The AES Corporation
AES Utilities Utilities Diversified
The AES Corporation’s revenue for fiscal 2025 (year ended December 2025) was $12.2 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 19.9%, EPS grew 500.0%, free cash flow fell 67.7% and total debt rose 6.10%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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The AES Corporation (AES) P/B ratio
As of 16 October 2026, The AES Corporation (AES) trades at a P/B ratio of 1.1×. Over the past ten years it has ranged from 0.9× (May 2025) to 5.1× (January 2023); the current reading is higher than 9% of that period. That is in line with the Utilities Diversified industry median of 1.1× and below the Utilities sector median of 1.6×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 1.1× | (4.92%) |
| FY2024 | 1.2× | (53.08%) |
| FY2023 | 2.5× | (50.92%) |
| FY2022 | 5.1× | 18.02% |
| FY2021 | 4.3× | 31.08% |
| FY2020 | 3.3× | 31.02% |
| FY2019 | 2.5× | 47.93% |
| FY2018 | 1.7× | 15.26% |
| FY2017 | 1.5× | 9.78% |
| FY2016 | 1.4× | 26.72% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 1.1× | (0.39%) |
| Mar 2026 | 1.1× | (4.24%) |
| Dec 2025 | 1.1× | 0.63% |
| Sep 2025 | 1.1× | 14.31% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| BIP Brookfield Infrastructure Partners LP compare | 0.4× |
| AVA Avista Corporation compare | 1.1× |
| AES The AES Corporation | 1.1× |
| SRE Sempra compare | 1.4× |
| UTL Unitil Corporation compare | 1.5× |
| ELPC Companhia Paranaense de Energia - Copel Unsponsored ADR compare | — |
| Utilities Diversified industry median | 1.1× |
| Utilities sector median | 1.6× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on AES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement