Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 6.38 as of Tuesday, August 4, 2026.
Forward PE Ratio (6.38) = Close Price ($14.68) / Consensus Forward EPS ($2.31)
FORWARD PE RATIO
6.38
SECTOR MEDIAN · UTILITIES
18.54
median of 36 covered companies
CURRENT VS SECTOR MEDIAN
-65.59%
vs the sector median at left
The AES Corporation
Market Cap
$10.47B
Forward PE Ratio
6.38
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| The AES Corporation (AES) | $10.47B | 6.38 |
| Brookfield Renewable Partners L.P. (BEP)vs › | $10.11B | N/A |
| Pinnacle West Capital Corporation (PNW)vs › | $12.21B | 21.22 |
| Clearway Energy, Inc. (CWEN-A)vs › | $8.31B | N/A |
| UGI Corporation (UGI)vs › | $7.66B | 12.85 |
| Oklo Inc. (OKLO)vs › | $7.42B | N/A |
| Talen Energy Corporation (TLN)vs › | $15.23B | 15.50 |
| Black Hills Corporation (BKH)vs › | $5.43B | 16.43 |
| Avista Corporation (AVA)vs › | $3.23B | 15.17 |
| Fluence Energy, Inc. (FLNC)vs › | $2.81B | N/A |
Trailing P/E
7.8
reported TTM EPS
Forward P/E
6.4
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $2.31 implies +22.9% EPS growth vs the reported trailing $1.88.
At today's $14.68 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $2.31 | $2.05 – $2.44 | 5 | 6.4x |
| 2027-12-31 | $2.47 | $2.20 – $2.63 | 6 | 5.9x |
| 2028-12-31 | $2.61 | $2.35 – $2.87 | 3 | 5.6x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
