30 years of historical data (1996–2025) · Utilities · Regulated Electric
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Exelon Corporation trades at 18.1x earnings, roughly in line with its 5-year average of 18.2x, sitting at the 79th percentile of its historical range. Compared to the Utilities sector median P/E of 21.0x, the stock trades at a discount of 14%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $50.0B | $44.1B | $37.8B | $35.8B | $42.7B | $40.4B | $29.4B | $31.7B | $31.2B | $26.7B | $23.5B |
| Enterprise Value | $99.7B | $93.8B | $84.0B | $79.4B | $82.3B | $74.2B | $68.1B | $68.9B | $66.3B | $61.1B | $58.7B |
| P/E Ratio → | 18.12 | 15.97 | 15.36 | 15.34 | 20.78 | 23.67 | 14.98 | 10.80 | 15.54 | 7.08 | 20.75 |
| P/S Ratio | 2.06 | 1.82 | 1.64 | 1.65 | 2.24 | 2.25 | 0.89 | 0.92 | 0.87 | 0.80 | 0.75 |
| P/B Ratio | 1.74 | 1.53 | 1.40 | 1.39 | 1.72 | 1.16 | 0.84 | 0.92 | 0.94 | 0.83 | 0.85 |
| P/FCF | — | — | — | — | — | — | — | — | 29.68 | — | — |
| P/OCF | 7.99 | 7.05 | 6.78 | 7.61 | 8.76 | 13.40 | 6.95 | 4.76 | 3.61 | 3.56 | 2.78 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Exelon Corporation's enterprise value stands at 11.3x EBITDA, 8% above its 5-year average of 10.5x. The Utilities sector median is 9.4x, placing the stock at a 21% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.87 | 3.65 | 3.65 | 4.31 | 4.14 | 2.06 | 2.00 | 1.84 | 1.82 | 1.87 |
| EV / EBITDA | 11.34 | 10.67 | 10.62 | 10.54 | 12.40 | 8.14 | 7.28 | 6.78 | 6.73 | 6.23 | 6.68 |
| EV / EBIT | 19.36 | — | 18.35 | 17.91 | 21.38 | 25.22 | 17.16 | 12.30 | 17.56 | 11.46 | 16.74 |
| EV / FCF | — | — | — | — | — | — | — | — | 63.18 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Exelon Corporation earns an operating margin of 21.2%, roughly in line with the Utilities sector average. Operating margins have expanded from 18.5% to 21.2% over the past 3 years, signaling improving operational efficiency. ROE of 9.9% is modest. ROIC of 5.1% represents adequate returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.9% | 45.9% | 40.8% | 41.1% | 42.1% | 39.1% | 28.8% | 30.0% | 27.7% | 27.9% | 27.7% |
| Operating Margin | 21.2% | 21.2% | 18.8% | 18.5% | 17.4% | 15.0% | 8.5% | 12.7% | 10.8% | 13.1% | 10.2% |
| Net Profit Margin | 11.4% | 11.4% | 10.7% | 10.7% | 11.4% | 9.5% | 5.9% | 8.5% | 5.6% | 11.2% | 3.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.9% | 9.9% | 9.3% | 9.2% | 7.3% | 4.9% | 5.7% | 8.7% | 6.2% | 12.6% | 4.1% |
| ROA | — | — | 2.3% | 2.4% | 1.9% | 1.3% | 1.5% | 2.4% | 1.7% | 3.3% | 1.1% |
| ROIC | 5.1% | 5.1% | 4.5% | 4.5% | 3.7% | 2.8% | 2.9% | 4.7% | 4.3% | 5.1% | 4.4% |
| ROCE | — | — | 4.5% | 4.6% | 3.3% | 2.3% | 2.5% | 4.0% | 3.6% | 4.2% | 3.4% |
Solvency and debt-coverage ratios — lower is generally safer
Exelon Corporation carries a Debt/EBITDA ratio of 5.7x, which is highly leveraged (34% above the sector average of 4.2x).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.73 | 1.73 | 1.73 | 1.71 | 1.62 | 0.99 | 1.13 | 1.09 | 1.11 | 1.11 | 1.30 |
| Debt / EBITDA | 5.65 | 5.65 | 5.90 | 5.85 | 6.03 | 3.79 | 4.21 | 3.72 | 3.70 | 3.63 | 4.09 |
