Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 18.05 as of Sunday, August 2, 2026.
Forward PE Ratio (18.05) = Close Price ($35.21) / Consensus Forward EPS ($1.95)
FORWARD PE RATIO
18.05
SECTOR MEDIAN · UTILITIES
18.66
median of 36 covered companies
CURRENT VS SECTOR MEDIAN
-3.24%
vs the sector median at left
PPL Corporation
Market Cap
$26.49B
Forward PE Ratio
18.05
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| PPL Corporation (PPL) | $26.49B | 18.05 |
| American Water Works Company, Inc. (AWK)vs › | $26.66B | 22.07 |
| Eversource Energy (ES)vs › | $26.92B | 15.39 |
| CenterPoint Energy, Inc. (CNP)vs › | $27.69B | 21.99 |
| FirstEnergy Corp. (FE)vs › | $27.95B | 17.68 |
| Edison International (EIX)vs › | $28.23B | 11.98 |
| NRG Energy, Inc. (NRG)vs › | $28.33B | N/A |
| Atmos Energy Corporation (ATO)vs › | $28.84B | 20.48 |
| DTE Energy Company (DTE)vs › | $29.52B | 18.39 |
| Ameren Corporation (AEE)vs › | $30.33B | 20.37 |
Trailing P/E
21.5
reported TTM EPS
Forward P/E
18.1
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.
At today's $35.21 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 | $1.94 – $1.97 | 9 | 18.1x |
| 2027-12-31 | $2.12 | $2.10 – $2.14 | 9 | 16.6x |
| 2028-12-31 | $2.29 | $2.29 – $2.31 | 4 | 15.3x |
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.
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
