Ameren (AEE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ameren

NYSE•Utilities•Utilities - Regulated Electric

$103.90+0.86(0.01%)Pre-market

Market Cap

$28.76B

P/E

18.3x

P/S

3.3x

P/B

2.1x

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution business and natural gas transmission and distribution business. The company also generates electricity through coal, nuclear, and natural gas, as well as renewable energy, including hydroelectric, wind, methane gas, and solar energy centers. It serves residential, commercial, and industrial customers. Ameren Corporation was founded in 1881 and is headquartered in Saint Louis, Missouri.

How this company scores

AverageMetricSide Score: 49/100

Strongest: Profitability (20/25); weakest: Cash & Earnings Quality (3/25).

Profitability20/25

Growth17/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality3/25

Strengths

Strong marginsRising earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 18.3x5y range 16.1x – 23.9x

Currently near its 20-quarter median.

P/S · 3.3x5y range 2.5x – 4.4x

Currently near its 20-quarter median.

P/B · 2.1x5y range 1.6x – 2.5x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 4 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Watch

Shares outstanding rose 3.7% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $28.76B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.75B
Q. Revenue: $2.09B
TTM EBITDA: $2.18B
TTM Op. Income: $2.18B
Q. Op. Income: $459.00M
TTM Net Income: $1.57B
Q. Net Income: $316.00M
EPS: $1.14
Shares Out.: $276.80M

$8.75B in TTM revenue grew 3.8% YoY, reaching $2.09B last quarter. TTM EBITDA of $2.18B and TTM operating income of $2.18B show growth is flowing through to the bottom line. TTM net income of $1.57B means revenue is converting into profit. Over the past year, TTM revenue is up 4% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 21.9%
Op. Margin: 21.9%
Net Margin: 15.1%

Op. margin of 21.9% is up 3.4% YoY — cost efficiency is improving. Net margin at 15.1% Over the past year, operating margin is up 19% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 18.3x
P/S Ratio: 3.3x
P/B Ratio: 2.1x

At 18.3x P/E, the stock trades within typical market levels. P/S of 3.3x and P/B of 2.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 13% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $51.22B
Cash: $12.00M
Long-Term Debt: $19.06B
Book Value: $13.69B
D/E Ratio: 1.4
Debt/EBITDA: 41.5

With $51.22B in assets and $19.06B in long-term debt, D/E is 1.4and book value is $13.69B — moderate leverage. Over the past year, debt/equity is down 9% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $770.00M
TTM Free Cash Flow: $-1.40B
FCF Margin: -16.0%
FCF / Net Income: -0.9

TTM FCF of $-1.40B on $770.00M in operating cash flow. The FCF / Net Income ratio of -0.9x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.