The AES (FRA:AES) Book Value per Share: €5.36 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:AES The AES Corp FRA:AES
75 GF Score
Price €12.90
GF Value €13.01
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is The AES Book Value per Share?

The AES FRA:AES -0.69% 75 Book Value per Share is €5.36 as of Mar. 2026. GuruFocus rates FRA:AES with a GF Score™ of 75/100 and a GF Value™ of €13.01 (Fairly Valued). The stock has 9 warning signs investors should review.

The AES's book value per share for the quarter that ended in Mar. 2026 was €5.36.

During the past 12 months, The AES's average Book Value Per Share Growth Rate was 27.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 33.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 10.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of The AES was 72.40% per year. The lowest was -57.70% per year. And the median was 2.10% per year.

The AES's current price is €12.895. Its book value per share for the quarter that ended in Mar. 2026 was €5.36. Hence, today's PB Ratio of The AES is 2.41.

During the past 13 years, the highest P/B Ratio of The AES was 11.65. The lowest was 1.94. And the median was 3.55.

Good Sign:

The AES Corp stock PB Ratio (=2.4) is close to 1-year low of 2.3.


The AES  (FRA:AES) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


The AES Book Value per Share Related Terms


The AES Book Value per Share Historical Data

* Premium members only.

The historical data trend for The AES's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The AES Book Value per Share Chart

The AES Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.60 2.26 2.26 4.89 4.87

The AES Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.51 4.10 4.62 4.87 5.36

FRA:AES vs AVA, UTL, SRE: Book Value per Share Comparison

For the Utilities - Diversified subindustry, The AES's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The AES PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The AES's PB Ratio distribution charts can be found below:

* The bar in red indicates where The AES's PB Ratio falls into.


FRA:AES
75GF Score
The AES Corp FRA:AES
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The AES Book Value per Share Calculation

The AES's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(3,470-0)/712
=4.87

The AES's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(3,823-0)/713
=5.36

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of €5.36 mean?
The AES (FRA:AES) has a Book Value per Share of €5.36 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on The AES and its competitors.
Is The AES's Book Value per Share too high?
The AES's current Book Value per Share is €5.36. Overall, The AES has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The AES's Book Value per Share compare to AVA and UTL?
The AES's Book Value per Share of €5.36 can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Utilities - Regulated company?
A good Book Value per Share depends on the Utilities - Regulated industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on The AES and its competitors. The AES's current Book Value per Share is €5.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The AES stock overvalued right now?
Based on GuruFocus' analysis, The AES (FRA:AES) is currently considered Fairly Valued. The stock's GF Value™ is €13.01, compared to a current price of €12.90 — trading 0.9% below its estimated fair value. The current Book Value per Share is €5.36. The AES's overall GF Score™ is 75/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For The AES (FRA:AES), the current Book Value per Share is €5.36 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The AES (FRA:AES) Overvalued in 2026?

Based on GuruFocus' analysis, The AES stock appears to be undervalued. The current stock price of €12.90 is trading 0.9% below its estimated GF Value™ of €13.01. GuruFocus considers The AES to be Fairly Valued.

Key valuation signals for FRA:AES:

  • Book Value per Share: €5.36
  • GF Value™: €13.01 vs. price of €12.90 (0.9% below fair value)
  • GF Score™: 75/100 with 9 warning signs

No single metric tells the full story. See the FRA:AES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The AES Business Description

Address 4300 Wilson Boulevard, Arlington, VA, USA, 22203
AES is a global power company that operates in 15 countries. Its generation portfolio totals over 32 gigawatts, including renewable energy, gas, coal, and oil. AES has majority ownership in and operates numerous electric utilities.
75GF Score

Get the complete analysis for FRA:AES

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€12.90
Price
€13.01
GF Value