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AMERICAN ELECTRIC POWER CO INC AEP

Nasdaq · stock · Electric Services · website · IPO 1949-09-01

AMERICAN ELECTRIC POWER CO INC statistics & valuation

Market cap$75.5B
P / S3.4×
P / B2.3×
Dividend yield2.66%
Net debt$47.1B
Net debt / EBITDA5.5×
Enterprise value USD$122.6B
EV / EBITDA14.2×
Earnings yield EBIT/EV4.3%
Return on capital5.3%
Graham number -24.2%$94.48

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 ($94.48); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
7.10% 22.90% 16.60% 16.70% 20.00% 20.30% 17.70% 18.30% 21.60% 24.30% 2016201720182019202020212022202320242025
Return on equity (%)
2016201720182019202020212022202320242025
Shares outstanding
491.7M 492.6M 493.8M 495.3M 497.2M 504.2M 513.9M 526.2M 532.9M 540.9M 2016201720182019202020212022202320242025
Net debt ($)
$20.05B $20.96B $23.11B $26.48B $30.68B $33.05B $36.29B $39.81B $42.44B $47.12B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2016201720182019202020212022202320242025
Free cash flow margin (%)
26.90% 27.70% 32.30% 21.50% 25.70% 2016201720182019202020212022202320242025
Debt / equity (×)
1.16× 1.16× 1.22× 1.34× 1.50× 1.48× 1.53× 1.59× 1.58× 1.47× 2016201720182019202020212022202320242025
EPS ($)
$1.24 $3.88 $3.90 $3.88 $4.42 $4.96 $4.49 $4.24 $5.58 $6.66 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

AMERICAN ELECTRIC POWER CO INC trades at about 18.7× earnings — near its 10-year norm (10-year range 17.6×–51.7×, median 18.4×).

17.6× 51.7×

Shaded band = 10-year range (17.6×–51.7×); dot = today's 18.7×.

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 margin24.3%21.6%18.3%17.7%20.3%20.0%16.7%16.6%22.9%7.1%
FCF margin—————25.7%21.5%32.3%27.7%26.9%
Debt / equity1.47×1.58×1.59×1.53×1.48×1.50×1.34×1.22×1.16×1.16×
Current ratio0.450.440.530.510.630.440.400.480.510.64

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