CEZ as banner

P/E

22.7
Current
30%
More Expensive
vs 3-y average of 17.4

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
22.7
=
Market Cap
Kč650.1B
/
Net Income
Kč28.1B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
22.7
=
Market Cap
Kč650.1B
/
Net Income
Kč28.1B

Valuation Scenarios

CEZ as is trading above its 3-year average

If P/E returns to its 3-Year Average (17.4), the stock would be worth Kč912.5 (23% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-41%
Maximum Upside
+24%
Average Downside
17%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 22.7 Kč1 190
0%
3-Year Average 17.4 Kč912.5
-23%
5-Year Average 16.3 Kč855.97
-28%
Industry Average 28.2 Kč1 474.09
+24%
Country Average 13.4 Kč701.88
-41%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
Kč650.1B
/
Jan 2026
Kč28.1B
=
22.7
Current
Kč650.1B
/
Dec 2026
Kč34.2B
=
19
Forward
Kč650.1B
/
Dec 2027
Kč29.9B
=
21.8
Forward
Kč650.1B
/
Dec 2028
Kč32.8B
=
19.8
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

Market Distribution

In line with most companies in Czech Republic
Percentile
68th
Based on 40 companies
68th percentile
22.7
Low
0.2 — 13.3
Typical Range
13.3 — 26.4
High
26.4 —
Distribution Statistics
Czech Republic
Min 0.2
30th Percentile 13.3
Median 13.4
70th Percentile 26.4
Max 28.2

CEZ as
Glance View

Founded in 1992, ČEZ, a.s., stands at the forefront of the Czech Republic's energy market, casting a wide net that extends beyond its borders into several European countries. As a predominant electricity producer, ČEZ's core operations are intricately woven into the entire electricity supply chain. The company orchestrates the generation, distribution, and sale of electricity, along with heat production, making it a linchpin in the region's energy infrastructure. Its extensive portfolio includes nuclear, coal, hydroelectric, and renewable energy sources, showcasing a commitment to a diversified energy mix. Nuclear power, in particular, plays a central role in its generation capacity, with key plants like Temelín and Dukovany bolstering its supply stability. This diversified energy generation strategy ensures resilience and adaptability in a shifting energy landscape while aligning with the broader European regulatory trends on sustainability and emission reductions. Profits flow primarily from electricity sales in the wholesale and retail markets, but ČEZ also capitalizes on strategic investments in energy innovation and sustainable technologies. The company's financial performance is further buttressed by its role as a utility provider, selling the energy it produces to households, businesses, and industries across Central and Southeastern Europe. In addition, through its subsidiaries, ČEZ has ventured into energy services, aiming to optimize energy consumption for its clients. This includes initiatives in energy efficiency and tailored services, aligning with global trends toward digitalization and sustainability. Such diversification not only shields ČEZ from fluctuations in energy prices but also positions it as a forward-thinking entity in the European energy sector. This multifaceted approach underpins its revenue streams and fosters resilience in an industry characterized by rapid change and regulatory pressures.

CEZ Intrinsic Value
1 029.43 CZK
Overvaluation 13%
Intrinsic Value
Price Kč1 190
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett