Stock fact sheet · data as of
Consolidated Edison, Inc. (ED): fair value, margin of safety and Wheel Score
Utilities · Regulated Electric · United States · Defensive
Is ED undervalued?
At 109.86 (close of 16 Oct 2026), ED trades within a few percent of the GLS average fair value of 107.82 (1.9% above fair value). 9 models produced a value and they split 3 above the price to 6 below. A stock priced at fair value earns about half of the Wheel Score's Value points; the rest of the score comes from health, moat, premium and stability.
There is a wide gap between GLS Growth (32.11) and Payback Time (288.84). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files ED under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for ED
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 60.22 | -45% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 97.12 | -12% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 125.65 | +14% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 38.70 | -65% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 32.11 | -71% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 209.22 | +90% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 288.84 | +163% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 51.68 | -53% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 66.79 | -39% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -118.48 | -208% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 105.56 | -4% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Consolidated Edison, Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 4.2/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 3.8%, ROE 8.4%, ROA 2.7% - with debt at 1.19 times equity and a free-cash-flow yield of 12.5%.
The dividend yield is 3.20% at a payout ratio of 55%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Electricity 77%, Oil and Gas, Purchased 20%, Steam 3% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 3.8% |
|---|---|---|---|
| GLS Moat | 4.2 / 10 | ROE | 8.4% |
| Debt / equity | 1.19 | ROA | 2.7% |
| Free-cash-flow yield | 12.5% | Payout ratio | 55% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 1 / 10 |
Wheel Score 60: Fair
A Wheel Score of 60 puts Consolidated Edison, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 12/25, Health 13/20, Moat 6/15, Premium 8/20 and Stability 20/20; the weakest part is Moat (6/15).
Implied volatility is 23% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (8 of 20 points). Chain open interest is 17,173 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 3.2M shares a day on a market cap of $40.5B, with a beta of 0.25 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 12 / 25 | -2% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 6 / 15 | moat 4.2/10 | |
| Premium | 8 / 20 | implied volatility 23% | |
| Stability | 20 / 20 | 3.2M shares/day, $40.5B cap, beta 0.25 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026 (after the close), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Regulated Electric
The 12 companies below are the closest to Consolidated Edison, Inc. by market cap within the Regulated Electric industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| DUKU Duke Energy Corporation Units 1.08.29 | 48.50 | 46.86 | -4% | 35No options | $37.8B |
| EXC Exelon Corporation | 42.48 | 30.26 | -40% | 50Fair | $43.8B |
| ELC Entergy Louisiana, LLC COLLATERAL TR MT | 18.37 | 78.48 | +77% | 39No options | $46.3B |
| PCG PG&E Corporation | 13.15 | 19.12 | +31% | 85Prime | $35.2B |
| PEG Public Service Enterprise Group Incorporated | 70.53 | 72.39 | +3% | 70Good | $35.1B |
| PPLC PPL Corporation | 46.39 | 24.08 | -93% | 30No options | $34.9B |
| XEL Xcel Energy Inc. | 75.36 | 40.80 | -85% | 51Fair | $47.1B |
| WEC WEC Energy Group, Inc. | 106.75 | 63.04 | -69% | 56Fair | $34.8B |
| ETR Entergy Corporation | 103.96 | 50.02 | -108% | 48Weak | $49.7B |
| D Dominion Energy, Inc. | 62.86 | 43.16 | -46% | 49Weak | $55.3B |
| UEPCO Union Electric Company | 86.25 | 65.33 | -32% | 33No options | $29.6B |
| AEE Ameren Corporation | 103.76 | 62.45 | -66% | 54Fair | $28.7B |
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Start free See the Sunday ScanQuestions about ED
Is ED undervalued right now?
Not meaningfully: at 109.86 the stock trades within a few percent of the GLS average fair value of 107.82 (1.9% above fair value, data as of 16 Oct 2026).
What is the Wheel Score of ED and what does it mean?
ED scores 60 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ED?
107.82 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Consolidated Edison, Inc. report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ED have listed options, and how liquid are they?
Yes. The nightly snapshot found 324 listed contracts with 17,173 open interest across all expiries and implied volatility of 23% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.