Dominion Energy Inc (D) fair value: what the stock is really worth
As of Oct 21, 2026: fair value (intrinsic value) of Dominion Energy Inc stock $37.88, price $62.33, upside -39.2%, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range $34.32 – $71.81 · fair‑value band $30.12 – $51.79 · the $62.33 price screens above the $37.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments.
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The Dominion Energy Virginia segment engages in the generation, distribution, and transmission of electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.5 million residential, commercial, and industrial customers in South Carolina.
The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation fleet and renewable natural gas facilities.
As of December 31, 2025, the company's portfolio of assets included approximately 30.7 GW of electric generating capacity, 10,800 miles of electric transmission lines, and 80,400 miles of electric distribution lines.
The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.
Stock analysis
Dominion Energy Inc (D) currently trades at $62.33, while our model-based Fair Value estimate is $37.88, 39.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $48.26 per share, and 0 of the 13 models we run sit above the $62.33 price.
Bear case: the Asset-Based group reads lowest at $17.72, and 13 of the 13 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $30.12 (bear) to $51.79 (bull), the price of $62.33 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Dominion Energy Inc reported revenue of $16.5B in FY2025 versus $11.4B in FY2021, a compound +9.6%/yr. Reported net income was $3.0B in FY2025, compounding −3.1%/yr from FY2021.
Key figures
Market cap $55.0B Large · P/E ratio 21.6 · P/S ratio 3.03 · EPS (TTM) $2.89 · Dividend yield 4.3% · Net margin 14.0% · Return on equity 8.3% · Return on assets (EBIT) 2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −36% fair-value upside, at −39%, D screens richer than that median.
Fair Value models
Bear$30.12Fair Value $37.88Bull$51.79
Price $62.33 · Upside -39.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.1778 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.31/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
Start year 2020 (pandemic). Over 10 years: +3.5% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+20.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.9%
Dividend (yield on the price)4.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.6% vs 0.9%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 27%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.1%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Regulated operations deliver stability and a sector moat, yet oversight, low innovation and high leverage constrain the business.
Main risk: Mounting political resistance and extended regulatory reviews for the NextEra merger threaten capture of data center growth and delivery of efficiencies.
Dominion Energy's regulated electric operations stand to benefit from surging data center demand in its Virginia territory. The proposed merger with NextEra Energy promises accelerated clean energy development and customer bill relief, yet it encounters mounting political resistance and extended regulatory reviews in the state. Will the combination deliver the efficiencies and scale to capture that growth, or will approval obstacles limit the potential?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Regulated Electric · 157 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−39.2% · Below median
Profitability
Return on equity (12 months)8.3% · Below median
Return on assets2.6% · Below median
Net margin (12 months)14.0% · Above median
Operating margin (12 months)29.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)17.6% · Top 25%
Dividend yield (12 months)4.3% · Above median
Balance sheet
Debt / equity1.50× · Highest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/E (12 months)21.6× · Pricier than median
P/B1.89× · Pricier than median
P/S (12 months)3.03× · Pricier than median
EV/EBITDA11.8× · Pricier than median
PEG2.38× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)88· sector 19
PAST (return on equity)33· sector 39
HEALTH (low debt)25· sector 52
DIVIDEND (yield)86· sector 65
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Dominion Energy Inc Fair Value". https://www.fairvalue-calculator.com/stock/D
Frequently asked questions
Is Dominion Energy Inc (D) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of $37.88 versus a price of $62.33, about −39% upside (overvalued).
What is the fair value of D?
Our model-based fair value for Dominion Energy Inc is $37.88 (as of Oct 22, 2026), built from audited fundamentals. The current price: $62.33.
What is the quality score of D?
Dominion Energy Inc has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dominion Energy Inc (D)?
Our model-based price target is the fair value of $37.88 (as of Oct 22, 2026) from 14 valuation models. Cautious scenario $30.12, optimistic scenario $51.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Dominion Energy Inc stock forecast for 2026?
Our models put fair value at $37.88, about −39% upside versus a price of $62.33 (overvalued). Cautious scenario $30.12, optimistic scenario $51.79. The calculation is refreshed regularly with new filings.
