CEG vs UNH: Which Is the Better Buy?

Side-by-side comparison of Constellation Energy Corporation and UnitedHealth Group Incorporated — 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
UnitedHealth Group Incorporated · Healthcare
$375.21
+28.2% upside to fair value
Med Conviction Grade B High Quality
QuantHub Verdict
UNH has more upside to fair value (+28.2%). These are model outputs — not personalized investment advice. See all research →
Valuation & Fundamentals
Metric CEG UNH
Current Price $262.11 $375.21
Fair Value Estimate $250.98 $481.06
Upside to Fair Value -4.2% +28.2%
Market Cap $94.1B $340.7B
Forward P/E — —
EV / EBITDA 13.9x 15.0x
Price / Sales 3.0x 0.8x
Price / FCF 300.3x 14.4x
Revenue Growth YoY +23.0% +0.4%
Gross Margin 94.9% 22.5%
Operating Margin 14.7% 4.8%
Return on Equity 14.7% 14.6%
Dividend Yield 0.64% 2.41%
FCF Yield 0.33% 6.95%
Analyst Consensus Strong Buy Strong Buy
Investment Thesis
CEG — Constellation Energy Corporation
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…
UNH — UnitedHealth Group Incorporated
UnitedHealth Group is the largest diversified healthcare enterprise in the United States, operating UnitedHealthcare insurance plans alongside Optum Health, Optum Insight, and Optum Rx, with 390,000 employees and a market capitalization of $340.74 billion. The business quality is high: a 14.6% return on equity, $26.07 in free cash flow per share, and a P/FCF of 14.39 demonstrate strong cash gener…
Accumulation Zones
Metric CEG UNH
Zone Low $188.23 $360.80
Zone High $213.33 $408.90
In Buy Zone? No Yes
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