Latest Ratios: P/E Ratio 5.2x · EV/EBITDA 7.1x · ROE 11.5%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $20.4B | $24.0B | $24.2B | $26.3B | $22.9B | $28.0B | $30.0B | $27.7B | $22.4B | $25.7B | — |
| Enterprise Value | $94.1B | $97.7B | $89.4B | $89.1B | $80.1B | $81.7B | $80.0B | $74.4B | $67.8B | $74.3B | — |
| P/E Ratio → | 5.21 | 5.51 | 5.51 | 6.62 | 6.50 | 11.71 | 9.68 | 5.85 | 9.97 | 29.25 | — |
| P/S Ratio | 0.69 | 0.81 | 0.91 | 1.04 | 0.78 | 1.21 | 1.47 | 1.29 | 0.95 | 1.11 | — |
| P/B Ratio | 0.58 | 0.62 | 0.66 | 0.75 | 0.66 | 0.86 | 0.92 | 0.87 | 0.76 | 0.99 | — |
| P/FCF | — | — | 120.45 | — | — | — | — | — | — | — | — |
| P/OCF | 2.08 | 2.44 | 2.47 | 3.48 | 3.63 | 4.54 | 4.48 | 4.80 | 3.22 | 4.01 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.31 | 3.35 | 3.53 | 2.74 | 3.53 | 3.93 | 3.48 | 2.87 | 3.22 | — |
| EV / EBITDA | 7.07 | 7.34 | 7.25 | 8.24 | 8.49 | 10.65 | 9.10 | 6.73 | 7.64 | 7.88 | — |
| EV / EBIT | 12.92 | 11.76 | 11.65 | 13.87 | 13.29 | 19.13 | 15.28 | 13.29 | 14.88 | 27.30 | — |
| EV / FCF | — | — | 444.87 | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 29.8% | 29.8% | 49.9% | 46.4% | 36.3% | 44.3% | 48.6% | 44.8% | 28.1% | 31.3% | 31.3% |
| Operating Margin | 24.7% | 24.7% | 26.4% | 23.1% | 18.3% | 16.0% | 24.0% | 36.1% | 22.5% | 25.9% | 25.6% |
| Net Profit Margin | 14.7% | 14.7% | 16.5% | 15.7% | 12.0% | 10.4% | 15.3% | 22.1% | 9.5% | 3.8% | 12.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 11.5% | 12.2% | 11.4% | 10.5% | 7.4% | 9.7% | 15.4% | 8.1% | 3.3% | 10.2% |
| ROA | 2.9% | 2.9% | 3.1% | 2.9% | 2.7% | 1.9% | 2.6% | 4.0% | 2.0% | 0.8% | 2.7% |
| ROIC | 5.1% | 5.1% | 5.3% | 4.6% | 4.5% | 3.3% | 4.5% | 7.6% | 5.3% | 6.1% | 6.3% |
| ROCE | 5.4% | 5.4% | 5.5% | 4.8% | 4.6% | 3.3% | 4.5% | 7.4% | 5.3% | 6.2% | 6.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.94 | 1.94 | 1.81 | 1.80 | 1.71 | 1.70 | 1.57 | 1.52 | 1.60 | 1.96 | 1.76 |
| Debt / EBITDA | 5.66 | 5.66 | 5.37 | 5.87 | 6.27 | 7.23 | 5.81 | 4.40 | 5.28 | 5.38 | 5.92 |
| Net Debt / Equity | — | 1.90 | 1.78 | 1.78 | 1.66 | 1.65 | 1.54 | 1.46 | 1.55 | 1.88 | 1.69 |
| Net Debt / EBITDA | 5.54 | 5.54 | 5.29 | 5.80 | 6.07 | 7.00 | 5.69 | 4.22 | 5.12 | 5.16 | 5.67 |
| Debt / FCF | — | — | 324.41 | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.51 | 2.51 | 2.83 | 2.50 | 3.37 | 2.31 | 2.78 | 3.08 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.65 | 0.65 | 0.67 | 0.77 | 0.66 | 0.82 | 0.71 | 0.78 | 0.67 | 0.74 | 0.75 |
| Quick Ratio | 0.65 | 0.65 | 0.67 | 0.53 | 0.49 | 0.61 | 0.51 | 0.59 | 0.50 | 0.55 | 0.54 |
| Cash Ratio | 0.10 | 0.10 | 0.07 | 0.06 | 0.12 | 0.16 | 0.09 | 0.16 | 0.10 | 0.16 | 0.15 |
| Asset Turnover | — | 0.19 | 0.18 | 0.18 | 0.22 | 0.18 | 0.17 | 0.18 | 0.20 | 0.21 | 0.18 |
| Inventory Turnover | — | — | — | 4.04 | 6.97 | 5.46 | 4.21 | 4.95 | 7.09 | 6.04 | 4.91 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 13.3% | 12.6% | 12.2% | 11.5% | 12.7% | 9.9% | 8.9% | 9.3% | 10.8% | 9.0% | — |
| Payout Ratio | 69.5% | 69.5% | 67.1% | 76.3% | 82.5% | 116.0% | 86.1% | 54.2% | 108.2% | 261.4% | 84.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 19.2% | 18.1% | 18.2% | 15.1% | 15.4% | 8.5% | 10.3% | 17.1% | 10.0% | 3.4% | — |
| FCF Yield | — | — | 0.8% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 2.6% | — |
| Total Shareholder Yield | 13.3% | 12.6% | 12.2% | 11.5% | 12.7% | 9.9% | 8.9% | 9.3% | 11.0% | 11.5% | — |
| Shares Outstanding | — | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.0B | $1.0B | $958M |
Regulatory and capital intensity
Based on reported figures, the company's forward P/E of 4.48 suggests a market valuation that appears significantly disconnected from standard utility multiples, likely reflecting specific instrument characteristics or a mispricing of the post-Vogtle cash flow profile relative to broader sector peers trading at higher premiums.
