<ul>
<li>如果你在考虑 Consolidated Edison 每股约 107 美元是否仍然具有合理价值，你会想看看不同的估值方法在这只股票上的表现。</li>
<li>过去一周，股价上涨了 0.7%，过去一个月下跌了 4.1%，但年初至今的回报率为 7.1%，一年内为 8.5%，三年内为 24.5%，五年内为 62.7%。在将价格与基本面进行比较之前，这提供了有用的背景信息。</li>
<li>最近的头条新闻集中在 Consolidated Edison 与更广泛的电网和基础设施主题相关的内容上，关注受监管的公用事业如何适应长期能源投资需求。这一背景有助于解释为什么该股票会出现重新关注的时期，以及在公用事业情绪变化时的回调。</li>
<li>在 Simply Wall St 的 6 点估值检查表中，Consolidated Edison 得分为 4 分（满分 6 分）。下一步是查看 P/E、P/B 和基于现金流的模型等指标的比较，然后以一个框架结束，帮助你更有效地思考价值。</li>
</ul>
<p>了解为什么 Consolidated Edison 去年 8.5% 的回报率落后于同行。</p>
<h3>方法 1：Consolidated Edison 股息折现模型 (DDM) 分析</h3>
<p>股息折现模型通过预测未来股息并将其折现回今天，基于假设的增长率和所需回报，来估算股票的价值。</p>
<p>对于 Consolidated Edison，该模型使用每股当前股息 3.82 美元，股本回报率 8.73% 和约 57.64% 的派息比率。隐含的长期股息增长率为 3.54%，从更高的初始数字上限，预期增长输入为 3.70%。该框架假设股息随着时间的推移稳步增长，同时保持在收益和当前派息水平的支持下。</p>
<p>使用这些输入，DDM 输出建议每股内在价值约为 107.15 美元。当前股价约为 107 美元，隐含折扣实际上为 0.0%，这表明该股票的交易价格非常接近这一基于股息的价值估计。</p>
<p><strong>结果：大致正确</strong></p>
<p>根据我们的股息折现模型 (DDM)，Consolidated Edison 的估值合理，但这可能随时发生变化。将其价值添加到你的观察列表或投资组合中，并在需要采取行动时获得提醒。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/dcf/query-ZGF0ZT0yMDI2LTA1LTE0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1706" height="760" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/dcf/query-ZGF0ZT0yMDI2LTA1LTE0"/></p>
<p>截至 2026 年 5 月的 ED 折现现金流</p>
<p>前往我们公司报告的估值部分，了解我们如何得出 Consolidated Edison 的合理价值的更多细节。</p>
<h3>方法 2：Consolidated Edison 价格与收益</h3>
<p>对于像 Consolidated Edison 这样的盈利公用事业，P/E 比率是查看你为每美元收益支付多少的有用方式。投资者通常会寻找与他们对收益稳定性、增长和风险的预期相符的 P/E，比率较高的增长或较低的感知风险通常会使 P/E 较高，反之亦然。</p>
<p>Consolidated Edison 当前的 P/E 为 18.31 倍。这低于综合公用事业行业的平均 P/E 19.21 倍和同行组的平均 20.73 倍。Simply Wall St 还提供了一个专有的 “合理比率” 22.94 倍，这是模型在考虑收益增长特征、行业、利润率、市值和公司特定风险等因素后为该股票建议的 P/E 水平。</p>
<p>这个合理比率比简单的同行或广泛行业比较更具信息性，因为它是针对 Consolidated Edison 自身的特征量身定制的，而不是假设所有公用事业都应享有相同的倍数。与当前的 P/E 18.31 倍相比，合理比率 22.94 倍表明该股票的交易价格低于该框架所建议的水平。</p>
<p><strong>结果：被低估</strong></p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE0"/></p>
<p>截至 2026 年 5 月的 NYSE:ED P/E 比率</p>
<p>P/E 比率讲述了一个故事，但如果真正的机会在其他地方呢？开始投资于遗产，而不是高管。发现我们 19 家顶级创始人领导的公司。</p>
<h3>升级你的决策：选择你的 Consolidated Edison 故事</h3>
<p>之前提到过，有一种更好的方式来理解估值。叙述是一种工具，让你将对 Consolidated Edison 故事的看法与对未来收入、收益和利润率的假设相连接，将该预测与合理价值联系起来，然后与当前价格进行比较，以查看该股票对你来说是否看起来有吸引力或昂贵。</p>
<p>在 Simply Wall St 的社区页面上，叙述位于通常模型之上。这意味着你可以快速看到你的合理价值估计与实时市场价格的对比。这些叙述会随着新的收益报告或新闻流入平台而自动更新，因此你不必依赖过时的假设。</p>
<p>因为每个投资者都可以带来自己的视角，一个 Consolidated Edison 的叙述可能反映出谨慎的观点，具有较低的合理价值和适度的利润预期，而另一个可能假设更强的收入增长和更高的盈利能力，从而导致更高的合理价值。并排查看这些有助于你决定哪个故事和价格更适合你采取行动。</p>
<p>你认为 Consolidated Edison 的故事还有更多内容吗？前往我们的社区看看其他人怎么说！</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/quote-price/query-ZGF0ZT0yMDI2LTA1LTE0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1510" height="1044" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/quote-price/query-ZGF0ZT0yMDI2LTA1LTE0"/></p>
<p>NYSE:ED 1 年股票价格走势图</p>
<p><em>这篇来自 Simply Wall St 的文章性质较为一般。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不意图作为财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中均没有持仓。</em></p>
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爱迪生联合电气

<p>爱迪生联合电气（ED）目前的股价约为 107 美元，年初至今回报率为 7.1%，表现不一。估值方法表明，根据股息折现模型（DDM），其内在价值为 107.15 美元，显示出其估值合理。然而，其市盈率为 18.31 倍，低于行业平均水平，暗示其相较于同行可能被低估。投资者被鼓励关注其价值，并考虑将未来的收入和盈利预测与当前价格联系起来的叙述</p>

<ul>
