Algonquin Power & Utilities Corp. (AQN) P/E Ratio History
Historical price-to-earnings valuation from 2009 to 2024
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, Algonquin Power & Utilities Corp. (AQN) trades at a price-to-earnings ratio of -3.9x, with a stock price of $6.98 and trailing twelve-month earnings per share of $-1.78.
The current P/E is 111% below its 5-year average of 34.5x. Over the past five years, AQN's P/E has ranged from a low of 10.8x to a high of 210.7x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Utilities sector median P/E of 21.0x, AQN trades at a 118% discount to its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 171.6x.
Relative to the broader market, AQN trades at a notable discount to the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AQN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Renewable Utilities and Asset Owners peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
AXIAAXIA Energia S.A. | $24B | 74.2 | - | -58% |
BEPCBrookfield Renewable Corporation | $6B | 26.2Lowest | 1.06 | +261%Best |
CWENClearway Energy, Inc. | $2B | 27.0 | 0.60Best | +89% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $5.86 | $0.16 | 36.6x | -62% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $6.32 | $0.03 | 210.7x | +118% |
| FY2022 Q2 | $13.43 | $0.15 | 89.4x | -8% | |
| FY2022 Q1 | $15.52 | $0.40 | 38.5x | -60% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $14.45 | $0.35 | 41.9x | -57% |
| FY2021 Q3 | $14.66 | $0.97 | 15.2x | -84% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $14.88 | $1.10 | 13.5x | -86% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $15.84 | $1.47 | 10.8x | -89% |
| FY2020 Q4 | $16.46 | $1.33 | 12.4x | -87% | |
| FY2020 Q3 | Wed Sep 30 2020 00:00:00 GM | $14.54 | $0.83 | 17.5x | -82% |
| FY2020 Q2 | $12.94 | $0.97 | 13.3x | -86% | |
| FY2020 Q1 | $13.40 | $0.75 | 17.9x | -82% |
Average P/E for displayed period: 96.8x
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Start ComparisonFrequently Asked Questions
Is AQN stock overvalued or undervalued?
AQN trades at -3.9x P/E, below its 5-year average of 34.5x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does AQN's valuation compare to peers?
Algonquin Power & Utilities Corp. P/E of -3.9x compares to sector median of 21.0x. The discount suggests lower growth expectations or higher risk.
What is AQN's PEG ratio?
AQN PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2009-2024.