Utilities · Electric Utilities · US stock · price as of 16 Oct 2026
Key indicators
Price
$83.30
52-week range
$69.64 – $87.89
Market cap
$19.6B
P/E (trailing)
22.1×
EV / EBITDA
12.8×
Free-cash-flow yield
−5.6%
Dividend yield
3.3%
Revenue (last 12 months)
$6.0B
Revenue growth (3y a year)
0.6%
Operating margin
25.9%
Return on invested capital
5.5%
Net debt / EBITDA
5.6×
Fair value
Blended fair value$70.39 range $65 – $82
Versus priceFair−16% to fair value
Peer multiples
$81.76
Fundamentals-adjusted multiple
$81.54
10-year DCF (market-scaled)
$47.87
Earnings power value (floor, not blended)
$22.47
Model uncertainty
Medium
X-Ray Score
41/ 100 · Medium confidence · ahead of 26% of sector peers
Valuation43
Growth22
Profitability64
Financial health29
Dividends44
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Evergy is a regulated electric utility holding company serving customers in Kansas and Missouri. It generates, transmits and distributes electricity to homes, businesses and industrial users, using a mix of coal, nuclear, natural gas, wind and other sources. Its operating utilities charge rates approved by state regulators, and the company invests continuously in power plants, transmission lines and local distribution networks.
Income comes mainly from regulated electricity charges paid by customers in its service territories. Revenue is $6.0 billion over the last twelve months, with growth of 0.6% a year across three years. The operating margin is 25.9%, and the business earns a profit of 5% on the capital invested in it. Evergy has net debt of 5.6 times EBITDA, a level that reflects the capital-heavy nature of utilities, and the dividend yield is 3.3%.
StocksXray gives Evergy, Inc. an X-Ray Score of 41 out of 100 (medium confidence), ahead of 26% of the S&P 500 stocks in its sector. Its strongest lens is profitability (64) and its weakest is growth (22).
Our fair value blend is $70.39 (range $65.09 to $81.65). At $83.30 the stock trades 18% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Evergy, Inc. (EVRG)
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
$56.72
$53.95
$46.78
$57.74
$70.70
$83.30
Market cap
$13.0B
$12.4B
$10.8B
$13.3B
$16.5B
$19.6B
P/E
14.8×
16.5×
14.8×
15.2×
19.3×
22.1×
EV / revenue
4.1×
3.9×
4.3×
4.6×
5.3×
5.8×
EV / EBITDA
10.1×
10.4×
10.0×
10.5×
11.6×
12.8×
Price / free cash flow
–
–
–
–
–
–
Free-cash-flow yield
−4.8%
−2.9%
−3.3%
−2.7%
−4.6%
−5.6%
Price / book
1.4×
1.3×
1.1×
1.3×
1.6×
1.9×
Dividend yield
3.84%
4.32%
5.30%
4.49%
3.82%
3.34%
Fundamentals checklist ● 1 Good · ● 7 Average · ● 6 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−3.1%Average
Free-cash-flow yield−5.6%Average
Risk models
Altman Z score0.6×Bad
Piotroski F-Score4 of 9Bad
Growth
EPS growth (3y)3.8%Bad
Revenue growth (3y)0.6%Bad
Growth consistency70%Bad
Balance sheet
Current ratio0.4×Bad
Net debt / EBITDA5.6×Average
Interest cover2.4×Average
Valuation
Fair value vs price0.8×Average
EBIT / EV yield4.4%Average
Profitability
Return on invested capital5.5%Average
Operating margin25.9%Good
XStocksXray
Evergy, Inc. (EVRG)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
5,587
5,859
5,508
5,847
5,962
6,031
Gross profit
–
–
–
–
–
–
Operating income
1,355
1,267
1,282
1,468
1,533
1,560
Net income
880
753
731
874
856
882
Diluted EPS ($)
3.83
3.27
3.17
3.79
3.66
3.77
Free cash flow
-621
-365
-354
-353
-752
-1,098
Gross margin
–
–
–
–
–
–
Operating margin
24.3%
21.6%
23.3%
25.1%
25.7%
25.9%
Net margin
15.7%
12.8%
13.3%
14.9%
14.4%
14.6%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
28,521
29,490
30,976
32,282
33,949
34,482
Cash
26
25
28
22
20
18
Total debt
9,687
10,345
12,805
13,669
14,800
15,474
Equity
9,244
9,484
9,663
9,955
10,221
10,157
Dividend per share ($)
2.18
2.33
2.48
2.60
2.70
–
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.