Advanced Energy Industries, Inc. (AEIS) Key Metrics
AEIS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.53B
- Enterprise value
- $11.17B
- P/E (TTM)
- 44.1 10-yr median 26.8
- Forward P/E
- 19.7
- PEG ratio
- 2.77
- Price / sales
- 4.7 10-yr median 2.8
- Price / book
- 7.7 10-yr median 4.0
- EV / EBITDA
- 34.7 10-yr median 16.2
- Dividend yield
- 0.17% $0.40 a year
- Beta
- 1.31
AEIS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAEIS valuation Price multiples at each fiscal year-end price.
AEIS returns How much profit the business earns on the capital it uses.
AEIS per-share figures Results divided by the shares outstanding at year-end.
AEIS financial health Debt, liquidity and how easily interest is covered.
AEIS efficiency & capital use Working capital cycle and where the cash goes.
AEIS valuation history
AEIS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AEIS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AEIS cash returned to shareholders
AEIS price vs earnings per share
AEIS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.08B | $4.38B | $4.12B | $3.24B | $3.49B | $3.74B | $2.74B | $1.69B | $2.71B | $2.19B |
| Enterprise value | $7.97B | $4.32B | $4.10B | $3.26B | $3.45B | $3.69B | $2.84B | $1.35B | $2.34B | $1.93B |
| P/E ratio | 54.5 | 80.7 | 32.1 | 16.2 | 25.9 | 27.8 | 42.2 | 11.5 | 19.7 | 17.2 |
| Price / sales | 4.5 | 3.0 | 2.5 | 1.8 | 2.4 | 2.6 | 3.5 | 2.3 | 4.0 | 4.5 |
| Price / book | 5.9 | 3.6 | 3.6 | 3.0 | 4.0 | 4.6 | 4.1 | 2.8 | 5.2 | 5.6 |
| Price / free cash flow | 64.2 | 59.2 | 27.9 | 25.9 | 32.2 | 22.7 | 118.1 | 12.9 | 15.6 | 19.6 |
| Price / operating cash flow | 34.6 | 33.5 | 19.7 | 17.6 | 24.9 | 18.6 | 56.6 | 11.2 | 14.8 | 18.5 |
| EV / sales | 4.4 | 2.9 | 2.5 | 1.8 | 2.4 | 2.6 | 3.6 | 1.9 | 3.5 | 4.0 |
| EV / EBITDA | 32.2 | 29.6 | 36.1 | 10.5 | 16.8 | 15.6 | 33.2 | 7.1 | 11.2 | 14.4 |
| EV / free cash flow | 63.3 | 58.5 | 27.7 | 26.2 | 31.9 | 22.4 | 122.4 | 10.3 | 13.5 | 17.3 |
| Earnings yield | 1.8% | 1.2% | 3.1% | 6.2% | 3.9% | 3.6% | 2.4% | 8.7% | 5.1% | 5.8% |
| Free cash flow yield | 1.6% | 1.7% | 3.6% | 3.9% | 3.1% | 4.4% | 0.8% | 7.8% | 6.4% | 5.1% |
| Dividend yield | 0.2% | 0.4% | 0.4% | 0.5% | 0.4% | 0.4% | 0.6% | 0.9% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.6% | 0.4% | 1.3% | 1.3% | 2.7% | 0.7% | 0.8% | 6.5% | 1.1% | 0.0% |
| Share price at fiscal year-end | $209.37 | $115.63 | $108.92 | $85.78 | $91.06 | $96.97 | $71.20 | $42.93 | $67.48 | $54.75 |
| Per share | ||||||||||
| Revenue per share | $46.60 | $39.17 | $43.74 | $48.92 | $37.96 | $36.73 | $20.49 | $18.27 | $16.70 | $12.08 |
| Earnings per share | $3.84 | $1.43 | $3.39 | $5.29 | $3.51 | $3.49 | $1.69 | $3.74 | $3.43 | $3.18 |
| Operating cash flow per share | $6.04 | $3.46 | $5.52 | $4.87 | $3.66 | $5.22 | $1.26 | $3.84 | $4.55 | $2.96 |
