Portland General Electric Company (POR) is a publicly traded company in the Utilities — Regulated Electric industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Portland General Electric (PGE) functions as a fully integrated electric utility, overseeing the generation, wholesale procurement, transmission, distribution, and direct retail sale of electricity throughout Oregon. Its power generation assets include seven hydroelectric facilities, three wind farms, and six thermal plants.
Is Portland General Electric Company stock overvalued or undervalued in 2026?
Portland General Electric Company (POR) trades at 19.0× earnings (P/E), below the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (19.9×) $47 (+5 %); at its sector median (20.7×) $49 (+9 %).
Kaplio overview: Portland General Electric Company
Market cap $5B · 52 weeks $43 – $54 (17 % below the high) · P/E 19.0× · 2027 expected P/E 12.5× · Dividend 4.8 % · 11 years rising · Next earnings February 16, 2027 · expected EPS $0.93 · Closing price, Oct 30 · accounts published Oct 29.
- Valuation: P/E 19.0× (fairly priced).
- Business: ROE 6.5 % (weak).
- Balance sheet: Net debt/EBITDA 4.7× (solid).
- Earnings: 3 of 8 (disappointing).
What would it be worth at its usual multiples?
At the decade median (19.9×) $47 (+5 %); at its sector median (20.7×) $49 (+9 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 3 of 6 pass
- Regulated ROE (8-12%) 6.5 %, fails.
- 5y EPS growth 9.8 %, fails.
- Interest coverage 2.4×, fails.
- 10y dividend growth 5.9 %, passes.
- Net debt / EBITDA 4.7×, passes.
- Payout Ratio 73.5 %, passes, near the threshold.
Against its peers (reference peers) — Portland General Electric Company: P/E 19.0×; EV/EBITDA 9.3×; ROIC 3.7 %; $5.2B. Northwestern Energy Group Inc (P/E 28.8×; EV/EBITDA 14.3×; ROIC 3.9 %; $4.9B), TXNM Energy, Inc. (P/E 28.0×; EV/EBITDA 6.7×; ROIC 3.8 %; $6.4B), IDACORP, Inc. (P/E 22.3×; EV/EBITDA 14.1×; ROIC 4.0 %; $8.4B).
Expensive or cheap against its last ten years?
P/E at each close: today 19.0× · median 19.9× · minimum 13.3× · maximum 31.2× · cheap below 18.0× · expensive above 22.8×. It has been cheaper than today only 41% of the time over its last ten years.
Dividend
tight · Yield 4.8 % ($2.04 per share in 2025) · Years raising it ≥ 11 · 5-year growth +5 % a year · Free cash flow coverage -2.6× · With $1,000 invested today you'd collect $48.50 a year ($4.04 a month).
Profitability
| Return on Equity | 6.54% |
| Return on Invested Capital | 3.71% |
| Return on Assets | 1.98% |
| Gross Margin | 40.06% |
| Operating Margin | 15.76% |
| Net Margin | 7.85% |
Financial Health
| Debt / Equity | 1.22 |
| Current Ratio | 1.15 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 0.91 |
Price Performance
| 1 month | -0.76% |
| 3 months | -9.95% |
| Year-to-date | -7.44% |
| 1 year | -2.76% |
| 3 years | +8.53% |
| 5 years | -11.43% |
| 10 years | +4.84% |
Dividend History
Paid in the last 12 months: $2.1525 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-25 | $0.5513 |
| 2026-06-25 | $0.5513 |
| 2026-03-23 | $0.5250 |
| 2025-12-22 | $0.5250 |
| 2025-09-25 | $0.5250 |
| 2025-06-24 | $0.5250 |
| 2025-03-24 | $0.5000 |
| 2024-12-24 | $0.5000 |
| 2024-09-24 | $0.5000 |
| 2024-06-24 | $0.5000 |
Amounts adjusted for stock splits.
Related companies: LNT · NWE · CMS · PNW · IDA · TXNM · BKH · AVA
Explore sector: Utilities · Regulated Electric
More sections of POR: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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