As of Jun 29, 2026, the PPL stock's PE ratio is 22.4. This results from the current EPS of $1.64 and stock price of $36.74. The P/E ratio has a decrease of 6% from the past four quarters average of 23.9.
PPL PE ratio history
The PE ratio of PPL has averaged 19.88 over the last ten years. The current PE ratio of 22.4 is 13% above the historical average. Over the past ten years, PPL's PE ratio was at its highest in the Mar 2022 quarter at 34, when the stock price was $28.56 and the EPS was $0.84. The lowest value was in the Mar 2020 quarter, when it reached 9.99 with a price of $24.68 and an EPS of $2.47.
PPL PE ratio by year
Maximum annual increase: 145.57% in 2015
Maximum annual decrease: -64.01% in 2016
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 21.89 | -19.08% | $35.02 | $1.6 |
| 2024 | 27.05 | -0.18% | $32.46 | $1.2 |
| 2023 | 27.1 | -4.48% | $27.1 | $1 |
| 2022 | 28.37 | N/A | $29.22 | $1.03 |
| 2021 | N/A | N/A | $30.06 | -$1.93 |
| 2020 | 14.76 | -1.67% | $28.2 | $1.91 |
| 2019 | 15.01 | 37.2% | $35.88 | $2.39 |
| 2018 | 10.94 | -42.02% | $28.33 | $2.59 |
| 2017 | 18.87 | 55.18% | $30.95 | $1.64 |
| 2016 | 12.16 | -64.01% | $34.05 | $2.8 |
| 2015 | 33.79 | 145.57% | $34.13 | $1.01 |
| 2014 | 13.76 | -15.38% | $36.33 | $2.64 |
| 2013 | 16.26 | 48.22% | $30.09 | $1.85 |
| 2012 | 10.97 | 1.01% | $28.63 | $2.61 |
| 2011 | 10.86 | -10.47% | $29.42 | $2.71 |
PPL PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 23.29 | 6.4% | $38.2 | $1.64 |
| Dec 2025 | 21.89 | -12.82% | $35.02 | $1.6 |
| Sep 2025 | 25.11 | -0.71% | $37.16 | $1.48 |
| Jun 2025 | 25.29 | -5.46% | $33.89 | $1.34 |
| Mar 2025 | 26.75 | -1.11% | $36.11 | $1.35 |
| Dec 2024 | 27.05 | -8.43% | $32.46 | $1.2 |
| Sep 2024 | 29.54 | 21.81% | $33.08 | $1.12 |
| Jun 2024 | 24.25 | -9.28% | $27.65 | $1.14 |
| Mar 2024 | 26.73 | -1.37% | $27.53 | $1.03 |
| Dec 2023 | 27.1 | 27.65% | $27.1 | $1 |
| Sep 2023 | 21.23 | -16.55% | $23.56 | $1.11 |
| Jun 2023 | 25.44 | -3.89% | $26.46 | $1.04 |
| Mar 2023 | 26.47 | -6.7% | $27.79 | $1.05 |
| Dec 2022 | 28.37 | 5.19% | $29.22 | $1.03 |
| Sep 2022 | 26.97 | -3.58% | $25.35 | $0.94 |
PPL Price vs fair value
PPL average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, PPL's PE ratio is above the 10-year historical average, but it is below the 3 and 5-year averages.
PE comparison
PPL's P/E of 22.4 is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 20.4, PPL's P/E is 10% higher.
PPL PE vs peers
Compared to its peers SO and ETR, PPL's PE ratio stands lower, however it is higher than NEE's and DUK's. PPL's current PE ratio of 22.4 is above the average of its peers, which is 20.94.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AES Aes Corp | 7.82 | $10.43B |
| EXC Exelon Corp | 17.15 | $48.24B |
| ED Consolidated Edison Inc | 18.84 | $41.38B |
| DUK Duke Energy CORP | 19.65 | $100.05B |
| AEP American Electric Power Co Inc | 20.26 | $75.07B |
| NEE Nextera Energy Inc | 22.39 | $184.89B |
| PPL PPL Corp | 22.4 | $27.64B |
| POR Portland General Electric Co | 23.3 | $6.04B |
| SO Southern Co | 24.56 | $109.07B |
| FE Firstenergy Corp | 26.12 | $27.8B |
| ETR Entergy Corp | 29.3 | $53.26B |
Frequently asked questions
What is PPL's PE ratio?
The price to earnings ratio for PPL stock is 22.4 as of Jun 29, 2026.
What is the 3-year average PE ratio for PPL (PPL)?
As an average over the last 3 years, PPL stock has a PE ratio of 25.29.
What is the 5-year average PE ratio for PPL (PPL)?
As an average over the last 5 years, PPL stock has a PE ratio of 26.32.
What is the highest PE ratio for PPL?
Over the last ten years, the quarterly PE ratio reached a historic high of 34 in the Mar 2022 quarter.
How does the current PE ratio for PPL compare to its historical average?
PPL's price to earnings ratio is currently 13% above its 10-year historical average.
How is PPL's PE ratio calculated (PPL PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jun 29, 2026), PPL's stock price is $36.74. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $1.64. Therefore, PPL's P/E ratio for today is 22.4. PE RATIO(22.4) = STOCK PRICE($36.74) / TTM EPS($1.64)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.