Sempra (SRE) is a publicly traded company in the Utilities — Diversified Utilities industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Sempra, an energy holding company founded in 1998 and headquartered in San Diego, California, conducts its operations both domestically and internationally. The firm adopted its current name in July 2021, having previously been known as Sempra Energy. Through its San Diego Gas & Electric Company division, Sempra delivers electricity to approximately 3.6 million individuals and natural gas to roughly 3.3 million individuals across a 4,100 square mile service area.
Is Sempra stock overvalued or undervalued in 2026?
Sempra (SRE) trades at 24.9× earnings (P/E), above the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (20.4×) $70 (-18 %); at its sector median (21.3×) $73 (-15 %).
Kaplio overview: Sempra
Market cap $56B · 52 weeks $77 – $100 (13 % below the high) · P/E 24.9× · 2027 est. P/E 15.5× · Dividend 3.0 % · ≥ 11 years rising · Next earnings November 5, 2026 · expected EPS $1.22 · Closing price, Nov 2 · accounts published Aug 6.
- Valuation: TTM P/E 24.9× (fairly priced).
- Business: ROE 7.1 % (weak).
- Balance sheet: Net debt/EBITDA 5.3× (passes, near the threshold).
- Earnings: 6 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (20.4×) $70 (-18 %); at its sector median (21.3×) $73 (-15 %). 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: 2 of 6 pass
- Regulated ROE (8-12%) 7.1 %, fails.
- 5y EPS growth −16.1 %, fails.
- Interest coverage 2.1×, fails.
- Payout Ratio 89.4 %, fails.
- 10y dividend growth 7.1 %, passes.
- Net debt / EBITDA 5.3×, passes, near the threshold.
Against its peers (reference peers) — Sempra: P/E 24.9×; EV/EBITDA 14.2×; ROIC 3.0 %; $56.2B. Avista Corporation (P/E 13.8×; EV/EBITDA 9.8×; ROIC 4.3 %; $3.2B), WEC Energy Group, Inc. (P/E 21.2×; EV/EBITDA 14.3×; ROIC 4.6 %; $38.1B), Public Service Enterprise Group Incorporated (P/E 21.0×; EV/EBITDA 15.0×; ROIC -72.6 %; $37.1B).
Expensive or cheap against its last ten years?
P/E at each close: today 24.9× · median 20.4× · minimum 12.6× · maximum 41.1× · cheap below 17.3× · expensive above 25.0×. It has been cheaper than today 79% of the time over its last ten years.
Dividend
fragile · Yield 3.0 % ($2.52 per share in 2025) · Years raising it ≥ 11 · 5-year growth +2 % a year · Free cash flow coverage -2.4× · With $1,000 invested today you'd collect $30.40 a year ($2.53 a month).
Kaplio's reading: Sempra
Updated on October 12, 2026 · accounts published on August 6, 2026
A regulated utility with improving margins
Sempra trades at a P/E of 24.9 over the last 12 months, 22 % above its ten-year median of 20.4, while EPS fell 38 % in the same period.
- Is Sempra expensive or cheap? Sempra's P/E of 24.9 is 22 % above its ten-year median, and it traded lower 79 % of the time over the last decade.
- How is the business doing? Operating margin hit 27 % over the last 12 months, above its 21 % average for 2014-2025, but EPS fell 38 %.
- How strong is the balance sheet? Net debt of $57.94 per share equals 67 % of the share price, and interest coverage of 2.1× is below the 3.0× utility threshold.
- Is the dividend sustainable with this debt? Sempra paid out 89 % of earnings in fiscal 2025, above the 80 % ceiling considered healthy for utilities.
- What to expect from the next earnings? Analysts expect EPS of $1.10 when Sempra reports on November 4, 2026; it beat estimates in 6 of the last 8 quarters.
Is Sempra expensive or cheap?
Over the last 12 months Sempra trades at a P/E of 24.9, against a ten-year median of 20.4. That is a 22 % premium to its own history, and the stock has traded at a lower multiple 79 % of the time over the last decade. Peers point the same way: the median P/E for the sector is 21.3, so Sempra sits 16 % above it. The share price has fallen 4 % over the last 12 months and is 13 % below its 52-week high of $99.75. The multiple has not come down because earnings fell faster than the price.
