AES price to free cash flow AES

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 27.8×; Oct 2021
10-year median: 28.0×
10-year range: 9.2× to 183×
Peer median: 40.3×

AES' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Oct 2021, at 27.8×.

On the days it had one over the last ten years, its median was 28.0×, from 9.2× in Jul 2017 to 183× in Mar 2020.

Price to free cash flow over time

median 28×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2021	27.8×	18.0×	30.3×
2020	25.0×	21.7×	183×
2019	47.4×	27.0×	54.6×
2018	31.6×	21.6×	87.9×
2017	31.2×	9.2×	31.2×
2016	18.2×	14.9×	19.0×
2015	n/m a value too high to mean anything
2014	22.4×	12.3×	23.6×
2013	13.0×	10.0×	15.9×
2012	14.9×	11.9×	26.2×
2011	11.5×	8.1×	23.1×
2010	21.7×	19.2×	83.9×

Against its peers

Companies in Utilities nearest AES' size, closest first, today.

Company	Price to free cash flow
AESAES	n/m
OGEOGE Energy	36.5×
WTRGEssential Utilities	n/m
PNWPinnacle West Capital	n/m
UGIUGI	44.1×
IDAIdacorp	n/m
NFGNational Fuel Gas	34.4×
LNTAlliant Energy	n/m
BKHBlack Hills	n/m
TXNMTXNM Energy	n/m
NRGNRG Energy	55.8×
Peer median	40.3×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on AES

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.