ValueScreener

ValueScreener company report

American Electric Power Company, Inc. (AEP)

NASDAQ / Utilities / Regulated Electric

Share price

124.29 USD Market dataClose of Oct 15, 2026

Market capitalisation

67.66B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 12, 2026
Ratios computed
Oct 15, 2026
Filed years
10, FY2016 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

6.4% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

18.55x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

5.2% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 16.38B USDFY2016 Net income: 618.0M USDFY2017 Revenue: 15.42B USDFY2017 Net income: 1.93B USDFY2018 Revenue: 16.20B USDFY2018 Net income: 1.93B USDFY2019 Revenue: 15.56B USDFY2019 Net income: 1.92B USDFY2020 Revenue: 14.92B USDFY2020 Net income: 2.20B USDFY2021 Revenue: 16.79B USDFY2021 Net income: 2.49B USDFY2022 Revenue: 19.64B USDFY2022 Net income: 2.31B USDFY2023 Revenue: 18.98B USDFY2023 Net income: 2.21B USDFY2024 Revenue: 19.72B USDFY2024 Net income: 2.98B USDFY2025 Revenue: 21.88B USDFY2025 Net income: 3.70B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
2 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 18.55x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Regulated Electric industry (35 companies), 18.55x sits at the 32nd percentile; the middle half of that group runs from 18.20x to 22.31x.

Is it good

Return on invested capital was 6.4% in FY2025, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Utilities sector (52 companies), 6.4% sits at the 78th percentile; the middle half of that group runs from 4.5% to 6.2%.

Is it safe

Interest coverage was 2.63x in FY2025, in the band labelled "Speculative grade" (1.50x to 3.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether American Electric Power Company, Inc.'s return on equity stayed above the median of the Regulated Electric industry, year by year. (FY2023 to FY2025, 3 fiscal years of American Electric Power Company, Inc. with a comparable figure)
The direction
Which way American Electric Power Company, Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of American Electric Power Company, Inc.)
What could explain it
What in American Electric Power Company, Inc.'s filed statements could explain the movements. (8 readings drawn from the statement lines American Electric Power Company, Inc. filed)
What to check next
What to check next on American Electric Power Company, Inc., and where in its filings. (6 questions for American Electric Power Company, Inc.)
In one paragraph
One paragraph on American Electric Power Company, Inc.'s returns, cash, balance sheet and price. (15 of sixteen figures read for American Electric Power Company, Inc.)

These are AEP’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research AEPPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 12, 2026, accession 0000004904-26-000013.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

American Electric Power Company, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax6.4% ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Return on equity11.9% ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Return on capital employed, pre-tax5.3% ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Return on assets3.2% ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Operating margin24.3% ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Net margin16.9% ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
AEP 16.9%
DUK 15.7%FTS 16.1%NEE 26.5%WEC 15.9%SO 14.7%
14.7%26.5%
Net margin: AEP against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

American Electric Power Company, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.59 ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Current ratio0.45 ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Quick ratio0.45 ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Interest coverage2.63x ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Altman Z-score0.94 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Net debt49.25B ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Total assets 114.46BTotal liabilities 82.20BShareholders' equity 31.14BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What American Electric Power Company, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 12, 2026, 0000004904-26-000013).

American Electric Power Company, Inc: balance sheet position
Total assets114.46B FiledFY2025 10-K, filed Feb 12, 2026
Total liabilities82.20B FiledFY2025 10-K, filed Feb 12, 2026
Shareholders' equity31.14B FiledFY2025 10-K, filed Feb 12, 2026
Cash417.0M FiledFY2025 10-K, filed Feb 12, 2026
Total debt49.66B FiledFY2025 10-K, filed Feb 12, 2026
Net debt49.25B
Current ratio0.45
Debt to equity1.59

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

American Electric Power Company, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings18.55x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
P/E on trailing twelve months18.59x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.15x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Price to sales3.05x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Enterprise value to EBIT21.86x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Enterprise value to EBITDA13.45x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Price to earnings over growth2.16 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Diluted earnings per share6.66 USD FiledFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Graham number93.45 USD ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013

We publish no fair value or price target of our own. Value AEP on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for American Electric Power Company, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

American Electric Power Company, Inc: valuation
Share price124.29 USD
Market capitalisation67.66B USD
Enterprise value to EBITDA13.45x
Graham number93.45 USD
Diluted earnings per share, FY20256.66 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Jul 27, 2017: low 15.58x, median 19.61x, high 52.50x, latest 18.59x. 2,316 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like American Electric Power Company, Inc

