Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 19.11 as of 2026-09-10T20:00:02.000Z.
Consensus retrieved: 2026-09-10T03:43:40.443Z. This records retrieval, including cache reads, rather than vendor publication. A quote earlier than this retrieval cannot support current forward valuation.
Quote observation: 2026-09-10T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: b22d564505076792b95be912dbebaab0a770ed351702e4505b18ac6856adf00c
Forward PE Ratio (19.11) = Close Price ($87.75) / Consensus Forward EPS ($4.59)
FORWARD PE RATIO
19.11
SECTOR MEDIAN · UTILITIES
17.49
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
+9.26%
vs the sector median at left
The Southern Company
Market Cap
$100.94B
Forward PE Ratio
19.11
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| The Southern Company (SO) | $100.94B | 19.11 |
| Constellation Energy Corporation (CEG)vs › | $102.69B | 23.74 |
| Duke Energy Corporation (DUK)vs › | $93.06B | 17.79 |
| American Electric Power Company, Inc. (AEP)vs › | $67.22B | 19.35 |
| Dominion Energy, Inc. (D)vs › | $57.23B | 18.14 |
| Sempra (SRE)vs › | $54.93B | 16.43 |
| Vistra Corp. (VST)vs › | $49.58B | 17.08 |
| Entergy Corporation (ETR)vs › | $49.34B | 24.03 |
| Xcel Energy Inc. (XEL)vs › | $47.10B | 18.32 |
| Exelon Corporation (EXC)vs › | $44.70B | 15.19 |
Trailing P/E
21.2
reported TTM EPS
Forward P/E
19.1
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.59 implies +10.9% EPS growth vs the reported trailing $4.14.
At today's $87.75 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 | $4.59 | $4.55 – $4.60 | 13 | 19.1x |
| 2027-12-31 | $4.93 | $4.86 – $4.97 | 13 | 17.8x |
| 2028-12-31 | $5.38 | $5.21 – $5.50 | 4 | 16.3x |
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
