US · USD

SO

Southern Company

$83.07+0.22% ($0.18)Updated 10/1/26, 1:21 PM

Day's range: $82.01 – $83.27
Day's volume: $179.1M
52-week range: $82.06 – $97.49

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SO in numbers

Market cap: $93.8B

P/E: 21.46

Dividend yield (12m): 3.61%

Net debt/EBITDA: 0.05

The 12-month dividend yield of SO is 3.61%, below its 5-year average of 3.68%.

SO price history

10/01/202510/01/2026

Compare with

SO risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-8.69%	+36.96%	+60.13%
Volatility (annualized)	15.78%	15.09%	17.96%
Largest drawdown	-13.47%	-13.47%	-16.45%
Positive months	5/12	19/36	33/60

How much did investing in SO return?

Amount invested

$1,000.00 invested on 10/01/2021 would be worth $1,600.24 today.

Value today in SO: $1,600.24

Return over the period: +60.02%

Return per year: +9.86%

In the S&P 500: $1,658.93

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

SO fundamentals

Valuation

P/E
21.46
P/B
—
EV/EBITDA
7.00
EV/EBIT
12.95
EV/Revenue
3.13
P/EBIT
12.86
P/S
3.11
P/OCF
9.59
P/FCF
-27.05
Earnings yield
7.72%
PEG ratio
—
Earnings per share
$3.87
Book value per share
—

Debt

Net debt
$692M
Net debt/EBITDA
0.05
Net debt/Equity
—
Debt/Equity
—
Current ratio
0.65
Quick ratio
—
Cash ratio
0.06

Efficiency

Gross margin
—
EBITDA margin
44.71%
Operating margin
24.17%
Net margin
14.46%
Asset turnover
0.19

Profitability

ROE
—
ROA
2.78%
ROIC
—
Payout
77.51%

Growth

Revenue CAGR (5 years)
7.25%
Earnings CAGR (5 years)
—
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is SO's fair price?

Two classic value formulas, with today's numbers. The current price is $83.07.

Graham's fair price: —; SO's earnings per share and book value per share are not available, so the formula cannot be computed.

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: $46.33; 44.22% below the price

$2.78 (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.

SO'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	22.49	20.52	19.24	—	—	—	—	—
P/B	2.71	2.72	2.43	2.56	2.61	2.32	2.44	1.84
EV/EBITDA	7.26	7.34	7.22	8.32	9.43	7.33	6.08	6.07
Dividend yield	3.37%	3.47%	3.96%	3.78%	3.82%	4.13%	3.86%	5.42%
Earnings per share	$3.88	$4.01	$3.64	—	—	—	—	—
Book value per share	$32.17	$30.28	$28.82	$27.93	$26.29	$26.47	$26.09	$23.90
ROE	12.05%	13.25%	12.64%	—	—	—	—	—
ROIC	17.32%	17.20%	15.63%	14.02%	12.05%	15.76%	20.34%	13.36%
EBITDA margin	45.05%	46.15%	42.81%	32.22%	33.19%	43.14%	51.67%	32.94%
Net margin	14.69%	16.47%	15.74%	—	—	—	—	—
Net debt/EBITDA	-0.07	0.02	0.14	0.07	-0.05	-0.05	0.01	0.20

SO's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$29.6B	$26.7B	$25.3B	$29.3B	$23.1B	$20.4B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	$13.3B	$12.3B	$10.8B	$9.4B	$7.7B	$8.8B
EBIT	$7.3B	$7.1B	$5.8B	$5.4B	$3.7B	$4.9B
Financial result	-$2.3B	-$1.8B	-$1.5B	-$1.1B	-$1.1B	-$1.4B
Income before tax	$5B	$5.2B	$4.3B	$4.2B	$2.6B	$3.5B
Income tax	-$828M	-$969M	-$496M	-$795M	-$267M	-$393M
Net income	$4.3B	$4.4B	$4B	—	—	—

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

Does SO pay dividends?

Dividend yield per year

4.78%2017
5.42%2018
3.86%2019
4.13%2020
3.82%2021
3.78%2022
3.96%2023
3.47%2024
3.37%2025
2.72%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/14/2026	09/08/2026	$0.76
Dividend	05/15/2026	06/08/2026	$0.76
Dividend	02/16/2026	03/06/2026	$0.74
Dividend	11/14/2025	12/08/2025	$0.74
Dividend	08/15/2025	09/08/2025	$0.74
Dividend	05/16/2025	06/06/2025	$0.74
Dividend	02/17/2025	03/06/2025	$0.72
Dividend	11/15/2024	12/06/2024	$0.72
Dividend	08/16/2024	09/06/2024	$0.72
Dividend	05/16/2024	06/06/2024	$0.72
Dividend	02/15/2024	03/06/2024	$0.70
Dividend	11/16/2023	12/06/2023	$0.70

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/17/2023	09/06/2023	$0.70
Dividend	05/11/2023	06/06/2023	$0.70
Dividend	02/16/2023	03/06/2023	$0.68
Dividend	11/17/2022	12/06/2022	$0.68
Dividend	08/11/2022	09/06/2022	$0.68
Dividend	05/12/2022	06/06/2022	$0.68
Dividend	02/17/2022	03/07/2022	$0.66
Dividend	11/11/2021	12/06/2021	$0.66
Dividend	08/12/2021	09/07/2021	$0.66
Dividend	05/13/2021	06/07/2021	$0.66
Dividend	02/11/2021	03/08/2021	$0.64
Dividend	11/12/2020	12/07/2020	$0.64
Dividend	08/13/2020	09/08/2020	$0.64
Dividend	05/14/2020	06/08/2020	$0.64
Dividend	02/13/2020	03/06/2020	$0.62
Dividend	11/14/2019	12/06/2019	$0.62
Dividend	08/15/2019	09/06/2019	$0.62
Dividend	05/16/2019	06/06/2019	$0.62
Dividend	02/14/2019	03/06/2019	$0.60
Dividend	11/15/2018	12/06/2018	$0.60
Dividend	08/16/2018	09/06/2018	$0.60
Dividend	05/17/2018	06/06/2018	$0.60
Dividend	02/15/2018	03/06/2018	$0.58
Dividend	11/16/2017	12/06/2017	$0.58
Dividend	08/16/2017	09/06/2017	$0.58
Dividend	05/10/2017	06/06/2017	$0.58
Dividend	02/15/2017	03/06/2017	$0.56
Dividend	11/16/2016	12/06/2016	$0.56

About Southern Company

Sector: Transportation and utilities

Questions about SO

How much is SO today?

SO is at $83.07 (0.22% on the day), last traded on 10/01/2026.

How much did SO pay in dividends in 2025?

SO paid $2.94 per share in 2025, a dividend yield of 3.37%.

How much did SO return in 12 months?

SO returned -8.69% in 12 months, with annualized volatility of 15.78% and a largest drawdown of -13.47%.