Using the industry peer median P/E multiple (trailing + forward), The AES Corporation (AES) has a fair value of $36.25 based on 10 comparable companies in the Diversified Utilities industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| The AES CorporationAES | 9,982 | 11.1x | 7.3x |
| GE Vernova Inc.GEV | 239,964 | 50.0x | 60.4x |
| NextEra Energy, Inc.NEE | 189,392 | 27.6x | 22.6x |
| The Southern CompanySO | 106,555 | 24.3x | 20.9x |
| Duke Energy CorporationDUK | 100,638 | 20.5x | 19.3x |
| Constellation Energy CorporationCEG | 91,642 | 39.7x | 25.1x |
| American Electric Power Company, Inc.AEP | 69,685 | 19.3x | 20.3x |
| SempraSRE | 62,425 | 34.7x | 18.7x |
| Dominion Energy, Inc.D | 53,597 | 17.7x | 17.0x |
| Vistra Corp.VST | 50,931 | 68.1x | 17.5x |
| Exelon CorporationEXC | 49,400 | 17.6x | 16.9x |
| Industry Median | 26.0x | 19.8x | |
| (*) Profit after tax | 949 | 1,361 | |
| Equity Value | 24,632 | 26,983 | |
| (/) Outstanding shares | 712 | 712 | |
| Fair Price | $35 | $38 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.