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Xcel Energy valuation and forecast

Explore the models for Xcel Energy, adjust their assumptions and compare your own valuation with the platform's.

Your valuation workspace

What is XEL worth to you?

Start with the company's financial data. Make the assumptions your own.

8 models available

01 / Assumptions

Follow the forecast

The cash flows behind your value

USD per share
View annual figures
Forecast yearCash flow / share

Negative cash flows are shown in terracotta. Before the terminal value and equity bridge. Residual-income models show excess earnings; dividend models show dividends.

See the range of possibilities

Compare and combine your models

Your weighted value—

Weights start with the platform's included models. Change them to build your own combination. Select a model name to edit its assumptions.

ModelYour value / shareWeight

The platform's price and consistency filters are not reapplied to your scenarios.

Other model types 14 unavailable for XEL

Cash-flow DCF

This model does not apply to this company with the available financial data.

Revenue-to-maturity DCF

This model does not apply to this company with the available financial data.

Growth DCF

This model does not apply to this company with the available financial data.

P/B vs return on equity

This model does not apply to this company with the available financial data.

Peer price-to-book

This model does not apply to this company with the available financial data.

Peer P/E

This model does not apply to this company with the available financial data.

Peer price-to-FFO

This model does not apply to this company with the available financial data.

Peer price-to-sales

This model does not apply to this company with the available financial data.

Forward peer price-to-sales

This model does not apply to this company with the available financial data.

Growing-dividend model

This model does not apply to this company with the available financial data.

REIT funds from operations

This model does not apply to this company with the available financial data.

Book value / net assets

This model does not apply to this company with the available financial data.

Reported crypto treasury NAV

This model does not apply to this company with the available financial data.

Proved-reserve NAV

This model does not apply to this company with the available financial data.

Model values are estimates under the assumptions shown. They are not share-price forecasts or investment advice.

Valuation models compared

Utility earnings modelNet income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative.
~$87~$72–$110
Forward price-to-earnings vs peersNext year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
~$71~$70–$88
Justified price-to-bookBook value times (return on equity - growth) / (cost of equity - growth): steady-state returns.
~$74~$59–$99
Residual incomeBook value plus the present value of returns above the cost of equity, fading over ten years.
~$60~$42–$88
Dividend discount (two-stage)Dividends for five years at the growth the business can fund, then a steady payout and growth.
~$72~$57–$96
Models combinedweighted average of 5 models; primary model counts double
~$75~$60–$87

range across growth cases central value market price $78.66

Different models answer different questions: the cash-flow models ask what the business generates for owners; the peer multiples ask what similar companies in our coverage trade on. Where they disagree, the gap is the story. Projections are estimates based on current data, updated daily. Not investment advice. How each model works.

Analyst recommendations

20 analysts, Oct 2026
Buy1890%
Hold210%
Sell00%

Monthly trend

  1. Oct 2026414220
  2. Sep 2026413219
  3. Aug 202631318
  4. Jul 202631419

Counts of recommendations published by analysts covering Xcel Energy, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Price history

Loading chart…

Third-party market data · may be delayed

How our value has changed

Our value per share (re-run on each quarter's filings) Share price, month end
$20 $40 $60 $80 201220132014201520162017201820192020202120222023202420252026
View the data
PeriodOur value per share
FY2011 Q1 (backtest)$31.68
FY2011 Q2 (backtest)$36.33
FY2011 Q3 (backtest)$38.63
FY2011 Q4 (backtest)$41.08
FY2012 Q1 (backtest)$31.41
FY2012 Q2 (backtest)$28.90
FY2012 Q3 (backtest)$26.09
FY2012 Q4 (backtest)$51.64
FY2013 Q1 (backtest)$51.23
FY2013 Q2 (backtest)$51.40
FY2013 Q3 (backtest)$55.13
FY2013 Q4 (backtest)$41.04
FY2014 Q1 (backtest)$43.48
FY2014 Q2 (backtest)$35.72
FY2014 Q3 (backtest)$33.01
FY2014 Q4 (backtest)$0.56
FY2015 Q3 (backtest)$0.61

Our model re-run on each past quarter's filed figures: how the method would have valued Xcel Energy at the time (a backtest — our dated public record starts at launch). The grey line is the share price at month end, for comparison.

XEL valuation questions

How does Fundamentalytics value Xcel Energy?
We use the models that fit Xcel Energy's business and available financial data: utility earnings model, forward price-to-earnings vs peers, justified price-to-book, residual income, dividend discount (two-stage). Each model has its own assumptions and data requirements. The calculator explains which models are available and lets you adjust their inputs.

Data: SEC EDGAR filings, retrieved October 30, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to Xcel Energy.

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