US · USD

AEP

American Electric Power Co Inc

US$119.75+0.94% (US$1.11)
Day's range
US$117.34 – US$119.93
Day's volume
US$495.6m
52-week range
US$110.05 – US$137.64

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AEP in numbers

Market cap
US$65.2bn
P/B
2.05
Dividend yield (12m)
3.17%

The 12-month dividend yield of AEP is 3.17%, below its 5-year average of 3.59%.

AEP price history

02/10/202501/10/2026
Compare with

AEP risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+8.73%+75.75%+74.94%
Volatility (annualised)22.76%18.98%19.62%
Largest drawdown-12.62%-12.62%-22.82%
Positive months6/1222/3636/60

How much did investing in AEP return?

US$1,000.00 invested on 01/09/2021 would be worth US$1,749.41 today.

Value today in AEP
US$1,749.41
Return over the period
+74.94%
Return per year
+11.84%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AEP fundamentals

Valuation

  • P/E
    —
  • P/B
    2.05
  • EV/EBITDA
    —
  • EV/EBIT
    21.58
  • EV/Revenue
    5.24
  • P/EBIT
    12.08
  • P/S
    2.93
  • P/OCF
    9.29
  • P/FCF
    —
  • Earnings yield
    4.63%
  • PEG ratio
    —
  • Earnings per share
    —
  • Book value per share
    US$58.46

Debt

  • Net debt
    US$51.2bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    1.61
  • Debt/Equity
    1.63
  • Current ratio
    0.53
  • Quick ratio
    —
  • Cash ratio
    0.04

Efficiency

  • Gross margin
    —
  • EBITDA margin
    —
  • Operating margin
    24.29%
  • Net margin
    —
  • Asset turnover
    0.19

Profitability

  • ROE
    —
  • ROA
    —
  • ROIC
    6.42%
  • Payout
    —

Growth

  • Revenue CAGR (5 years)
    7.52%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is AEP's fair price?

Two classic value formulas, with today's numbers. The current price is US$119.75.

Graham's fair price
—
AEP's earnings per share and book value per share are not available, so the formula cannot be calculated.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$56.17
53.10% below the price

US$3.37 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

AEP indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/B2.001.821.692.042.002.012.381.94
EV/EBITDA12.8912.8213.4414.01————
Dividend yield3.24%3.87%4.15%3.34%3.37%3.41%2.87%3.39%
Book value per shareUS$57.57US$50.56US$47.98US$46.50US$44.49US$41.38US$39.73US$38.58
ROIC6.41%5.87%4.98%5.19%5.40%5.30%5.10%5.62%
EBITDA margin39.83%37.32%33.32%33.81%————
Net debt/EBITDA5.676.226.846.57————

AEP financial statements

Line202520242023202220212020
Net revenueUS$21.7bnUS$20bnUS$19.5bnUS$19.4bnUS$16.8bnUS$14.9bn
Cost of sales——————
Gross profit——————
EBITDAUS$8.6bnUS$7.5bnUS$6.5bnUS$6.6bn——
EBITUS$5.3bnUS$4.3bnUS$3.6bnUS$3.5bnUS$3.4bnUS$3bn
Net finance result——————
Profit before taxUS$3.8bnUS$2.9bnUS$2.3bnUS$2.3bnUS$2.6bnUS$2.2bn
Income tax-US$129mUS$39m-US$55m-US$5.4m-US$115.5m-US$40.5m
Net income——————

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AEP pay dividends?

Dividend yield per year

  • 3.25%2017
  • 3.39%2018
  • 2.87%2019
  • 3.41%2020
  • 3.37%2021
  • 3.34%2022
  • 4.15%2023
  • 3.87%2024
  • 3.24%2025
  • 2.38%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend07/08/202610/09/2026US$0.95
Dividend07/05/202610/06/2026US$0.95
Dividend09/02/202610/03/2026US$0.95
Dividend07/11/202510/12/2025US$0.95
Dividend07/08/202510/09/2025US$0.93
Dividend08/05/202510/06/2025US$0.93
Dividend07/02/202510/03/2025US$0.93
Dividend07/11/202410/12/2024US$0.93
Dividend08/08/202410/09/2024US$0.88
Dividend08/05/202410/06/2024US$0.88
Dividend07/02/202408/03/2024US$0.88
Dividend08/11/202308/12/2023US$0.88
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/08/202308/09/2023US$0.83
Dividend08/05/202309/06/2023US$0.83
Dividend08/02/202310/03/2023US$0.83
Dividend08/11/202209/12/2022US$0.83
Dividend08/08/202209/09/2022US$0.78
Dividend06/05/202210/06/2022US$0.78
Dividend08/02/202210/03/2022US$0.78
Dividend08/11/202110/12/2021US$0.78
Dividend06/08/202110/09/2021US$0.74
Dividend06/05/202110/06/2021US$0.74
Dividend08/02/202110/03/2021US$0.74
Dividend06/11/202010/12/2020US$0.74
Dividend06/08/202010/09/2020US$0.70
Dividend06/05/202010/06/2020US$0.70
Dividend06/02/202010/03/2020US$0.70
Dividend06/11/201910/12/2019US$0.70
Dividend07/08/201910/09/2019US$0.67
Dividend08/05/201910/06/2019US$0.67
Dividend06/02/201908/03/2019US$0.67
Dividend07/11/201810/12/2018US$0.67
Dividend08/08/201810/09/2018US$0.62
Dividend08/05/201808/06/2018US$0.62
Dividend07/02/201809/03/2018US$0.62
Dividend08/11/201708/12/2017US$0.62
Dividend07/08/201708/09/2017US$0.59
Dividend05/05/201709/06/2017US$0.59
Dividend07/02/201710/03/2017US$0.59
Dividend07/11/201609/12/2016US$0.59

About American Electric Power

Sector
Transportation and utilities

Questions about AEP

How much is AEP today?

AEP is at US$119.75 (0.94% on the day), last traded on 01/10/2026.

How much did AEP pay in dividends in 2025?

AEP paid US$3.74 per share in 2025, a dividend yield of 3.24%.

How much did AEP return in 12 months?

AEP returned 8.73% in 12 months, with annualised volatility of 22.76% and a largest drawdown of -12.62%.