PPL Corporation (PPL) valuation
PPL P/E ratio history
PPL trades at 21.1 times its earnings over the last twelve months and 17.9 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 11.0 (year to Dec 2018) to 28.7 (year to Dec 2022), with a median of 18.9.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $35.02 | $1.59 | 22.0 | 18.3 |
| Dec 31, 2024 | $32.46 | $1.20 | 27.1 | 18.1 |
| Dec 31, 2023 | $27.10 | $1.00 | 27.1 | — |
| Dec 31, 2022 | $29.22 | $1.02 | 28.7 | 18.8 |
| Dec 31, 2021 | $30.06 | -$1.94 | n/m | 19.9 |
| Dec 31, 2020 | $28.20 | $1.91 | 14.8 | — |
| Dec 31, 2019 | $35.88 | $2.37 | 15.1 | — |
| Dec 31, 2018 | $28.33 | $2.57 | 11.0 | — |
| Dec 31, 2017 | $30.95 | $1.64 | 18.9 | — |
| Dec 31, 2016 | $34.05 | $2.79 | 12.2 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
PPL valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| PPLPPL | $26.8B | 21.1 | 17.9 | 2.9 |
| FirstEnergyFE | $27.1B | 22.7 | 16.2 | 1.7 |
| Eversource EnergyES | $25.8B | 17.8 | 14.3 | 1.8 |
| Edison InternationalEIX | $22.6B | 6.3 | 9.2 | 1.2 |
| EvergyEVRG | $19.8B | 21.9 | 19.4 | 3.3 |
| Public Service Enterprise GroupPEG | $37.0B | 18.5 | 16.5 | 3.0 |
| WEC Energy GroupWEC | $37.8B | 22.5 | — | 3.7 |
| Alliant EnergyLNT | $18.5B | 22.7 | 20.2 | 4.2 |
| VistraVST | $46.7B | 23.3 | 14.5 | 2.4 |
| Peer median | 22.2 | 16.2 | 2.7 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: PPL financials · PPL returns
No forecast, no recommendation. This page describes PPL Corporation from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.