Portland General Electric POR
United StatesUtilities · Utilities - Regulated ElectricUSD
52.09 USD (+16.2%)
11 analysts
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Portland General Electric is a regulated utility that generates, transmits, and distributes electricity to residential, commercial, and industrial customers in Oregon, with a generation mix including hydro, natural gas, wind, and solar.
Key points
from its scores- ✓Favourable backdrop7.8
- ✕Little competitive advantage3.4
- ✕Weak growth4.8
- ✕Demanding valuation4.9
AI analysis
bottom line, main risk, context and newsThe combination of high leverage and rate sensitivity warrants caution, but the dividend and stable regulation provide long-term support.
Portland General Electric shows acceptable financial health (6.34) but with high leverage (Net Debt/EBITDA of 5.10x) and negative cash conversion (-38.04), making it vulnerable to rising rates. Its valuation is moderate (P/E 19.84) and it offers an attractive dividend (net yield 4.93%), although with a very high payout (94.08%) that limits flexibility.
The main risk is its high leverage (Net Debt/EBITDA of 5.10x) in a rising interest rate environment, which makes debt refinancing more expensive and pressures its already negative free cash flow generation.
Context and risks
The rise in long-term interest rates in the US (10-year Treasury at 5.28%) pressures Portland General Electric, a regulated utility with Net Debt/EBITDA of 5.10x and a Debt/Equity ratio of 136%, which refinances its debt in a growing cost of capital environment. Additionally, its power generation and distribution business is capital-intensive and its valuation is sensitive to the duration of cash flows.
Is Portland General Electric stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Utilities median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.8 | 19.1 | +4% |
| EV / EBITDA | 9.9 | 12.2 | −19% |
| Price / book | 1.3 | 1.9 | −35% |
| Price / sales | 1.5 | 2.6 | −42% |
Sector: median of the 92 Utilities companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.9 out of 10 (median for Utilities: 4.8).
Average analyst target: 52.09 USD, +16.2% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Utilities medianValuation
- P/E
- 19.8
- Forward P/E
- 12.5
- EV / EBITDA
- 9.9
- Price / book
- 1.3
- Price / sales
- 1.5
- PEG
- 1.55
- Market cap
- 5.3B USD
- Enterprise value
- 10.9B USD
Profitability
- ROE
- 6.4%
- ROA
- 2.4%
- ROIC (approx.)
- 5.4%
- Gross margin
- 47.5%
- Operating margin
- 15.0%
- Net margin
- 7.3%
- Free cash flow
- −415.8M USD
- FCF yield
- −7.9%
- Cash conversion
- −38%
Solvency
- Total debt
- 5.6B USD
- Net debt
- 5.6B USD
- Cash
- 35.0M USD
- EBITDA
- 1.1B USD
- Net debt / EBITDA
- 5.10
- Debt / equity
- 136.16
- Current ratio
- 0.98
- Quick ratio
- 0.42
Growth
- Revenue growth
- +0.9%
- Earnings growth
- +4.9%
- EPS (TTM)
- 2.26 USD
- EPS (forward)
- 3.59 USD
Dividend
- Dividend yield
- 4.9%
- Payout
- 94.1%
Risk and market
- Beta
- 0.51
- Analyst consensus
- Hold (11)
- Target price
- 52.09 USD
- 52-week range
- 43.15 – 54.62
Recent news
All POR news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about Portland General Electric
Is Portland General Electric stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Utilities median (within 15%). Valuation score: 4.9 out of 10 (median for Utilities: 4.8). Average analyst target: 52.09 USD, +16.2% versus the price. This is not investment advice.
What score does Portland General Electric get on MeridIAn Screener?
It scores 5.7 out of 10, rank 1,270 of 2,130 (better than 39% of the companies analysed). Its strongest category is Risk & Context (7.8) and its weakest, Quality / Moat (3.4). Analysis of 08/10/2026.
What is Portland General Electric's P/E ratio?
Its P/E is 19.8: the share price equals 19.8 times earnings per share over the last 12 months. The Utilities median is 19.1. Based on the earnings analysts expect, the forward P/E is 12.5.
How much is Portland General Electric worth on the stock market?
Its market capitalisation is 5.3B USD and its enterprise value, debt included, is 10.9B USD.
How much debt does Portland General Electric have?
Its net debt (debt minus cash) is 5.6B USD. That is 5.10 times its EBITDA; the Utilities median is 5.33.
Does Portland General Electric pay a dividend?
Yes: its dividend yield is 4.93% and it pays out 94% of its earnings.
How has Portland General Electric stock performed over the last year?
It has risen 7.5% over the last year, excluding dividends. Over the last 52 weeks it has traded between 43.15 and 54.62 USD. Past performance does not guarantee future results.
What do analysts think of Portland General Electric?
11 analysts cover it; their average recommendation is “Hold” and their average target is 52.09 USD (+16.2% versus the price). It is an estimate, not market data.