PPL Corp
Research PPL Corp (PPL) on Bullrun: valuation model: 1.6% undervalued, market cap USD 26.33B, P/E 20.8, dividend yield 3.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPPL
- ExchangeNYSE
- CountryUnited States
- SectorUtilities
- IndustryUtilities-Regulated Electric
- CurrencyUSD
- Valuation signal1.6% undervalued
- Market capUSD 26.33B
- P/E20.8
- Dividend yield3.2%
- Financial periodQ1 2026
- RevenueUSD 2.77B
- Net incomeUSD 452.00M
- Free cash flow-USD 501.00M
- Gross margin43.9%
Valuation Snapshot
Bullrun's latest valuation model marks PPL Corp as 1.6% undervalued; latest market cap is USD 26.33B; P/E is 20.8; dividend yield is 3.2%.
Peer valuation comparison
Latest P/E is 20.78x versus a Utilities sector median of 17.14x (21.3% above).
Latest dividend yield is 3.23% versus a Utilities sector median of 3.61% (10.5% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 9.17B | USD 1.18B | -USD 1.40B | 42.1% | 1.59 | USD 1.07B | USD 18.89B | USD 14.88B |
| FY2024 | USD 8.44B | USD 888.00M | -USD 465.00M | 40.2% | 1.2 | USD 306.00M | USD 16.50B | USD 14.08B |
| FY2023 | USD 8.29B | USD 740.00M | -USD 632.00M | n/a | 1 | USD 331.00M | USD 14.61B | USD 13.93B |
| FY2022 | USD 7.79B | USD 756.00M | -USD 425.00M | n/a | 1.02 | USD 356.00M | USD 13.24B | USD 13.92B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 26.33B | 20.8 | 3.2% | 1.11 |
| 2025 | 2025-12-31 | USD 26.30B | 22.0 | 3.1% | 1.08 |
| 2024 | 2024-12-31 | USD 23.96B | 27.1 | 3.2% | 1.04 |
| 2023 | 2023-12-29 | USD 19.98B | 25.8 | 3.5% | 0.96 |
| 2022 | 2022-12-30 | USD 21.52B | 30.8 | 3.0% | 0.89 |
| 2021 | 2021-12-31 | USD 22.10B | 176.8 | 5.6% | 1.68 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.11 USD, yield 3.2%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.09 USD |
| FY2024 | 1.03 USD |
| FY2023 | 0.96 USD |
| FY2022 | 0.88 USD |
About PPL Corp
PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island;
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Frequently asked questions
Is PPL Corp overvalued or undervalued?
Bullrun's valuation model currently marks PPL Corp as 1.6% undervalued.
What is PPL Corp's market cap?
PPL Corp's market capitalization is USD 26.33B.
What is PPL Corp's P/E ratio?
PPL Corp's price-to-earnings (P/E) ratio is 20.8.
Does PPL Corp pay a dividend?
PPL Corp has a dividend yield of 3.2%.
What does PPL Corp do?
PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island; sale of wholesale electricity in Kentucky; and generation of electricity from power plants in Kentucky.