<li>If you are wondering whether Consolidated Edison at around US$107 per share still offers fair value, you will want to see how different valuation methods line up on this stock.</li>
<li>The share price has moved 0.7% over the last week, is down 4.1% over the last month, yet shows returns of 7.1% year to date, 8.5% over 1 year, 24.5% over 3 years and 62.7% over 5 years. This gives useful context before comparing price to fundamentals.</li>
<li>Recent headlines have focused on Consolidated Edison in relation to the broader power grid and infrastructure theme, with attention on how regulated utilities fit into long term energy investment needs. This backdrop helps explain why the stock can see periods of renewed interest, as well as pullbacks when sentiment around utilities shifts.</li>
<li>On Simply Wall St's 6 point valuation checklist, Consolidated Edison scores a 4 out of 6. The next step is to look at how metrics like P/E, P/B and cash flow based models compare, and then finish with a framework that can help you think about value even more effectively.</li>
</ul>
<div class="lb-trans"><ul>
<li>如果你在考虑 Consolidated Edison 每股约 107 美元是否仍然具有合理价值，你会想看看不同的估值方法在这只股票上的表现。</li>
<li>过去一周，股价上涨了 0.7%，过去一个月下跌了 4.1%，但年初至今的回报率为 7.1%，一年内为 8.5%，三年内为 24.5%，五年内为 62.7%。在将价格与基本面进行比较之前，这提供了有用的背景信息。</li>
<li>最近的头条新闻集中在 Consolidated Edison 与更广泛的电网和基础设施主题相关的内容上，关注受监管的公用事业如何适应长期能源投资需求。这一背景有助于解释为什么该股票会出现重新关注的时期，以及在公用事业情绪变化时的回调。</li>
<li>在 Simply Wall St 的 6 点估值检查表中，Consolidated Edison 得分为 4 分（满分 6 分）。下一步是查看 P/E、P/B 和基于现金流的模型等指标的比较，然后以一个框架结束，帮助你更有效地思考价值。</li>
</ul>
</div><p>Find out why Consolidated Edison's 8.5% return over the last year is lagging behind its peers.</p>
<div class="lb-trans"><p>了解为什么 Consolidated Edison 去年 8.5% 的回报率落后于同行。</p>
</div><h3>Approach 1: Consolidated Edison Dividend Discount Model (DDM) Analysis</h3>
<div class="lb-trans"><h3>方法 1：Consolidated Edison 股息折现模型 (DDM) 分析</h3>
</div><p>The Dividend Discount Model estimates what a stock could be worth by projecting future dividends and discounting them back to today, based on an assumed growth rate and required return.</p>
<div class="lb-trans"><p>股息折现模型通过预测未来股息并将其折现回今天，基于假设的增长率和所需回报，来估算股票的价值。</p>
</div><p>For Consolidated Edison, the model uses a current dividend per share of US$3.82, a return on equity of 8.73% and a payout ratio of about 57.64%. The implied long term dividend growth rate is 3.54%, capped from a higher initial figure, with an expected growth input of 3.70%. This framework assumes dividends grow steadily over time while remaining supported by earnings and the current payout level.</p>
<div class="lb-trans"><p>对于 Consolidated Edison，该模型使用每股当前股息 3.82 美元，股本回报率 8.73% 和约 57.64% 的派息比率。隐含的长期股息增长率为 3.54%，从更高的初始数字上限，预期增长输入为 3.70%。该框架假设股息随着时间的推移稳步增长，同时保持在收益和当前派息水平的支持下。</p>
</div><p>Using these inputs, the DDM output suggests an intrinsic value of about US$107.15 per share. With the current share price around US$107, the implied discount is effectively 0.0%, which points to the stock trading very close to this dividend based estimate of value.</p>
<div class="lb-trans"><p>使用这些输入，DDM 输出建议每股内在价值约为 107.15 美元。当前股价约为 107 美元，隐含折扣实际上为 0.0%，这表明该股票的交易价格非常接近这一基于股息的价值估计。</p>
</div><p><strong>Result: ABOUT RIGHT</strong></p>
