SSE PLC (SSE) Fair Value & Analysis
Utilities · GB · Market cap 30.0B GBX · ISIN GB0007908733
What is SSE PLC really worth?
Below-average quality, and trading another 52% above our fair value of £15.80.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 16 valuation models · updated today
Share price +2.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (£20.54). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (£10.00 to £20.54) leaves room in how you read the outcome.
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 £11.82 – £27.58 · fair‑value band £10.00 – £20.54 · the £24.01 price screens above the £15.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
SSE PLC (SSE) currently trades at £24.01, while our model-based Fair Value estimate is £15.80, implying the stock looks roughly 52.0% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Utilities sector. Bull case: the Multiples group reads highest at a median of £17.03 per share, and 0 of the 16 models we run sit above the £24.01 price. Bear case: the Earnings-Based group reads lowest at £5.75, and 16 of the 16 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, SSE PLC generated revenue of £10.2B at a net margin of 12.6%. Revenue declined 2.1% year over year. It earns a return on equity of 9.7%. Net debt stands at £11.6B. Fundamentals as of Sep 5, 2026
Our scenario range runs from £10.00 (bear case) to £20.54 (bull case); at £24.01, 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. For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at −34%, SSE screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly £0.1757 per share, which is 1.1 % 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.
All 16 models by family
Widest divergence: Multiples (£17.03) versus Earnings-Based (£5.75). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 67
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company distributes electricity to approximately 4 million homes and businesses in southern central England and the north of Scotland; and owns, develops, and operates the high voltage electricity transmission system in the north of Scotland and other areas.
Full company description
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company distributes electricity to approximately 4 million homes and businesses in southern central England and the north of Scotland; and owns, develops, and operates the high voltage electricity transmission system in the north of Scotland and other areas. Its diversified portfolio includes onshore and offshore wind farms, hydro-electric power, and batteries, flexible thermal generation, and electricity transmission and distribution networks. In addition, the company provides energy products and services; and invests in, develops, builds, and operates electricity infrastructure and businesses. The company was formerly known as Scottish and Southern Energy plc and changed its name to SSE plc in September 2011. SSE plc was incorporated in 1989 and is based in Perth, the United Kingdom.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
SSE PLC reported revenue of £10.2B in FY2026 versus £8.7B in FY2022, a compound +4.0%/yr. Reported net income was £1.2B in FY2026, compounding −20.5%/yr from FY2022.
of which total revenue −11.2 % · buybacks/dilution −1.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
SSE screens 52% 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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Iberdrola, S.A IBE | €20.28 | €8.45 | −58% |
| Enel SpA ENEL | €9.42 | €4.82 | −49% |
| Engie SA ENGI | €24.50 | €21.15 | −14% |
| Sempra SRE | $84.57 | $44.47 | −47% |
| E.ON SE EOAN | €17.83 | €11.71 | −34% |
| RWE Aktiengesellschaft generates and RWE | €59.10 | €55.77 | −6% |
| ACWA Power Company 2082 | 184.00 SAR | 24.19 SAR | −87% |
| Brookfield Infrastructure Partners L.P. BIPUN | C$54.99 | C$34.34 | −38% |
| EnBW Energie Baden-Württemberg AG EBK | €68.60 | €21.11 | −69% |
| EDP, S.A EDP | €4.70 | €3.81 | −19% |
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