Constellation Energy (CEG) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Constellation Energy (CEG), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

CEG

GSPC

Constellation Energy (CEG) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Constellation Energy (CEG) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Constellation Energy (CEG) metric values compared with Utilities industry-group medians
Metric	Current stock: CEG	Industry group median
1-Year Return	-15.08%	16.99%

Risk

Drawdown

CEG

GSPC

Constellation Energy (CEG) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Constellation Energy (CEG) metric values compared with Utilities industry-group medians
Metric	Current stock: CEG	Industry group median
1-Year Volatility	46.67%	21.63%
Beta	1.13	0.55

Company Profile

Company profile fields for Constellation Energy (CEG)
Profile Item	CEG
Name	Constellation Energy Corporation
Country/Region	United States
GICS Sector	Utilities
GICS Industry Group	Utilities
GICS Industry	Electric Utilities
GICS Sub-Industry	Electric Utilities
Market Capitalization	90.62 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	January 19, 2022
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Constellation Energy (CEG) trades at P/E ratio of 22.03, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

CEG

Utilities industry group

22.03

Group distribution

Max: 31.39
Q3: 22.99
CEG: 22.03
Median: 19.91
Q1: 16.35
Min: 7.60

Largest peers

SRE: 31.39
SO: 24.04
CEG: 22.03
NEE: 21.82
DUK: 19.23
AEP: 19.12
NGG: 18.68

Where Constellation Energy (CEG) stands on P/E ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Constellation Energy (CEG) trades at 3.03 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

CEG

Utilities industry group

3.03

Group distribution

Max: 6.44
Q3: 3.60
CEG: 3.03
Median: 2.62
Q1: 1.64
Min: 0.00

Largest peers

NEE: 6.44
NGG: 4.60
SRE: 4.45
SO: 3.51
AEP: 3.13
CEG: 3.03
DUK: 2.98

Where Constellation Energy (CEG) stands on P/S ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Constellation Energy (CEG) trades at 2.75 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

CEG

Utilities industry group

2.75

Group distribution

Max: 3.79
CEG: 2.75
Q3: 2.41
Median: 1.90
Q1: 1.42
Min: 0.34

Largest peers

NGG: 8.19
NEE: 3.25
SO: 2.85
CEG: 2.75
AEP: 2.21
SRE: 1.91
DUK: 1.82

Where Constellation Energy (CEG) stands on P/B ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Constellation Energy (CEG) metric values compared with Utilities industry-group medians
Metric	Current stock: CEG	Industry group median
Price-to-Earnings Ratio (TTM)	22.03	19.91
Price-to-Sales Ratio (TTM)	3.03	2.62
Price-to-Book Ratio (MRQ)	2.75	1.90
Free Cash Flow Yield	-4.94%	-5.99%

Profitability

Return on Equity (TTM)

Constellation Energy (CEG) posts ROE of 16.11%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

CEG

Utilities industry group

16.11%

Group distribution

CEG: 16.11%
Max: 16.11%
Q3: 11.15%
Median: 9.46%
Q1: 7.50%
Min: 2.67%

Largest peers

CEG: 16.11%
AEP: 12.59%
SO: 10.99%
NEE: 10.33%
DUK: 9.66%
NGG: 8.41%
SRE: 5.69%

Where Constellation Energy (CEG) stands on ROE within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Constellation Energy (CEG) keeps 12.69% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

CEG

Utilities industry group

12.69%

Group distribution

Max: 29.37%
Q3: 17.31%
CEG: 12.69%
Median: 12.55%
Q1: 9.24%
Min: -0.65%

Largest peers

NEE: 29.37%
NGG: 18.32%
AEP: 16.29%
DUK: 15.71%
SO: 14.46%
SRE: 14.43%
CEG: 12.69%

Where Constellation Energy (CEG) stands on net margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Constellation Energy (CEG) turns 21.86% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

CEG

Utilities industry group

21.86%

Group distribution

Max: 43.52%
Q3: 30.09%
Median: 23.50%
CEG: 21.86%
Q1: 16.61%
Min: 0.00%

Largest peers

NGG: 32.60%
SRE: 30.62%
NEE: 30.18%
SO: 25.82%
DUK: 25.51%
AEP: 23.74%
CEG: 21.86%

Where Constellation Energy (CEG) stands on operating margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Constellation Energy (CEG) metric values compared with Utilities industry-group medians
Metric	Current stock: CEG	Industry group median
Return on Equity (TTM)	16.11%	9.46%
Return on Assets (TTM)	4.20%	2.96%
Net Profit Margin (TTM)	12.69%	12.55%
Operating Profit Margin (TTM)	21.86%	23.50%
Gross Profit Margin (TTM)	23.26%	43.69%

Financial Strength

Current Ratio (MRQ)

Constellation Energy (CEG) has current ratio of 1.36, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

CEG

Utilities industry group

1.36

Group distribution

Max: 1.88
CEG: 1.36
Q3: 1.16
Median: 0.90
Q1: 0.65
Min: 0.33

Largest peers

SRE: 1.69
CEG: 1.36
NGG: 0.76
DUK: 0.66
SO: 0.65
NEE: 0.54
AEP: 0.53

Where Constellation Energy (CEG) stands on current ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

Constellation Energy (CEG) has debt-to-equity ratio of 0.66, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

CEG

Utilities industry group

0.66

Group distribution

Max: 3.02
Q3: 1.81
Median: 1.34
Q1: 0.85
CEG: 0.66
Min: 0.00

Largest peers

SO: 1.90
DUK: 1.61
AEP: 1.57
NEE: 1.57
NGG: 1.21
SRE: 0.85
CEG: 0.66

Where Constellation Energy (CEG) stands on debt-to-equity ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

Constellation Energy (CEG) metric values compared with Utilities industry-group medians
Metric	Current stock: CEG	Industry group median
Current Ratio (MRQ)	1.36	0.90
Debt-to-Equity Ratio (MRQ)	0.66	1.34
Net Debt / EBITDA	2.71	5.41

Dividends

Dividend Yield (TTM)

Constellation Energy (CEG) has dividend yield of 0.67%, in the lower peer-yield quartile. Dividend income is lighter than at most industry peers, which may reflect a greater tilt toward reinvestment, buybacks, or growth.

CEG

Utilities industry group

0.67%

Group distribution

Max: 6.25%
Q3: 3.95%
Median: 3.10%
Q1: 2.33%
CEG: 0.67%
Min: 0.00%

Largest peers

NGG: 3.96%
DUK: 3.41%
SO: 3.23%
AEP: 2.94%
NEE: 2.90%
SRE: 2.85%
CEG: 0.67%

Where Constellation Energy (CEG) stands on dividend yield within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Constellation Energy (CEG) has payout ratio of 13.81%, below the peer payout band. More earnings are being kept inside the business, but that is a dividend-policy choice rather than a coverage advantage on its own.

CEG

Utilities industry group

13.81%

Group distribution

Max: 116.67%
Q3: 73.40%
Median: 58.69%
Q1: 36.87%
CEG: 13.81%
Min: 0.00%

Largest peers

SRE: 88.18%
SO: 75.70%
NGG: 71.18%
DUK: 65.23%
NEE: 58.95%
AEP: 55.62%
CEG: 13.81%

Where Constellation Energy (CEG) stands on payout ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Constellation Energy (CEG) metric values compared with Utilities industry-group medians
Metric	Current stock: CEG	Industry group median
Dividend Yield (TTM)	0.67%	3.10%
Dividend Payout Ratio (TTM)	13.81%	58.69%