| Free cash flow per share | $3.26 | $1.95 | $3.91 | $3.31 | $2.83 | $4.27 | $0.60 | $3.33 | $4.32 | $2.79 |
| Cash per share | $20.50 | $19.08 | $27.59 | $12.16 | $14.19 | $12.53 | $9.07 | $8.94 | $10.21 | $7.16 |
| Book value per share | $35.31 | $31.80 | $30.23 | $28.27 | $22.71 | $21.14 | $17.58 | $15.42 | $12.96 | $9.79 |
| Tangible book value per share | $24.46 | $20.29 | $18.46 | $15.78 | $13.02 | $11.31 | $7.53 | $11.43 | $10.79 | $8.04 |
| Dividends per share | $0.40 | $0.41 | $0.40 | $0.40 | $0.40 | $0.40 | $0.40 | $0.39 | $0.00 | $0.00 |
| Capex per share | $2.78 | $1.50 | $1.61 | $1.56 | $0.83 | $0.95 | $0.65 | $0.52 | $0.23 | $0.17 |
| Debt per share | $17.59 | $17.75 | $27.02 | $12.84 | $13.13 | $11.28 | $11.63 | $0.34 | $1.09 | $0.74 |
| Shares outstanding | 38.6M | 37.8M | 37.9M | 37.7M | 38.4M | 38.5M | 38.5M | 39.4M | 40.2M | 40.0M |
| Change in shares outstanding | +2.0% | −0.0% | +0.4% | −1.7% | −0.5% | +0.1% | −2.2% | −2.1% | +0.4% | −2.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.6% | 4.6% | 11.6% | 20.6% | 16.0% | 18.1% | 10.1% | 26.1% | 30.2% | 38.9% |
| Return on invested capital (ROIC) | 14.4% | 3.2% | 10.3% | 20.3% | 17.2% | 19.5% | 8.8% | 69.4% | 95.4% | 87.6% |
| Return on assets (ROA) | 6.2% | 2.3% | 5.6% | 10.5% | 7.8% | 8.5% | 5.5% | 19.0% | 21.1% | 24.4% |
| Return on tangible assets | 7.0% | 3.0% | 6.1% | 13.1% | 9.3% | 10.6% | 5.7% | 22.3% | 21.3% | 25.4% |
| Free cash flow margin | 7.0% | 5.0% | 8.9% | 6.8% | 7.4% | 11.6% | 2.9% | 18.2% | 25.9% | 23.1% |
| Income quality (OCF / net income) | 1.57 | 2.41 | 1.63 | 0.92 | 1.04 | 1.49 | 0.75 | 1.03 | 1.33 | 0.93 |
| Financial health | ||||||||||
| Total debt | $679.0M | $671.7M | $1.02B | $484.5M | $503.8M | $434.6M | $447.9M | $13.3M | $43.7M | $29.6M |
| Cash & short-term investments | $791.2M | $722.1M | $1.04B | $458.8M | $544.4M | $483.0M | $349.1M | $351.8M | $410.4M | $286.7M |
| Net debt | −$112.2M | −$50.4M | −$21.8M | $25.7M | −$40.6M | −$48.4M | $98.8M | −$338.5M | −$366.7M | −$257.1M |
| Debt / equity | 0.50 | 0.56 | 0.89 | 0.45 | 0.58 | 0.53 | 0.66 | 0.02 | 0.08 | 0.08 |
| Debt / assets | 0.27 | 0.30 | 0.40 | 0.24 | 0.28 | 0.26 | 0.29 | 0.02 | 0.06 | 0.05 |
| Net debt / EBITDA | −0.45 | −0.35 | −0.19 | 0.08 | −0.20 | −0.20 | 1.15 | −1.79 | −1.74 | −1.91 |
| Current ratio | 1.59 | 4.42 | 5.10 | 3.02 | 3.14 | 3.31 | 2.71 | 5.15 | 5.61 | 4.61 |
| Quick ratio | 1.17 | 3.27 | 4.10 | 2.07 | 2.23 | 2.56 | 1.99 | 4.26 | 4.87 | 4.02 |
| Interest coverage | 11.7 | 1.5 | 6.9 | 31.8 | 42.4 | 30.6 | 15.9 | — | — | — |
| Working capital | $582.7M | $1.08B | $1.38B | $795.5M | $792.0M | $683.9M | $546.4M | $458.1M | $489.1M | $343.3M |
| Invested capital | $1.25B | $1.15B | $1.12B | $1.09B | $830.2M | $766.3M | $775.5M | $268.3M | $153.9M | $135.0M |
