PPL (PPL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

PPL

NYSE•Utilities•Utilities - Regulated Electric

$33.41+0.18(0.01%)After hours

Market Cap

$25.28B

P/E

20.0x

P/S

2.7x

P/B

1.7x

PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island; sale of wholesale electricity in Kentucky; and generation of electricity from power plants in Kentucky. It generates electricity from coal, gas, hydro, and solar sources. The company was formerly known as PP&L Resources, Inc. and changed its name to PPL Corporation in 2000. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Growth (21/25); weakest: Cash & Earnings Quality (1/25).

Profitability18/25

Growth21/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality1/25

Strengths

Strong marginsRising earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.0x5y range 10.8x – 28.2x

Currently near its 16-quarter median.

P/S · 2.7x5y range 2.2x – 3.5x

Currently near its 20-quarter median.

P/B · 1.7x5y range 1.4x – 2.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Watch

Debt-to-equity has risen 22.9% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $25.28B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.51B
Q. Revenue: $2.14B
TTM EBITDA: $2.27B
TTM Op. Income: $2.27B
Q. Op. Income: $475.00M
TTM Net Income: $1.27B
Q. Net Income: $230.00M
EPS: $0.31
Shares Out.: $752.36M

$9.51B in TTM revenue grew 13.0% YoY, reaching $2.14B last quarter. TTM EBITDA of $2.27B and TTM operating income of $2.27B show growth is flowing through to the bottom line. TTM net income of $1.27B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 22.2%
Op. Margin: 22.2%
Net Margin: 10.8%

Op. margin of 22.2% is up 2.3% YoY — cost efficiency is improving. Net margin at 10.8% Over the past year, operating margin is up 12% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.0x
P/S Ratio: 2.7x
P/B Ratio: 1.7x

At 20.0x P/E, the stock trades within typical market levels. P/S of 2.7x and P/B of 1.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 29% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $46.30B
Cash: $332.00M
Long-Term Debt: $19.79B
Book Value: $15.04B
D/E Ratio: 1.3
Debt/EBITDA: 41.7

With $46.30B in assets and $19.79B in long-term debt, D/E is 1.3and book value is $15.04B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 4 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $583.00M
TTM Free Cash Flow: $-1.99B
FCF Margin: -21.0%
FCF / Net Income: -1.6

TTM FCF of $-1.99B on $583.00M in operating cash flow. The FCF / Net Income ratio of -1.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 7 consecutive quarters — a weakening trend.