Forward PE Ratio: 18.44
The forward PE ratio is 18.44 as of Thursday, July 9, 2026.
Forward PE Ratio (18.44) = Close Price ($35.66) / Consensus Forward EPS ($1.95)
PPL Forward PE Ratio Metrics
FORWARD PE RATIO
18.44
PPL Competitors' Forward PE Ratio
PPL Corporation
Market Cap
$26.83B
Forward PE Ratio
18.44
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| PPL Corporation (PPL) | $26.83B | 18.44 |
| FirstEnergy Corp. (FE)vs › | $27.55B | 17.61 |
| Eversource Energy (ES)vs › | $27.80B | 15.87 |
| American Water Works Company, Inc. (AWK)vs › | $25.49B | 21.68 |
| CenterPoint Energy, Inc. (CNP)vs › | $28.34B | 23.07 |
| Edison International (EIX)vs › | $28.72B | 12.22 |
| Atmos Energy Corporation (ATO)vs › | $29.16B | 21.05 |
| NRG Energy, Inc. (NRG)vs › | $29.64B | N/A |
| CMS Energy Corporation (CMS)vs › | $23.17B | 19.62 |
| Ameren Corporation (AEE)vs › | $30.93B | 21.03 |
Trailing vs Forward
Trailing P/E
21.9
reported TTM EPS
Forward P/E
18.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $1.95 implies +18.9% EPS growth vs the reported trailing $1.64.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $35.66 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $1.95 | $1.93 – $1.96 | 8 | 18.3x |
| 2027-12-31 | $2.12 | $2.10 – $2.14 | 9 | 16.8x |
| 2028-12-31 | $2.30 | $2.29 – $2.31 | 4 | 15.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for PPL Corporation (PPL)?
- The forward PE ratio for PPL stock is 18.44.
Related Metrics
About PPL Corporation
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.
- Sector
- Utilities
- Industry
- Regulated Electric
- CEO
- Vincent Sorgi