NYSE · PPLC

PPL Corporation

Utilities · Regulated Electric

$47.27▲ 1.05% ($0.49)today

As of 3:00 PM ET

52-week

$43.74$52.57

Market cap

$35.57B

P/E

28.27

EPS (TTM)

$1.67

Next earnings

Valuation

Earnings power value

Zero-growth earnings power / share · Zero-growth base

-$8.47

−118%

−118%vs price used $47.27

USD · Financial years 2019–2025 · 7 years normalized · Price Oct 29, 7:00 PM UTC

Price vs. estimate range

Assumption scenarios, not confidence intervals

USD · Financial years 2019–2025 · 7 years normalized · Price Oct 29, 7:00 PM UTC

What is this business worth assuming zero future growth?

Applicable

EPV Is Applicable

Stable, profitable, non-growth-driven earnings. EPV provides a reliable baseline valuation for the business as it stands today.

Conservative

-$12.67

WACC: 7.52% (+2%)

Base Case

-$8.47

WACC: 5.52% · Base sensitivity

Optimistic

$0.50

WACC: 3.52% (−2%)

EPV / Share

-$8.47

-117.91% vs price

Price used

$47.27

Valuation reference price

Upside / Downside

-117.91%

Significant premium to EPV

Normalized EBIT

$1.6B

trimmed mean

WACC

5.52%

CAPM-derived

Implied Growth

—

N/A

Tax Rate

20.52%

effective rate

EPV / Capital

0.4×

At or Below Book Capital

10Y FCFF CAGR

—

N/A

FCFF Conversion

—

N/A

About EPV

Earnings Power Value (Greenwald) asks: what is this business worth if it never grows again? It capitalizes normalized after-tax operating earnings at the cost of capital. EPV is best used as a baseline for stable, mature businesses — not as a ceiling or guaranteed floor, since business conditions may change. Compare it to asset value: if EPV significantly exceeds accounting book capital, that gap is consistent with competitive advantage, though a single snapshot cannot confirm how wide or durable it is.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

Since listing: -7.17%Revenue (TTM): 6.73%FCF (TTM): 140.58%

What changed

The stock fell 7.17% over the 8 months since listing. Revenue grew 6.73% over the trailing twelve months. Operating margin moved from 21.45% to 24.05%. Free cash flow grew 140.58% over the trailing twelve months.

What the market seems to be pricing

The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at 24.05%. A decisive move in revenue — currently up 6.73% — would be the clearest signal to resolve the ambiguity.

Performance

Monthly returns

A year-by-year view of returns and the patterns behind them.

View as

Return analysis

Company profile

PPL Corp. engages in the generation, transmission and distribution of electricity.

CEOVincent Sorgi

SectorUtilities

IndustryRegulated Electric

Employees6,546

IPO dateFeb 24, 2026

https://www.pplweb.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)11.95

Enterprise value (FY2025 year-end)$44.18B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth (Q2 FY26 YoY)4.25%

Gross margin (FY2025)39.05%▼1.0ppvs FY2024

Operating margin (FY2025)23.57%▲3.0ppvs FY2024

ROE (TTM to Jun 2026)8.63%▲0.5ppvs FY2025

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Nov 6, 2026

Q3 FY26 · EPS est $0.53 · Revenue est $2.4B

Same quarter, year over year

FY26 YTD +4.3%

Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined $0.96 vs $0.92 · all 2 quarters up

FY total

FY26

—

FY25

$1.81+7.7%

FY24

$1.68—

FY23

—

Fiscal year totals

FY25: $1.81; +7.7%
FY24: $1.68; —

SlowerFaster growth

BeatMissIn lineYear-ago cell

Q2 FY26

Reported Aug 7, 2026 · Latest

HoverTap a cell to inspect

Actual

$0.33

Miss by 3.1%

Estimate

$0.34

Street consensus

Year over year

+3.1%

vs Q2 FY25 · $0.32

Vs prior quarter

-47.6%

vs Q1 FY26 · $0.63

Price range $47.20-$52.39 · daily closes Apr 1-Jun 30

Implied at 25.6x street P/E $47.27 · street TTM EPS × current multiple

Institutional Sentiment

PPL Corporation · PPLC

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.

