What is the enterprise value (EV) for The AES Corporation (AES)?

NAME	MARKET CAP	ENTERPRISE VALUE (EV)
The AES Corporation (AES)	$10.58B	$37.72B
Pinnacle West Capital Corporation (PNW)vs ›	$11.42B	$22.78B
Brookfield Renewable Partners L.P. (BEP)vs ›	$9.13B	$43.82B
UGI Corporation (UGI)vs ›	$8.07B	$14.31B
Talen Energy Corporation (TLN)vs ›	$13.27B	$22.61B
Oklo Inc. (OKLO)vs ›	$6.61B	$4.97B
Black Hills Corporation (BKH)vs ›	$5.36B	$9.79B
Alliant Energy Corporation (LNT)vs ›	$16.94B	$29.04B
Avista Corporation (AVA)vs ›	$3.04B	$6.30B
Evergy, Inc. (EVRG)vs ›	$18.39B	$34.87B

Enterprise Value Calculation

Market Cap

$10.58B

Total Debt

$29.22B

−

Cash

$2.07B

Enterprise Value

$37.72B

EV-Based Valuation Multiples

EV/EBITDA

9.2x

EV/Sales

3.1x

EV/FCF

N/A

Why use EV instead of Market Cap?

EV accounts for debt - an acquirer must pay or assume it
EV deducts cash - the acquirer effectively receives it
EV enables fair comparison of companies with different capital structures
EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral

Enterprise Value (EV) Formula & Definition

Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Enterprise Value (EV) FAQ

What is the enterprise value (EV) for The AES Corporation (AES)?: The enterprise value (EV) for AES stock is $37.72B.

About The AES Corporation

The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution. Its activities involve both the ownership and management of power plants, producing and supplying electricity to a diverse clientele that includes other utility companies, large industrial consumers, and various intermediate purchasers. Beyond generation, AES also functions as a utility provider, managing infrastructure to either produce or acquire, then transmit, distribute, and ultimately sell power directly to end-users across residential, commercial, industrial, and governmental sectors. The company is also an active participant in the wholesale electricity market. For power production, AES utilizes a broad spectrum of energy sources and advanced technologies. This includes conventional fuels like coal and natural gas, as well as a significant commitment to renewables such as hydroelectric, wind, solar, and biomass. Its renewable portfolio further incorporates energy storage solutions and landfill gas. With an operational generation capacity of approximately 31,459 megawatts, the company maintains a substantial global presence, conducting business in the United States, Puerto Rico, various nations across Central and South America (including El Salvador, Chile, Colombia, Argentina, Brazil, Mexico), the Caribbean, Europe, and Asia. Founded in 1981, the company was initially named Applied Energy Services, Inc., before officially rebranding to The AES Corporation in April 2000. Its corporate headquarters are located in Arlington, Virginia.

Arlington, VA

8,336 employees

www.aes.com

Utilities / Diversified Utilities