Constellation Energy Corp. (CEG) intrinsic value & 10-year financials
Constellation Energy Corp. (CEG) has a Graham intrinsic value of $139.69 per share. At $271.37 on Oct 17, 2026, the stock trades 94% above that value. Over the last 7 fiscal years revenue grew 6.7% a year to $22.7B, with an average return on invested capital of 6.6%.
- Graham intrinsic value
- $139.69
- Share price (Oct 17, 2026)
- $271.37
- Price vs Graham value
- 94% above
- Market cap
- $85.2B
- Revenue (FY2025)
- $22.7B
- Revenue growth (7-yr CAGR)
- 6.7%
- ROIC (10-yr avg)
- 6.6%
- Free cash flow (FY2025)
- $1.3B
CEG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $22.7B | $2.3B | $7.40 | $1.3B | 13.6% | 11.5% |
| FY2024 | $19.0B | $3.7B | $11.89 | -$5.0B | 22.9% | 20.3% |
| FY2023 | $20.8B | $1.6B | $5.01 | -$7.7B | 7.7% | 6.4% |
| FY2022 | $21.6B | -$160.0M | -$0.49 | -$4.0B | 2.3% | 1.6% |
| FY2021 | $17.3B | -$205.0M | $0.00 | -$2.7B | -2.0% | -1.1% |
| FY2020 | $16.4B | $589.0M | $0.00 | -$1.2B | 1.6% | 1.2% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Constellation Energy revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Constellation Energy has historically struggled to out-earn its cost of capital, averaging just 7.7% ROIC.
Constellation Energy capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Constellation Energy is modeled at 6.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $139.69 per share.