Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Southern CoSO -0.88%77 EV-to-EBITDA is 12.70 as of Jul. 20, 2026, which is 0% below its 10-year median of 12.71. GuruFocus rates SO with a GF Score™ of 77/100 and a GF Value™ of $94.24 (Fairly Valued). The stock has 12 warning signs investors should review. Among 469 Utilities - Regulated companies, Southern Co ranks worse than 68.44% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Southern Co's enterprise value is $184,299 Mil.
Southern Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $14,516 Mil. Therefore, Southern Co's EV-to-EBITDA for today is 12.70.
The historical rank and industry rank for Southern Co's EV-to-EBITDA or its related term are showing as below:
SO'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.66 Med: 12.71 Max: 17.47
Current: 12.7
During the past 13 years, the highest EV-to-EBITDA of Southern Co was 17.47. The lowest was 8.66. And the median was 12.71.
SO's EV-to-EBITDA is ranked worse than 68.44% of 469
companies
in the Utilities - Regulated industry
Industry Median: 9.92
vs SO: 12.70
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Southern Co (NYSE:SO) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Southern Co's PE Ratio (TTM) for today is calculated as:
Southern Co's share price for today is $94.46.
Southern Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.910.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Southern Co's EV-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.
For the Utilities - Regulated Electric subindustry, Southern Co's EV-to-EBITDA, along with its competitors' market caps and EV-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.
Southern Co EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Southern Co's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Southern Co's EV-to-EBITDA falls into.
Southern Co's current Enterprise Value is $184,299 Mil.
Southern Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $14,516 Mil.
* 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.
Southern Co (SO) has a EV-to-EBITDA of 12.70 as of Jul. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Southern Co. This is near median its historical median of 12.71. Over the past decade, Southern Co's EV-to-EBITDA has ranged from 8.66 to 17.47. According to the industry distribution chart, Southern Co ranks #321 out of 469 companies in the Utilities - Regulated industry, placing it in the top 68.4%.
Is Southern Co's EV-to-EBITDA too high?
Southern Co's current EV-to-EBITDA of 12.70 is near median its 10-year median of 12.71. Over the past 10 years, this metric has ranged from a low of 8.66 to a high of 17.47. The Utilities - Regulated industry median EV-to-EBITDA is 9.92. Southern Co's value of 12.70 is 28% above this industry median. Based on the distribution chart, Southern Co ranks #321 out of 469 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Southern Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Southern Co's EV-to-EBITDA compare to DUK and AEP?
According to the Utilities - Regulated industry distribution chart, Southern Co ranks #321 out of 469 companies for EV-to-EBITDA. This places Southern Co in the lower half of its industry. The industry median EV-to-EBITDA is 9.92. Southern Co's value of 12.70 is 28% above this benchmark. Historically, Southern Co's own EV-to-EBITDA has ranged from 8.66 to 17.47 over the past decade. While the company's 10-year median is 12.71 vs. the industry median of 9.92, Southern Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.92, based on 469 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Southern Co's current EV-to-EBITDA of 12.70 is 28% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Southern Co. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Co's current EV-to-EBITDA is 12.70, which is near median its own 10-year median of 12.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Co stock overvalued right now?
Based on GuruFocus' analysis, Southern Co (SO) is currently considered Fairly Valued. The stock's GF Value™ is $94.24, compared to a current price of $94.46 — trading 0.2% above its estimated fair value. The current EV-to-EBITDA is 12.70, which is near median its 10-year median of 12.71 and 28% above the Utilities - Regulated industry median of 9.92. Southern Co's overall GF Score™ is 77/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Southern Co (SO), the current EV-to-EBITDA is 12.70 as of Jul. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Southern Co (SO) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Co stock appears to be overvalued.
The current stock price of $94.46 is trading 0.2% above its estimated GF Value™ of $94.24.
GuruFocus considers Southern Co to be Fairly Valued.
Key valuation signals for SO:
EV-to-EBITDA: 12.70 (near median its 10-year median of 12.71)
GF Value™: $94.24 vs. price of $94.46 (0.2% above fair value)
Industry Position: 28% above the Utilities - Regulated median (#321 of 469)
No single metric tells the full story. See the SO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern is one of the largest utilities in the US. The company serves 9 million customers with vertically integrated electric utilities in three states and natural gas distribution utilities in four states. It owns 46 gigawatts of rate-regulated generating capacity, primarily for serving customers in Georgia, Alabama, and Mississippi. Subsidiary Southern Power owns 13 gigawatts of natural gas generation and renewable energy across the US and sells the electricity primarily under long-term contracts.
77GF Score
Get the complete analysis for SO
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SO has been successfully added to your 
