Utilities · Multi-Utilities · US stock · price as of 16 Oct 2026
Key indicators
Price
$63.56
52-week range
$54.17 – $72.26
Market cap
$55.9B
P/E (trailing)
18.5×
EV / EBITDA
15.3×
Free-cash-flow yield
9.0%
Dividend yield
4.2%
Revenue (last 12 months)
$17.5B
Revenue growth (3y a year)
4.3%
Operating margin
26.2%
Return on invested capital
4.9%
Net debt / EBITDA
7.3×
Fair value
Blended fair value$57.46 range $53 – $65
Versus priceFair−10% to fair value
Peer multiples
$62.80
Fundamentals-adjusted multiple
$66.24
10-year DCF (market-scaled)
$43.32
Earnings power value (floor, not blended)
n/m
Model uncertainty
Medium
X-Ray Score
48/ 100 · Medium confidence · ahead of 48% of sector peers
Valuation39
Growth72
Profitability33
Financial health57
Dividends40
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Dominion Energy is a utility holding company that generates, transmits and delivers electricity and natural gas. Its regulated electric utility serves customers in Virginia and South Carolina, while its gas utilities deliver natural gas to homes and businesses in several states. The company operates nuclear, gas and solar generation and is building an offshore wind project off the Virginia coast. Customers are households, businesses and industrial users who pay regulated rates.
Revenue comes mainly from regulated charges for power and gas, with rates set to recover costs and allow a return on invested capital. Revenue was $17.5 billion over the last twelve months, with growth of 4.3% a year across the last three years. The operating margin is 26.2%, and the business earns a profit of 5% on the capital invested in it. Net debt is 7.3 times EBITDA. A dividend is paid, with a yield of 4.2%.
StocksXray gives Dominion Energy, Inc an X-Ray Score of 48 out of 100 (medium confidence), ahead of 48% of the S&P 500 stocks in its sector. Its strongest lens is growth (72) and its weakest is profitability (33).
Our fair value blend is $57.46 (range $53.47 to $64.52). At $63.56 the stock trades 11% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Dominion Energy, Inc (D)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$63.30
$51.20
$41.40
$49.86
$56.82
$63.56
Market cap
$51.2B
$42.2B
$34.6B
$41.9B
$48.6B
$55.9B
P/E
15.4×
38.5×
18.4×
21.4×
16.5×
18.5×
EV / revenue
7.5×
5.7×
5.4×
6.0×
6.2×
6.4×
EV / EBITDA
21.4×
21.5×
13.1×
15.4×
14.9×
15.9×
Price / free cash flow
12.7×
11.4×
5.3×
8.3×
9.1×
11.1×
Free-cash-flow yield
7.9%
8.8%
19.0%
12.0%
11.0%
9.0%
Price / book
1.9×
1.5×
1.3×
1.6×
1.7×
1.9×
Dividend yield
3.98%
5.21%
6.45%
5.35%
4.70%
4.20%
Fundamentals checklist ● 5 Good · ● 2 Average · ● 6 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−1.8%Bad
Risk models
Altman Z score0.5×Bad
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)37.4%Good
Revenue growth (3y)4.3%Good
Growth consistency70%Bad
Balance sheet
Current ratio0.8×Average
Net debt / EBITDA7.3×Bad
Interest coverno interest costGood
Valuation
Fair value vs price0.9×Average
EBIT / EV yield4.1%Bad
Profitability
Return on invested capital4.9%Bad
Operating margin26.2%Good
XStocksXray
Dominion Energy, Inc (D)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
11,661
14,552
14,393
14,459
16,523
17,521
Gross profit
–
–
–
–
–
–
Operating income
1,996
1,447
3,414
3,247
4,414
4,583
Net income
3,399
1,191
1,962
2,034
2,998
2,954
Diluted EPS ($)
4.12
1.33
2.25
2.33
3.45
3.43
Free cash flow
4,037
3,700
6,572
5,018
5,361
5,060
Gross margin
–
–
–
–
–
–
Operating margin
17.1%
9.9%
23.7%
22.5%
26.7%
26.2%
Net margin
29.1%
8.2%
13.6%
14.1%
18.1%
16.9%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
99,590
104,795
109,080
102,415
115,857
118,578
Cash
249
119
184
310
250
351
Total debt
36,999
41,344
43,793
41,750
48,941
51,765
Equity
27,308
27,659
27,567
26,863
29,083
29,147
Dividend per share ($)
2.52
2.67
2.67
2.67
2.67
2.67
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.