  1. Duke Energy Corporation (DUK)Market cap 92.69B USD
  2. Fortis Inc. (FTS)Market cap 27.93B USD
  3. NextEra Energy, Inc. (NEE)Market cap 164.70B USD
  4. WEC Energy Group, Inc. (WEC)Market cap 34.55B USD
  5. The Southern Company (SO)Market cap 102.60B USD

Same industry (Regulated Electric) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

American Electric Power Company, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield5.2% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Free cash flow3.49B USD ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Free cash flow margin16.0% ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Dividend yield3.1% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Payout ratio54.3% ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
FY2016 Free cash flow: 4.41B USDFY2016 Net income: 618.0M USDFY2017 Free cash flow: 4.27B USDFY2017 Net income: 1.93B USDFY2018 Free cash flow: 5.22B USDFY2018 Net income: 1.93B USDFY2019 Free cash flow: 3.35B USDFY2019 Net income: 1.92B USDFY2020 Free cash flow: 3.83B USDFY2020 Net income: 2.20B USDFY2021 Net income: 2.49B USDFY2022 Net income: 2.31B USDFY2023 Free cash flow: 4.86B USDFY2023 Net income: 2.21B USDFY2024 Free cash flow: 6.41B USDFY2024 Net income: 2.98B USDFY2025 Free cash flow: 3.49B USDFY2025 Net income: 3.70B USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

American Electric Power Company, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
18.55xFY2025Oct 15, 2026
2.15xFY2025Oct 15, 2026
21.86xFY2025Oct 15, 2026
5.2%FY2025Oct 15, 2026
6.4%FY2025Feb 12, 2026
3.1%FY2025Oct 15, 2026
1.59FY2025Feb 12, 2026
0.45FY2025Feb 12, 2026
3.05xFY2025Oct 15, 2026
2.16FY2025Oct 15, 2026
0.94FY2025Oct 15, 2026
-2.53FY2025Feb 12, 2026
5/9FY2025Feb 12, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 10 filed fiscal years on record, FY2016 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports American Electric Power Company, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

American Electric Power Company, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202521.88B5.32B3.70B6.663.49B24.3%11.9%10-K, Feb 12, 20260000004904-26-000013
FY202419.72B4.30B2.98B5.586.41B21.8%11.1%10-K, Feb 13, 20250000004904-25-000027
FY202318.98B3.56B2.21B4.244.86B18.7%8.8%10-K, Feb 26, 20240000004904-24-000020
FY202219.64B3.48B2.31B4.49n/a17.7%9.7%10-K, Feb 23, 20230000004904-23-000011
FY202116.79B3.41B2.49B4.96n/a20.3%11.1%10-K, Feb 24, 20220000004904-22-000024
FY202014.92B2.99B2.20B4.423.83B20.0%10.7%10-K, Feb 25, 20210000004904-21-000010
FY201915.56B2.59B1.92B3.883.35B16.7%9.8%10-K, Feb 20, 20200000004904-20-000007
FY201816.20B2.68B1.93B3.905.22B16.6%10.2%10-K, Feb 21, 20190000004904-19-000009
FY201715.42B3.52B1.93B3.884.27B22.9%10.6%10-K, Feb 23, 20180000004904-18-000009
FY201616.38B1.16B618.0M1.244.41B7.1%3.5%10-K, Feb 28, 20170000004904-17-000019
  • Revenue, compound annual growth FY2016 to FY2025: 3.3%
  • Earnings, compound annual growth FY2016 to FY2025: 22.0%
  • Earnings per share, compound annual growth FY2016 to FY2025: 20.5%
  • Free cash flow, compound annual growth FY2016 to FY2025: -2.6%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

American Electric Power Company, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.53 ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Piotroski F-score5/9 ComputedFY2025 10-K, filed Feb 12, 2026, 0000004904-26-000013
Named tests met2 of 30 Computed
Beta-0.06 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 2 met, 28 not met, 0 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
ROIC at or above WACC; Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Figures we could not read(3)
  • Current Ratio: Graham set this test for industrial companies; for utilities he tested debt against equity.
  • Altman Z-Score: Altman fitted the Z-score on manufacturers; it is not measured for a utility.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 3 figures could not be read on this company: Current Ratio, Altman Z-Score, Gross Margin.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

No card. 30 free days, and nothing is charged unless you choose a plan.

Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

Site map
  • Android app coming soon
  • iPhone app coming soon
ValueScreener

Discover companies, research each one to its filings, track what matters, and take your work into your own spreadsheet.

ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.