| Tangible asset value | $944.3M | $767.8M | $698.9M | $595.3M | $499.9M | $436.4M | $290.3M | $450.5M | $433.3M | $321.9M |
| Net current asset value | $390.9M | $330.6M | $299.3M | $262.6M | $216.4M | $147.9M | $11.6M | $359.3M | $382.6M | $258.9M |
| Graham number | $55.26 | $32.02 | $48.01 | $58.02 | $42.36 | $40.77 | $25.83 | $36.00 | $31.63 | $26.49 |
| Graham net-net per share | $1.49 | $1.12 | $0.31 | −$1.42 | −$1.42 | −$1.52 | −$5.27 | $6.83 | $7.55 | $4.82 |
| Capital allocation | ||||||||||
| Dividends paid | $15.6M | $15.4M | $15.2M | $15.2M | $15.4M | $15.4M | $15.4M | $15.4M | $0 | $0 |
| Share buybacks (net) | $30.2M | $1.8M | $40.0M | $26.6M | $78.1M | $11.6M | $7.2M | $95.1M | $30.0M | $0 |
| Dividend payout ratio | 10.5% | 28.3% | 11.9% | 7.6% | 11.4% | 11.4% | 23.7% | 10.5% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 36.4% | 23.2% | 37.3% | 33.6% | 86.3% | 16.4% | 97.5% | 84.4% | 17.3% | 0.0% |
| Capex / revenue | 6.0% | 3.8% | 3.7% | 3.2% | 2.2% | 2.6% | 3.2% | 2.8% | 1.3% | 1.4% |
| Capex / operating cash flow | 46.0% | 43.4% | 29.2% | 32.1% | 22.7% | 18.1% | 52.0% | 13.4% | 4.9% | 5.7% |
| Capex / depreciation | 1.73 | 0.83 | 0.92 | 0.98 | 0.60 | 0.76 | 0.96 | 1.50 | 0.96 | 0.87 |
| Stock-based compensation / revenue | 3.1% | 3.1% | 1.9% | 1.1% | 1.1% | 0.9% | 0.9% | 1.3% | 1.9% | 1.3% |
| R&D / revenue | 12.9% | 14.3% | 12.2% | 10.4% | 11.1% | 10.2% | 12.9% | 10.6% | 8.6% | 9.2% |
| SG&A / revenue | 13.5% | 15.2% | 13.5% | 11.8% | 13.2% | 13.3% | 18.1% | 15.0% | 13.9% | 16.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 59.9 | 67.4 | 64.3 | 53.2 | 59.8 | 63.3 | 81.8 | 48.6 | 45.1 | 53.3 |
| Days of inventory on hand | 124.8 | 133.4 | 122.2 | 111.4 | 110.6 | 94.3 | 126.5 | 91.1 | 77.9 | 85.8 |
| Days payables outstanding | 59.4 | 54.7 | 53.6 | 56.8 | 63.0 | 61.8 | 81.1 | 45.4 | 54.8 | 58.2 |
| Cash conversion cycle (days) | 125.2 | 146.2 | 132.9 | 107.8 | 107.4 | 95.7 | 127.1 | 94.4 | 68.2 | 80.8 |
| Receivables turnover | 6.09 | 5.41 | 5.68 | 6.86 | 6.10 | 5.77 | 4.46 | 7.51 | 8.09 | 6.85 |
| Payables turnover | 6.14 | 6.68 | 6.81 | 6.43 | 5.79 | 5.91 | 4.50 | 8.05 | 6.66 | 6.27 |
| Inventory turnover | 2.93 | 2.74 | 2.99 | 3.28 | 3.30 | 3.87 | 2.89 | 4.00 | 4.69 | 4.26 |
| Asset turnover | 0.75 | 0.62 | 0.73 | 0.97 | 0.84 | 0.89 | 0.67 | 0.93 | 1.03 | 0.93 |
| Average receivables | $295.3M | $273.9M | $291.6M | $269.0M | $238.6M | $245.4M | $176.7M | $95.7M | $82.9M | $70.6M |
| Average payables | $183.8M | $142.7M | $156.2M | $182.1M | $159.5M | $147.9M | $105.2M | $43.9M | $47.2M | $36.8M |
| Average inventory | $385.8M | $348.3M | $356.1M | $357.2M | $279.9M | $225.7M | $164.0M | $88.2M | $67.1M | $54.2M |
| Intangibles / total assets | 16.4% | 19.2% | 17.4% | 23.6% | 20.4% | 23.0% | 25.3% | 19.2% | 11.9% | 12.3% |
