Which has the lower trailing P/E, AEP or CEG?

AEP has the lower trailing P/E: AEP trades at 22.21 and CEG at 23.22. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AEP or CEG?

Over the past five years, CEG grew revenue faster — AEP at a 7.40% CAGR versus CEG at 10.14%.

Does AEP or CEG pay a bigger dividend?

AEP yields 2.95% and CEG yields 0.61% based on trailing dividends and the latest price.

Is AEP or CEG more profitable?

AEP runs the higher net margin — AEP at 13.95% versus CEG at 12.74%.

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

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 August 5, 2026. Differences are shown without an overall score or investment verdict.

AEP

American Electric Power Company, Inc.

$68.70B

$126.20UtilitiesDelayed quote: Aug 5, 2026, 2:55 PM EDT

CEG

Constellation Energy Corporation

$95.29B

$265.35UtilitiesDelayed quote: Aug 5, 2026, 2:55 PM EDT

Total return — AEP vs CEG

growth of $100 · dividends reinvested · last 5y

AEP +67.2%CEG +560.0%CEG compounded faster

AEP CEG

AEP vs CEG: by the numbers

•CEG is the larger company ($95.29B vs $68.70B market cap).
•AEP trades at the lower trailing earnings multiple (22.21 vs 23.22 P/E), one valuation lens rather than an overall verdict.
•AEP converts more revenue to profit (13.95% vs 12.74% net margin).
•CEG grew revenue faster over the past five years (10.14% vs 7.40% CAGR).
•AEP pays the higher dividend yield (2.95% vs 0.61%).

Metrics side by side

Valuation

Metric	AEP	CEG
P/E ratio	22.21	23.22
Forward P/E	20.17	22.77
P/S ratio	3.14	3.17
P/B ratio	2.20	2.83
PEG ratio	0.91	0.71
EV / EBITDA	12.37	16.22
FCF yield	12.79%	1.20%

Profitability

Metric	AEP	CEG
Gross margin	31.81%	77.92%
Operating margin	28.36%	16.58%
Net margin	13.95%	12.74%
ROE	9.77%	11.36%
ROIC	4.71%	4.00%

Dividends

Metric	AEP	CEG
Dividend yield	2.95%	0.61%
Payout ratio	56.76%	22.01%

Growth (annualized)

Metric	AEP	CEG
Revenue CAGR (5Y)	7.40%	10.14%
EPS CAGR (5Y)	8.45%	32.64%
FCF CAGR (5Y)	N/A	5.38%
Total return CAGR (5Y)	11.59%	N/A

Frequently asked

Which has the lower trailing P/E, AEP or CEG?: AEP has the lower trailing P/E: AEP trades at 22.21 and CEG at 23.22. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AEP or CEG?: Over the past five years, CEG grew revenue faster — AEP at a 7.40% CAGR versus CEG at 10.14%.
Does AEP or CEG pay a bigger dividend?: AEP yields 2.95% and CEG yields 0.61% based on trailing dividends and the latest price.
Is AEP or CEG more profitable?: AEP runs the higher net margin — AEP at 13.95% 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 August 5, 2026.