Constellation Energy Corporation (CEG) Key Metrics
CEG valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $96.15B
- Enterprise value
- $124.89B
- P/E (TTM)
- 26.5 10-yr median 23.3
- Forward P/E
- 20.7
- PEG ratio
- 3.74
- Price / sales
- 3.1 10-yr median 2.3
- Price / book
- 3.2 10-yr median 4.4
- EV / EBITDA
- 15.2 10-yr median 11.4
- Dividend yield
- 0.63% $1.71 a year
- Beta
- 1.13
CEG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCEG valuation Price multiples at each fiscal year-end price.
CEG returns How much profit the business earns on the capital it uses.
CEG per-share figures Results divided by the shares outstanding at year-end.
CEG financial health Debt, liquidity and how easily interest is covered.
CEG efficiency & capital use Working capital cycle and where the cash goes.
CEG valuation history
CEG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CEG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CEG cash returned to shareholders
CEG price vs earnings per share
CEG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $110.93B | $70.47B | $37.87B | $28.28B | — | — | — | — | — | — |
| Enterprise value | $116.17B | $75.86B | $46.77B | $33.62B | — | — | — | — | — | — |
| P/E ratio | 47.8 | 18.8 | 23.3 | — | — | — | — | — | — | — |
| Price / sales | 4.3 | 3.0 | 1.5 | 1.2 | — | — | — | — | — | — |
| Price / book | 7.6 | 5.4 | 3.5 | 2.6 | — | — | — | — | — | — |
| Price / free cash flow | 86.1 | — | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 26.2 | — | — | — | — | — | — | — | — | — |
| EV / sales | 4.5 | 3.2 | 1.9 | 1.4 | — | — | — | — | — | — |
| EV / EBITDA | 20.6 | 10.9 | 11.3 | 11.5 | — | — | — | — | — | — |
| EV / free cash flow | 90.2 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 2.1% | 5.3% | 4.3% | −0.6% | — | — | — | — | — | — |
| Free cash flow yield | 1.2% | −7.1% | −20.4% | −14.3% | — | — | — | — | — | — |
| Dividend yield | 0.4% | 0.6% | 1.0% | 0.7% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.8% | 2.0% | 3.6% | 0.7% | — | — | — | — | — | — |
| Share price at fiscal year-end | $353.27 | $223.71 | $116.89 | $86.21 | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $81.32 | $74.82 | $76.91 | $74.51 | $60.15 | $53.89 | $57.93 | $62.63 | $56.70 | $54.42 |
| Earnings per share | $7.39 | $11.90 | $5.01 | −$0.49 | −$0.63 | $1.80 | $3.44 | $1.13 | $8.31 | $1.48 |
| Operating cash flow per share | $13.49 | −$7.82 | −$16.36 | −$7.17 | −$4.10 | $1.79 | $8.79 | $11.83 | $10.11 | $13.61 |
| Free cash flow per share | $4.10 | −$15.97 | −$23.84 | −$12.32 | −$8.16 | −$3.56 | $3.15 | $4.96 | $3.19 | $4.18 |
| Cash per share | $11.94 | $9.59 | $1.14 | $1.29 | $1.54 | $0.69 | $0.93 | $2.30 | $1.27 | $0.89 |
| Book value per share | $46.23 | $41.80 | $33.72 | $33.59 | $34.34 | $37.96 | $41.28 | $40.47 | $41.89 | $35.19 |
| Tangible book value per share | $44.89 | $40.46 | $31.93 | $32.91 | $26.29 | $37.67 | $40.99 | $39.18 | $40.54 | $33.67 |
| Dividends per share | $1.55 | $1.41 | $1.13 | $0.56 | $5.61 | $5.31 | $2.75 | $3.07 | $2.02 | $2.83 |
| Capex per share | $9.39 | $8.14 | $7.48 | $5.15 | $4.07 | $5.35 | $5.65 | $6.87 | $6.92 | $9.43 |
| Debt per share | $28.64 | $26.70 | $28.58 | $17.59 | $25.09 | $22.08 | $25.39 | $27.25 | $27.72 | $30.63 |
| Shares outstanding | 314.0M | 315.0M | 324.0M | 328.0M | 326.7M | 326.7M | 326.7M | 326.3M | 326.3M | 326.3M |
| Change in shares outstanding | −0.3% | −2.8% | −1.2% | +0.4% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.8% | 31.1% | 14.8% | −1.4% | −1.7% | 4.6% | 8.4% | 2.8% | 21.5% | 4.2% |
