Sempra Energy (SRE) Fair Value & Analysis

Utilities · US · Market cap $60.9B · ISIN US8168511090

What is Sempra Energy really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case ($55.71). The favourable scenario is already priced in.
• Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range $51.59 – $99.04 · fair‑value band $33.35 – $55.71 · the $84.57 price screens above the $44.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Sempra Energy (SRE) currently trades at $84.57, while our model-based Fair Value estimate is $44.47, implying the stock looks roughly 90.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Utilities sector. Bull case: the Multiples group reads highest at a median of $44.64 per share, and 0 of the 14 models we run sit above the $84.57 price. Bear case: the Earnings-Based group reads lowest at $14.39, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Sempra Energy generated revenue of $13.6B at a net margin of 14.4%. Revenue declined 3.9% year over year. It earns a return on equity of 5.7%. Net debt stands at $36.3B. Fundamentals as of Sep 5, 2026

Our scenario range runs from $33.35 (bear case) to $55.71 (bull case); at $84.57, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 16% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −35% fair-value upside, at −47%, SRE screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.2392 per share, which is 0.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Widest divergence: Multiples ($44.64) versus Earnings-Based ($14.39). Highest evidence: Residual Income (74).

Key figures & financial health

Quality Score breakdown

About the company

Sempra engages in the regulated utilities business in the United States and Mexico. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. It also invests in and operates electric and gas utilities and other energy infrastructure that provides energy services to customers.

Full company description

Sempra engages in the regulated utilities business in the United States and Mexico. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. It also invests in and operates electric and gas utilities and other energy infrastructure that provides energy services to customers. The Sempra California segment provides natural gas and electric services to Southern California and part of central California. As of December 31, 2025, it offered electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles. This segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas. As of December 31, 2025, it served a population of 21.3 million covering an area of 24,000 square miles. The Sempra Texas Utilities segment engages in the regulated electricity transmission and distribution utility business. As of December 31, 2025, transmission system included approximately 18,418 circuit miles of transmission lines; 1,333 transmission and distribution substations; interconnection to 230 third-party generation facilities totaling 63,670 MW; and distribution system included more than 4.1 million points of delivery and consisted of 127,398 circuit miles of overhead and underground lines. The Sempra Infrastructure segment develops, constructs, operates, and invests in energy infrastructure to help enable the access to cleaner energy in markets in the United States, Mexico, and internationally. The company was formerly known as Sempra Energy and changed its name to Sempra in May 2023. Sempra was incorporated in 1996 and is headquartered in San Diego, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sempra Energy reported revenue of $13.7B in FY2025 versus $13.1B in FY2021, a compound +1.2%/yr. Reported net income was $1.8B in FY2025, compounding +8.7%/yr from FY2021.

SRE screens 90% overvalued. Compare with Iberdrola, S.A →

Peer Group

Utilities - Diversified · 52 stocks

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.

Valuation Multiples vs Utilities - Diversified median · lower = cheaper

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Insider activity: 86/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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