Public Service Enterprise Group rated Hold due to overvaluation despite strong fundamentals.

Public Service Enterprise Group (PEG) is rated as a Hold because its stock remains overvalued with limited growth potential despite solid fundamentals. PEG's Q3 adjusted earnings per share beat expectations, but its GAAP earnings missed by nearly 40%, raising concerns about profitability and valuation. Growth driven by AI and data centers is still uncertain, and electricity sales growth is stagnant at 1%, challenging optimistic growth views. While the company's fundamentals are sound, the current stock price suggests flat or negative returns over the next three years, even when including dividends.

As of Nov 02, 2026 23:01 WIB, PEG trades at USD 72.64, closer to its 52-week low of USD 66.56 than its high of USD 86.95, reflecting some valuation pressure despite its dividend yield of 3.61%. The stock's 1-day decline of 2.27% on Pluang contrasts with its relatively stable market cap of $37.03 billion, indicating cautious sentiment among investors. This pricing context aligns with the Hold rating, suggesting limited upside potential in the near term.