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.

14.95 0.02 −0.13%
Market cap
$10.7B
P/E
5.7×
Fwd P/E
7.3×
Dividend yield
4.71%
F-score
4/9
Altman Z
0.36
Beneish M
−2.80
Dividend safety
16/100

The AES Corporation (AES) P/B ratio

Alert me on 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

Against its own ten years

Low 0.9× High 5.1×
Ten-year median 1.7×
Current reading's percentile 8

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))

The full definition of P/B ratio →

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