Constellation Energy Corp (CEG) is overvalued and Transalta Corp (TAC) is fairly valued.
Both trade above our estimate of their intrinsic value. TAC is the closer of the two: -0%, against -56% for CEG.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 10.0% (average of 2 methods) values the shares at $169.05; the price of $263.19 is 56% above that value.
Leak Score 30/100 on 10 of 12 signals
Discounting its cash flows at 7.9% (average of 2 methods) values the shares at $12.97; the price of $13.00 sits right on that value, and 80% of that value comes from beyond year five.
Leak Score 50/100 on 10 of 12 signals
| Metric | CEG | TAC |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $263.19 | $13.00 |
| Intrinsic value | $169.05 | $12.97 |
| Margin of safety | -56% | -0% |
| Leak Score | 30/100 (10/12) | 50/100 (10/12) |
| Market cap | $93.3B | $4.1B |
| Revenue growth, 5 years | 8.8% | 3.3% |
| Operating margin | 14.9% | -1.2% |
| Net margin | 11.3% | -3.3% |
| Return on equity | 15.3% | -1.4% |
| Debt to equity | 0.77 | 2.38 |
| P/E | 25.6x | — |
| Forward P/E | 19.8x | 32.9x |
| P/B | 2.9x | 7.0x |
| Dividend yield | 0.6% | 1.5% |