Portland General Electric Company logo POR - Portland General Electric Company

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 8
HOLD 15
SELL 1
STRONG
SELL
0
| PRICE TARGET: $49.00 DETAILS
HIGH: $51.00
LOW: $47.00
MEDIAN: $49.00
CONSENSUS: $49.00
UPSIDE: 9.99%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 85% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 6.0% below fair value
Current Price $44.55
Bear Case $41.49 6.9% downside ($41.49 - $44.55) / $44.55 = -6.9% $2.76 × 15x P/E
Fair Value $47.42 6.4% upside ($47.42 - $44.55) / $44.55 = 6.4% $2.76 × 17x P/E
Bull Case $53.35 19.7% upside ($53.35 - $44.55) / $44.55 = 19.7% $2.76 × 19x P/E

Adjust Assumptions

17.2x
2.76$

Key Value Driver

Normalized P/E multiple (17x base case)

Implied Market Multiple 16.1x

Plain-Language Summary

Applying a 17x P/E to adjusted EPS of $2.76, the base-case value is $47.42 per share. DDM cross-check: $56.78.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (24 analysts) $49.00
Analyst Range $47.00 – $51.00
Divergence from AlphaVal 3%

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