Advanced Energy Industries (AEIS) Stock Fundamentals, Analysis & Risk Signals

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

Advanced Energy Industries

NasdaqGS•Industrials•Electrical Equipment & Parts

$256.84+4.62(0.02%)Market open

Market Cap

$9.90B

P/E

45.1x

P/S

4.9x

P/B

6.8x

Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States, Asia, Europe, and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, it provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair and maintenance services. The company offers its products through direct sales force, direct and indirect sales channels, and distributors, as well as provides warranty and non-warranty repair services. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.

How this company scores

GoodMetricSide Score: 75/100

Strongest: Profitability (23/25); weakest: Cash & Earnings Quality (11/25).

Profitability23/25

Growth23/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality11/25

Strengths

Growing revenueHigh ROERising earningsInterest easily covered

Valuation vs. 5-year range

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

P/E · 45.1x5y range 15.3x – 92.2x

Currently above its 20-quarter median.

P/S · 4.9x5y range 1.7x – 5.9x

Currently above its 20-quarter median.

P/B · 6.8x5y range 2.9x – 8.1x

Watch items

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

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $9.90B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $2.04B
Q. Revenue: $574.10M
TTM EBITDA: $331.80M
TTM Op. Income: $269.20M
Q. Op. Income: $95.10M
TTM Net Income: $219.40M
Q. Net Income: $54.10M
EPS: $1.39
Shares Out.: $38.90M

$2.04B in TTM revenue grew 24.6% YoY, reaching $574.10M last quarter. TTM EBITDA of $331.80M and TTM operating income of $269.20M show growth is flowing through to the bottom line. TTM net income of $219.40M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 41.1%
EBITDA Margin: 19.4%
Op. Margin: 16.6%
Net Margin: 9.4%

Op. margin of 16.6% is up 9.4% YoY — cost efficiency is improving. Net margin at 9.4% and gross margin of 41.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 4 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 45.1x
P/S Ratio: 4.9x
P/B Ratio: 6.8x

At 45.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.9x and P/B of 6.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 24% — an improving trend.

Assets & Liabilities

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

Total Assets: $3.43B
Cash: $1.40B
Long-Term Debt: $1.13B
Book Value: $1.46B
D/E Ratio: 0.8
Debt/EBITDA: 10.1

With $3.43B in assets and $1.13B in long-term debt, D/E is 0.8and book value is $1.46B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 72% — a weakening trend.

Cash Flow

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

Op. Cash Flow: $85.60M
TTM Free Cash Flow: $87.50M
FCF Margin: 4.3%
FCF / Net Income: 0.4

TTM FCF of $87.50M on $85.60M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 31% — an improving trend.