Question 1

What is American Electric Power Company's P/E ratio?

Accepted Answer

American Electric Power Company (AEP) P/E ratio is 19.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for American Electric Power Company?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For American Electric Power Company specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is American Electric Power Company's P/E ratio high or low?

Accepted Answer

American Electric Power Company's P/E ratio of 19.9× is above its own 5-year average of 18.6× and below the sector median of 21.4×. That places the current reading at the 73th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is American Electric Power Company's historical P/E ratio range?

Accepted Answer

In the available daily series, American Electric Power Company (AEP) P/E ratio has ranged from a low of 8.8× in 2009 to a high of 84.4× in 2004. The 5-year average is 18.6× and the 5-year median is 18.1×.

Question 7

What was American Electric Power Company's P/E ratio in 2025?

Accepted Answer

American Electric Power Company (AEP) P/E ratio at the end of 2025 was 16.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does American Electric Power Company's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$59.8B	$3.58B	16.7×	+0.2×	Dec 31, 2025
2024	$48.9B	$2.97B	16.5×	-2.7×	Dec 31, 2024
2023	$42.5B	$2.21B	19.2×	-1.9×	Dec 31, 2023
2022	$48.7B	$2.31B	21.1×	+3.1×	Dec 31, 2022
2021	$44.8B	$2.49B	18.0×	-0.8×	Dec 31, 2021
2020	$41.3B	$2.2B	18.8×	-5.5×	Dec 31, 2020
2019	$46.7B	$1.92B	24.3×	+5.2×	Dec 31, 2019
2018	$36.8B	$1.92B	19.1×	+0.2×	Dec 31, 2018
2017	$36.2B	$1.91B	18.9×	-31.7×	Dec 31, 2017
2016	$31B	$611M	50.7×	+36.7×	Dec 31, 2016
2015	$28.6B	$2.05B	14.0×	-4.2×	Dec 31, 2015
2014	$29.7B	$1.63B	18.2×	+2.8×	Dec 31, 2014
2013	$22.8B	$1.48B	15.4×	-1.0×	Dec 31, 2013
2012	$20.7B	$1.26B	16.4×	+6.2×	Dec 31, 2012
2011	$20B	$1.95B	10.3×	-4.0×	Dec 31, 2011
2010	$17.3B	$1.21B	14.2×	+2.3×	Dec 31, 2010
2009	$16.3B	$1.36B	12.0×	+2.2×	Dec 31, 2009
2008	$13.5B	$1.38B	9.7×	-7.4×	Dec 31, 2008
2007	$18.6B	$1.09B	17.1×	+0.3×	Dec 31, 2007
2006	$16.9B	$1B	16.8×	-1.0×	Dec 31, 2006
2005	$14.5B	$814M	17.9×	+5.4×	Dec 31, 2005
2004	$13.5B	$1.09B	12.4×	—	Dec 31, 2004
2003	$11.8B	-$132M	—	—	Dec 31, 2003
2002	$9.4B	-$169M	—	—	Dec 31, 2002


MDU Resources Group (MDU)	22.5×
American States Water (AWR)	22.1×
Middlesex Water (MSEX)	21.8×
Evergy (EVRG)	21.4×
H2O America (HTO)	21.2×
CMS Energy (CMS)	21.1×
Essential Utilities (WTRG)	20.5×
Ameren (AEE)	19.9×
Duke Energy (DUK)	19.8×
MGE Energy (MGEE)	19.8×
Consolidated Edison (ED)	19.1×
Pinnacle West Capital (PNW)	18.7×
Dominion Energy (D)	18.3×
Black Hills (BKH)	18.2×
Exelon (EXC)	18.1×
Public Service Enterprise Group (PEG)	17.8×
Northwest Natural Holding (NWN)	17.7×
New Jersey Resources (NJR)	16.2×
Avista (AVA)	16.0×
Eversource Energy (ES)	14.9×
Artesian Resources (ARTNA)	14.1×
PG&E (PCG)	13.1×
UGI (UGI)	12.2×
Edison International (EIX)	7.6×
AES (AES)	7.5×

P/E Ratio for American Electric Power Company (AEP) 2004-2026

P/E Ratio daily chart for American Electric Power Company (AEP)

Historical P/E Ratio for American Electric Power Company (AEP) from 2002 to 2025

About P/E Ratio at American Electric Power Company (AEP)

American Electric Power Company P/E Ratio by Year

American Electric Power Company P/E Ratio 2025: 16.7×

American Electric Power Company P/E Ratio 2024: 16.5×

American Electric Power Company P/E Ratio 2023: 19.2×

American Electric Power Company P/E Ratio 2022: 21.1×

American Electric Power Company P/E Ratio 2021: 18.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

American Electric Power Company (AEP) Key Financials