<div class="lb-trans"><p><strong>结果：大致正确</strong></p>
</div><p>Consolidated Edison is fairly valued according to our Dividend Discount Model (DDM), but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act.</p>
<div class="lb-trans"><p>根据我们的股息折现模型 (DDM)，Consolidated Edison 的估值合理，但这可能随时发生变化。将其价值添加到你的观察列表或投资组合中，并在需要采取行动时获得提醒。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/dcf/query-ZGF0ZT0yMDI2LTA1LTE0" alt="" original-src="https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/dcf?date=2026-05-14"/></p>
<p>ED Discounted Cash Flow as at May 2026</p>
<div class="lb-trans"><p>截至 2026 年 5 月的 ED 折现现金流</p>
</div><p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Consolidated Edison.</p>
<div class="lb-trans"><p>前往我们公司报告的估值部分，了解我们如何得出 Consolidated Edison 的合理价值的更多细节。</p>
</div><h3>Approach 2: Consolidated Edison Price vs Earnings</h3>
<div class="lb-trans"><h3>方法 2：Consolidated Edison 价格与收益</h3>
</div><p>For a profitable utility like Consolidated Edison, the P/E ratio is a useful way to see how much you are paying for each dollar of earnings. Investors typically look for a P/E that lines up with their expectations for earnings stability, growth and risk, with higher growth or lower perceived risk often justifying a higher P/E, and the opposite also being true.</p>
<div class="lb-trans"><p>对于像 Consolidated Edison 这样的盈利公用事业，P/E 比率是查看你为每美元收益支付多少的有用方式。投资者通常会寻找与他们对收益稳定性、增长和风险的预期相符的 P/E，比率较高的增长或较低的感知风险通常会使 P/E 较高，反之亦然。</p>
</div><p>Consolidated Edison currently trades on a P/E of 18.31x. This sits below the Integrated Utilities industry average P/E of 19.21x and the peer group average of 20.73x. Simply Wall St also provides a proprietary “Fair Ratio” of 22.94x, which is the P/E level the model suggests for this stock after factoring in elements such as earnings growth characteristics, industry, profit margins, market cap and company specific risks.</p>
<div class="lb-trans"><p>Consolidated Edison 当前的 P/E 为 18.31 倍。这低于综合公用事业行业的平均 P/E 19.21 倍和同行组的平均 20.73 倍。Simply Wall St 还提供了一个专有的 “合理比率” 22.94 倍，这是模型在考虑收益增长特征、行业、利润率、市值和公司特定风险等因素后为该股票建议的 P/E 水平。</p>
</div><p>This Fair Ratio can be more informative than a simple comparison with peers or the broad industry, because it is tailored to Consolidated Edison’s own profile rather than assuming all utilities deserve the same multiple. Compared with the current P/E of 18.31x, the Fair Ratio of 22.94x indicates the stock is trading below what this framework would suggest.</p>
<div class="lb-trans"><p>这个合理比率比简单的同行或广泛行业比较更具信息性，因为它是针对 Consolidated Edison 自身的特征量身定制的，而不是假设所有公用事业都应享有相同的倍数。与当前的 P/E 18.31 倍相比，合理比率 22.94 倍表明该股票的交易价格低于该框架所建议的水平。</p>
</div><p><strong>Result: UNDERVALUED</strong></p>
<div class="lb-trans"><p><strong>结果：被低估</strong></p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE0" alt="" original-src="https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/pe-multiple-vs-industry?date=2026-05-14"/></p>
<p>NYSE:ED P/E Ratio as at May 2026</p>
<div class="lb-trans"><p>截至 2026 年 5 月的 NYSE:ED P/E 比率</p>
</div><p>P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 19 top founder-led companies.</p>
<div class="lb-trans"><p>P/E 比率讲述了一个故事，但如果真正的机会在其他地方呢？开始投资于遗产，而不是高管。发现我们 19 家顶级创始人领导的公司。</p>
