AES Corporation (AES) valuation
AES P/E ratio history
AES trades at 5.7 times its earnings over the last twelve months and 6.4 times the earnings analysts expect over the next twelve. At its last 6 fiscal year ends its P/E ranged from 5.5 (year to Dec 2024) to 335.7 (year to Dec 2020), with a median of 27.8.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $14.34 | $1.26 | 11.4 | 6.3 |
| Dec 31, 2024 | $12.87 | $2.36 | 5.5 | 6.3 |
| Dec 31, 2023 | $19.25 | $0.35 | 55.0 | 10.4 |
| Dec 31, 2022 | $28.76 | -$0.87 | n/m | 16.8 |
| Dec 31, 2021 | $24.30 | -$0.65 | n/m | 15.0 |
| Dec 31, 2020 | $23.50 | $0.07 | 335.7 | — |
| Dec 31, 2019 | $19.90 | $0.45 | 44.2 | — |
| Dec 31, 2018 | $14.46 | $1.81 | 8.0 | — |
| Dec 31, 2017 | $10.83 | -$1.76 | n/m | — |
| Dec 31, 2016 | $11.62 | -$1.72 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
AES valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| AESAES | $10.6B | 5.7 | 6.4 | 0.8 |
| NRG EnergyNRG | $20.3B | 25.0 | 9.9 | 0.6 |
| Peer median | 25.0 | 9.9 | 0.6 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: AES financials · AES returns
No forecast, no recommendation. This page describes AES Corporation from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.