Is Ameren (AEE) overvalued or fairly valued?

MarketChacha shows Ameren's valuation in context — a trailing P/E of about 18.5, a forward P/E of about 18.3, a price-to-book of about 2.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Ameren's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.28×) from reported figures — education, not a rating.

What is Ameren's revenue?

Ameren reported revenue of $8.8B for FY2025, with net profit of $1.5B, per official filings.

What is the share price of Ameren (AEE)?

Ameren last traded at $106.47 (+0.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Ameren

AEE · NYSE · Utilities · United States

Snapshot

TickerAEE

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Electric

CountryUnited States

Employees8,913

HeadquartersSaint Louis, United States

Websitewww.amereninvestors.com

Filings tracked24

About Ameren

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.

Who owns it

Insiders0.3%
Institutions90.2%
Public & other9.5%

1,262 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.33%
Price (T.Rowe) Associates Inc7.45%
Vanguard Capital Management LLC6.52%
Vanguard Portfolio Management LLC5.78%
State Street Corporation5.48%
T. Rowe Price Investment Management, Inc.4.38%
Geode Capital Management, LLC2.82%
Franklin Resources, Inc.2.20%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.28×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend15.4% → 16.6%

Margin has expanded by about 1.2 points — the business is getting more profitable.

Growth qualityrev 8% · PAT 12%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.0B · EPS 0.69

Est. earnings growth -9.2%

Next fiscal year

Rev $9.7B · EPS 5.83

Est. earnings growth +7.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$8.8B

Net margin

16.6%

ROE

10.9%

Revenue CAGR (2y)

+8.3%

Profit CAGR (2y)

+12.4%

EPS (FY2025)

5.35

Net profit (FY2025)

$1.5B

Ask MarketChacha about AEE

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$8.8B	$1.5B	5.35	16.6%	10.9%
FY2024	$7.6B	$1.2B	4.42	15.6%	9.8%
FY2023	$7.5B	$1.2B	4.38	15.4%	10.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$2.1B	$316.0M	1.13	15.1%
2026Q1	$2.2B	$358.0M	1.28	16.5%
2025Q3	$2.7B	$641.0M	2.35	23.7%
2025Q2	$2.2B	$277.0M	1.01	12.5%
2025Q1	$2.1B	$290.0M	1.07	13.8%
2024Q3	$2.2B	$457.0M	1.70	21.0%
2024Q2	$1.7B	$260.0M	0.97	15.4%
2024Q1	$1.8B	$262.0M	0.98	14.4%
2023Q3	$2.1B	$494.0M	1.87	24.0%
2023Q2	$1.8B	$239.0M	0.90	13.6%
2023Q1	$2.1B	$265.0M	1.00	12.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC8/4/2026material
10-Q filing
SEC8/3/2026
8-K — Results of operations, Other events, Exhibits
SEC7/30/2026material
8-K — Other events, Exhibits
SEC6/29/2026material
8-K — Other events
SEC6/26/2026material
8-K — Shareholder vote results
SEC5/18/2026material
10-Q filing
SEC5/8/2026
8-K — Results of operations, Other events, Exhibits
SEC5/5/2026material
8-K — Other events, Exhibits
SEC3/4/2026material
8-K — Other events, Exhibits
SEC2/27/2026material
10-K filing
SEC2/18/2026
8-K — Results of operations, Other events, Exhibits
SEC2/11/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC2/9/2026material

2025

8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC12/15/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC12/10/2025material
8-K — Other events
SEC11/24/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Other events, Exhibits
SEC11/5/2025material
8-K — Executive/director change, Exhibits
SEC10/14/2025material
8-K — Executive/director change
SEC10/3/2025material
8-K — Other events, Exhibits
SEC9/26/2025material
8-K — Other events, Exhibits
SEC8/7/2025material
10-Q filing
SEC8/4/2025
8-K — Results of operations, Other events, Exhibits
SEC7/31/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.