Is AEP or CEG cheaper?

On trailing earnings, AEP is cheaper: AEP trades at a 18.86 P/E and CEG at 23.81.

Which has grown faster, AEP or CEG?

Over the past five years, CEG grew revenue faster — AEP at a 7.51% CAGR versus CEG at 10.14%.

Does AEP or CEG pay a bigger dividend?

AEP yields 2.96% and CEG yields 0.59% based on trailing dividends and the latest price.

Is AEP or CEG more profitable?

AEP runs the higher net margin — AEP at 16.49% versus CEG at 12.74%.

American Electric Power Company, Inc. (AEP) vs Constellation Energy Corporation (CEG)

AEP leads on 11 of 15 compared metrics.

A side-by-side comparison of American Electric Power Company, Inc. and Constellation Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AEP

American Electric Power Company, Inc.

$69.48B

$127.69Utilities

CEG

Constellation Energy Corporation

$98.42B

$274.06Utilities

Total return — AEP vs CEG

growth of $100 · last 4y

AEP +41.4%CEG +552.5%CEG compounded faster

AEP CEG

AEP vs CEG: by the numbers

•CEG is the larger company ($98.42B vs $69.48B market cap).
•AEP trades at the lower earnings multiple (18.86 vs 23.81 P/E).
•AEP converts more revenue to profit (16.49% vs 12.74% net margin).
•CEG grew revenue faster over the past five years (10.14% vs 7.51% CAGR).
•AEP pays the higher dividend yield (2.96% vs 0.59%).

Which is better, AEP or CEG?

Metric tally: AEP 11 · CEG 4

It depends on what you're optimizing for:

ValueAEP(lower P/E)

GrowthCEG(faster 5Y revenue CAGR)

IncomeAEP(higher dividend yield)

QualityAEP(higher ROIC)

Metrics side by side

Valuation

Metric	AEP	CEG
P/E ratio	18.86●	23.81
Forward P/E	18.64●	20.27
P/S ratio	3.15●	3.25
P/B ratio	2.20●	2.90
PEG ratio	0.91	0.73●
EV / EBITDA	13.95●	14.34
FCF yield	10.95%●	1.17%

Profitability

Metric	AEP	CEG
Gross margin	40.39%	77.92%●
Operating margin	23.47%●	16.58%
Net margin	16.49%●	12.74%
ROE	11.49%	11.36%
ROIC	4.71%●	4.00%

Dividends

Metric	AEP	CEG
Dividend yield	2.96%●	0.59%
Payout ratio	56.76%	22.01%

Growth (annualized)

Metric	AEP	CEG
Revenue CAGR (5Y)	7.51%	10.14%●
EPS CAGR (5Y)	8.45%	32.64%●
FCF CAGR (5Y)	41.49%●	5.38%
Total return CAGR (5Y)	13.17%	—

Frequently asked

Which is better, AEP or CEG?: It depends on your goal. value: AEP (lower P/E); growth: CEG (faster 5Y revenue CAGR); income: AEP (higher dividend yield); quality: AEP (higher ROIC). Across all compared metrics, AEP leads 11 to 4.
Is AEP or CEG cheaper?: On trailing earnings, AEP is cheaper: AEP trades at a 18.86 P/E and CEG at 23.81.
Which has grown faster, AEP or CEG?: Over the past five years, CEG grew revenue faster — AEP at a 7.51% CAGR versus CEG at 10.14%.
Does AEP or CEG pay a bigger dividend?: AEP yields 2.96% and CEG yields 0.59% based on trailing dividends and the latest price.
Is AEP or CEG more profitable?: AEP runs the higher net margin — AEP at 16.49% versus CEG at 12.74%.

Go deeper

Full AEP analysis Full CEG analysis Interactive comparison tool

Dig into the metrics

American Electric Power P/E ratio Constellation Energy P/E ratio American Electric Power dividend yield Constellation Energy dividend yield American Electric Power ROE Constellation Energy ROE American Electric Power operating margin Constellation Energy operating margin American Electric Power revenue growth Constellation Energy revenue growth American Electric Power free cash flow Constellation Energy free cash flow

American Electric Power & Constellation Energy appear in these rankings

Highest Dividend Yield Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 20, 2026.