Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

American Electric Power

AEP stock analysis · Utilities · Electric Utilities

FY 2025-12-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$136.81HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$74.4B

Price × SEC outstanding shares. Shares measured 2026-05-05. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$97.45

Equity cash-flow scenario · SEC outstanding shares at 2026-05-05 · -28.8% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

13.3%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

14.5%

14 industry peers · median 23.8×

How this is calculated ↗
Valuation

Historical multiples

20.8×

7 annual observations · snapshot P/E 20.8× · 0.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

4.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

5.5%

Normalized tax · financing-capital proxy

How this is calculated ↗
Valuation

Value composite

70/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

11.0%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-3.0%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

3.2%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 6.9B2020-12-31: cfo $3,832,900,000.002020-12-31: capex $0.0020202021-12-31: cfo $3,839,900,000.0020212022-12-31: cfo $5,288,000,000.0020222023-12-31: cfo $5,012,000,000.002023-12-31: capex $155,000,000.0020232024-12-31: cfo $6,804,000,000.002024-12-31: capex $399,000,000.0020242025-12-31: cfo $6,944,000,000.002025-12-31: capex $3,453,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$122.23$133.37$145.34
10.0%$89.57$97.45$105.91
12.0%$70.66$76.68$83.12

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-3121.7B3.7B6.9B3.5B114.5B
2024-12-3120B3B6.8B399M103.1B
2023-12-3119.5B2.2B5B155M96.7B
2022-12-3119.4B2.3B5.3B93.4B
2021-12-3116.8B2.5B3.8B87.7B
2020-12-3114.9B2.2B3.8B080.8B
2019-12-3115.6B1.9B4.3B918.4M75.9B
2018-12-3116.2B1.9B5.2B068.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue21.7BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-12
netIncome3.7BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-12
Parent/common earnings proxy3.6BNetIncomeLossAvailableToCommonStockholdersBasic2026-02-12
cfo6.9BNetCashProvidedByUsedInOperatingActivities2026-02-12
capex3.5BPaymentsToAcquireProductiveAssets2026-02-12
operatingIncome5.3BOperatingIncomeLoss2026-02-12
assets114.5BAssets2026-02-12
equity32.2BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2026-02-12
Parent book equity proxy31.1BStockholdersEquity2026-02-12
debt47.3BLongTermDebt2026-02-12
shortDebt1.5BShortTermBorrowings2026-02-12
cash197MCashAndCashEquivalentsAtCarryingValue2026-02-12
shares537.5MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-12
dividends2BPaymentsOfDividendsCommonStock2026-02-12
buybacksNot reported under a supported tag
issuance775MProceedsFromIssuanceOfCommonStock2026-02-12