GE Vernova Inc. (GEV) stock analysis
Close on Nov 12, 2026Market cap $216.64BP/E 21.5Yield 0.15%
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed12 of 30 checks passed
GE Vernova passes 12 of the 30 checks behind our score; 11 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 2/6
- Growth
- 2/6
- Past performance
- 3/6
- Financial health
- 2/6
- Dividend
- 3/6
What stands out
Low debt
Debt is 24.8% of shareholders' equity, under the 40% we consider low.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 680% of total debt.
P/E below its 5-year median
GE Vernova's P/E of 21.2 is below its own 5-year median of 65.4.
P/E below the industry
GE Vernova's P/E of 21.2 is below the Electronic and Other Electrical Equipment and Components, except Computer Equipment median of 32.5.
What to watch
Revenue growing under 10% a year
Revenue grew 8.7% a year over the last three fiscal years, short of the 10% we look for.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.41; above 3 is the safe zone and below 1.8 the distress zone.
Guidance lowered
GE Vernova lowered its 2026 Revenue outlook on Jul 22, 2026.
P/B above the industry
GE Vernova's price-to-book of 18.79 is above the Electronic and Other Electrical Equipment and Components, except Computer Equipment median of 3.01.
Valuation2/6
P/E below its 5-year median
GE Vernova's P/E of 21.2 is below its own 5-year median of 65.4.
P/E below the industry
GE Vernova's P/E of 21.2 is below the Electronic and Other Electrical Equipment and Components, except Computer Equipment median of 32.5.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B above the industry
GE Vernova's price-to-book of 18.79 is above the Electronic and Other Electrical Equipment and Components, except Computer Equipment median of 3.01.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth2/6
Revenue growing under 10% a year
Revenue grew 8.7% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 16.9% over the last twelve months; the Electronic and Other Electrical Equipment and Components, except Computer Equipment median is 12.4%.
Guidance lowered
GE Vernova lowered its 2026 Revenue outlook on Jul 22, 2026.
Gross margin improving
Gross margin was 21.7% over the last twelve months, against 19.5% a year earlier.
Past performance3/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity above the industry
GE Vernova's return on equity of 104% is above the Electronic and Other Electrical Equipment and Components, except Computer Equipment median of 0.4%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 23.5% over the last twelve months, against a 5-year average of 1.7%.
Net margin above the industry
GE Vernova's net margin of 23.5% is above the Electronic and Other Electrical Equipment and Components, except Computer Equipment median of -0.2%.
Financial health2/6
Low debt
Debt is 24.8% of shareholders' equity, under the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 680% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets don't cover short-term debts
Current assets are 0.83 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.41; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
GE Vernova paid dividends worth 0.2% of the share price over the last twelve months.
Yield below Treasuries
The 0.2% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; GE Vernova yields 0.2%.
Dividend stability
Fewer than five years of dividend history.
Covered by earnings
Dividends take 4.6% of net income.
Covered by free cash flow
Dividends take 2.8% of free cash flow.
Fair value
How we estimate itWe don't publish a fair value for GE Vernova. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 65.4
- Electronic and Other Electrical Equipment and Components, except Computer Equipment median 32.5
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $3.14B
- Value traded per 1% price move
- $1.06B
Downside
Medium risk
- Typical loss in a bad month
- 18.9%
- Volatility (annualized)
- 55%
- Sharpe ratio, 1 year
- 0.63
- Beta to the S&P 500 (5Y)
- 1.39
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2021 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.0% | +8.7% | – | – | |
| Gross profit | +23.8% | +29.6% | – | – | |
| Operating income | +194.7% | – | – | – | |
| Net income | +214.7% | – | – | – | |
| EPS, diluted | +217.0% | – | – | – | |
| Free cash flow | +118.2% | – | – | – | |
| Dividend per share | +400.0% | – | – | – |
Returns and balance sheet
5 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2021 | FY2021 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 47.1% | |
| Return on assets | – | – | 8.5% | |
| Current ratio | – | – | 0.98 | |
| Inventory turnover | – | – | 3.2× | |
| Capex to revenue | – | – | 3.4% | |
| Diluted shares | – | – | 276M |
Cash use needs five years of cash flow figures
GE Vernova does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.8% | 0.66× | 5.53× | 47.1% |
| FY2024 | 4.4% | 0.72× | 5.75× | 18.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$4.88B
- Cash generatingOperating cash flow above zero$4.99B
- Return on assets improvedROA up on the prior year3.4% → 9.5%
- Earnings backed by cashOperating cash flow above net income$4.99B vs $4.88B
- Less leverageLong-term debt to assets fell– → 0.4%
- Better liquidityCurrent ratio rose1.08 → 0.98
- No dilutionShare count did not rise278M → 276M
- Gross margin improvedGross margin up on the prior year17.42% → 19.79%
- More efficientAsset turnover rose0.76 → 0.74
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