What is the revenue of Dominion Energy Inc (D)?
Dominion Energy Inc reported trailing-twelve-month revenue of about $18.1B (latest available figure, as of Oct 22, 2026).
Does Dominion Energy Inc pay a dividend?
Dominion Energy Inc currently shows a dividend yield of 4.28% relative to its recent price (as of Oct 22, 2026).
What is the intrinsic value of Dominion Energy Inc (D)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dominion Energy Inc it is $37.88 per share (as of Oct 22, 2026), against a price of $62.33. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Dominion Energy Inc stock overvalued or undervalued in 2026?
As of Oct 22, 2026, D trades above its calculated fair value: price $62.33, fair value $37.88, a gap of about −39% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of D?
No. The price is what the market pays today ($62.33); the fair value is what the company's own numbers justify ($37.88). For Dominion Energy Inc the two are $24.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dominion Energy Inc worth?
The market values Dominion Energy Inc at about $55.0B (market capitalisation, as of Oct 22, 2026). Per share that is $62.33; our models calculate a fair value of $37.88 per share.
What do the bullish and bearish scenarios say about D?
Our models span a range for Dominion Energy Inc: cautious scenario $30.12, base $37.88, optimistic $51.79 per share (as of Oct 22, 2026, price $62.33). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of D?
Dominion Energy Inc trades at a price-to-earnings ratio of 21.6 (as of Oct 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $37.88 is built from several models across several years. Other multiples: PEG 2.4, P/B 1.9, P/S 3.0, EV/EBITDA 11.8.
What is the PEG ratio of D?
The PEG ratio of Dominion Energy Inc is 2.38 (P/E divided by earnings growth, as of Oct 22, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Dominion Energy Inc (D)?
Balance-sheet figures for Dominion Energy Inc (as of Oct 22, 2026): return on equity 8.3%, debt of 1.50 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is D from its 52-week high?
Dominion Energy Inc trades at $62.33, about 12% below its 52-week high of $70.97 and 13% above the low of $55.36 (as of Oct 21, 2026). Distance from the high says nothing about value: that is what the fair value of $37.88 is for.
Which stocks are comparable to Dominion Energy Inc?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dominion Energy Inc stock attractive at the current price?
The data as of Oct 22, 2026: price $62.33, calculated fair value $37.88 (−39%), Quality Score 44/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of D calculated?
We run Dominion Energy Inc through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $37.88, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.6 % above its aggregate fair value. Dominion Energy Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dominion Energy Inc (D)?
The closing price on Oct 21, 2026 was $62.33. Our model-based fair value is $37.88, about −39% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dominion Energy Inc right now?
The price sits above even our optimistic bull case ($51.79). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Dominion Energy Inc (D) come from?
Earnings per share at Dominion Energy Inc grew −0.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.1 %, EBIT margin −1.1 %, tax rate +1.6 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Dominion Energy Inc
How large is the market capitalisation of Dominion Energy Inc (D)?
The market capitalisation of Dominion Energy Inc is $55.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dominion Energy Inc (D)?
The price-to-sales ratio of Dominion Energy Inc is 3.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dominion Energy Inc (D)?
Earnings per share at Dominion Energy Inc are $2.89 (price ÷ EPS = P/E 21.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dominion Energy Inc (D)?
The dividend yield of Dominion Energy Inc is 4.3% (payout 92.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dominion Energy Inc (D)?
The net margin of Dominion Energy Inc is 14.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dominion Energy Inc (D)?
The return on equity (ROE) of Dominion Energy Inc is 8.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dominion Energy Inc (D)?
On an EBIT basis the return on assets of Dominion Energy Inc is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dominion Energy Inc (D)?
The operating margin of Dominion Energy Inc is 29.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dominion Energy Inc (D)?
Revenue at Dominion Energy Inc is growing +17.6% versus a year earlier (3y avg +5.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dominion Energy Inc (D)?
Earnings per share at Dominion Energy Inc are growing −58.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dominion Energy Inc (D) generate?
The free cash flow of Dominion Energy Inc is −$7.3B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dominion Energy Inc (D) carry?
The net debt of Dominion Energy Inc is $48.7B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 22, 2026