Aes Corp (AES)

Cogeneration Services & Small Power Producers

Latest Price

$14.90

TTM P/E

5.69

Normalized P/E

12.79

Div Yield

3.54%

Book Value

6.93

P/B Ratio

2.15

Valuation metrics

EPS: $1.26

Book value / share: $5.70

Formula: √(22.5 × EPS × BVPS)

Graham Number

$12.72

15% downside

Norm. op. income: $1.2B (median of 7yr)

Tax rate: 7%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$18.09

+21% upside

EPS: $1.26

Target P/E: 13×

Formula: EPS × P/E

P/E Fair Value

$16.38

+10% upside

89.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	49.28M	$722.0M	6.91%	+2.11M	2026-06-30
Vanguard Capital Management LLC	46.50M	$681.0M	6.52%	+222.7K	2026-06-30
State Street Corp	42.89M	$628.0M	6.01%	-89.4K	2026-06-30
Vanguard Portfolio Management LLC	35.37M	$518.0M	4.96%	-134.9K	2026-06-30
Balyasny Asset Management L.P.	34.63M	$507.0M	4.86%	+23.45M	2026-06-30
Geode Capital Management, LLC	25.12M	$367.0M	3.52%	+610.7K	2026-06-30
Millennium Management LLC	21.41M	$313.0M	3.00%	+10.86M	2026-06-30
Morgan Stanley	21.00M	$307.0M	2.94%	-3.30M	2026-06-30
Invesco Ltd.	18.55M	$271.0M	2.60%	+285.5K	2026-06-30
Goldman Sachs Group Inc	14.67M	$215.0M	2.06%	+1.77M	2026-06-30