Is Eversource Energy (ES) overvalued?
On Equity Rank's model estimate, ES trades close to its fair value (1% below it). Eversource Energy (ES) last closed at $69.84; the multi-method model fair value is $70.41.
| Price | Model fair value | Price vs model |
|---|---|---|
| $69.84 | $70.41 | 1% below |
What the answer rests on
- 5 of 10 valuation methods put ES's value above its price and 5 put it below, so the methods disagree.
- ES trades at 18.2 times its last year's earnings, against a median of 21.2 for 66 profitable Utilities companies.
- Over the past year the price sat below the model fair value on 44% of trading days. The gap ranged from 33% below to 21% above the model fair value.
Read this before relying on it
The model fair value is an estimate from published financial statements. It is not a forecast of where the price goes, and it can be wrong. Within 10% either side we call it close to fair value: valuation models are not precise enough to read more into a smaller gap. Our own lists have no proven edge over the market yet; the live record shows every result, misses included.
Every valuation method behind ES's fair value · What prices assume · Other companies