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Advanced Energy Industries, Inc (AEIS) Fair Value & Analysis

Industrials · US · Market cap $12.2B

AE Advanced Energy Industries, Inc logo Advanced Energy Industries, Inc AEIS · US
Price$323.91
Fair Value$74.18
Upside-77.1%
Quality62/100
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Healthy Growth
Solidly profitable · 10.0% net margin
Low debt · generates free cash flow
0.13% dividend yield
Mixed vs. peers (6/15)
Moderate moat 54/100
Evidence: High Range $48.75 – $92.73 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 23 days ago

Share price +12.6% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($92.73). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($48.75 to $92.73) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$388.93 $68.41 Fair Value $74.18 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range $68.41 – $388.93 · fair‑value band $48.75 – $92.73 · the $323.91 price screens above the $74.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Advanced Energy Industries, Inc (AEIS) currently trades at $323.91, while our model-based Fair Value estimate is $74.18, implying the stock looks roughly 77.1% overvalued today. We read business quality at 62/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Advanced Energy Industries, Inc generated revenue of $1.9B at a net margin of 10.0%. Revenue grew 26.3% year over year. It earns a return on equity of 14.7%. The balance sheet holds a net cash position of $112M. Fundamentals as of Jul 15, 2026

Our scenario range runs from $48.75 (bear case) to $92.73 (bull case); at $323.91, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 18% below its 52-week high and 166% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -77%, AEIS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $45.65 $75.07 $124.58 80
Residual Income $30.56 $35.01 $69.01 76
Rev-Margin DCF $48.28 $80.77 $122.40 74
All 26 models by family
DCF Models
FCF DCF $45.88 $77.70 $132.59 38
Owner Earnings $38.53 $64.54 $109.40 31
5Y Revenue Exit $48.28 $81.72 $127.19 39
5Y EBITDA Exit $57.68 $100.97 $155.33 41
5Y P/E Exit $53.31 $92.02 $136.15 38
10Y Revenue Exit $45.62 $77.08 $125.32 36
10Y EBITDA Exit $53.34 $91.14 $148.73 37
10Y P/E Exit $50.45 $84.60 $132.78 35
Earnings-Based
Graham-Dodd $25.22 $114.31 $156.77 54
Lynch FV $29.88 $42.69 $55.50 50
PEG = 1.0 $29.88 $42.69 $55.50 46
EPV $47.48 $54.45 $60.55 59
Dividend Discount
Gordon GGM $3.58 $7.44 $11.81 70
DDM Multi-Stage $3.58 $6.28 $7.81 61
Multiples
P/E Multiple $55.64 $74.18 $92.73 63
P/S Multiple $47.29 $63.05 $78.82 58
P/B Multiple $47.29 $63.05 $78.82 55
EV/EBIT $71.52 $93.48 $115.43 53
EV/EBITDA $68.31 $89.20 $110.08 54
EV/Revenue $50.06 $69.08 $88.11 43
Asset-Based
NCAV (Graham) $17.03 $22.82 $34.06 50
Growth DCF
Growth DCF $45.65 $75.07 $124.58 80
Rev-Margin DCF $48.28 $80.77 $122.40 74
Economic Profit
Residual Income $30.56 $35.01 $69.01 76
ROIC Compounder $52.37 $69.25 $92.09 72
Growth Earnings
Growth-Adj P/E $47.07 $67.24 $87.41 68

Widest divergence: DCF Models ($81.72) versus Dividend Discount ($6.28). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.9B
Revenue growth (YoY) +26.3%
Net margin 10.0%
Return on equity 14.7%
Free cash flow $126M FY2025
P/E ratio 66.7
More key figures
Operating margin 14.3%
EPS (TTM) $4.81
Dividend yield 0.1%
EPS growth (YoY) +145%
Net cash $112M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 64 · Market factors (momentum, volatility) 58

Profitability 46
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States, Asia, Europe, and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.

Full company description

Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States, Asia, Europe, and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, it provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair and maintenance services. The company offers its products through direct sales force, direct and indirect sales channels, and distributors, as well as provides warranty and non-warranty repair services. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Advanced Energy Industries, Inc reported revenue of $1.8B in FY2025 versus $1.5B in FY2021, a compound +5.4%/yr. Reported net income was $148M in FY2025, compounding +2.4%/yr from FY2021.

Growth Quality 69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.8B
Latest YoY
+21.4%
Avg. growth/yr (3Y)
−0.8%
Avg. growth/yr (5Y)
+4.9%
Avg. growth/yr (30Y)
+10.3%
Revenue +5.4%/yr
FY21 $1.5B
FY22 $1.8B
FY23 $1.7B
FY24 $1.5B
FY25 $1.8B
Net income +2.4%/yr
FY21 $135M
FY22 $200M
FY23 $128M
FY24 $54.2M
FY25 $148M

AEIS screens 77% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Advanced Energy Industries, Inc Fair Value". https://www.fairvalue-calculator.com/stock/AEIS

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Electrical Equipment & Parts · 519 stocks

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.

Quality Score 62 · Top 25%
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 14% · Top 25%
Revenue growth 26% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 63.5× · Pricier than 75% of peers
P/B 8.96× · Pricier than 75% of peers
P/S (TTM) 6.41× · Pricier than 75% of peers
P/FCF 97.0× · Pricier than 75% of peers
EV/EBITDA 40.6× · Pricier than 75% of peers
PEG 2.77× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 100 · sector 57
PAST 59 · sector 27
HEALTH 79 · sector 97
DIVIDEND 3 · sector 18

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 12.39 SGD 1.48 SGD -88%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Advanced Energy Industries, Inc (AEIS) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of $74.18 versus a price of $323.91, about −77% (overvalued).
What is the fair value of AEIS?
Our model-based fair value for Advanced Energy Industries, Inc is $74.18 (as of Jul 15, 2026), built from audited fundamentals. The current price is $323.91.
What is the quality score of AEIS?
Advanced Energy Industries, Inc has a Quality Score of 62/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Advanced Energy Industries, Inc (AEIS)?
Advanced Energy Industries, Inc reported trailing-twelve-month revenue of about $1.9B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of AEIS?
The net profit margin of Advanced Energy Industries, Inc is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does Advanced Energy Industries, Inc pay a dividend?
Advanced Energy Industries, Inc currently shows a dividend yield of about 0.12% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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