CEG (Constellation Energy) Debt-to-EBITDA : (As of Jun. 2026)

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CEG Constellation Energy Corp CEG
79 GF Score
Price $254.71
GF Value $286.69
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Constellation Energy Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Constellation Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $5,589 Mil. Constellation Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $19,111 Mil. Constellation Energy's annualized EBITDA for the quarter that ended in Jun. 2026 was $9,396 Mil. Constellation Energy's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.63.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Constellation Energy's Debt-to-EBITDA or its related term are showing as below:

CEG' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.2   Med: 1.53   Max: 3.7
Current: 3

During the past 8 years, the highest Debt-to-EBITDA Ratio of Constellation Energy was 3.70. The lowest was 1.20. And the median was 1.53.

CEG's Debt-to-EBITDA is ranked better than
65.99% of 344 companies
in the Utilities - Independent Power Producers industry
Industry Median: 5.005 vs CEG: 3.00

Constellation Energy  (NAS:CEG) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Constellation Energy Debt-to-EBITDA Related Terms

Constellation Energy Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Constellation Energy's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Constellation Energy Debt-to-EBITDA Chart

Constellation Energy Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Constellation Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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CEG vs VST, NRG, TLN: Debt-to-EBITDA Comparison

For the Utilities - Independent Power Producers subindustry, Constellation Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Constellation Energy Debt-to-EBITDA vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Constellation Energy's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Constellation Energy's Debt-to-EBITDA falls into.


CEG
79GF Score
Constellation Energy Corp CEG
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Constellation Energy Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Constellation Energy's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1814 + 7683) / 6623
=1.43

Constellation Energy's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(5589 + 19111) / 9396
=2.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Is Constellation Energy (CEG) Overvalued in 2026?

Based on GuruFocus' analysis, Constellation Energy stock appears to be undervalued. The current stock price of $254.71 is trading 11.2% below its estimated GF Value™ of $286.69. GuruFocus considers Constellation Energy to be Modestly Undervalued.

Key valuation signals for CEG:

  • Debt-to-EBITDA:
  • GF Value™: $286.69 vs. price of $254.71 (11.2% below fair value)
  • GF Score™: 79/100 with 4 warning signs

No single metric tells the full story. See the CEG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Constellation Energy Business Description

Address 1310 Point Street, Baltimore, MD, USA, 21231-3380
Constellation Energy Corp producer of carbon-free energy and a supplier of energy products and services. The company offers generating capacity that includes nuclear, wind, solar, natural gas, and hydroelectric assets. It sells electricity, natural gas, and other energy-related products and sustainable solutions to various types of customers, including distribution utilities, municipalities, cooperatives, and commercial, industrial, public sector, and residential customers in markets across multiple geographic regions. Its operating segments and reporting units are Mid-Atlantic, Midwest, New York, ERCOT, and Other Power Regions.
79GF Score

Get the complete analysis for CEG

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$254.71
Price
$286.69
GF Value