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AES Valuation Multiples
Discover revenue and EBITDA valuation multiples for AES and similar public comparables like Equatorial Energia, Oklo, OGE Energy, REC and more.
AES Overview
About AES
AES is a global power company that operates in 15 countries. Its generation portfolio totals over 32 gigawatts, including renewable energy (50%), gas (32%), coal (16%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to more than 2.5 million customers.
Founded
1981
HQ
Employees
9.1K
Website
Sectors
Financials (LTM)
EV
$39B
AES Financials
AES reported last 12-month revenue of $12B and EBITDA of $3B.
In the same LTM period, AES generated $3B in gross profit, $3B in EBITDA, and $2B in net income.
Revenue (LTM)
AES P&L
In the most recent fiscal year, AES reported revenue of $12B and EBITDA of $3B.
AES expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $12B | XXX | $12B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $29B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
AES Stock Performance
AES has current market cap of $10B, and enterprise value of $39B.
Market Cap Evolution
AES's stock price is $14.21.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39B | $10B | 0.0% | XXX | XXX | XXX | $2.17 |
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Start Free TrialAES Valuation Multiples
AES trades at 3.2x EV/Revenue multiple, and 13.4x EV/EBITDA.
EV / Revenue (LTM)
AES Financial Valuation Multiples
As of March 25, 2026, AES has market cap of $10B and EV of $39B.
Equity research analysts estimate AES's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
AES has a P/E ratio of 6.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $39B | XXX | $39B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 13.4x | XXX | 13.3x | XXX | XXX | XXX |
| EV/EBIT | 19.0x | XXX | 19.9x | XXX | XXX | XXX |
| EV/Gross Profit | 11.5x | XXX | 17.7x | XXX | XXX | XXX |
| P/E | 6.4x | XXX | 6.5x | XXX | XXX | XXX |
| EV/FCF | 54.4x | XXX | 32.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified AES Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
AES Margins & Growth Rates
AES's revenue in the last 12 month grew by 2%.
AES's revenue per employee in the last FY averaged $1.4M.
AES's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
AES's rule of X is 29% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
AES Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 29% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 2% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
AES Public Comps
See public comps and valuation multiples for other Energy Production and Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Equatorial Energia | XXX | XXX | XXX | XXX | XXX | XXX |
| Oklo | XXX | XXX | XXX | XXX | XXX | XXX |
| OGE Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| REC | XXX | XXX | XXX | XXX | XXX | XXX |
| BKW | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
AES M&A Activity
AES acquired XXX companies to date.
Last acquisition by AES was on XXXXXXXX, XXXXX. AES acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by AES
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAES Investment Activity
AES invested in XXX companies to date.
AES made its latest investment on XXXXXXXX, XXXXX. AES invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by AES
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout AES
| When was AES founded? | AES was founded in 1981. |
| Where is AES headquartered? | AES is headquartered in United States. |
| How many employees does AES have? | As of today, AES has over 9K employees. |
| Who is the CEO of AES? | AES's CEO is Andres R. Gluski. |
| Is AES publicly listed? | Yes, AES is a public company listed on NYSE. |
| What is the stock symbol of AES? | AES trades under AES ticker. |
| When did AES go public? | AES went public in 1991. |
| Who are competitors of AES? | AES main competitors are Equatorial Energia, Oklo, OGE Energy, REC. |
| What is the current market cap of AES? | AES's current market cap is $10B. |
| What is the current revenue of AES? | AES's last 12 months revenue is $12B. |
| What is the current revenue growth of AES? | AES revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of AES? | Current revenue multiple of AES is 3.2x. |
| Is AES profitable? | Yes, AES is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of AES? | AES's last 12 months EBITDA is $3B. |
| What is AES's EBITDA margin? | AES's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of AES? | Current EBITDA multiple of AES is 13.4x. |
| What is the current FCF of AES? | AES's last 12 months FCF is $721M. |
| What is AES's FCF margin? | AES's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of AES? | Current FCF multiple of AES is 54.4x. |
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