Is GE Vernova Inc. (GEV) undervalued or overvalued?

Our model estimates a fair value of about $864 against a price of $921.20 (Data under review, +0% to fair value). It blends a 10-year DCF, sector multiples and earnings-power value and is a model estimate, not advice.

What is the X-Ray Score for GEV?

GE Vernova Inc. has an X-Ray Score of 51 out of 100, built from valuation, growth, profitability, financial health and dividend lenses ranked against Industrials peers.

Where does the data for GEV come from?

Financial statements come from SEC EDGAR filings, prices from exchange price feeds, and industry betas and equity risk premium from Damodaran Online (NYU Stern).

GE Vernova Inc. (GEV)

Industrials · Heavy Electrical Equipment · US stock · S&P 500 component

$921.20 ▼ -5.24 (0.57%)

At close 16 Oct 2026 · USD · Volume 2,648,400

Compare with GNRC Historical data Research report SEC filings

Fair valueData under review

$864

$432fair band $605–$1,123$1,296

Day's range

$916.00 – $951.00

52-week range

$529.18 – $1,195.94

About GE Vernova Inc.

GE Vernova is an energy equipment and services company that was separated from General Electric as an independent business. It makes gas turbines and steam equipment for power plants, wind turbines, and electrical gear that helps connect and manage power grids. The company is organised into power, wind and electrification businesses. Customers include utilities, independent power producers, governments and industrial users that build or upgrade electricity generation and grid networks.

The business earns money by supplying large equipment and then servicing it over many years under maintenance agreements. Revenue was $41.4 billion over the last twelve months, growing at 8.7% a year across the last three years, while the operating margin is 4.3%. It earns a profit of 63% on the capital invested in it and has net debt of -5.2 times EBITDA, meaning it holds more cash than debt. The dividend yield is 0.2%. On the site's X-Ray Score it receives 50 out of 100.

Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.

Price chart

Historical data & CSV

52-wk range $529.18 – $1,195.94Volume 2,648,400Daily, split-adjusted

Vitals

Market cap$248.7B

52-week range$529.18 – $1,195.94

Volume (last day)2,648,400

P/E (TTM)26.4

EBIT / EV yield0.7%

Free-cash-flow yield5.0%

Dividend yield0.2%

Revenue (TTM)$41.4B

Net income (TTM)$9.5B

Operating margin4.3%

Return on capital63.3%

Debt incl. leases$3.7B

Cash & securities$13.1B

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$864model spread $638 – $651

Data under review +0.0% to fair value

Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.

Earnings are far above the company's own 3-year history, so models would extrapolate a possible peak

Price $921

Undervalued < $605Fair $605 – $1,123Overvalued > $1,123

10-year DCF (market-scaled) · excluded

$204

Peer multiples

$985

Earnings power floor (not blended)

$5

Fundamentals-adjusted multiple

$743

A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.

What this means

Read the lenses below

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 47 The price is not above fair value $864 fair value Debt looks manageable -5.2× EBITDA Revenue has been growing 8.7% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.

Valuation Weak

42/100

Expensive against its sector on earnings and cash flow.

See the numbers →

EBIT / EV yield0.7%

Free-cash-flow yield5.0%

Fair value vs price0.9×

Growth Strong

77/100

Growing faster than most of its sector.

See the numbers →

Revenue growth (3y)8.7%

Growth consistency100%

Profitability Weak

44/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital63.3%

Operating margin4.3%

Gross profitability10.3%

Financial health Weak

50/100

Balance sheet is more stretched than most peers.

See the numbers →

Piotroski F-Score6 / 9

Net debt / EBITDA-5.2×

Interest coverNo interest cost

Dividends Weak

38/100

Dividend is modest or less certain than peers.

See the numbers →

Dividend yield0.2%

Dividends vs free cash flow4%

Quarterly results: last 6 quarters

+10.6%

Mar '25

+11.1%

Jun '25

+11.8%

Sep '25

+3.8%

Dec '25

+16.3%

Mar '26

+21.9%

Jun '26

Revenue against the same quarter a year earlier. Latest quarter revenue $11.1B, diluted EPS $2.47.

Compare with peers

GNRC Generac Holdings Inc.34

Other Heavy Electrical Equipment companies by X-Ray Score.

Fundamentals checklist

● 7 Good · ● 2 Average · ● 5 Bad

Cash quality

Earnings backed by cashGood

Free-cash-flow yieldGood

Risk models

Altman Z''Bad

Piotroski F-ScoreAverage

Growth

Revenue growth (3y)Good

Growth consistencyGood

Balance sheet

Current ratioBad

Net debt / EBITDAGood

Interest coverGood

Valuation

Fair value vs priceAverage

EBIT / EV yieldBad

Profitability

Return on invested capitalGood

Operating marginBad

Gross profitabilityBad

Each check is graded against the company's sector, not a fixed number. Checklist score 53/100.

Financials

	FY22	FY23	FY24	FY25
Revenue	$29.7B	$33.2B	$34.9B	$38.1B
Operating income	−$2.9B	−$923M	$471M	$1.4B
Net income	−$2.7B	−$438M	$1.6B	$4.9B
Operating cash flow	−$114M	$1.2B	$2.6B	$5.0B
Operating margin	-9.7%	-2.8%	1.3%	3.6%
Free cash flow	−$627M	$442M	$1.7B	$3.7B
Diluted EPS	$-10.00	$-1.60	$5.58	$17.69

Fiscal years, from SEC filings.

Technical summary

Daily

Strongly bearish

2 bullish · 3 neutral · 11 bearish

Weekly

Neutral

4 bullish · 1 neutral · 5 bearish

Monthly

Bullish

3 bullish · 1 neutral · 1 bearish

Moving averages (daily)

SMA 10	981.1	Bearish
EMA 10	963.5	Bearish
SMA 20	970.5	Bearish
EMA 20	965.9	Bearish
SMA 50	963.8	Bearish
EMA 50	970.4	Bearish
SMA 100	992.9	Bearish
EMA 100	968.6	Bearish
SMA 200	933.3	Bearish
EMA 200	908.2	Bullish

Oscillators (daily)

RSI (14)	40.03	Neutral
MACD (12, 26)	-0.44	Bearish
Momentum (12)	-3.08	Bearish
Stochastic %K (14)	27.55	Neutral
Williams %R (14)	-72.45	Neutral
CCI (20)	-108.3	Bullish

Pivot points (classic, last session)

872.8

894.4

907.8

Pivot

929.4

942.8

964.4

977.8

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.