Algonquin Power & Utilities Cor (AQNB) Financial Ratios
12 years of historical data (2013–2024) · Utilities · Regulated Electric
EV/EBITDA
↑
30.72
+7% vs avg
5yr avg: 28.74
30Y Low25.6·High30.6
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
3.10
↑+26% vs avg
5yr avg: 2.46
30Y Low2.0·High3.0
ROE
↓
-21.0%
↑-2348% vs avg
5yr avg: -0.9%
30Y Low-21%·High15%
Debt/EBITDA
↑
7.99
↓-3% vs avg
5yr avg: 8.27
30Y Low4.5·High10.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AQNB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Algonquin Power & Utilities Cor trades at 174.1x earnings, 34% below its 5-year average of 265.0x, sitting at the 100th percentile of its historical range. Compared to the Utilities sector median P/E of 19.5x, the stock trades at a premium of 791%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19.2B | $18.5B | $16.7B | $14.5B | $17.1B | $15.9B | $14.2B | — | — | — | — |
| Enterprise Value | $25.9B | $25.2B | $25.2B | $21.9B | $23.2B | $20.3B | $18.1B | — | — | — | — |
| P/E Ratio → | 174.07 | 168.13 | 804.33 | — | 68.00 | 19.54 | 26.60 | — | — | — | — |
| P/S Ratio | 8.26 | 7.98 | 6.18 | 5.57 | 7.78 | 9.15 | 8.67 | — | — | — | — |
| P/B Ratio | 3.10 | 2.99 | 2.40 | 2.02 | 2.22 | 2.65 | 3.00 | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 39.79 | 38.43 | 26.54 | 24.31 | 109.61 | 29.86 | 22.76 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
AQNB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Algonquin Power & Utilities Cor's enterprise value stands at 30.7x EBITDA, 7% above its 5-year average of 28.7x. The Utilities sector median is 12.0x, placing the stock at a 157% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.87 | 9.33 | 8.45 | 10.56 | 11.72 | 11.03 | — | — | — | — |
| EV / EBITDA | 30.72 | 29.94 | 30.64 | 25.57 | 28.44 | 29.12 | 28.01 | — | — | — | — |
| EV / EBIT | 57.97 | 57.88 | 54.40 | 43.81 | 65.35 | 59.60 | 23.51 | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
AQNB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Algonquin Power & Utilities Cor earns an operating margin of 19.2%, roughly in line with the Utilities sector average. Operating margins have expanded from 15.5% to 19.2% over the past 3 years, signaling improving operational efficiency. A negative ROE of -21.0% indicates the company is currently destroying shareholder equity. ROIC of 2.4% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.4% | 36.4% | 31.0% | 19.5% | 18.0% | 25.3% | 25.2% | 25.5% | 27.7% | 26.1% | 22.0% |
| Operating Margin | 19.2% | 19.2% | 17.3% | 15.5% | 18.8% | 22.1% | 21.7% | 22.2% | 24.4% | 21.9% | 18.1% |
| Net Profit Margin | -59.5% | -59.5% | 0.8% | -7.8% | 11.9% | 47.5% | 33.1% | 11.3% | 9.7% | 11.9% | 11.4% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.0% | -21.0% | 0.3% | -2.7% | 3.8% | 15.4% | 12.4% | 4.7% | 5.9% | 5.5% | 5.2% |
| ROA | -7.8% | -7.8% | 0.1% | -1.2% | 1.8% | 6.8% | 5.3% | 2.0% | 2.1% | 2.0% | 2.4% |
| ROIC | 2.4% | 2.4% | 2.3% | 2.1% | 2.6% | 3.0% | 3.3% | 3.8% | 5.1% | 3.5% | 3.8% |
| ROCE | 2.8% | 2.8% | 2.9% | 2.6% | 3.0% | 3.4% | 3.8% | 4.1% | 5.7% | 4.0% | 4.1% |
AQNB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Algonquin Power & Utilities Cor carries a Debt/EBITDA ratio of 8.0x, which is highly leveraged (57% above the sector average of 5.1x). Net debt stands at $6.7B ($6.7B total debt minus $35M cash). Interest coverage of just 1.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.09 | 1.09 | 1.23 | 1.05 | 0.81 | 0.76 | 0.83 | 0.83 | 0.92 | 1.71 | 0.65 |
| Debt / EBITDA | 7.99 | 7.99 | 10.41 | 8.78 | 7.63 | 6.52 | 6.09 | 5.64 | 4.79 | 10.00 | 4.47 |
| Net Debt / Equity | — | 1.08 | 1.22 | 1.04 | 0.79 | 0.74 | 0.82 | 0.82 | 0.91 | 1.66 | 0.60 |
