US · USD

ED

Consolidated Edison Inc

$103.39-0.11% (-$0.11)Updated 10/2/26, 5:12 PM

Day's range: $103.03 – $104.48
Day's volume: $270.8M
52-week range: $93.02 – $113.57

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ED in numbers

Market cap: $38.1B

P/E: 284.30

P/B: 1.49

Dividend yield (12m): 3.40%

Net debt/EBITDA: 0.14

The 12-month dividend yield of ED is 3.40%, below its 5-year average of 3.53%.

ED price history

10/06/202510/02/2026

Compare with

ED risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+5.56%	+25.91%	+56.73%
Volatility (annualized)	13.30%	16.33%	17.97%
Largest drawdown	-8.19%	-13.57%	-13.57%
Positive months	5/12	19/36	32/60

How much did investing in ED return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,567.31 today.

Value today in ED: $1,567.31

Return over the period: +56.73%

Return per year: +9.57%

In the S&P 500: $1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ED fundamentals

Valuation

P/E
284.30
P/B
1.49
EV/EBITDA
7.30
EV/EBIT
13.00
EV/Revenue
2.23
P/EBIT
12.76
P/S
2.19
P/OCF
9.21
P/FCF
—
Earnings yield
7.69%
PEG ratio
—
Earnings per share
$0.36
Book value per share
$69.45

Debt

Net debt
$722M
Net debt/EBITDA
0.14
Net debt/Equity
0.03
Debt/Equity
0.03
Current ratio
1.19
Quick ratio
—
Cash ratio
0.03

Efficiency

Gross margin
—
EBITDA margin
30.57%
Operating margin
17.17%
Net margin
0.77%
Asset turnover
0.23

Profitability

ROE
0.52%
ROA
0.18%
ROIC
8.76%
Payout
966.26%

Growth

Revenue CAGR (5 years)
6.88%
Earnings CAGR (5 years)
-34.89%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is ED's fair price?

Two classic value formulas, with today's numbers. The current price is $103.39.

Graham's fair price: $23.84; 76.94% below the price

√(22.50 × $0.36 × $69.45)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $54.07; 47.71% below the price

$3.24 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

ED's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	17,735.59	16,998.40	12,477.59	20,385.14	22,445.02	22.48	22.48	17.76
P/B	1.48	1.41	1.49	1.64	1.51	1.31	1.68	1.47
EV/EBITDA	11.43	11.71	10.48	12.62	11.06	10.43	11.67	10.82
Dividend yield	3.42%	3.72%	3.56%	3.32%	3.63%	4.23%	3.27%	3.74%
Earnings per share	$0.01	$0.01	$0.01	$0.00	$0.00	$3.22	$4.02	$4.30
Book value per share	$66.96	$63.34	$61.24	$58.27	$56.59	$55.04	$53.99	$52.09
ROE	0.01%	0.01%	0.01%	0.01%	0.01%	5.84%	7.45%	8.26%
ROIC	4.73%	4.78%	6.02%	4.36%	5.59%	5.89%	5.73%	5.65%
EBITDA margin	30.83%	31.19%	36.11%	30.28%	36.10%	38.03%	35.90%	34.39%
Net margin	0.01%	0.01%	0.02%	0.01%	0.01%	9.16%	11.06%	11.59%
Net debt/EBITDA	4.60	5.30	4.47	5.38	4.85	5.02	4.74	4.83

ED's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$17B	$15.5B	$14.5B	$15.5B	$13.5B	$12B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	$5.3B	$4.8B	$5.2B	$4.7B	$4.9B	$4.6B
EBIT	$2.9B	$2.7B	$3.2B	$2.6B	$2.8B	$2.7B
Financial result	$895M	$655M	$830M	$326M	-$538M	-$401M
Income before tax	$2.6B	$2.1B	$3B	$2.1B	$1.4B	$1.2B
Income tax	-$574M	-$318M	-$487M	-$498M	-$190M	-$90M
Net income	$2M	$1.8M	$2.5M	$1.7M	$1.3M	$1.1B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ED pay dividends?

Dividend yield per year

3.25%2017
3.74%2018
3.27%2019
4.23%2020
3.63%2021
3.32%2022
3.56%2023
3.72%2024
3.42%2025
2.58%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/18/2026	09/15/2026	$0.89
Dividend	05/12/2026	06/15/2026	$0.89
Dividend	02/17/2026	03/16/2026	$0.89
Dividend	11/18/2025	12/15/2025	$0.85
Dividend	08/12/2025	09/15/2025	$0.85
Dividend	05/13/2025	06/16/2025	$0.85
Dividend	02/18/2025	03/14/2025	$0.85
Dividend	11/12/2024	12/16/2024	$0.83
Dividend	08/13/2024	09/16/2024	$0.83
Dividend	05/13/2024	06/14/2024	$0.83
Dividend	02/12/2024	03/15/2024	$0.83
Dividend	11/13/2023	12/15/2023	$0.81

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/14/2023	09/15/2023	$0.81
Dividend	05/15/2023	06/15/2023	$0.81
Dividend	02/13/2023	03/15/2023	$0.81
Dividend	11/14/2022	12/15/2022	$0.79
Dividend	08/15/2022	09/15/2022	$0.79
Dividend	05/16/2022	06/15/2022	$0.79
Dividend	02/14/2022	03/15/2022	$0.79
Dividend	11/15/2021	12/15/2021	$0.78
Dividend	08/16/2021	09/15/2021	$0.78
Dividend	05/17/2021	06/15/2021	$0.78
Dividend	02/15/2021	03/15/2021	$0.78
Dividend	11/16/2020	12/15/2020	$0.77
Dividend	08/17/2020	09/15/2020	$0.77
Dividend	05/11/2020	06/15/2020	$0.77
Dividend	02/17/2020	03/16/2020	$0.77
Dividend	11/11/2019	12/16/2019	$0.74
Dividend	08/12/2019	09/16/2019	$0.74
Dividend	05/13/2019	06/17/2019	$0.74
Dividend	02/11/2019	03/15/2019	$0.74
Dividend	11/12/2018	12/17/2018	$0.72
Dividend	08/13/2018	09/17/2018	$0.72
Dividend	05/14/2018	06/15/2018	$0.72
Dividend	02/12/2018	03/15/2018	$0.72
Dividend	11/13/2017	12/15/2017	$0.69
Dividend	08/11/2017	09/15/2017	$0.69
Dividend	05/12/2017	06/15/2017	$0.69
Dividend	02/10/2017	03/15/2017	$0.69
Dividend	11/11/2016	12/15/2016	$0.67

About Consolidated Edison

Sector: Transportation and utilities

Questions about ED

How much is ED today?

ED is at $103.39 (-0.11% on the day), last traded on 10/02/2026.

How much did ED pay in dividends in 2025?

ED paid $3.40 per share in 2025, a dividend yield of 3.42%.

What are the P/E and P/B of ED?

ED trades at a P/E of 284.30 and a P/B of 1.49.

How much did ED return in 12 months?

ED returned 5.56% in 12 months, with annualized volatility of 13.30% and a largest drawdown of -8.19%.