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← CockpitCompetitor Analysis › POR Portland General Electric CompanyOpen in the cockpit ↗

Portland General Electric CompanyPORCompetitor analysis, valuation and peers

United States · USD·Utilities›Electric Utilities

Regulated electric utility serving Portland and the Willamette Valley in Oregon.

Momentum neutral 47
Mkt cap
$5.47B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$140M
20-day average traded
Fwd P/E
12.9×
forward earnings
ROIC−WACC
-1.9 pp
WACC 6.4%
Hurdle
n/a
no reverse DCF
Next earnings
98 days
12 Feb 2027
Close · USD$45.95
1D-0.1%
1W+3.4%
1M+1.3%
3M-4.5%
6M-5.3%
YTD-4.2%
1Y-3.4%
ATR %2.0%
Beta-0.06
52w lowhigh15.9% off high

What Portland General Electric does

Regulated electric utility serving Portland and the Willamette Valley in Oregon.

Earns the return the Oregon Public Utility Commission allows on the power plants, lines and equipment it has invested in, so profit grows as that asset base grows through rate cases decided by the regulator. It generates part of its own power and buys the rest on wholesale markets, with power costs largely recovered through customer rates.

Products and services

  • Electric utility (Oregon)

Customers

  • Residential, commercial and industrial ratepayers

Where it sits in the supply chain

  • Utilities
  • Electric utilities
  • Regulated generation, transmission…

What could go right

  • Oregon data-center electricity demand
  • Rate-base capex growth

What could go wrong

  • Wildfire liability risk
  • Regulatory rate-case risk

Moat: narrow (regulatory licence, scale). Regulated Oregon monopoly territory under cost-of-service rate recovery.

Headquarters: Portland, Oregon, US · Founded: 1889 · Employees: 2,877

Named competitors

Portland General Electric at a glance

Size Portland General Electric (POR) is a United States Utilities company (Electric Utilities) with a market value of $5.47B, the 1121st largest of 3,117 United States companies the cockpit tracks. Shares closed at $45.95 on 6 Nov 2026.

Performance Over six months the shares fell 5.3%, against -7.3% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue grew 2.5% over the last twelve months (peer median +4.6%); the operating margin is 15.9% (peer median 13.3%).

Valuation It trades at 12.9× forward earnings against a peer median of 12.9× (10th most expensive of 20).

Capital Return on invested capital runs 1.9 points below its cost of capital (6.4% WACC).

Short interest Short interest is 6.5% of the free float (15 Oct 2026).

Next results Next results expected around 12 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026POR 95Peer median 92
Six months, rebased to 100: Portland General Electric against the median of its 20 peers (local-currency closes).

Portland General Electric financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.40B$3.37B$3.17B$2.74B$2.51B
Revenue growth—+7%+16%+9%—
Gross profit$1.13B$1.14B$854M$968M$103M
EBITDA$1.12B$1.13B$772M$921M$23.0M
Net income$273M$306M$313M$228M$233M
Free cash flow-$416M-$71.0M-$490M-$938M-$92.0M
Capital expenditure$1.38B$1.19B$1.27B$1.36B$766M
Total debt$5.29B$5.25B$5.14B$4.46B$3.98B

Quarterly statements and history in the cockpit →

Portland General Electric competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%-10%0%+10%600995ORAACENWE600578600726600021ENICHER1773ACO-XBEPC001286TXNMCIG600157600642000027TORNTPOWER9513POR6-month return →1-month return →
Up and to the right = strong over both horizons. Portland General Electric is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×100×200×600995ORAACENWE600578600021ENICACO-XBEPC001286TXNM600157PORRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Portland General Electric is the large dot.