How is the business doing?
Revenue grew 5.8 % over the last 12 months, but EPS fell 37.8 % in the same period, so sales growth is not reaching shareholders. Margins are the bright spot: the operating margin of 26.9 % is above the 23.7 % of fiscal 2025 and well above the 21 % average for 2014-2025, with a net margin of 16.8 %. Returns on capital are the weak point. ROIC of 3.0 % over the last 12 months sits 1.1 points below the 4.0 % sector median, and it has not topped 10 % in any of the last ten fiscal years.
How strong is the balance sheet?
At the end of fiscal 2025 Sempra carried net debt of $57.94 per share, equal to 67 % of the current share price, with no cash to offset it. Net debt is 5.3× EBITDA, just inside the 5.5× considered healthy for utilities, which leaves little room. Interest coverage is the weaker figure: earnings covered interest 2.1 times in fiscal 2025, below the 3.0× the sector treats as comfortable. Debt to equity of 1.12 and a current ratio of 1.64 over the last 12 months are manageable, and a Piotroski score of 6 out of 9 points to middling financial health.
Is the dividend sustainable with this debt?
Utilities are regulated, slow-growing businesses that investors treat like bonds, so debt, interest rates and payout consistency matter more than growth. Sempra has raised its dividend per share for 11 consecutive fiscal years, growing it 7.1 % a year over 2015-2025, well above the healthy 4 % pace, and it yields 3.0 % over the last 12 months. The trouble is underneath. In fiscal 2025 the payout reached 89 % of earnings, above the 80 % ceiling. EPS shrank 16.1 % a year over 2020-2025, against a healthy 4 % to 7 %, and ROE of 7.1 % sits below the 8 % to 12 % regulated range. The dividend is growing faster than the earnings that pay for it.
What to expect from the next earnings?
Sempra reports on November 4, 2026, and analysts expect EPS of $1.10 for the quarter. Its record helps: it has beaten EPS estimates in 6 of the last 8 quarters, and on August 6, 2026 it reported $1.16 against $1.01 expected, a 15 % beat. Expectations for the full year are steady. Over the last 27 days the 2026 EPS consensus from 10 analysts moved only from $5.11 to $5.12. Of the 26 analysts covering the stock, 20 recommend buying, 5 holding and none selling. The quarter will show whether stronger margins can start lifting earnings per share again.
How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.
Investor methods verdict
Would Buffett approve Sempra today?
The Buffett Method would not approve Sempra today: it fails its quality rules. Business quality: 50 out of 100 (price not included). Kaplio assessment with data from the week of November 2, 2026; not investment advice.
Would Peter Lynch approve Sempra today?
The Lynch Method would not approve Sempra today: it fails its quality rules. Business quality: 58 out of 100 (price not included). Lynch classifies it as a slow grower. Kaplio assessment with data from the week of November 2, 2026; not investment advice.
Profitability
| Return on Equity | 7.14% |
| Return on Invested Capital | 2.99% |
| Return on Assets | 1.98% |
| Gross Margin | 41.71% |
| Operating Margin | 26.86% |
| Net Margin | 16.77% |
Financial Health
| Debt / Equity | 1.12 |
| Current Ratio | 1.64 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.08 |
Price Performance
| 1 month | +9.68% |
| 3 months | +1.55% |
| Year-to-date | -2.63% |
| 1 year | -7.14% |
| 3 years | +18.83% |
| 5 years | +35.00% |
| 10 years | +68.40% |
Dividend History
Paid in the last 12 months: $2.6175 per share in 4 payments.
| Date | Amount |
|---|---|
| September 24, 2026 | $0.6575 |
| June 25, 2026 | $0.6575 |
| March 19, 2026 | $0.6575 |
| December 11, 2025 | $0.645 |
| October 1, 2025 | $0.645 |
| June 26, 2025 | $0.645 |
| March 20, 2025 | $0.645 |
| December 5, 2024 | $0.62 |
| September 26, 2024 | $0.62 |
| June 27, 2024 | $0.62 |
Amounts adjusted for stock splits.
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Explore sector: Utilities · Diversified Utilities
More sections of SRE: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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