US · USD

AEP

American Electric Power Co Inc

$119.75+0.94% ($1.11)Updated 10/1/26, 5:00 PM

Day's range: $117.34 – $119.93
Day's volume: $495.6M
52-week range: $110.05 – $137.64

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AEP in numbers

Market cap: $65.2B

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

10/02/202510/01/2026

Compare with

AEP risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+8.73%	+75.75%	+74.94%
Volatility (annualized)	22.76%	18.98%	19.62%
Largest drawdown	-12.62%	-12.62%	-22.82%
Positive months	6/12	22/36	36/60

How much did investing in AEP return?

Amount invested

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

Value today in AEP: $1,749.41

Return over the period: +74.94%

Return per year: +11.84%

In the S&P 500: $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
$58.46

Debt

Net debt
$51.2B
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 $119.75.

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

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: $56.17; 53.10% below the price

$3.37 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

AEP's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/B	2.00	1.82	1.69	2.04	2.00	2.01	2.38	1.94
EV/EBITDA	12.89	12.82	13.44	14.01	—	—	—	—
Dividend yield	3.24%	3.87%	4.15%	3.34%	3.37%	3.41%	2.87%	3.39%
Book value per share	$57.57	$50.56	$47.98	$46.50	$44.49	$41.38	$39.73	$38.58
ROIC	6.41%	5.87%	4.98%	5.19%	5.40%	5.30%	5.10%	5.62%
EBITDA margin	39.83%	37.32%	33.32%	33.81%	—	—	—	—
Net debt/EBITDA	5.67	6.22	6.84	6.57	—	—	—	—

AEP's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$21.7B	$20B	$19.5B	$19.4B	$16.8B	$14.9B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	$8.6B	$7.5B	$6.5B	$6.6B	—	—
EBIT	$5.3B	$4.3B	$3.6B	$3.5B	$3.4B	$3B
Financial result	—	—	—	—	—	—
Income before tax	$3.8B	$2.9B	$2.3B	$2.3B	$2.6B	$2.2B
Income tax	-$129M	$39M	-$55M	-$5.4M	-$115.5M	-$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
Type	Last day to own	Payment	Per share
Dividend	08/07/2026	09/10/2026	$0.95
Dividend	05/07/2026	06/10/2026	$0.95
Dividend	02/09/2026	03/10/2026	$0.95
Dividend	11/07/2025	12/10/2025	$0.95
Dividend	08/07/2025	09/10/2025	$0.93
Dividend	05/08/2025	06/10/2025	$0.93
Dividend	02/07/2025	03/10/2025	$0.93
Dividend	11/07/2024	12/10/2024	$0.93
Dividend	08/08/2024	09/10/2024	$0.88
Dividend	05/08/2024	06/10/2024	$0.88
Dividend	02/07/2024	03/08/2024	$0.88
Dividend	11/08/2023	12/08/2023	$0.88

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/08/2023	09/08/2023	$0.83
Dividend	05/08/2023	06/09/2023	$0.83
Dividend	02/08/2023	03/10/2023	$0.83
Dividend	11/08/2022	12/09/2022	$0.83
Dividend	08/08/2022	09/09/2022	$0.78
Dividend	05/06/2022	06/10/2022	$0.78
Dividend	02/08/2022	03/10/2022	$0.78
Dividend	11/08/2021	12/10/2021	$0.78
Dividend	08/06/2021	09/10/2021	$0.74
Dividend	05/06/2021	06/10/2021	$0.74
Dividend	02/08/2021	03/10/2021	$0.74
Dividend	11/06/2020	12/10/2020	$0.74
Dividend	08/06/2020	09/10/2020	$0.70
Dividend	05/06/2020	06/10/2020	$0.70
Dividend	02/06/2020	03/10/2020	$0.70
Dividend	11/06/2019	12/10/2019	$0.70
Dividend	08/07/2019	09/10/2019	$0.67
Dividend	05/08/2019	06/10/2019	$0.67
Dividend	02/06/2019	03/08/2019	$0.67
Dividend	11/07/2018	12/10/2018	$0.67
Dividend	08/08/2018	09/10/2018	$0.62
Dividend	05/08/2018	06/08/2018	$0.62
Dividend	02/07/2018	03/09/2018	$0.62
Dividend	11/08/2017	12/08/2017	$0.62
Dividend	08/07/2017	09/08/2017	$0.59
Dividend	05/05/2017	06/09/2017	$0.59
Dividend	02/07/2017	03/10/2017	$0.59
Dividend	11/07/2016	12/09/2016	$0.59

About American Electric Power

Sector: Transportation and utilities

Questions about AEP

How much is AEP today?

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

How much did AEP pay in dividends in 2025?

AEP paid $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 annualized volatility of 22.76% and a largest drawdown of -12.62%.