Stock fact sheet · data as of
PPL Corporation (PPL): fair value, margin of safety and Wheel Score
Ticker symbol PPL · Utilities · Regulated Electric · United States · Blend
Is PPL undervalued?
PPL Corporation (PPL) closed at 35.72 on 5 Nov 2026, 55% above the GLS average fair value of 23.06. 6 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The 8 models disagree widely: Payback Time gives 11.43 while Graham Growth gives 40.62. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for PPL, so the nightly engine files it under Blend (value score 34, growth score 47, out of 100).
Nine valuation models for PPL
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 27.52 | -23% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 40.62 | +14% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 13.62 | -62% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 20.21 | -43% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 35.76 | +0% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 11.43 | -68% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 16.59 | -54% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 18.70 | -48% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -35.12 | -198% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 39.69 | +11% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - PPL passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.2 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 3.5%, ROE 7.9%, ROA 2.6% - with debt at 1.30 times equity and a free-cash-flow yield of 1.3%.
The dividend yield is 3.16% at a payout ratio of 65%; 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 Kentucky Regulated 42%, Pennsylvania Regulated 36%, Rhode Island Regulated 23% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 3.5% |
|---|---|---|---|
| GLS Moat | 5.2 / 10 | ROE | 7.9% |
| Debt / equity | 1.30 | ROA | 2.6% |
| Free-cash-flow yield | 1.3% | Payout ratio | 65% |
| Institutions | 10 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 29: Weak
PPL scores 29 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 55% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 5, can repay its debt - 6.8 years to repay its debt (over 6), and the parts are thin too - value weak, premium weak, moat fair, health fair, red flags good, option trading fair, stability strong. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 25% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is 25,339 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 16.0M shares a day on a market cap of $26.9B, with a beta of 0.56 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 55% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | 6.8 years to repay its debt (over 6) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 55% above fair value | |
| Premium | Weak | implied volatility 25% | |
| Moat | Fair | moat 5.2/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Good | Red Flags score 82/100 | |
| Option trading | Fair | 917 contracts a day, 25,339 open interest | |
| Stability | Strong | beta 0.56, $26.9B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
PPL Corporation reports earnings on 6 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Analysts downgraded PPL 1 time in the last 30 days with no upgrades; the latest action was a reiterated rating by Bank of America Securities on 22 Oct 2026.
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 PPL Corporation 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 |
|---|---|---|---|---|---|
| CNP CenterPoint Energy, Inc. | 41.04 | 21.50 | -91% | 37Weak | $27.2B |
| ES Eversource Energy | 70.46 | 47.70 | -48% | 31Weak | $26.5B |
| FE FirstEnergy Corp. | 47.18 | 33.45 | -41% | 31Weak | $27.3B |
| NSARP NSTAR Electric Company PFD 4.25% | 65.40 | 16,336.15 | +100% | 29No options | $27.6B |
| NSARO NSTAR Electric Company | 75.00 | 16,344.50 | +100% | 36No options | $27.6B |
| DTW DTE Energy Company 5.25 % Debentures 2017-01.12.77 Global | 18.00 | 33.33 | +46% | 30No options | $28.6B |
| DTE DTE Energy Company | 137.44 | 77.57 | -77% | 26Weak | $28.6B |
| AILLN Ameren Illinois Company | 74.40 | 37.98 | -96% | 22No options | $29.1B |
| AILLO Ameren Illinois Company | 65.25 | 35.58 | -83% | 22No options | $29.1B |
| AILLI Ameren Illinois Company | 79.50 | 39.32 | -102% | 22No options | $29.1B |
| AILIN Ameren Illinois Company | 68.00 | 36.30 | -87% | 22No options | $29.1B |
| AILIH Ameren Illinois Company | 61.40 | 34.57 | -78% | 22No options | $29.1B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about PPL
Is PPL undervalued right now?
No: at 35.72 the stock trades 55% above the GLS average fair value of 23.06 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of PPL and what does it mean?
PPL scores 29 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4, 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for PPL?
23.06 per share as of 5 Nov 2026 - the simple average of the 8 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 PPL Corporation report earnings next?
The next earnings report is due on 6 Nov 2026 (before the open), 1 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does PPL have listed options, and how liquid are they?
Yes. The nightly snapshot found 114 listed contracts with 25,339 open interest across all expiries and implied volatility of 25% 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.