Computed from AEIS's annual financial statements (latest annual report filed February 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AEIS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Advanced Energy Industries traded at 54.5 times earnings, against a 10-year median of 26.8. Based on the latest twelve months, the trailing P/E is 44.1 and the forward P/E is 19.7. Advanced Energy Industries earned a return on equity of 11.6% and a return on invested capital of 14.4% in fiscal 2025. It ended the year with $679.0 million of debt and $791.2 million in cash and short-term investments, a net cash position of $112.2 million. It returned $45.8 million to shareholders: $15.6 million in dividends and $30.2 million in share buybacks, 36% of free cash flow. The share count fell 3.6% from 40.0M to 38.6M over 9 years.
See the AEIS income statement, the AEIS chart for price history, or the AEIS stock overview for the latest quote and news.
AEIS key metrics FAQ
What is Advanced Energy Industries's P/E ratio?
Advanced Energy Industries's trailing P/E ratio is 44.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.7. At the end of fiscal 2025 it was 54.5, compared with a 10-year median of 26.8.
What is Advanced Energy Industries's EV/EBITDA?
Advanced Energy Industries's enterprise value was 32.2 times EBITDA at the end of fiscal 2025 (enterprise value $8.0 billion, EBITDA $247.4 million); the current EV/EBITDA is 34.7.
What is Advanced Energy Industries's return on equity?
Advanced Energy Industries's return on equity (ROE) was 11.6% in fiscal 2025: net income of $148.4 million on average shareholders' equity of $1.3 billion.
What is Advanced Energy Industries's ROIC?
Advanced Energy Industries's return on invested capital was 14.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Advanced Energy Industries have?
Advanced Energy Industries had total debt of $679.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.50 and more cash than debt.
What is Advanced Energy Industries's dividend yield?
Advanced Energy Industries's forward dividend yield is 0.17%. Advanced Energy Industries paid $15.6 million in dividends in fiscal 2025 ($0.40 per share), a payout ratio of 10.5%.
Does Advanced Energy Industries buy back its shares?
Yes. Advanced Energy Industries spent $30.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +2.0% over the year, to 38.6M..
What is Advanced Energy Industries's free cash flow yield?
Advanced Energy Industries generated $125.9 million of free cash flow in fiscal 2025, a free cash flow yield of 1.6% on its market value at year-end ($8.1 billion).
What is Advanced Energy Industries's current ratio?
Advanced Energy Industries's current ratio was 1.59 at the end of fiscal 2025: current assets were 1.59 times current liabilities.