| Net Debt / EBITDA | 7.95 | 7.95 | 10.34 | 8.71 | 7.48 | 6.38 | 6.00 | 5.56 | 4.72 | 9.74 | 4.10 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.23 | 1.23 | 1.25 | 1.45 | 1.93 | 1.87 | 1.84 | 2.33 | 2.31 | 1.78 | 2.72 |
AQNB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.76x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.76 | 0.76 | 0.63 | 0.71 | 0.69 | 0.73 | 0.59 | 0.99 | 0.88 | 0.90 | 1.08 |
| Quick Ratio | 0.61 | 0.61 | 0.50 | 0.57 | 0.56 | 0.59 | 0.48 | 0.79 | 0.72 | 0.83 | 1.01 |
| Cash Ratio | 0.02 | 0.02 | 0.03 | 0.04 | 0.09 | 0.11 | 0.07 | 0.09 | 0.11 | 0.34 | 0.36 |
| Asset Turnover | — | 0.14 | 0.15 | 0.15 | 0.13 | 0.13 | 0.15 | 0.16 | 0.19 | 0.13 | 0.21 |
| Inventory Turnover | 6.59 | 6.59 | 9.46 | 9.28 | 10.16 | 9.63 | 13.47 | 12.08 | 12.79 | 21.92 | 28.25 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AQNB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Algonquin Power & Utilities Cor returns 1.6% to shareholders annually — split between a 1.5% dividend yield and 0.0% buyback yield. The earnings yield of 0.6% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 1.6% | 2.0% | 2.6% | 1.8% | 1.7% | 1.5% | — | — | — | — |
| Payout Ratio | — | — | 1658.1% | — | 119.4% | 33.5% | 38.6% | 94.3% | 93.5% | 98.2% | 76.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.6% | 0.6% | 0.1% | — | 1.5% | 5.1% | 3.8% | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 1.6% | 1.6% | 2.0% | 2.6% | 1.9% | 1.8% | 1.5% | — | — | — | — |
| Shares Outstanding | — | $734M | $691M | $678M | $629M | $564M | $505M | $466M | $386M | $274M | $257M |
Peer Comparison
Compare AQNB 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 |
|---|---|---|---|---|---|---|---|---|---|
 AQNBYou | $19B | 174.1 | 30.7 | — | 36.4% | 19.2% | -21.0% | 2.4% | 8.0 |
 AES | $10B | 11.3 | 11.2 | — | 18.1% | 16.1% | 9.7% | 3.9% | 8.8 |
 NI | $23B | 24.1 | 12.9 | — | 58.6% | 27.6% | 8.3% | 5.3% | 5.4 |
 PNW | $12B | 19.7 | 14.3 | — | 25.4% | 20.9% | 8.8% | 3.9% | 8.5 |
 AVA | $3B | 17.2 | 10.5 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
 OTTR | $4B | 13.4 | 9.5 | 37.6 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 UTL | $917M | 17.2 | 9.7 | — | 41.3% | 18.9% | 8.9% | 5.4% | 4.9 |
 NEE | $195B | 28.4 | 18.7 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 BEP | $11B | -512.5 | 13.2 | — | 16.8% | 13.4% | -0.1% | 0.9% | 10.7 |
 CWEN | $8B | 26.9 | 16.2 | 21.2 | 15.2% | 12.3% | 2.9% | 0.9% | 9.6 |
 RNW | $1B | 46.7 | 11.3 | — | 91.1% | 53.5% | 3.0% | 4.9% | 10.1 |
| Utilities Median | — | 19.5 | 12.0 | 16.2 | 39.6% | 19.8% | 9.3% | 4.8% | 5.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonAQNB — Frequently Asked Questions
Quick answers to the most common questions about buying AQNB stock.
What is Algonquin Power & Utilities Cor's P/E ratio?
Algonquin Power & Utilities Cor's current P/E ratio is 174.1x. The historical average is 70.6x. This places it at the 100th percentile of its historical range.
What is Algonquin Power & Utilities Cor's EV/EBITDA?
Algonquin Power & Utilities Cor's current EV/EBITDA is 30.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.6x.
What is Algonquin Power & Utilities Cor's ROE?
Algonquin Power & Utilities Cor's return on equity (ROE) is -21.0%. The historical average is 2.9%.
Is AQNB stock overvalued?
Based on historical data, Algonquin Power & Utilities Cor is trading at a P/E of 174.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Algonquin Power & Utilities Cor's dividend yield?
Algonquin Power & Utilities Cor's current dividend yield is 1.54%.
What are Algonquin Power & Utilities Cor's profit margins?
Algonquin Power & Utilities Cor has 36.4% gross margin and 19.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Algonquin Power & Utilities Cor have?
Algonquin Power & Utilities Cor's Debt/EBITDA ratio is 8.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.