Current
10.6×
5-Year Average
17.8×
All-Time High
3273.9×
All-Time Low
2.2×
EV/EBITDA daily chart for AES (AES)
Jun 8, 2021 – Jun 5, 2026 · 1,255 trading days
Historical EV/EBITDA for AES (AES) from 2001 to 2025
| 2025 | $10.24B | $3.37B | 11.4× | +1.5× | |
| 2024 | $9.12B | $3.70B | 9.9× | -5.1× | |
| 2023 | $12.89B | $2.54B | 14.9× | -5.8× | |
| 2022 | $19.24B | $1.96B | 20.7× | -20.4× | |
| 2021 | $16.17B | $818.00M | 41.2× | +27.4× | |
| 2020 | $15.57B | $2.46B | 13.8× | +3.4× | |
| 2019 | $13.21B | $3.07B | 10.4× | +3.6× | |
| 2018 | $9.74B | $4.03B | 6.8× | +0.9× | |
| 2017 | $0.00 | $3.10B | 6.0× | -2.7× | |
| 2016 | $7.66B | $2.87B | 8.7× | +1.1× | |
| 2015 | $6.26B | $3.23B | 7.6× | +1.0× | |
| 2014 | $9.78B | $4.29B | 6.6× | +1.8× | |
| 2013 | $0.00 | $3.89B | 4.8× | -0.8× | |
| 2012 | $0.00 | $3.24B | 5.6× | +1.8× | |
| 2011 | $0.00 | $5.06B | 3.7× | -0.2× | |
| 2010 | $0.00 | $3.72B | 3.9× | +0.5× | |
| 2009 | $0.00 | $4.79B | 3.4× | +1.1× | |
| 2008 | $0.00 | $6.92B | 2.2× | -1.8× | |
| 2007 | $0.00 | $3.62B | 4.0× | -0.9× | |
| 2006 | $0.00 | $2.84B | 4.9× | -0.2× | |
| 2005 | $0.00 | $2.96B | 5.1× | -0.5× | |
| 2004 | $0.00 | $3.03B | 5.7× | -2.5× | |
| 2003 | $0.00 | $2.20B | 8.1× | — | |
| 2002 | $0.00 | −$529.00M | — | — | |
| 2001 | $0.00 | $2.03B | 10.0× | — |
- 202511.4×
- 20249.9×
- 202314.9×
- 202220.7×
- 202141.2×
- 202013.8×
- 201910.4×
- 20186.8×
- 20176.0×
- 20168.7×
- 20157.6×
- 20146.6×
- 20134.8×
- 20125.6×
- 20113.7×
- 20103.9×
- 20093.4×
- 20082.2×
- 20074.0×
- 20064.9×
- 20055.1×
- 20045.7×
- 20038.1×
- 2002—
- 200110.0×
About EV/EBITDA at AES (AES)
AES (AES) EV/EBITDA ratio is 10.6× as of June 5, 2026. The 5-year average is 17.8×. The sector median currently stands at 12.7×. The current ratio is at the 10th percentile of its own 10-year history.
AES (AES) historical EV/EBITDA ratio has ranged from a low of 2.2× (2008) to a high of 3273.9× (2003) in the available daily series.
The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.
AES EV/EBITDA by Year
AES EV/EBITDA 2025: 11.4×
AES (AES) EV/EBITDA ratio in 2025 was 11.4×, expanded from 9.9× the prior year.
AES EV/EBITDA 2024: 9.9×
AES (AES) EV/EBITDA ratio in 2024 was 9.9×, contracted from 14.9× the prior year.
AES EV/EBITDA 2023: 14.9×
AES (AES) EV/EBITDA ratio in 2023 was 14.9×, contracted from 20.7× the prior year.
AES EV/EBITDA 2022: 20.7×
AES (AES) EV/EBITDA ratio in 2022 was 20.7×, contracted from 41.2× the prior year.
AES EV/EBITDA 2021: 41.2×
AES (AES) EV/EBITDA ratio in 2021 was 41.2×.
EV is calculated as Market Cap + Total Debt − Cash & Short-Term Investments (simplified). Minority interest and preferred equity are excluded due to data availability. This is consistent with the methodology used by most public financial data providers.
Sector peers by EV/EBITDA — chart
Current ratio vs. sector peers. Highlighted bar is this company.
Sector peers by EV/EBITDA — table
Utilities peers of AES (AES), ranked by EV/EBITDA ratio.
| 13.0× | |
| 12.9× | |
| 12.8× | |
| 12.7× | |
| 12.7× | |
| 12.7× | |
| 12.7× | |
| 12.6× | |
| 12.5× | |
| 12.3× | |
| 12.0× | |
| 11.9× | |
| 11.9× | |
| 11.8× | |
| 11.7× | |
| 11.3× | |
| 10.3× | |
| 9.9× | |
| 9.9× | |
| 9.8× | |
| 9.6× | |
| 9.5× | |
| 9.3× | |
| 8.9× | |
| 8.1× |
- 13.0×
- 12.9×
- 12.8×
- 12.7×
- 12.7×
- 12.7×
- 12.6×
- 12.0×
- 11.9×
- 11.9×
- 11.3×
- 9.9×
- 9.5×
- 9.3×
- 8.1×
Frequently asked questions
AES (AES) Key Financials
Charts, filings, and peer comparison for every metric