CONSTELLATION ENERGY CORPORATION (CEG)

Utilities · Electric Utilities · Price $282.41
Updated: Aug 28, 2026
Excellent Equity Returns — Utilities
ROE of 14.48% — above the 12% excellent threshold Zyberno applies to Utilities businesses.
ROE
14.48%
Return on Equity
ROIC
4.58%
Return on Invested Capital
ROA
4.49%
Return on Assets
Debt/Equity
0.75x
Leverage Ratio
Book Value/Share
$89.78
Equity Per Share

🧮 CEG ROE Calculation

ROE = Net Income / Shareholders' Equity
Net Income (TTM) $3.5B
Shareholders' Equity $32.3B
Total Debt $24.3B
Debt-to-Equity Ratio 0.75x
ROE (Return on Equity) 14.48%

Understanding ROE

Return on Equity (ROE) measures how efficiently a company generates profits from shareholders' equity. For CEG, the current ROE is 14.48%.

Why ROE Matters

Warren Buffett has called ROE one of his favorite metrics because it shows how well management uses shareholders' capital to generate returns. A company that consistently earns 15%+ ROE is typically a well-run business that creates value for shareholders.

ROE Benchmarks

Excellent: >20%

Exceptional returns on equity. Often indicates strong competitive advantages. Common in capital-light businesses.

Good: 15-20%

Above-average ROE. Buffett often looks for companies in this range or higher.

Average: 10-15%

Typical for most companies. Returns are reasonable but not exceptional.

Below Average: <10%

May indicate poor capital allocation or challenging business conditions.

The DuPont Analysis

ROE can be decomposed into three components using DuPont analysis:

ROE = Net Margin × Asset Turnover × Equity Multiplier

This breakdown reveals whether high ROE comes from high profitability (good), efficient asset use (good), or high leverage (potentially risky).

ROE vs ROIC: Which is Better?

ROIC: 4.58% →

ROIC measures returns on ALL capital. It's more comprehensive and less affected by leverage. Often considered the better quality metric.

ROE: 14.48%

ROE only measures returns on equity. Can be inflated by high debt. If ROE >> ROIC, the company uses significant leverage.

Owner Earnings: $1.6B →

Shows actual cash available to owners. Use alongside ROE and ROIC for complete analysis.

Net Income: $3.5B →

The numerator in ROE. Understanding net income trends helps explain ROE changes over time.

What to Look For

📊 Full CEG Stock Report

Intrinsic value, margin of safety, DCF valuation, and 250+ metrics.

🏆 CEG ROIC

Compare ROE to ROIC — the more comprehensive measure of capital efficiency.

💹 CEG P/E Ratio

Analyze valuation relative to earnings and understand market pricing.

👤 CEG Owner Earnings

Warren Buffett's preferred measure of true economic earnings available to owners.

💰 CEG Net Income

See the earnings that drive ROE calculations.

💵 CEG Free Cash Flow

Actual cash generation after capital expenditures.

View Full CEG Report Find More Quality Stocks
📊 Valuation Trilogy
Three interconnected metrics built on Owner Earnings
💎
Intrinsic Value
DCF Fair Value
🛡️
Margin of Safety
Valuation Gap
🎯
Expected Return
Projected Annual
Click any metric for full methodology and detailed analysis

Summary: CEG Return on Equity

CONSTELLATION ENERGY CORPORATION (CEG) has a ROE of 14.48%, which Zyberno classifies as excellent for a Utilities company — above the 12% threshold Zyberno applies to regulated utilities where equity returns are bounded by regulatory rate-setting. For complete financial analysis, view the full CEG stock report on Zyberno.

Frequently Asked Questions

What is CEG's current ROE?

CONSTELLATION ENERGY CORPORATION's Return on Equity (ROE) is 14.48%, measured against the 12% excellent threshold Zyberno applies to Utilities businesses. ROE measures the company's profitability relative to shareholders' equity.

Is CEG's ROE good?

CONSTELLATION ENERGY CORPORATION (CEG) has a ROE of 14.48%, which Zyberno classifies as excellent for a Utilities company — above the 12% threshold Zyberno applies to regulated utilities where equity returns are bounded by regulatory rate-setting.

What is the difference between ROE and ROIC?

ROE measures returns on shareholder equity only, while ROIC measures returns on all invested capital (debt + equity). CEG's ROE is 14.48% vs ROIC of 4.58%. ROE can be inflated by high debt, making ROIC often a more reliable quality metric.

Can high ROE be misleading?

Yes, high ROE can be misleading if achieved through high debt. CEG's debt-to-equity ratio is 0.75x. Compare ROE to ROIC — if ROE is much higher than ROIC, the company uses significant leverage which adds risk.

📊 Full CEG Stock Report

See CEG's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.

🏆 CEG ROIC

Compare to Return on Invested Capital — the most comprehensive measure of capital efficiency.

💹 CEG P/E Ratio

Analyze the price-to-earnings ratio and earnings yield as a valuation metric.

🎯 CEG Earnings Surprise (SUE)

See whether CEG is beating or missing its own earnings trend — Standardized Unexpected Earnings and post-earnings drift.

👤 CEG Owner Earnings

Warren Buffett's preferred measure of true economic earnings available to owners.

💰 CEG Net Income

See the bottom-line profit that drives return calculations.

📊 CEG EPS

Earnings per share — net income on a per-share basis.

View Full CEG Report Find More Quality Stocks
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