NYSE · PPLC

PPL Corporation

Utilities · Regulated Electric

$47.27▲ 1.05% ($0.49)today

As of 3:00 PM ET

52-week

$43.74$52.57

Market cap

$35.57B

P/E

28.27

EPS (TTM)

$1.67

Next earnings

Valuation

Earnings power value

Zero-growth earnings power / share · Zero-growth base

-$8.47

−118%

−118%vs price used $47.27

USD · Financial years 2019–2025 · 7 years normalized · Price Oct 29, 7:00 PM UTC

Price vs. estimate range

Assumption scenarios, not confidence intervals

USD · Financial years 2019–2025 · 7 years normalized · Price Oct 29, 7:00 PM UTC

What is this business worth assuming zero future growth?

Applicable

EPV Is Applicable

Stable, profitable, non-growth-driven earnings. EPV provides a reliable baseline valuation for the business as it stands today.

Conservative

-$12.67

WACC: 7.52% (+2%)

Base Case

-$8.47

WACC: 5.52% · Base sensitivity

Optimistic

$0.50

WACC: 3.52% (−2%)

EPV / Share

-$8.47

-117.91% vs price

Price used

$47.27

Valuation reference price

Upside / Downside

-117.91%

Significant premium to EPV

Normalized EBIT

$1.6B

trimmed mean

WACC

5.52%

CAPM-derived

Implied Growth

—

N/A

Tax Rate

20.52%

effective rate

EPV / Capital

0.4×

At or Below Book Capital

10Y FCFF CAGR

—

N/A

FCFF Conversion

—

N/A

About EPV

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

Since listing: -7.17%Revenue (TTM): 6.73%FCF (TTM): 140.58%

What changed

What the market seems to be pricing

What would invalidate this read

Operating margin currently stands at 24.05%. A decisive move in revenue — currently up 6.73% — would be the clearest signal to resolve the ambiguity.

Performance

Monthly returns

A year-by-year view of returns and the patterns behind them.

View as

Return analysis

Company profile

PPL Corp. engages in the generation, transmission and distribution of electricity.

CEOVincent Sorgi

SectorUtilities

IndustryRegulated Electric

Employees6,546

IPO dateFeb 24, 2026

https://www.pplweb.com

Market multiples

Forward P/E—

EV/EBITDA (FY2025 year-end)11.95

Enterprise value (FY2025 year-end)$44.18B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth (Q2 FY26 YoY)4.25%

Gross margin (FY2025)39.05%▼1.0ppvs FY2024

Operating margin (FY2025)23.57%▲3.0ppvs FY2024

ROE (TTM to Jun 2026)8.63%▲0.5ppvs FY2025

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Actuals vs estimates by quarter, or any quarter against the same one a year earlier.

Next report

Nov 6, 2026

Q3 FY26 · EPS est $0.53 · Revenue est $2.4B

Same quarter, year over year

FY26 YTD +4.3%

Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined $0.96 vs $0.92 · all 2 quarters up

FY total

FY26

—

FY25

$1.81+7.7%

FY24

$1.68—

FY23

—

Fiscal year totals

FY25: $1.81; +7.7%
FY24: $1.68; —

SlowerFaster growth

BeatMissIn lineYear-ago cell

Q2 FY26

Reported Aug 7, 2026 · Latest

HoverTap a cell to inspect

Actual

$0.33

Miss by 3.1%

Estimate

$0.34

Street consensus

Year over year

+3.1%

vs Q2 FY25 · $0.32

Vs prior quarter

-47.6%

vs Q1 FY26 · $0.63

Price range $47.20-$52.39 · daily closes Apr 1-Jun 30

Implied at 25.6x street P/E $47.27 · street TTM EPS × current multiple

Institutional Sentiment

PPL Corporation · PPLC

From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.