Algonquin Power & Utilities Corp. (AQN) P/E Ratio History
Historical price-to-earnings valuation from 2009 to 2024
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AQN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Algonquin Power & Utilities Corp. (AQN) trades at a price-to-earnings ratio of -3.5x, with a stock price of $6.28 and trailing twelve-month earnings per share of $-0.03.
The current P/E is 110% 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 19.5x, AQN trades at a 118% discount to its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 174.1x.
Relative to the broader market, AQN trades at a notable discount to the S&P 500 median P/E of 25.1x. 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.
AQN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 17.2 | 3.74 | +4% | |
| $6B | 17.6 | 1.78 | -8% | |
| $4B | 24.6 | - | -19% | |
| $4B | 13.4 | 0.59 | -9% | |
| $3B | 20.1 | 2.70 | +12% | |
| $195B | 28.4 | 1.64 | -2% | |
| $10B | 11.3Lowest | 0.14Best | -47% | |
| $8B | 26.9 | 0.59 | +89%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AQN Historical P/E Data (2009–2024)
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 ComparisonAQN — Frequently Asked Questions
Quick answers to the most common questions about buying AQN stock.
Is AQN stock overvalued or undervalued?
AQN trades at -3.5x 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 -3.5x compares to sector median of 19.5x. 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.