Portland General Electric Co. /OR/ (POR) intrinsic value & 10-year financials
Portland General Electric Co. /OR/ (POR) has a Graham intrinsic value of $33.70 per share. At $44.15 on Oct 17, 2026, the stock trades 31% above that value. Over the last 10 fiscal years revenue grew 7.1% a year to $3.6B, with an average return on invested capital of 5.5%.
- Graham intrinsic value
- $33.70
- Share price (Oct 17, 2026)
- $44.15
- Price vs Graham value
- 31% above
- Market cap
- $4.9B
- Revenue (FY2025)
- $3.6B
- Revenue growth (10-yr CAGR)
- 7.1%
- ROIC (10-yr avg)
- 5.5%
- Free cash flow (FY2025)
- -$71.0M
POR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.6B | $306.0M | $2.77 | -$71.0M | 15.6% | 5.2% |
| FY2024 | $3.5B | $313.0M | $3.01 | -$490.0M | 14.7% | 5.6% |
| FY2023 | $2.9B | $228.0M | $2.33 | -$938.0M | 13.6% | 4.7% |
| FY2022 | $2.6B | $233.0M | $2.60 | -$92.0M | 15.1% | 5.3% |
| FY2021 | $2.4B | $244.0M | $2.72 | -$104.0M | 15.6% | 5.8% |
| FY2020 | $2.2B | $155.0M | $1.72 | -$217.0M | 12.5% | 4.9% |
| FY2019 | $2.1B | $214.0M | $2.39 | -$60.0M | 16.6% | 6.1% |
| FY2018 | $2.0B | $212.0M | $2.37 | $35.0M | 17.4% | 6.6% |
| FY2017 | $2.0B | $187.0M | $2.10 | $83.0M | 18.7% | 5.4% |
| FY2016 | $1.9B | $193.0M | $2.16 | -$31.0M | 17.3% | 5.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
PORTLAND GENERAL ELECTRIC CO /OR/ has demonstrated mature, steady growth, with revenue compounding at 7.1% annually over the past decade.
PORTLAND GENERAL ELECTRIC CO /OR/ has historically struggled to out-earn its cost of capital, averaging just 5.5% ROIC.
Over the decade, PORTLAND GENERAL ELECTRIC CO /OR/ shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, PORTLAND GENERAL ELECTRIC CO /OR/ is modeled at 2.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $33.70 per share.