GEV
GE Vernova Inc.
$1,038.74
Stable Earnings Power
85%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 79.2% above fair value
You pay
$1,038.74
Bear
$474.19
Fair
$579.58
Bull
$684.96
Bear
$474.19
-54.3%
$18.16 × 18x P/E
Fair
$579.58
-44.2%
$18.16 × 22x P/E
Bull
$684.96
-34.1%
$18.16 × 26x P/E
Key Value Driver
Normalized P/E multiple (22x base case)
Implied Market Multiple
57.2x
Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $1119.95 from 28 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $579.58 per share.
Warnings
Wall Street's average price target is $1119.95 (from 28 analysts). Our estimate is 64% below the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples