GEV GE Vernova Inc.
$922.00
Stable Earnings Power 40%
P/Adj-EPS × Normalized Multiple
Strong · Conviction

Overvalued

Trading 247.5% above fair value

You pay $922.00
Bear $212.28
Fair $265.35
Bull $318.42
Bear $212.28 -77.0% $17.69 × 12x P/E
Fair $265.35 -71.2% $17.69 × 15x P/E
Bull $318.42 -65.5% $17.69 × 18x P/E

Adjust Assumptions

15.0x
17.69$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 52.1x

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above.

Average Target (29 analysts) $1270.21
Divergence from AlphaVal 79%

Summary

Applying a 15x P/E to adjusted EPS of $17.69, the base-case value is $265.35 per share.

Warnings

ℹ Wall Street's average price target is $1270.21 (from 29 analysts). Our estimate is 79% 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