| Return on invested capital (ROIC) | 10.7% | 18.8% | 5.8% | 2.2% | −0.9% | 0.9% | 4.3% | 4.5% | 4.4% | 2.3% |
| Return on assets (ROA) | 4.2% | 7.2% | 3.3% | −0.3% | −0.4% | 1.2% | 2.3% | 0.8% | 5.7% | 1.0% |
| Return on tangible assets | 4.1% | 7.1% | 3.2% | −0.3% | −0.5% | 1.2% | 2.3% | 0.8% | 5.6% | 1.0% |
| Free cash flow margin | 5.0% | −21.3% | −31.0% | −16.5% | −13.6% | −6.6% | 5.4% | 7.9% | 5.6% | 7.7% |
| Income quality (OCF / net income) | 1.83 | −0.66 | −3.27 | — | — | 0.99 | 2.55 | 10.44 | 1.22 | 9.20 |
| Financial health | ||||||||||
| Total debt | $8.99B | $8.41B | $9.26B | $5.77B | $8.20B | $7.21B | $8.29B | $8.89B | $9.05B | $9.99B |
| Cash & short-term investments | $3.75B | $3.02B | $368.0M | $422.0M | $504.0M | $226.0M | $303.0M | $750.0M | $416.0M | $290.0M |
| Net debt | $5.24B | $5.39B | $8.89B | $5.35B | $7.69B | $6.99B | $7.99B | $8.14B | $8.63B | $9.71B |
| Debt / equity | 0.62 | 0.64 | 0.85 | 0.52 | 0.73 | 0.58 | 0.62 | 0.67 | 0.66 | 0.87 |
| Debt / assets | 0.16 | 0.16 | 0.18 | 0.12 | 0.17 | 0.15 | 0.17 | 0.19 | 0.19 | 0.21 |
| Net debt / EBITDA | 0.93 | 0.77 | 2.14 | 1.83 | 2.02 | 1.62 | 1.85 | 1.86 | 2.08 | 2.15 |
| Current ratio | 1.53 | 1.57 | 1.31 | 1.19 | 1.00 | 1.33 | 0.97 | 1.46 | 1.64 | 1.15 |
| Quick ratio | 1.31 | 1.34 | 1.08 | 1.00 | 0.84 | 1.10 | 0.80 | 1.25 | 1.36 | 0.93 |
| Interest coverage | 6.0 | 8.6 | 3.7 | 2.0 | -1.2 | 0.7 | 3.1 | 2.3 | 2.2 | 2.3 |
| Working capital | $4.17B | $3.93B | $1.98B | $1.52B | −$15.0M | $1.73B | −$213.0M | $2.66B | $2.69B | $845.0M |
| Invested capital | $19.76B | $18.56B | $19.82B | $16.36B | $18.91B | $19.39B | $21.48B | $21.35B | $22.30B | $21.19B |
| Tangible asset value | $14.43B | $13.12B | $10.71B | $11.15B | $8.98B | $14.58B | $15.74B | $15.09B | $15.52B | $12.76B |
| Net current asset value | −$30.28B | −$28.61B | −$31.17B | −$26.18B | −$28.49B | −$26.47B | −$26.09B | −$23.61B | −$25.62B | −$27.19B |
| Graham number | $87.65 | $105.80 | $61.65 | — | — | $39.24 | $56.56 | $32.13 | $88.48 | $34.23 |
| Graham net-net per share | −$110.13 | −$104.05 | −$111.78 | −$97.18 | −$102.58 | −$95.53 | −$90.06 | −$86.90 | −$89.96 | −$94.61 |
| Capital allocation | ||||||||||
| Dividends paid | $486.0M | $444.0M | $366.0M | $185.0M | $1.83B | $1.73B | $899.0M | $1.00B | $659.0M | $922.0M |
| Share buybacks (net) | $400.0M | $999.0M | $992.0M | $0 | $64.0M | $64.0M | $41.0M | — | — | — |
| Dividend payout ratio | 21.0% | 11.8% | 22.6% | — | — | 294.4% | 79.9% | 270.5% | 24.3% | 190.9% |
| Dividends + buybacks / free cash flow | 68.8% | — | — | — | — | — | 91.4% | 61.8% | 63.4% | 67.6% |
| Capex / revenue | 11.5% | 10.9% | 9.7% | 6.9% | 6.8% | 9.9% | 9.7% | 11.0% | 12.2% | 17.3% |
| Capex / operating cash flow | 69.6% | — | — | — | — | 299.1% | 64.2% | 58.1% | 68.5% | 69.3% |
| Capex / depreciation | 1.13 | 0.95 | 0.96 | 0.70 | 0.29 | 0.48 | 0.60 | 0.66 | 0.81 | 1.12 |
| Stock-based compensation / revenue | — | — | 0.7% | 0.5% | −3.3% | −2.1% | −1.4% | 0.4% | 0.5% | 0.4% |
| SG&A / revenue | — | — | 0.7% | 1.4% | — | — | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 57.1 | 50.9 | 45.2 | 42.8 | 39.6 | 58.0 | 66.2 | 53.1 | 53.5 | 49.0 |
| Days of inventory on hand | 29.2 | 32.2 | 25.3 | 22.9 | 27.0 | 31.5 | 28.9 | 25.7 | 28.8 | 31.6 |
| Days payables outstanding | 45.4 | 40.0 | 36.3 | 37.5 | 32.5 | 37.5 | 41.3 | 38.8 | 40.4 | 40.5 |
