American Electric Power Co (WBO:AEPC) Cyclically Adjusted PS Ratio: 2.98 (As of Aug. 08, 2026) — 25% Above Median

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.

WBO:AEPC American Electric Power Co Inc WBO:AEPC
67 GF Score
Price €108.88
GF Value €100.70
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is American Electric Power Co Cyclically Adjusted PS Ratio?

American Electric Power Co WBO:AEPC 67 Cyclically Adjusted PS Ratio is 2.98 as of Aug. 08, 2026, which is 25% above its 10-year median of 2.38. GuruFocus rates WBO:AEPC with a GF Score™ of 67/100 and a GF Value™ of €100.70 (Fairly Valued). The stock has 9 warning signs investors should review. Among 441 Utilities - Regulated companies, American Electric Power Co ranks worse than 76.42% on this metric.

As of today (2026-08-08), American Electric Power Co's current share price is €108.88. American Electric Power Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €36.48. American Electric Power Co's Cyclically Adjusted PS Ratio for today is 2.98.

The historical rank and industry rank for American Electric Power Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

WBO:AEPC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.69   Med: 2.38   Max: 3.36
Current: 3.01

During the past years, American Electric Power Co's highest Cyclically Adjusted PS Ratio was 3.36. The lowest was 1.69. And the median was 2.38.

WBO:AEPC's Cyclically Adjusted PS Ratio is ranked worse than
76.42% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.43 vs WBO:AEPC: 3.01

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

American Electric Power Co's adjusted revenue per share data for the three months ended in Jun. 2026 was €8.583. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €36.48 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Electric Power Co  (WBO:AEPC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


American Electric Power Co Cyclically Adjusted PS Ratio Related Terms


American Electric Power Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for American Electric Power Co's Cyclically Adjusted PS Ratio 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.

American Electric Power Co Cyclically Adjusted PS Ratio Chart

American Electric Power Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.44 2.45 2.05 2.31 2.84

American Electric Power Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 2.56 2.77 2.84 3.18 3.29

WBO:AEPC vs D, PCG, ETR: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Electric subindustry, American Electric Power Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


American Electric Power Co Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, American Electric Power Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where American Electric Power Co's Cyclically Adjusted PS Ratio falls into.


WBO:AEPC
67GF Score
American Electric Power Co Inc WBO:AEPC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

American Electric Power Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

American Electric Power Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=108.88/36.48
=2.98

* 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.

American Electric Power Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, American Electric Power Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=8.583/333.9520*333.9520
=8.583

Current CPI (Jun. 2026) = 333.9520.

American Electric Power Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.428 241.428 11.658
201612 7.305 241.432 10.104
201703 7.474 243.801 10.238
201706 6.461 244.955 8.808
201709 6.986 246.819 9.452
201712 6.529 246.524 8.844
201803 6.658 249.554 8.910
201806 6.961 251.989 9.225
201809 7.518 252.439 9.946
201812 6.757 251.233 8.982
201903 7.261 254.202 9.539
201906 6.384 256.143 8.323
201909 7.908 256.759 10.285
201912 6.563 256.974 8.529
202003 6.829 258.115 8.835
202006 6.239 257.797 8.082
202009 6.940 260.280 8.904
202012 5.958 260.474 7.639
202103 7.219 264.877 9.102
202106 6.340 271.696 7.793
202109 7.818 274.310 9.518
202112 7.113 278.802 8.520
202203 8.214 287.504 9.541
202206 8.520 296.311 9.602
202209 10.831 296.808 12.186
202212 8.933 296.797 10.051
202303 8.498 301.836 9.402
202306 7.818 305.109 8.557
202309 9.599 307.789 10.415
202312 7.957 306.746 8.663
202403 8.764 312.332 9.371
202406 8.024 314.175 8.529
202409 9.152 315.301 9.693
202412 8.399 315.605 8.887
202503 9.451 319.799 9.869
202506 8.222 322.561 8.512
202509 9.519 324.800 9.787
202512 8.394 324.054 8.650
202603 9.519 330.213 9.627
202606 8.583 333.952 8.583

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 2.98 mean?
American Electric Power Co (WBO:AEPC) has a Cyclically Adjusted PS Ratio of 2.98 as of Aug. 08, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on American Electric Power Co and its competitors. This is 25% above median its historical median of 2.38. Over the past decade, American Electric Power Co's Cyclically Adjusted PS Ratio has ranged from 1.69 to 3.36. According to the industry distribution chart, American Electric Power Co ranks #337 out of 441 companies in the Utilities - Regulated industry, placing it in the top 76.4%.
Is American Electric Power Co's Cyclically Adjusted PS Ratio too high?
American Electric Power Co's current Cyclically Adjusted PS Ratio of 2.98 is 25% above median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 3.36. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.43. American Electric Power Co's value of 2.98 is 108.4% above this industry median. Based on the distribution chart, American Electric Power Co ranks #337 out of 441 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, American Electric Power Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Electric Power Co's Cyclically Adjusted PS Ratio compare to D and PCG?
According to the Utilities - Regulated industry distribution chart, American Electric Power Co ranks #337 out of 441 companies for Cyclically Adjusted PS Ratio. This places American Electric Power Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.43. American Electric Power Co's value of 2.98 is 108.4% above this benchmark. Historically, American Electric Power Co's own Cyclically Adjusted PS Ratio has ranged from 1.69 to 3.36 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 1.43, American Electric Power Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.43, based on 441 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Electric Power Co's current Cyclically Adjusted PS Ratio of 2.98 is 108.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on American Electric Power Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Electric Power Co's current Cyclically Adjusted PS Ratio is 2.98, which is 25% above median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, American Electric Power Co (WBO:AEPC) is currently considered Fairly Valued. The stock's GF Value™ is €100.70, compared to a current price of €108.88 — trading 8.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.98, which is 25% above median its 10-year median of 2.38 and 108.4% above the Utilities - Regulated industry median of 1.43. American Electric Power Co's overall GF Score™ is 67/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For American Electric Power Co (WBO:AEPC), the current Cyclically Adjusted PS Ratio is 2.98 as of Aug. 08, 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 American Electric Power Co (WBO:AEPC) Overvalued in 2026?

Based on GuruFocus' analysis, American Electric Power Co stock appears to be overvalued. The current stock price of €108.88 is trading 8.1% above its estimated GF Value™ of €100.70. GuruFocus considers American Electric Power Co to be Fairly Valued.

Key valuation signals for WBO:AEPC:

  • Cyclically Adjusted PS Ratio: 2.98 (25% above median its 10-year median of 2.38)
  • GF Value™: €100.70 vs. price of €108.88 (8.1% above fair value)
  • GF Score™: 67/100 with 9 warning signs
  • Industry Position: 108.4% above the Utilities - Regulated median (#337 of 441)

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


American Electric Power Co Business Description

Address 1 Riverside Plaza, Columbus, OH, USA, 43215-2373
American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 39% of AEP's capacity is coal, with the remainder from a mix of natural gas (28%), renewable energy and hydro (23%), nuclear (7%), and demand response (3%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.
67GF Score

Get the complete analysis for WBO:AEPC

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€108.88
Price
€100.70
GF Value