The AES Corporation (AES) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of The AES Corporation stock $11.37, price $14.89, that is 23.6% below the price, quality 34 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
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The AES Corporation
AES · USOur calculation puts a fair price 24% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $9.16 – $25.04 · fair‑value band $9.37 – $14.21 · the $14.89 price screens above the $11.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Company profile
The AES Corporation, together with its subsidiaries, operates as a power generation and utility company. It operates through four segments: Renewables, Utilities, Energy Infrastructure, and New Energy Technologies.
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The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market, as well as investments in technologies to support leading-edge greener energy solutions.
It uses various fuels and technologies to generate electricity, such as solar, hydro, wind, coal, and gas, as well as renewables comprising energy storage and landfill gas.
The company owns and/or operates a generation portfolio of approximately 34,740 megawatts and distributes power to 2.7 million customers.
The company operates in the United States, Chile, Dominican Republic, El Salvador, Mexico, Bulgaria, Panama, Colombia, Argentina, Vietnam, Jordan, Puerto Rico, and internationally.
The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was incorporated in 1981 and is based in Arlington, Virginia.
Stock analysis
The AES Corporation (AES) currently trades at $14.89, while our model-based Fair Value estimate is $11.37, 24% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $20.28 per share, and 4 of the 12 models we run sit above the $14.89 price.
Bear case: the Asset-Based group reads lowest at $4.23, and 8 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $9.37 (bear) to $14.21 (bull), the price of $14.89 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Utilities sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
The AES Corporation reported revenue of $12.2B in FY2025 versus $11.1B in FY2021, a compound +2.4%/yr. Reported net income was $949M in FY2025.
Key figures
Market cap $10.6B Large · P/E ratio 5.6 · P/S ratio 0.81 · EPS (TTM) $2.67 · Dividend yield 4.7% · Net margin 14.3% · Return on equity 9.6% · Return on assets (EBIT) 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −46% fair-value upside, at −24%, AES screens cheaper than that median.
Fair Value models
All 13 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, no officer or director bought or sold shares on the open market.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
AES screens overvalued: fair value 24% below the price. Compare with Iberdrola, S.A →
Compare The AES Corporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Utilities - Diversified · 49 stocks
Valuation Multiplesvs Utilities - Diversified median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Utilities sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Debt-to-equity by industry
- Price/FCF by industry
- Stock screener with 62 metrics
- Undervalued stocks: Utilities
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- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Diversified stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Engie SA ENGI | €24.01 | €20.64 | −14% | vs AES |
| RWE Aktiengesellschaft generates and RWE | €57.06 | €43.47 | −24% | vs AES |
| Enel SpA ENEL | €9.77 | €5.94 | −39% | vs AES |
| Sempra SRE | $79.83 | $43.34 | −46% | vs AES |
| EDP, S.A EDP | €4.98 | €2.67 | −46% | vs AES |
| Brookfield Infrastructure Partners L.P. BIP | $37.81 | $17.58 | −54% | vs AES |
| E.ON SE EOAN | €19.32 | €8.96 | −54% | vs AES |
| Iberdrola, S.A IBE | €22.77 | €10.28 | −55% | vs AES |
| EnBW Energie Baden-Württemberg AG EBK | €65.20 | €21.11 | −68% | vs AES |
| ACWA Power Company 2082 | 153.80 SAR | 27.47 SAR | −82% | vs AES |
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Key figures of The AES Corporation
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