</div><h3>Upgrade Your Decision Making: Choose your Consolidated Edison Narrative</h3>
<div class="lb-trans"><h3>升级你的决策：选择你的 Consolidated Edison 故事</h3>
</div><p>Earlier it was mentioned that there is an even better way to understand valuation. Narratives are a tool that lets you connect your view of Consolidated Edison’s story with your assumptions for future revenue, earnings and margins, link that forecast to a fair value, then compare it with the current price to see whether the stock looks attractive or expensive to you.</p>
<div class="lb-trans"><p>之前提到过，有一种更好的方式来理解估值。叙述是一种工具，让你将对 Consolidated Edison 故事的看法与对未来收入、收益和利润率的假设相连接，将该预测与合理价值联系起来，然后与当前价格进行比较，以查看该股票对你来说是否看起来有吸引力或昂贵。</p>
</div><p>On Simply Wall St’s Community page, Narratives sit on top of the usual models. This means you can quickly see how your fair value estimate stacks up against the live market price. Those Narratives then update automatically as new earnings reports or news flow into the platform, so you are not relying on stale assumptions.</p>
<div class="lb-trans"><p>在 Simply Wall St 的社区页面上，叙述位于通常模型之上。这意味着你可以快速看到你的合理价值估计与实时市场价格的对比。这些叙述会随着新的收益报告或新闻流入平台而自动更新，因此你不必依赖过时的假设。</p>
</div><p>Because every investor can bring their own perspective, one Consolidated Edison Narrative might reflect a cautious view with a lower fair value and modest margin expectations, while another might assume stronger revenue growth and higher profitability, leading to a higher fair value. Seeing these side by side helps you decide which story and price you are more comfortable acting on.</p>
<div class="lb-trans"><p>因为每个投资者都可以带来自己的视角，一个 Consolidated Edison 的叙述可能反映出谨慎的观点，具有较低的合理价值和适度的利润预期，而另一个可能假设更强的收入增长和更高的盈利能力，从而导致更高的合理价值。并排查看这些有助于你决定哪个故事和价格更适合你采取行动。</p>
</div><p>Do you think there's more to the story for Consolidated Edison? Head over to our Community to see what others are saying!</p>
<div class="lb-trans"><p>你认为 Consolidated Edison 的故事还有更多内容吗？前往我们的社区看看其他人怎么说！</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/quote-price/query-ZGF0ZT0yMDI2LTA1LTE0" alt="" original-src="https://images.simplywall.st/company/721aa817-6bdd-4ca3-aa2e-3117a6b10b23/chart/quote-price?date=2026-05-14"/></p>
<p>NYSE:ED 1-Year Stock Price Chart</p>
<div class="lb-trans"><p>NYSE:ED 1 年股票价格走势图</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇来自 Simply Wall St 的文章性质较为一般。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章并不意图作为财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中均没有持仓。</em></p>
</div><h3><strong>New:</strong> AI Stock Screener &amp; Alerts</h3>
<div class="lb-trans"><h3><strong>新功能：</strong> AI 股票筛选器与提醒</h3>
</div><p>Our new AI Stock Screener scans the market every day to uncover opportunities.</p>
<div class="lb-trans"><p>我们的新 AI 股票筛选器每天扫描市场，发掘机会。</p>
</div><p>• Dividend Powerhouses (3%+ Yield)</p>
<div class="lb-trans"><p>• 分红强劲的公司（收益率 3% 以上）</p>
</div><p>• Undervalued Small Caps with Insider Buying</p>
<div class="lb-trans"><p>• 内部人士买入的被低估小盘股</p>
</div><p>• High growth Tech and AI Companies</p>
<div class="lb-trans"><p>• 高增长的科技和 AI 公司</p>
</div><p>Or build your own from over 50 metrics.</p>
<div class="lb-trans"><p>或者从 50 多个指标中构建您自己的筛选器。</p>
</div><p>Explore Now for Free</p>
<div class="lb-trans"><p>立即免费探索</p>
</div>

爱迪生联合电气（ED）在最近专注于电网基础设施后是否定价合理