The current valuation metrics appear to reflect a deep discount that warrants further investigation, particularly given the transition from high-risk nuclear construction to operational cash generation. Investors should monitor whether this low multiple is a function of the specific security structure or a broader market skepticism regarding the company's ability to sustain its dividend yield in a higher-for-longer interest rate environment.
As reported in financial statements, the earned ROE fluctuated between 1.1% and 4.5% over the last ten quarters, suggesting that the company's realized returns remain sensitive to the timing of regulatory cost recovery and the operational integration of major capital projects into the rate base.
The gap between earned and authorized ROE appears to be a primary driver of earnings volatility, as the company navigates the regulatory lag inherent in large-scale infrastructure deployment. Analysts should interpret these figures as a reflection of the regulatory compact's effectiveness in Georgia and Alabama, where the ability to recover costs remains the most critical determinant of long-term shareholder value.
According to recent SEC filings, the debt-to-capital ratio has remained consistently elevated near 0.65, indicating that the company's aggressive infrastructure investment cycle has necessitated a reliance on debt financing that keeps the balance sheet in a strained position relative to historical utility norms.
The persistent leverage levels suggest that the company's financial flexibility may be constrained, particularly as it manages the interest expense burden associated with its massive asset base. Investors should monitor FFO-to-debt metrics, as any deterioration here could signal a potential challenge to the company's credit quality and its ability to fund future grid modernization without further equity dilution.
Data from the last ten quarters indicates that dividend payout ratios have been highly volatile, reaching as high as 182.9% in 2025Q4, which suggests that the company's ability to maintain its dividend is heavily dependent on non-recurring cash flows or external financing during peak capital expenditure periods.
While the dividend is a core component of the total return profile, the high payout ratios observed in recent periods appear to challenge the long-term sustainability of the current distribution level. This trend warrants further investigation into whether the company's cash flow generation can sufficiently cover both its massive CAPEX requirements and its dividend obligations without relying on continued capital market access.
Based on an analysis of the provided data, the P/E ratio is the most commonly misapplied metric for this utility, as it fails to account for the non-cash AFUDC credits and the capital-intensive nature of the regulatory rate base that fundamentally distort traditional earnings-based valuation comparisons.
Comparing this utility's P/E to industrial peers obscures the reality that earnings are a function of regulatory allowed returns rather than competitive growth. Analysts should instead focus on the relationship between the rate base growth and the authorized ROE, as these factors provide a more accurate assessment of the company's true earnings power and valuation floor.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying SOJC stock.
The Southern Company JR 2017B NT 77's current P/E ratio is 5.2x. The historical average is 10.1x.
The Southern Company JR 2017B NT 77's current EV/EBITDA is 7.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
The Southern Company JR 2017B NT 77's return on equity (ROE) is 11.5%. The historical average is 10.1%.
Based on historical data, The Southern Company JR 2017B NT 77 is trading at a P/E of 5.2x. Compare with industry peers and growth rates for a complete picture.
The Southern Company JR 2017B NT 77's current dividend yield is 13.31% with a payout ratio of 69.5%.
The Southern Company JR 2017B NT 77 has 29.8% gross margin and 24.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
The Southern Company JR 2017B NT 77's Debt/EBITDA ratio is 5.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.