| Cash conversion cycle (days) | 40.9 | 43.1 | 34.2 | 28.2 | 34.1 | 51.9 | 53.8 | 40.0 | 41.9 | 40.1 |
| Receivables turnover | 6.40 | 7.18 | 8.08 | 8.52 | 9.22 | 6.30 | 5.51 | 6.87 | 6.82 | 7.45 |
| Payables turnover | 8.04 | 9.13 | 10.07 | 9.73 | 11.23 | 9.73 | 8.83 | 9.40 | 9.04 | 9.00 |
| Inventory turnover | 12.49 | 11.34 | 14.43 | 15.97 | 13.53 | 11.59 | 12.62 | 14.18 | 12.68 | 11.54 |
| Asset turnover | 0.46 | 0.45 | 0.51 | 0.51 | 0.41 | 0.36 | 0.39 | 0.43 | 0.39 | 0.38 |
| Average receivables | $3.99B | $3.28B | $3.08B | $2.87B | $2.13B | $2.79B | $3.43B | $2.98B | $2.71B | $2.38B |
| Average payables | $2.59B | $1.92B | $2.15B | $2.29B | $1.50B | $1.47B | $1.77B | $1.82B | $1.70B | $1.60B |
| Average inventory | $1.67B | $1.55B | $1.50B | $1.40B | $1.25B | $1.24B | $1.24B | $1.21B | $1.21B | $1.25B |
| Intangibles / total assets | 0.7% | 0.8% | 1.1% | 0.5% | 5.5% | 0.2% | 0.2% | 0.9% | 0.9% | 1.1% |
Computed from CEG's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CEG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Constellation Energy traded at 47.8 times earnings, against a 10-year median of 23.3. Based on the latest twelve months, the trailing P/E is 26.5 and the forward P/E is 20.7. Constellation Energy earned a return on equity of 16.8% and a return on invested capital of 10.7% in fiscal 2025. It ended the year with $9.0 billion of debt and $3.7 billion in cash and short-term investments, net debt of $5.2 billion. It returned $886.0 million to shareholders: $486.0 million in dividends and $400.0 million in share buybacks, 69% of free cash flow. The share count fell 3.8% from 326.3M to 314.0M over 9 years.
See the CEG income statement, the CEG chart for price history, or the CEG stock overview for the latest quote and news.
CEG key metrics FAQ
What is Constellation Energy's P/E ratio?
Constellation Energy's trailing P/E ratio is 26.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 20.7. At the end of fiscal 2025 it was 47.8, compared with a 10-year median of 23.3.
What is Constellation Energy's EV/EBITDA?
Constellation Energy's enterprise value was 20.6 times EBITDA at the end of fiscal 2025 (enterprise value $116.2 billion, EBITDA $5.6 billion); the current EV/EBITDA is 15.2.
What is Constellation Energy's return on equity?
Constellation Energy's return on equity (ROE) was 16.8% in fiscal 2025: net income of $2.3 billion on average shareholders' equity of $13.8 billion.
What is Constellation Energy's ROIC?
Constellation Energy's return on invested capital was 10.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Constellation Energy have?
Constellation Energy had total debt of $9.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.62 and $5.2 billion of net debt (0.93 times EBITDA).
What is Constellation Energy's dividend yield?
Constellation Energy's forward dividend yield is 0.63%. Constellation Energy paid $486.0 million in dividends in fiscal 2025 ($1.55 per share), a payout ratio of 21.0%.
Does Constellation Energy buy back its shares?
Yes. Constellation Energy spent $400.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 314.0M..
What is Constellation Energy's free cash flow yield?
Constellation Energy generated $1.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 1.2% on its market value at year-end ($110.9 billion).
What is Constellation Energy's current ratio?
Constellation Energy's current ratio was 1.53 at the end of fiscal 2025: current assets were 1.53 times current liabilities.