| Net Debt / Equity | — | 1.73 | 1.72 | 1.69 | 1.60 | 0.97 | 1.11 | 1.08 | 1.06 | 1.07 | 1.28 |
| Net Debt / EBITDA | 5.65 | 5.65 | 5.85 | 5.79 | 5.97 | 3.72 | 4.14 | 3.66 | 3.57 | 3.51 | 4.01 |
| Debt / FCF | — | — | — | — | — | — | — | — | 33.50 | — | — |
| Interest Coverage | — | — | 2.26 | 2.33 | 2.29 | 2.08 | 1.73 | 2.71 | 2.50 | 2.81 | 2.09 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio has improved from 0.82x to 0.87x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 0.87 | 0.82 | 0.69 | 0.87 | 0.98 | 0.85 | 1.17 | 1.10 | 0.92 |
| Quick Ratio | — | — | 0.78 | 0.74 | 0.62 | 0.83 | 0.85 | 0.72 | 1.02 | 0.94 | 0.80 |
| Cash Ratio | 0.04 | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.12 | 0.10 | 0.05 |
| Asset Turnover | — | — | 0.21 | 0.21 | 0.20 | 0.13 | 0.26 | 0.28 | 0.30 | 0.29 | 0.27 |
| Inventory Turnover | 15.97 | — | 15.97 | 15.98 | 14.63 | 18.82 | 13.65 | 13.64 | 15.43 | 14.63 | 13.85 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Exelon Corporation returns 3.2% to shareholders annually primarily through dividends. The earnings yield of 5.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.2% | 3.7% | 2.1% | 4.0% | 3.1% | 3.7% | 5.1% | 4.4% | 4.3% | 4.6% | 5.0% |
| Payout Ratio | — | — | 31.5% | 61.6% | 61.5% | 87.7% | 76.0% | 48.0% | 66.3% | 32.8% | 102.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.5% | 6.3% | 6.5% | 6.5% | 4.8% | 4.2% | 6.7% | 9.3% | 6.4% | 14.1% | 4.8% |
| FCF Yield | — | — | — | — | — | — | — | — | 3.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% |
| Total Shareholder Yield | 3.2% | 3.7% | 2.1% | 4.0% | 3.1% | 3.7% | 5.1% | 4.4% | 4.3% | 4.6% | 5.8% |
| Shares Outstanding | — | $1.0B | $1.0B | $997M | $987M | $980M | $977M | $974M | $969M | $949M | $927M |
Compare EXC with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| EXCYou | $50B | 18.1 | 11.3 | — | 45.9% | 21.2% | 9.9% | 5.1% | 5.7 |
| NGG | $93B | 23.6 | 16.3 | — | 77.4% | 26.8% | 8.6% | 4.6% | 6.7 |
| EIX | $33B | 6.5 | 3.5 | — | — | 36.7% | 26.6% | 13.9% | 0.3 |
| FE | $697M | 29.1 | 6.1 | 0.2 | 65.3% | 18.8% | 9.2% | 5.4% | 6.0 |
| EDN | $529M | 5.2 | 6.1 | — | 19.3% | 2.1% | 19.9% | 1.9% | 2.4 |
| Utilities Median | — | 21.0 | 9.4 | 8.1 | 46.6% | 21.0% | 9.4% | 5.0% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how EXC stacks up against sector leader National Grid plc.
Start ComparisonExelon Corporation's current P/E ratio is 18.1x. The historical average is 13.9x. This places it at the 79th percentile of its historical range.
Exelon Corporation's current EV/EBITDA is 11.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.9x.
Exelon Corporation's return on equity (ROE) is 9.9%. The historical average is 11.3%.
Based on historical data, Exelon Corporation is trading at a P/E of 18.1x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Exelon Corporation's current dividend yield is 3.23%.
Exelon Corporation has 45.9% gross margin and 21.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Exelon Corporation's Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.