NYSE: POR · Regulated Electric
Portland General Electric (POR) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values Portland General Electric (POR) at $59.21 a share. The stock last closed at $44.55, which puts the model's fair value 32.9% above the price. On the model's bands that reads as Undervalued.
Revalued . Price is the close of 2 Oct 2026. Portland General Electric Company.
Faircurve Insights · 3 Oct 2026
Portland General Electric (PGE) operates as a fully integrated electric utility. It oversees the generation, wholesale procurement, transmission, distribution, and direct retail sale of electricity throughout Oregon.
On 3 Oct 2026, Faircurve's model gave a fair value of $59.21 a share, the midpoint of 2,000 simulations. This fair value moved -2.7% since the previous run on 26 Sep 2026, which gave $60.86. The calibrated range over 63 trading days is $49.40 to $71.78, built from the fair value and calibrated weekly against realised prices, which held the price 60% of the time at this horizon. The model's evidence grade is High.
The overall quality score for Portland General Electric is 53 out of 100 against comparable companies. The model compares it with Northwestern Energy Group Inc (NWE), TXNM Energy, Inc. (TXNM), IDACORP, Inc. (IDA), OGE Energy Corp. (OGE), MGE Energy, Inc. (MGEE), Pinnacle West Capital Corporation (PNW), and Alliant Energy Corporation (LNT). Moves around the last 8 earnings reports ranged from +3.1% to -5.6%, with a median size of 2.8%, ignoring direction.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give POR?
The calibrated range for POR over 63 trading days is $49.40 to $71.78. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is below this range. For names with fair value 30%+ above price, the calibrated range has held the price 29% of the time over 63 trading days, and 71% ended below it; the typical move was +4.4%.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $42.93 to $77.06. In 77% of the simulations the fair value came out above the price the model ran on.
How does POR score on business quality?
Portland General Electric's overall quality score is 53 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 35 | 5.0%ROIC | 5.3% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 64 | -0.74xFCF / net income | -0.65x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 47 | -1.9%Revenue growth, trailing | 7.5% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 45 | 0.0%Net buybacks / market value | 0.0% |
| Balance sheetNet debt to EBITDA and interest coverage. | 54 | 4.68xNet debt / EBITDA | 5.30x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 100 | 1.3 ptsEBITDA margin downside volatility, 5y | 1.9 pts |
How does POR compare with similar companies?
The companies in regulated electric closest to Portland General Electric in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| NWE Northwestern Energy Group Inc | $69.27 | $68.15 | -1.6% | Fairly valued |
| TXNM TXNM Energy, Inc. | $58.41 | $68.36 | +17.0% | Undervalued |
| IDA IDACORP, Inc. | $132.79 | $114.96 | -13.4% | Fairly valued |
| OGE OGE Energy Corp. | $45.34 | $50.92 | +12.3% | Fairly valued |
| MGEE MGE Energy, Inc. | $70.77 | $74.57 | +5.4% | Fairly valued |
| PNW Pinnacle West Capital Corporation | $95.92 | $113.33 | +18.2% | Undervalued |
| LNT Alliant Energy Corporation | $64.33 | $61.71 | -4.1% | Fairly valued |
| HE Hawaiian Electric Industries, Inc. | $8.90 | $9.07 | +1.9% | Low evidence grade |
When does POR report earnings, and how has the stock reacted?
Portland General Electric's next earnings report is scheduled for 30 Oct 2026. Companies can move their dates.
How POR moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 2.8%.
| Report date | Two session move |
|---|---|
| 31 Jul 2026 | +0.1% |
| 1 May 2026 | -5.6% |
| 17 Feb 2026 | -5.6% |
| 31 Oct 2025 | +2.5% |
| 25 Jul 2025 | +3.1% |
| 25 Apr 2025 | -5.0% |
| 14 Feb 2025 | +1.6% |
| 25 Oct 2024 | -0.2% |
Portland General Electric at a glance
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.
- Market value
- $5.2B
- Sector
- Utilities
- Industry
- Regulated Electric
- Revenue expected, next twelve months
- $3.9B
- Consensus revenue growth, next fiscal year
- +9.4%
- Analysts with estimates
- 7
- Beta to the US market
- -0.14
- First valued by Faircurve
- 11 Jul 2026
How the fair value is worked out: the model prices Portland General Electric on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for POR was $60.86. As of 3 Oct 2026 it is $59.21, a change of -2.7%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Portland General Electric's valuation
Is Portland General Electric stock undervalued or overvalued?
On Faircurve's model, POR reads as Undervalued as of 3 Oct 2026. The model's fair value is $59.21 a share against a last close of $44.55, a gap of +32.9%.
What is POR's fair value?
$59.21 a share as of 3 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $42.93 to $77.06.
What price range does the model give POR?
$49.40 to $71.78 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does Portland General Electric report earnings next?
The next report is scheduled for 30 Oct 2026. Companies can move their dates.
How much has POR moved on past earnings reports?
Across its last 8 reports the median two session move was 2.8%, ignoring direction. The largest was -5.6% around the report of 1 May 2026.
How confident is the model in this valuation?
The model's evidence grade for POR is high. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.