| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 41 | 20.7x | 17.3x | Around median | |
Growth | 49 | 6.1% | 7.1% | Around median | |
Quality | 42 | 5.3% | 4.5% | Around median | |
Safety | 40 | 5.2x | 2.6x | Bottom tier | |
Capital Return | 29 | 3.09% | 0.06% | Bottom tier | |
Momentum | 38 | -15.3% | -1.6% | Bottom tier | |
Sentiment | 67 | 9 | 3 | Top tier |
The floor: what the company is worth if growth stopped today
93% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
PPL Corporation operates through regulated utilities in Pennsylvania, Kentucky, and Rhode Island, deriving revenue from electricity delivery, investments in transmission and distribution networks, and power generation under Kentucky's integrated model. Segment result drivers were clearly evident in the Q2 FY2026 call: base rates and retail sales in Kentucky, transmission revenue in Pennsylvania, and regulatory recovery mechanism revenue in Rhode Island, with future returns dependent on recovering capital investments through rates and regulatory mechanisms.
In Q2 FY2026, revenue increased by 4.2%, but higher operating costs led to earnings below expectations and pressured margins. GAAP EPS was $0.30 versus $0.25 in Q2 FY2025, and ongoing operations EPS was $0.33 versus $0.32, after excluding special items of $0.03 per share related primarily to information technology transformation and systems integration.
Segment performance was mixed in Q2 FY2026: Kentucky results were flat year over year, the Pennsylvania Regulated segment's contribution declined by $0.01 per share, Rhode Island's contribution increased by $0.02, while Corporate and Other remained stable. For comparison with the latest available EDGAR figures, Q1 FY2026 recorded revenue of $2.8 billion, net income of $452 million, and EPS of $0.60, while revenue for the twelve months ended in FY2026 was approximately $9.3 billion and net income was $1.2 billion.
The analyst consensus is "Buy," with an average target of $40.75 and a relatively wide range of $37 to $44; the average is only approximately 1.6% above the top of the 52-week range of $40.11, while the highest target exceeds that high by approximately 9.7%. This range reflects a balance between the visibility of regulated asset base growth and data center opportunities on one hand, and cost pressures, the delayed contribution from Invitium Energy, and regulatory and execution risks on the other.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
GAAP EPS was $0.30 in Q2 FY2026, versus $0.25 in Q2 FY2025. Ongoing operations EPS was $0.33, up $0.01, after excluding $0.03 of information technology transformation and systems integration costs. Rhode Island's contribution increased by $0.02 per share due to recovery mechanism revenue and lower operating costs, but higher depreciation and interest pressured Pennsylvania and Kentucky.
On August 7, 2026, PPL reaffirmed its FY2026 ongoing operations EPS forecast of $1.90 to $1.98, with a midpoint of $1.94. Management expects stronger earnings growth in the second half of FY2026 following the start of Pennsylvania rates on July 1, 2026, and the expected start of Rhode Island rates on September 1, 2026. It also maintained its targets for annual EPS growth of 6% to 8% and dividend growth of 4% to 6% through at least 2029.
Signed data center agreements in PPL Electric's territory reached approximately 32 gigawatts in Q2 FY2026, up 3.5 gigawatts from the previous quarter. More than 11 gigawatts are covered by electric service agreements with financial commitments, while projects under construction exceeded 6.5 gigawatts. In Kentucky, the potential load pipeline reached 13.7 gigawatts, but the estimate of probability-weighted new loads was only 3.7 gigawatts by 2032.
Automated analysis for informational purposes only — not investment advice.
Large-load tariffs require contracts lasting at least 10 years in Pennsylvania and 15 years in Kentucky. Customers are committed to paying for at least 80% of reserved capacity even if they do not use it, while providing guarantees upfront and paying substantial termination fees if a project is canceled. Beginning in 2027, Pennsylvania's large-load customer class will contribute $11 million annually to support low-income customers.
PPL does not expect Invitium Energy's contribution to be material before 2030, and this contribution is not included in the current growth targets. Batteries or shorter-lead-time technologies could begin adding earnings in 2029 or 2030, while combustion turbines could enter service in 2030 or 2031 and combined-cycle plants in 2031 or 2032. PPL will not commit to construction or material funding before signing appropriately risk-adjusted power supply agreements or cost reimbursement agreements.
Revenue increased by 4.2%, but higher operating costs pressured margins and led to earnings below expectations. Higher depreciation and interest also reduced Pennsylvania's contribution by $0.01 per share and offset part of the benefits from higher rates in Kentucky. A meaningful portion of growth remains dependent on converting data center agreements into actual loads and contracts, obtaining favorable regulatory decisions, and executing investments that could reach tens of billions of dollars through 2032.