Portland General Electric competitors and peer comparison

Head to head with its named competitors (POR vs IDA vs NWE vs AVA)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Portland General Electric POR$5.47B-5%+3%16%12.9×n/a
IDACORP IDA$8.63B+2%+4%23%21.7×n/a
NorthWestern Energy NWE$5.09B+14%+11%19%20.6×n/a
Avista AVA$3.37B-1%-1%19%15.0×n/a
Black Hills BKH$6.47B+13%+3%24%18.2×n/a
Pinnacle West Capital PNW$12.6B+5%+8%23%19.1×n/a
OGE Energy OGE$10.5B+7%+2%26%21.6×8.1%
Alliant Energy LNT$18.8B+1%+5%23%20.8×n/a

How Portland General Electric compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Portland General Electric against its 20 peers (data as of 6 Nov 2026)
MeasurePORPeer medianRank in peer set
1-month return+1.3%-0.9%9th highest of 21
6-month return-5.3%-7.3%9th highest of 21
Distance from 52-week high-15.9%-26.8%6th highest of 21
Revenue growth (TTM)+2.5%+4.6%8th lowest of 21
Operating margin15.9%13.3%10th highest of 21
Forward P/E12.9×12.9×10th most expensive of 20
ROIC minus cost of capital-1.9 pp-0.7 pp7th lowest of 21
EV / EBITDA9.5×11.7×6th cheapest of 12
Net debt / EBITDA4.6×5.1×6th least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Portland General Electric PORUnited States$5.47B-5%+3%16%12.9×n/an/a
China Southern Power Grid Energy Storage 600995.SSChina$5.48B-21%+18%41%18.7×n/an/a
Ormat Technologies ORAUnited States$5.65B-24%+31%19%41.2×n/an/a
Acea ACE.MIItaly$5.14B-7%-21%26%14.3×5.8%-3.3%
NorthWestern Energy NWEUnited States$5.09B+14%+11%19%20.6×n/an/a
Beijing Jingneng Power 600578.SSChina$5.06B+3%-6%11%11.0×-2.8%+12.2%
Huadian Energy 600726.SSChina$5.01B-33%-7%10%n/an/an/a
Shanghai Electric Power 600021.SSChina$4.98B-31%-6%13%8.9×n/an/a
Enel Chile SA Sponsored ADR ENICUnited States$6.06B-6%+16%19%9.4×3.4%+6.9%
Hera HER.MIItaly$6.14B-3%-11%8%11.9×-8.9%+12.6%
YTL 1773.TJapan$6.14B+1%+19%19%12.5×n/an/a
ATCO ACO-X.TOCanada$6.15B+25%+5%12%16.8×15.0%+5.5%
Brookfield Renewable BEPCUnited States$4.79B-13%+6%19%249.6×n/an/a
Shaanxi Energy Investment 001286.SZChina$4.68B-16%+4%24%12.9×-9.2%+18.6%
TXNM Energy TXNMUnited States$6.41B-1%+10%24%22.5×n/an/a
Companhia Energetica de Minas Gerais SA Sponsored ADR Pfd CIGUnited States$6.45B-23%+13%13%9.0×-1.6%+9.4%
Wintime Energy 600157.SSChina$4.55B-21%-9%7%104.2×0.8%+1.4%
Shenergy 600642.SSChina$6.64B+1%-2%12%12.6×-1.6%+7.2%
Shenzhen Energy 000027.SZChina$4.49B-8%+4%13%11.2×n/an/a
Torrent Power TORNTPOWER.NSIndia$6.78B-26%+8%13%23.3×n/an/a
Electric Power Development 9513.TJapan$4.39B+2%+4%10%8.2×4.5%+5.4%

Questions

Who are Portland General Electric's main competitors?
Named competitors: IDACORP (IDA), PacifiCorp (private or unlisted), NorthWestern Energy (NWE), Avista (AVA), Black Hills (BKH), Pinnacle West Capital (PNW). The cockpit's measured peer set (industry) also includes China Southern Power Grid Energy Storage (600995.SS), Ormat Technologies (ORA), Acea (ACE.MI), NorthWestern Energy (NWE), Beijing Jingneng Power (600578.SS), Huadian Energy (600726.SS).
Is Portland General Electric expensive compared with its peers?
On forward p/e it trades at 12.9× against a peer median of 12.9×, 10th most expensive of 20 in its peer set.
How has Portland General Electric stock performed?
Over six months to 6 Nov 2026 the shares returned -5.3% against -7.3% for the median peer; over one year -3.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.