Stocktoria

PPL Corp PPL

NYSE · stock · Electric Services · website · IPO 1948-09-17 · LEI

PPL Corp statistics & valuation

Market cap$27.9B
P / E23.6×
P / S3.0×
P / B1.9×
Dividend yield2.85%
Net margin12.9%
Return on equity7.9%
FCF margin-15.3%
Net debt$17.8B
Net debt / EBITDA5.2×
Enterprise value USD$45.7B
EV / EBITDA13.3×
Earnings yield EBIT/EV4.7%
Return on capital5.2%
Graham number -24.9%$26.62

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($26.62); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
25.30% 15.10% 23.50% 31.20% 26.80% -25.40% 9.60% 8.90% 10.50% 12.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
39.10% 39.00% 36.60% 27.20% 29.00% 24.40% 17.40% 19.60% 20.60% 23.20% 2016201720182019202020212022202320242025
Return on equity (%)
19.20% 10.50% 15.70% 13.40% 11.00% -10.80% 5.40% 5.30% 6.30% 7.90% 2016201720182019202020212022202320242025
Shares outstanding
680.4M 693.4M 720.3M 767.2M 769.4M 764.8M 736.9M 738.2M 739.9M 751.0M 2016201720182019202020212022202320242025
Net debt ($)
$17.47B $19.36B $19.98B $21.08B $14.25B $7.57B $12.89B $14.28B $16.20B $17.82B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.00% 2.70% 4.20% 3.80% 3.10% -4.50% 2.00% 1.90% 2.20% 2.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-0.40% -9.00% -5.40% 3.30% 8.70% 5.10% -5.40% -7.60% -5.50% -15.30% 2016201720182019202020212022202320242025
Debt / equity (×)
1.80× 1.84× 1.77× 1.69× 1.10× 0.81× 0.95× 1.05× 1.17× 1.27× 2016201720182019202020212022202320242025
EPS ($)
$2.79 $1.64 $2.58 $2.37 $1.91 -$1.93 $1.02 $1.00 $1.20 $1.59 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

PPL Corp trades at about 22.3× earnings — near its 10-year norm (10-year range 12.1×–34.7×, median 22.8×).

12.1× 34.7×

Shaded band = 10-year range (12.1×–34.7×); dot = today's 22.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin23.2%20.6%19.6%17.4%24.4%29.0%27.2%36.6%39.0%39.1%
Net margin12.9%10.5%8.9%9.6%-25.4%26.8%31.2%23.5%15.1%25.3%
FCF margin-15.3%-5.5%-7.6%-5.4%5.1%8.7%3.3%-5.4%-9.0%-0.4%
Return on assets2.6%2.2%1.9%2.0%-4.5%3.1%3.8%4.2%2.7%5.0%
Return on equity7.9%6.3%5.3%5.4%-10.8%11.0%13.4%15.7%10.5%19.2%
Debt / equity1.27×1.17×1.05×0.95×0.81×1.10×1.69×1.77×1.84×1.80×
Current ratio0.860.860.880.752.161.390.560.530.570.54

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.