Evergy (EVRG)
Forward P/E is 18.77x against a peer median of 14.43x, a ratio of 1.30x — above the 1.15 overvalued line — with trailing P/E 21.71x and PEG 2.05. Latest-quarter revenue grew 4.3% year over year (PRIMARY, EDGAR), below the cluster median, so the growth exception does not apply and the premium is not paid for by delivered growth. Delivered demand check: the electric utilities group's median growth was 8.0% year over year — demand rising, while this company is growing at about half that pace.
What would change this label: Move to FAIRLY PRICED if the forward P/E compresses to about 16.6x or below (1.15x the peer median) at unchanged estimates, or if revenue growth rises above the cluster median of 8.0% year over year for two quarters with the PEG falling to about 1.5 or below. Move further from fair value if revenue growth falls below 2% year over year while the forward multiple stays above 18x.
Evergy generates and sells electricity to homes and businesses. Its shares cost about 30% more per dollar of expected earnings than similar power companies, even though its sales are growing more slowly than theirs. Paying a premium for slower growth makes the shares look overvalued.
Both lines start at 100 on 2020-09-01. Over the full window Evergy returned +61.98% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for Evergy: -33.8% (2022-04-20 to 2023-11-13). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 18.77x against a peer median of 14.43x, a ratio of 1.30x — above the 1.15 overvalued line — with trailing P/E 21.71x and PEG 2.05. Latest-quarter revenue grew 4.3% year over year (PRIMARY, EDGAR), below the cluster median, so the growth exception does not apply and the premium is not paid for by delivered growth. Delivered demand check: the electric utilities group's median growth was 8.0% year over year — demand rising, while this company is growing at about half that pace. The company’s forward P/E is 18.8× against a peer median of 14.4×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the electric utilities group's median latest-quarter revenue growth was 8.0% year over year (SEC filings) — demand rising. This company's 4.3% growth is well below that group pace. Latest-quarter sales growth was +4.3% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| Evergy (EVRG) | $85.13 | 18.8× | 21.7× |
| NRG | $96.52 | 9.5× | 24.9× |
| LNT | $70.05 | 19.3× | 22.2× |
| EIX | $58.69 | 9.6× | 6.1× |
| ES | $67.43 | 14.4× | 17.5× |
| PPL | $35.27 | 16.9× | 20.9× |
| Peer median | 14.4× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow = cash from operations minus spending on plant and equipment, both from the company’s SEC cash-flow statement. Gaps are quarters where that spending line is not separately tagged in the filings — shown as gaps, never estimated.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Mar 2026 2026-03-31 | $1.4B | — | $152M | 0.64 | $-489M |
| Q/E Dec 2025 2025-12-31 | $1.3B | — | $84M | — | $-530M |
| Q/E Sep 2025 2025-09-30 | $1.8B | — | $475M | 2.03 | $225M |
| Q/E Jun 2025 2025-06-30 | $1.4B | — | $171M | 0.74 | $-303M |
| Q/E Mar 2025 2025-03-31 | $1.3B | — | $125M | 0.54 | $-143M |
| Q/E Dec 2024 2024-12-31 | $1.2B | — | $78M | — | $-119M |
| Q/E Sep 2024 2024-09-30 | $1.8B | — | $466M | 2.02 | $427M |
| Q/E Jun 2024 2024-06-30 | $1.4B | — | $207M | 0.90 | $-360M |
| Q/E Mar 2024 2024-03-31 | $1.3B | — | $123M | 0.53 | $-301M |
| Q/E Dec 2023 2023-12-31 | $1.2B | — | $58M | — | $-248M |
| Q/E Sep 2023 2023-09-30 | $1.6B | — | $352M | 1.53 | $283M |
| Q/E Jun 2023 2023-06-30 | $1.3B | — | $179M | 0.78 | $-224M |
The last twelve reported quarters. Full 23-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | Evergy, Inc. |
| Chief executive | David Campbell (source: https://www.utilitydive.com/news/evergy-large-loads-resource-plan-earnings/827571/) |
| Sector | Utilities — Electric Utilities — generates and sells electricity to homes and businesses |
| Share price (Oct 28, 2026) | $85.13 |
| Market value (market cap) | $19.7B — share price times shares outstanding of 230,513,025 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $5.8B |
| Net income, last twelve months | $882M |
| Free cash flow, last twelve months | $-1.1B |
| Latest reported quarter | Q/E Mar 2026 (of 23 quarters in the data pack) |
| Six-year price return vs S&P 500 | +61.98% vs +118.28% |
| Worst peak-to-trough fall | -33.8% (2022-04-20 to 2023-11-13) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0001711269.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0001711269.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/EVRG/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.