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Ameren Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ameren and similar public comparables like Atmos Energy, CEZ Group, DTE Energy, Power Grid Corporation of India and more.
Ameren Overview
About Ameren
Ameren owns rate-regulated generation, transmission, and distribution networks that deliver electricity and natural gas through the company's two main subsidiaries, Ameren Missouri and Ameren Illinois. It serves 2.5 million electricity customers and 900,000 natural gas customers across its two service territories.
Founded
1997
HQ
Employees
8.9K
Website
Sectors
Financials (LTM)
EV
$51B
Ameren Financials
Ameren reported last 12-month revenue of $9B and EBITDA of $4B.
In the same LTM period, Ameren generated $6B in gross profit, $4B in EBITDA, and $1B in net income.
Revenue (LTM)
Ameren P&L
In the most recent fiscal year, Ameren reported revenue of $9B and EBITDA of $4B.
Ameren expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 70% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 43% | XXX | 46% | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| Net Debt | — | — | $20B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ameren Stock Performance
Ameren has current market cap of $31B, and enterprise value of $51B.
Market Cap Evolution
Ameren's stock price is $112.71.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $51B | $31B | 0.0% | XXX | XXX | XXX | $5.26 |
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Start Free TrialAmeren Valuation Multiples
Ameren trades at 5.7x EV/Revenue multiple, and 13.3x EV/EBITDA.
EV / Revenue (LTM)
Ameren Financial Valuation Multiples
As of April 20, 2026, Ameren has market cap of $31B and EV of $51B.
Equity research analysts estimate Ameren's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ameren has a P/E ratio of 21.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $31B | XXX | $31B | XXX | XXX | XXX |
| EV (current) | $51B | XXX | $51B | XXX | XXX | XXX |
| EV/Revenue | 5.7x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBITDA | 13.3x | XXX | 12.6x | XXX | XXX | XXX |
| EV/EBIT | 23.8x | XXX | 24.6x | XXX | XXX | XXX |
| EV/Gross Profit | 8.2x | XXX | 12.2x | XXX | XXX | XXX |
| P/E | 21.2x | XXX | 21.4x | XXX | XXX | XXX |
| EV/FCF | (109.5x) | XXX | (783.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ameren 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.
Ameren Margins & Growth Rates
Ameren's revenue in the last 12 month grew by 4%.
Ameren's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.2M for the same period.
Ameren's rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ameren's rule of X is 53% (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).
Ameren Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 43% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 48% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 53% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 24% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ameren Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ameren | XXX | XXX | XXX | XXX | XXX | XXX |
| Atmos Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| CEZ Group | XXX | XXX | XXX | XXX | XXX | XXX |
| DTE Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Power Grid Corporation of India | XXX | XXX | XXX | XXX | XXX | XXX |
| Ørsted | 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.
Ameren M&A Activity
Ameren acquired XXX companies to date.
Last acquisition by Ameren was on XXXXXXXX, XXXXX. Ameren acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ameren
| 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 TrialAmeren Investment Activity
Ameren invested in XXX companies to date.
Ameren made its latest investment on XXXXXXXX, XXXXX. Ameren invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ameren
| 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 Ameren
| When was Ameren founded? | Ameren was founded in 1997. |
| Where is Ameren headquartered? | Ameren is headquartered in United States. |
| How many employees does Ameren have? | As of today, Ameren has over 8K employees. |
| Who is the CEO of Ameren? | Ameren's CEO is Martin J. Lyons. |
| Is Ameren publicly listed? | Yes, Ameren is a public company listed on NYSE. |
| What is the stock symbol of Ameren? | Ameren trades under AEE ticker. |
| When did Ameren go public? | Ameren went public in 1984. |
| Who are competitors of Ameren? | Ameren main competitors are Atmos Energy, CEZ Group, DTE Energy, Power Grid Corporation of India. |
| What is the current market cap of Ameren? | Ameren's current market cap is $31B. |
| What is the current revenue of Ameren? | Ameren's last 12 months revenue is $9B. |
| What is the current revenue growth of Ameren? | Ameren revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Ameren? | Current revenue multiple of Ameren is 5.7x. |
| Is Ameren profitable? | Yes, Ameren is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ameren? | Ameren's last 12 months EBITDA is $4B. |
| What is Ameren's EBITDA margin? | Ameren's last 12 months EBITDA margin is 43%. |
| What is the current EV/EBITDA multiple of Ameren? | Current EBITDA multiple of Ameren is 13.3x. |
| What is the current FCF of Ameren? | Ameren's last 12 months FCF is ($466M). |
| What is Ameren's FCF margin? | Ameren's last 12 months FCF margin is (5%). |
| What is the current EV/FCF multiple of Ameren? | Current FCF multiple of Ameren is (109.5x). |
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