Ameren Corporation (AEE) Financial Ratios
29 years of historical data (1997–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
13.57
+5% vs avg
5yr avg: 12.98
30Y Low2.6·High14.0
P/FCF
N/A
—
5yr avg: N/A
30Y Low8.6·High169.9
P/B Ratio
↓
2.20
+9% vs avg
5yr avg: 2.02
30Y Low0.8·High2.3
ROE
↑
11.3%
↓+7% vs avg
5yr avg: 10.5%
30Y Low-13%·High14%
Debt/EBITDA
↑
5.37
↓-1% vs avg
5yr avg: 5.42
30Y Low0.8·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AEE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ameren Corporation trades at 20.5x earnings, roughly in line with its 5-year average of 20.0x, sitting at the 75th percentile of its historical range. This is roughly in line with the Utilities sector median P/E of 19.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $30.3B | $27.2B | $23.8B | $19.1B | $23.1B | $22.9B | $19.4B | $19.0B | $16.0B | $14.4B | $12.8B |
| Enterprise Value | $50.1B | $47.0B | $42.6B | $35.5B | $38.2B | $36.5B | $30.9B | $28.8B | $25.1B | $22.8B | $20.6B |
| P/E Ratio → | 20.48 | 18.67 | 20.17 | 16.52 | 21.48 | 23.18 | 22.30 | 22.93 | 19.65 | 27.57 | 19.57 |
| P/S Ratio | 3.45 | 3.09 | 3.13 | 2.54 | 2.90 | 3.59 | 3.35 | 3.21 | 2.55 | 2.33 | 2.10 |
| P/B Ratio | 2.20 | 2.01 | 1.95 | 1.66 | 2.17 | 2.33 | 2.14 | 2.31 | 2.06 | 1.97 | 1.76 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 9.04 | 8.11 | 8.63 | 7.43 | 10.20 | 13.80 | 11.24 | 8.75 | 7.39 | 6.80 | 6.03 |
P/E links to full P/E history page with 30-year chart
AEE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ameren Corporation's enterprise value stands at 13.6x EBITDA, roughly in line with its 5-year average of 13.0x. The Utilities sector median is 11.5x, placing the stock at a 18% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.34 | 5.58 | 4.74 | 4.80 | 5.71 | 5.32 | 4.87 | 3.98 | 3.70 | 3.39 |
| EV / EBITDA | 13.57 | 12.72 | 13.63 | 11.62 | 12.92 | 14.00 | 12.58 | 12.25 | 10.48 | 9.66 | 9.17 |
| EV / EBIT | 24.75 | 23.20 | 22.01 | 18.64 | 21.92 | 23.80 | 21.26 | 20.59 | 17.17 | 15.25 | 14.47 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
AEE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ameren Corporation earns an operating margin of 23.0%, above the Utilities sector average of 19.8%. Operating margins have expanded from 20.8% to 23.0% over the past 3 years, signaling improving operational efficiency. ROE of 11.3% is modest. ROIC of 4.7% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.6% | 29.6% | 47.9% | 46.2% | 42.0% | 46.8% | 49.3% | 46.4% | 44.4% | 45.1% | 43.4% |
| Operating Margin | 23.0% | 23.0% | 19.9% | 20.8% | 19.0% | 20.8% | 22.4% | 21.4% | 21.6% | 22.8% | 21.8% |
| Net Profit Margin | 16.5% | 16.5% | 15.5% | 15.4% | 13.5% | 15.5% | 15.0% | 14.0% | 13.0% | 8.5% | 10.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 11.3% | 10.0% | 10.4% | 10.5% | 10.5% | 10.1% | 10.4% | 10.8% | 7.2% | 9.1% |
| ROA | 3.1% | 3.1% | 2.8% | 2.9% | 2.9% | 2.9% | 2.9% | 2.9% | 3.1% | 2.1% | 2.7% |
| ROIC | 4.7% | 4.7% | 3.9% | 4.4% | 4.6% | 4.5% | 5.1% | 5.5% | 6.3% | 6.9% | 6.7% |
| ROCE | 4.7% | 4.7% | 3.9% | 4.3% | 4.5% | 4.2% | 4.6% | 5.0% | 5.7% | 6.3% | 6.1% |
AEE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ameren Corporation carries a Debt/EBITDA ratio of 5.4x, which is highly leveraged (8% above the sector average of 5.0x). Net debt stands at $19.8B ($19.8B total debt minus $13M cash). Interest coverage of just 2.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.47 | 1.47 | 1.53 | 1.44 | 1.42 | 1.38 | 1.27 | 1.19 | 1.16 | 1.15 | 1.08 |
| Debt / EBITDA | 5.37 | 5.37 | 6.00 | 5.40 | 5.11 | 5.22 | 4.72 | 4.17 | 3.78 | 3.56 | 3.49 |
| Net Debt / Equity | — | 1.46 | 1.53 | 1.44 | 1.42 | 1.38 | 1.26 | 1.19 | 1.16 | 1.15 | 1.08 |
