TORVANTA
Utilities · S&P 500 · data as of 2026-10-05

AEP stock analysis: American Electric Power

American Electric Power (AEP) is an S&P 500 company in Electric Utilities.

The model's view of AEP · subscribers

Where AEP ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with AEP · updated 2026-10-05 · from prices and SEC filings

AEP price performance

AEP against the S&P 500, one year
+0%+10%+20%+30%S&P 500 +18%AEP +12%2025-09-292026-10-05
Year to date+6.2%S&P 500 +14.5% · behind by 8.3 pts
1 year+8.2%S&P 500 +17.0% · behind by 8.8 pts
3 years+87.0%S&P 500 +89.3% · behind by 2.3 pts
5 years+72.6%S&P 500 +91.3% · behind by 18.8 pts

Total returns with dividends reinvested.

AEP factor grades

Each grade compares AEP with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C+ValueP/E 17.7x (industry 20.2x)FCF yield 4.0% (industry -3.1%)
B-GrowthRevenue growth +11% (industry +8%)EPS growth +31% (industry +8%)
B+ProfitabilityOperating margin 24.0% (industry 23.1%)ROIC 6.6% (industry 6.2%)
B+Momentum12-month change +8%From 52-wk high -13%

AEP in plain numbers

AEP key statistics

SectorUtilities
IndustryElectric Utilities
IndexS&P 500
Market value$65.1B
Revenue growth (y/y)+11%
Free-cash-flow yield4.0%
Dividend yield3.2%
Next earnings (expected)2026-10-28
Valuation measures
Market value$65.1B
Enterprise value$114.4B
P/E (trailing)17.7x
Forward P/E (Torvanta estimate)16.7x
PEG (Torvanta estimate)2.88
Price / sales2.9x
Price / book2.0x
EV / revenue5.1x
EV / EBITDA21.2x
Financial highlights
Revenue, last 12 months$22.4B
Net income, last 12 months$3.8B
EPS, last 12 months (GAAP)$6.77
Operating margin24.0%
Net margin16.9%
Return on equity12.8%
Return on invested capital6.6%
Cash$306.0M
Total debt$49.6B
Debt / equity1.56x
Free cash flow, last 12 months$2.6B
Interest cover2.6x
Current ratio0.53x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

AEP earnings trends

Revenue vs earnings
$0$1.5B$3.0B$4.5B$6.0BJun 2024 Revenue: $4.6BSep 2024 Revenue: $5.4BDec 2024 Revenue: $4.7BMar 2025 Revenue: $5.5BJun 2025 Revenue: $5.1BSep 2025 Revenue: $6.0BDec 2025 Revenue: $5.3BMar 2026 Revenue: $6.0BJun 2024 Net income: $342.5MSep 2024 Net income: $1.0BDec 2024 Net income: $665.9MMar 2025 Net income: $802.2MJun 2025 Net income: $1.3BSep 2025 Net income: $1.0BDec 2025 Net income: $605.2MMar 2026 Net income: $903.0MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 7.5%Net margin: 17.7%Net margin: 14.2%Net margin: 14.7%Net margin: 25.3%Net margin: 16.6%Net margin: 11.4%Net margin: 15.0%0%13%25%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.6$1.2$1.7$2.3Jun 2024 EPS (GAAP, diluted): $0.6Sep 2024 EPS (GAAP, diluted): $1.8Dec 2024 EPS (GAAP, diluted): $1.2Mar 2025 EPS (GAAP, diluted): $1.5Jun 2025 EPS (GAAP, diluted): $2.3Sep 2025 EPS (GAAP, diluted): $1.8Dec 2025 EPS (GAAP, diluted): $1.1Mar 2026 EPS (GAAP, diluted): $1.6Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 +258% · Sep 2025 +1% · Dec 2025 -14% · Mar 2026 +7%

From the company's 10-Q and 10-K filings with the SEC.

American Electric Power financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$16.8B$19.6B$19.0B$19.7B$21.9B
Net income$2.5B$2.3B$2.7B$3.0B$3.7B
EPS (GAAP)$4.95$4.50$4.23$5.58$6.67
Free cash flown/an/an/an/a$3.5B

AEP earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-05-05$1.60+7%+10%-3.8%
2026-02-12$1.07-14%+13%+7.8%
2025-10-29$1.81+1%+11%+6.9%
2025-07-30$2.29+258%+11%+4.1%
2025-05-06$1.50-21%+9%+0.5%
2025-02-13$1.24+100%+3%-1.6%

About American Electric Power

HeadquartersColumbus, OH
Industry (SEC code)Electric Services
Fiscal year endsDecember 31
Incorporated inNY
Listed onNasdaq
FormerlyAMERICAN ELECTRIC POWER COMPANY INC

From the company's SEC registration record.

Companies similar to AEP

CompanyMarket valueP/ERevenue growthOperating margin12-month change
AEP American Electric Power$65.1B17.7x+11%24.0%+8%
VST Vistra$48.6B24.5x+4%18.5%-28%compare
DUK Duke Energy$88.7B17.4x+6%27.7%-5%compare
ETR Entergy$46.2B25.7x+11%23.1%+9%compare
SO Southern Co$94.5B21.4x+8%24.2%-8%
CEG Constellation Energy$94.8B26.1x+26%14.7%-25%
EXC Exelon$41.8Bn/a+5%21.0%-7%

All Utilities stock ratings

Frequently asked questions

Is AEP stock a buy?

Torvanta does not tell individuals what to buy. Its grades for AEP are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is AEP's P/E ratio?

AEP trades at about 17.7 times its last 12 months of GAAP earnings reported to the SEC, and about 16.7 times Torvanta's own estimate of the next 12 months.

When does AEP report earnings next?

Based on its filing history, Torvanta expects American Electric Power to report around 2026-10-28.

Does AEP pay a dividend?

Yes. Its dividend yield is about 3.2%, and it has raised its dividend 16 years in a row.

How has AEP performed against the S&P 500?

Over the past year AEP returned +8.2%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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