Constellation Energy (CEG): analysis in plain words
Is Constellation Energy cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Constellation Energy (CEG) is listed on the Nasdaq and we classify it in utilities and renewables. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Constellation Energy according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Constellation Energy (CEG) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $245.72 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 24.0x | Price over earnings per share |
| Revenue growth | +23.0% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 11.1% | Profit for every 100 of sales |
| Net debt / EBITDA | 3.0x | Years of operating profit to repay debt |
| Dividend yield | 0.65% | Annual dividend over price |
| Market cap | $87.1 billion | What the stock market values it at |
The Constellation Energy figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any CEG figure that is not available shows as N/A: we do not estimate it.
How Constellation Energy makes money
Constellation Energy generates power mainly from nuclear plants, plus gas, hydro and renewables, selling it to businesses, households and U.S. wholesale markets. It reports regional segments such as Mid-Atlantic, Midwest, New York and ERCOT, and has signed long-term power deals with Microsoft and Meta to supply their data centers.
Over the last 12 months, Constellation Energy brought in revenue of $31.3 billion. For every 100 it sells, Constellation Energy keeps 22.1 after the direct cost of what it sells (gross margin) and 8.7 after all operating costs (operating margin).
Constellation Energy against its sector
To know whether a Constellation Energy figure is high or low you have to put it next to similar companies. This table compares Constellation Energy with the median of the 14 utilities and renewables companies Fintols covers, with data as of November 4, 2026.
| Figure | Constellation Energy | utilities and renewables median |
|---|---|---|
| P/E | 24.0x | 19.9x (14) |
| Revenue growth | +23.0% | +8.8% (14) |
| Net margin | 11.1% | 14.5% (14) |
| Dividend yield | 0.65% | 3.16% (14) |
| Net debt / EBITDA | 3.0x | 4.6x (14) |
In short, against the typical utilities and renewables company, Constellation Energy trades on a higher P/E, grows faster and earns a thinner margin. By size, Constellation Energy ranks number 4 of 6 utilities and renewables companies quoted in USD on Fintols.
The bull case for Constellation Energy
These are the strengths in the Constellation Energy figures as of November 4, 2026:
- Constellation Energy is selling more than a year ago: +23.0% in its latest quarter (the typical utilities and renewables company grew +8.8%).
- Analysts expect Constellation Energy earnings to rise: its P/E on the next 12 months of estimated earnings is 18.3x, below the current 24.0x.
- Constellation Energy earns 15.1% a year on its shareholders' money (return on equity).
The main risk for Constellation Energy
Constellation Energy stock sits 35% below its 52-week high ($380.78): the market has cut its expectations, and it is worth understanding why first.
And, like the rest of utilities and renewables, Constellation Energy is exposed to interest rates (it funds grids and plants with a lot of debt) and changes in how its tariffs are regulated.
Frequently asked questions about Constellation Energy
Is it a good time to buy Constellation Energy stock?
Fintols does not tell you whether to buy or sell Constellation Energy, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Constellation Energy stock trades at $245.72, 35% below its 52-week high ($380.78) and 7% above its low ($228.63). Its P/E is 24.0x against a utilities and renewables median of 19.9x, and 18.3x on the earnings analysts expect over the next 12 months. With Constellation Energy, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Constellation Energy pay a dividend?
Yes. As of November 4, 2026, Constellation Energy pays $1.71 per share a year, which at today's price is a yield of 0.65%. It uses 16% of its profit to pay it, which leaves room to keep paying it if profit dips.
Is Constellation Energy stock expensive?
It depends on what you compare it with. On P/E, Constellation Energy trades at 24.0x its last 12 months of earnings: more expensive than the utilities and renewables median (19.9x). A high P/E alone does not make Constellation Energy expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Constellation Energy's competitors?
On Fintols we compare Constellation Energy with NextEra Energy, Duke Energy and Southern Company, which are also in utilities and renewables. As of November 4, 2026, NextEra Energy is worth $185.5 billion and trades on a P/E of 15.9; Duke Energy is worth $101.0 billion and trades on a P/E of 19.5; Southern Company is worth $107.1 billion and trades on a P/E of 22.4. Each has a side-by-side comparison with Constellation Energy below.
Constellation Energy competitors
- NextEra Energy (NEE) analysis · Constellation Energy vs NextEra Energy comparison
- Duke Energy (DUK) analysis · Constellation Energy vs Duke Energy comparison
- Southern Company (SO) analysis · Constellation Energy vs Southern Company comparison
To understand Constellation Energy better
- Dividend Growth Investing: FCF Payout Ratio and Compounding
- How to Read a Balance Sheet: A Beginner's Guide
More companies like Constellation Energy: utilities and renewables stocks and S&P 500 companies. Open the full CEG analysis with its valuation and scenarios. Educational content about Constellation Energy, not investment advice.