger rate base over time. Revenue grew 4.2%, operating margin is 23.6%, and the forward P/E of 16.2 sits below the trailing 20.3, implying expected earnings growth. The offset is ROE of 8.6%, which is modest and leaves little room for error if regulatory outcomes disappoint, and the stock carries a composite score of 52/100 and no index membership, so the case needs a deeper look at allowed returns and financing costs before it earns a place in the portfolio.