Stocktoria

AMEREN CORP AEE

NYSE · stock · Electric & Other Services Combined · website · IPO 1952-12-15 · LEI

AMEREN CORP statistics & valuation

P / S3.7×
P / B2.4×
FCF margin-8.8%
Net debt$19.4B
Net debt / EBITDA5.3×
Enterprise value USD$52.2B
EV / EBITDA14.3×
Earnings yield EBIT/EV3.9%
Return on capital4.5%
Graham number -29.5%$76.76

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($76.76); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
21.80% 22.80% 21.60% 21.40% 22.40% 20.80% 19.00% 20.80% 19.90% 23.00% 2016201720182019202020212022202320242025
Return on equity (%)
9.00% 7.10% 2016201720182019202020212022202320242025
Shares outstanding
243.4M 244.2M 245.8M 247.1M 253.3M 257.7M 262.0M 266.3M 269.9M 276.4M 2016201720182019202020212022202320242025
Net debt ($)
$7.32B $7.99B $8.49B $9.43B $11.05B $13.17B $14.14B $16.08B $17.79B $19.42B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.60% 2.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
0.80% -0.20% -1.80% -4.10% -26.00% -28.40% -13.70% -13.80% -20.40% -8.80% 2016201720182019202020212022202320242025
Debt / equity (×)
1.01× 1.09× 1.09× 1.15× 1.23× 1.34× 1.33× 1.40× 1.45× 1.44× 2016201720182019202020212022202320242025
EPS ($)
$2.68 $2.14 $3.32 $3.35 $3.50 $3.84 $4.14 $4.38 $4.42 $5.35 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

AMEREN CORP trades at about 20.3× earnings — near its 10-year norm (10-year range 15.9×–26.5×, median 21×).

15.9× 26.5×

Shaded band = 10-year range (15.9×–26.5×); dot = today's 20.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin23.0%19.9%20.8%19.0%20.8%22.4%21.4%21.6%22.8%21.8%
Net margin8.5%10.7%
FCF margin-8.8%-20.4%-13.8%-13.7%-28.4%-26.0%-4.1%-1.8%-0.2%0.8%
Return on assets2.0%2.6%
Return on equity7.1%9.0%
Debt / equity1.44×1.45×1.40×1.33×1.34×1.23×1.15×1.09×1.09×1.01×
Current ratio0.660.660.650.790.700.760.570.570.550.60

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.