CEG vs COP: Which Is the Better Buy?
Side-by-side comparison of Constellation Energy Corporation and ConocoPhillips — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-22.
Constellation Energy Corporation · Utilities
$262.11
-4.2% upside to fair value
Med Conviction
Grade C
High Quality
VS
ConocoPhillips · Energy
$127.53
+32.1% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
COP has more upside to fair value
(+32.1%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
CEG |
COP |
| Current Price |
$262.11 |
$127.53 |
| Fair Value Estimate |
$250.98 |
$168.50 |
| Upside to Fair Value |
-4.2%
|
+32.1%
|
| Market Cap |
$94.1B |
$155.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
13.9x
|
6.2x
|
| Price / Sales |
3.0x
|
2.5x
|
| Price / FCF |
300.3x
|
7.9x
|
| Revenue Growth YoY |
+23.0%
|
+36.8%
|
| Gross Margin |
94.9%
|
27.7%
|
| Operating Margin |
14.7%
|
21.9%
|
| Return on Equity |
14.7%
|
14.3%
|
| Dividend Yield |
0.64% |
2.63% |
| FCF Yield |
0.33%
|
12.66%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Constellation Energy is the largest U.S. producer of carbon-free electricity, operating roughly 32,400 megawatts of nuclear, gas, wind, solar, and hydro generation across the Mid-Atlantic, Midwest, New York, ERCOT, and other power markets, with a 94.9% TTM gross margin that reflects the low marginal cost of nuclear fuel and the scarcity value of firm clean power. The business quality is genuinely…
ConocoPhillips is a global exploration and production company with a portfolio spanning unconventional North American shale, conventional international assets, LNG ventures, and Canadian oil sands, run by a new leadership team after Andy O'Brien became CEO on September 1, 2026. The business quality is medium: it generates substantial cash, with $16.15 in free cash flow per share and a 14.3% retur…
Accumulation Zones
| Metric |
CEG |
COP |
| Zone Low |
$188.23 |
$126.38 |
| Zone High |
$213.33 |
$143.22 |
| In Buy Zone? |
No
|
Yes
|