| Net Debt / EBITDA | 5.36 | 5.36 | 6.00 | 5.39 | 5.11 | 5.21 | 4.66 | 4.17 | 3.77 | 3.56 | 3.49 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 2.61 | 2.61 | 2.92 | 3.37 | 3.58 | 4.01 | 3.46 | 3.67 | 3.64 | 3.83 | 3.73 |
AEE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.66x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.66 | 0.66 | 0.66 | 0.65 | 0.79 | 0.70 | 0.76 | 0.57 | 0.57 | 0.55 | 0.60 |
| Quick Ratio | 0.46 | 0.46 | 0.44 | 0.43 | 0.59 | 0.49 | 0.52 | 0.37 | 0.39 | 0.37 | 0.40 |
| Cash Ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.07 | 0.01 | 0.06 | 0.01 | 0.01 | 0.00 | 0.00 |
| Asset Turnover | — | 0.18 | 0.17 | 0.18 | 0.21 | 0.18 | 0.18 | 0.20 | 0.23 | 0.24 | 0.25 |
| Inventory Turnover | 8.01 | 8.01 | 5.21 | 5.50 | 6.92 | 5.75 | 5.64 | 6.41 | 7.24 | 6.50 | 6.53 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AEE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ameren Corporation returns 2.6% to shareholders annually primarily through dividends. A payout ratio of 52.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.6% | 2.8% | 3.0% | 3.5% | 2.6% | 2.5% | 2.5% | 2.5% | 2.8% | 3.0% | 3.3% |
| Payout Ratio | 52.7% | 52.7% | 60.4% | 57.5% | 56.8% | 57.1% | 56.7% | 57.0% | 55.3% | 82.4% | 63.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 5.4% | 5.0% | 6.1% | 4.7% | 4.3% | 4.5% | 4.4% | 5.1% | 3.6% | 5.1% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.6% | 2.8% | 3.0% | 3.5% | 2.6% | 2.5% | 2.5% | 2.5% | 2.8% | 3.0% | 3.3% |
| Shares Outstanding | — | $272M | $267M | $263M | $260M | $258M | $249M | $247M | $246M | $244M | $243M |
Peer Comparison
Compare AEE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AEEYou | $30B | 20.5 | 13.6 | — | 29.6% | 23.0% | 11.3% | 4.7% | 5.4 |
 WEC | $37B | 23.6 | 15.4 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 EVRG | $19B | 22.1 | 7.0 | — | 83.3% | 25.7% | 12.7% | 8.3% | 0.1 |
 OGE | $10B | 20.6 | 11.4 | 119.1 | 44.2% | 24.5% | 9.8% | 5.8% | 4.2 |
 NWE | $4B | 24.2 | 13.3 | — | 82.3% | 20.2% | 6.3% | 4.0% | 5.7 |
 AVA | $3B | 17.1 | 10.4 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
 OTTR | $4B | 13.6 | 9.6 | 38.1 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 DUK | $98B | 19.9 | 12.6 | — | 31.6% | 26.6% | 9.5% | 4.6% | 6.1 |
 SO | $105B | 23.9 | 12.8 | — | 29.8% | 24.6% | 11.5% | 5.3% | 4.9 |
 XEL | $50B | 23.6 | 14.5 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 ED | $25B | 18.9 | 4.8 | 5.6 | 81.0% | 17.3% | 8.8% | 6.0% | 0.1 |
| Utilities Median | — | 19.7 | 11.5 | 15.4 | 40.7% | 19.8% | 9.4% | 4.9% | 5.0 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
Full AEE Stock Analysis
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Start ComparisonAEE — Frequently Asked Questions
Quick answers to the most common questions about buying AEE stock.
What is Ameren Corporation's P/E ratio?
Ameren Corporation's current P/E ratio is 20.5x. The historical average is 19.2x. This places it at the 75th percentile of its historical range.
What is Ameren Corporation's EV/EBITDA?
Ameren Corporation's current EV/EBITDA is 13.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
What is Ameren Corporation's ROE?
Ameren Corporation's return on equity (ROE) is 11.3%. The historical average is 8.8%.
Is AEE stock overvalued?
Based on historical data, Ameren Corporation is trading at a P/E of 20.5x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ameren Corporation's dividend yield?
Ameren Corporation's current dividend yield is 2.57% with a payout ratio of 52.7%.
What are Ameren Corporation's profit margins?
Ameren Corporation has 29.6% gross margin and 23.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ameren Corporation have?
Ameren Corporation's Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.