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ADVANCED ENERGY INDUSTRIES INC AEIS

Nasdaq · stock · Electronic Components, NEC · website · IPO 1995-11-17 · LEI

ADVANCED ENERGY INDUSTRIES INC statistics & valuation

Market cap$13.2B
P / S7.4×
P / B9.7×
P / FCF104.0×
Dividend yield0.12%
FCF margin7.1%
Net cash$223.7M
Net debt / EBITDA-1×
Enterprise value USD$13.0B
EV / EBITDA56.6×
Earnings yield EBIT/EV1.3%
Return on capital10.8%
Graham number -83.6%$55.23

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 ($55.23); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
52.30% 53.10% 50.90% 40.00% 38.30% 36.60% 36.60% 35.80% 35.70% 37.70% 2016201720182019202020212022202320242025
Operating margin (%)
26.20% 29.90% 23.90% 6.90% 12.40% 10.40% 12.60% 6.90% 2.50% 9.30% 2016201720182019202020212022202320242025
Return on equity (%)
32.50% 26.50% 24.20% 9.60% 16.50% 15.50% 18.70% 11.20% 4.50% 2016201720182019202020212022202320242025
Shares outstanding
40.0M 40.2M 39.4M 38.5M 38.5M 38.4M 37.7M 37.8M 37.8M 38.6M 2016201720182019202020212022202320242025
Net debt ($)
-$7.4M -$158.3M -$151.6M -$85.6M -$128.9M -$157.4M -$223.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
22.30% 18.80% 18.00% 4.20% 8.20% 7.40% 10.00% 5.00% 2.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
24.90% 27.00% 18.20% 2.90% 11.70% 7.70% 6.80% 9.20% 5.10% 7.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.50× 0.39× 0.45× 0.35× 0.80× 0.47× 0.42× 2016201720182019202020212022202320242025
EPS ($)
$3.18 $3.43 $3.74 $1.69 $3.50 $3.51 $5.29 $3.40 $1.43 $3.84 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

ADVANCED ENERGY INDUSTRIES INC trades at about 87.8× earnings — above its 10-year norm (10-year range 13.7×–80.5×, median 29.3×).

13.7× 87.8×

Shaded band = 10-year range (13.7×–80.5×); dot = today's 87.8×.

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
Gross margin37.7%35.7%35.8%36.6%36.6%38.3%40.0%50.9%53.1%52.3%
Operating margin9.3%2.5%6.9%12.6%10.4%12.4%6.9%23.9%29.9%26.2%
Net margin—3.7%7.7%10.8%9.3%9.5%8.2%20.5%20.5%26.3%
FCF margin7.1%5.1%9.2%6.8%7.7%11.7%2.9%18.2%27.0%24.9%
Return on assets—2.4%5.0%10.0%7.4%8.2%4.2%18.0%18.8%22.3%
Return on equity—4.5%11.2%18.7%15.5%16.5%9.6%24.2%26.5%32.5%
Debt / equity0.42×0.47×0.80×0.35×0.45×0.39×0.50×———
Current ratio1.594.425.103.023.143.312.715.155.614.61

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