Algonquin Power & Utilities Corp. (AQN) P/E Ratio History
UndervaluedTrading at 24.4x vs 5Y avg 34.8x · 55th percentile · Below historical baseline · Data 2009–2026
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P/E Ratio Analysis
As of July 8, 2026, Algonquin Power & Utilities Corp. (AQN) trades at a price-to-earnings ratio of 24.4x, with a stock price of $5.61 and trailing twelve-month earnings per share of $0.22.
The current P/E is 30% below its 5-year average of 34.8x. Over the past five years, AQN's P/E has ranged from a low of 10.8x to a high of 210.7x, placing the current valuation at the 55th percentile of its historical range.
Compared to the Utilities sector median P/E of 19.4x, AQN trades at a 26% premium to its sector peers. The sector includes 111 companies with P/E ratios ranging from 0.0x to 169.9x.
Relative to the broader market, AQN trades roughly in line with the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AQN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AQN Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AQN P/E vs Peers
Renewable Utilities and Asset Owners peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 17.3 | 3.76 | +4% | |
| $6B | 19.1 | 1.92 | -8% | |
| $4B | 24.1 | - | -19% | |
| $4B | 13.9 | 0.61 | -9% | |
| $3B | 22.3 | 3.01 | +12% | |
| $184B | 26.9 | 1.55 | -2% | |
| $10B | 11.6Lowest | 0.15Best | -47% | |
| $7B | 23.6 | 0.52 | +89%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AQN Historical P/E Data (2009–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $6.14 | $0.21 | 29.2x | -69% |
| FY2025 Q4 | Dec 31 2025 | $6.15 | $0.22 | 27.9x | -70% |
| FY2024 Q2 | Jun 30 2024 | $5.86 | $0.16 | 36.6x | -61% |
| FY2023 Q4 | Dec 31 2023 | $6.32 | $0.03 | 210.7x | +123% |
| FY2022 Q2 | - | $13.43 | $0.15 | 89.4x | -5% |
| FY2022 Q1 | - | $15.52 | $0.40 | 38.5x | -59% |
| FY2021 Q4 | Dec 31 2021 | $14.45 | $0.35 | 41.9x | -56% |
| FY2021 Q3 | - | $14.66 | $0.97 | 15.2x | -84% |
| FY2021 Q2 | Jun 30 2021 | $14.88 | $1.10 | 13.5x | -86% |
| FY2021 Q1 | Mar 31 2021 | $15.84 | $1.47 | 10.8x | -89% |
| FY2020 Q4 | - | $16.46 | $1.33 | 12.4x | -87% |
| FY2020 Q3 | Sep 30 2020 | $14.54 | $0.83 | 17.5x | -81% |
| FY2020 Q2 | - | $12.94 | $0.97 | 13.3x | -86% |
| FY2020 Q1 | - | $13.40 | $0.75 | 17.9x | -81% |
| FY2019 Q4 | - | $14.15 | $1.04 | 13.6x | -86% |
| FY2019 Q3 | Sep 30 2019 | $13.70 | $0.80 | 17.1x | -82% |
| FY2019 Q2 | Jun 30 2019 | $12.11 | $0.69 | 17.6x | -81% |
| FY2019 Q1 | Mar 31 2019 | $11.27 | $0.52 | 21.7x | -77% |
| FY2018 Q4 | Dec 31 2018 | $10.05 | $0.39 | 25.8x | -73% |
| FY2018 Q3 | Sep 30 2018 | $10.36 | $0.41 | 25.3x | -73% |
| FY2018 Q2 | Jun 30 2018 | $9.67 | $0.41 | 23.6x | -75% |
| FY2018 Q1 | Mar 31 2018 | $9.92 | $0.36 | 27.6x | -71% |
| FY2017 Q4 | Dec 31 2017 | $11.16 | $0.37 | 30.2x | -68% |
| FY2017 Q3 | Sep 30 2017 | $10.57 | $0.35 | 29.8x | -68% |
| FY2017 Q2 | Jun 30 2017 | $10.54 | $0.27 | 38.6x | -59% |
| FY2017 Q1 | Mar 31 2017 | $9.58 | $0.24 | 39.1x | -59% |
| FY2016 Q4 | Dec 31 2016 | $8.48 | $0.30 | 27.8x | -71% |
| FY2016 Q3 | Sep 30 2016 | $8.97 | $0.30 | 29.5x | -69% |
| FY2016 Q2 | - | $9.22 | $0.30 | 30.4x | -68% |
| FY2016 Q1 | - | $8.40 | $0.30 | 28.2x | -70% |
| FY2015 Q4 | - | $7.88 | $0.32 | 24.8x | -74% |
| FY2015 Q3 | Sep 30 2015 | $6.85 | $0.32 | 21.2x | -78% |
| FY2015 Q2 | - | $7.47 | $0.26 | 28.8x | -69% |
| FY2015 Q1 | - | $7.32 | $0.26 | 28.2x | -70% |
| FY2014 Q4 | Dec 31 2014 | $8.28 | $0.27 | 30.7x | -67% |
| FY2014 Q3 | - | $7.91 | $0.23 | 34.8x | -63% |
| FY2014 Q2 | Jun 30 2014 | $7.65 | $0.27 | 28.0x | -70% |
| FY2014 Q1 | Mar 31 2014 | $7.05 | $0.13 | 52.6x | -44% |
| FY2013 Q4 | - | $6.83 | $0.08 | 82.8x | -12% |
| FY2013 Q3 | Sep 30 2013 | $6.24 | $0.06 | 110.4x | +17% |
| FY2013 Q2 | Jun 30 2013 | $6.68 | $0.04 | 187.1x | +98% |
| FY2013 Q1 | Mar 31 2013 | $7.29 | $0.16 | 46.0x | -51% |
| FY2012 Q4 | Dec 31 2012 | $6.85 | $0.09 | 76.2x | -19% |
| FY2012 Q3 | Sep 30 2012 | $6.75 | $0.00 | 3214.3x | +3307% |
| FY2012 Q2 | Jun 30 2012 | $6.47 | $0.15 | 42.1x | -55% |
| FY2012 Q1 | Mar 31 2012 | $5.78 | $0.19 | 31.0x | -67% |
| FY2011 Q4 | Dec 31 2011 | $6.28 | $0.22 | 28.8x | -69% |
| FY2011 Q3 | Sep 30 2011 | $5.50 | $0.43 | 12.7x | -87% |
| FY2011 Q2 | - | $5.85 | $0.29 | 19.9x | -79% |
| FY2011 Q1 | - | $5.36 | $0.20 | 27.0x | -71% |
| FY2010 Q4 | Dec 31 2010 | $5.04 | $0.19 | 27.1x | -71% |
| FY2010 Q3 | - | $4.46 | $0.34 | 13.3x | -86% |
| FY2010 Q2 | Jun 30 2010 | $3.85 | $0.49 | 7.9x | -92% |
| FY2010 Q1 | Mar 31 2010 | $4.39 | $0.68 | 6.5x | -93% |
| FY2009 Q4 | - | $3.86 | $0.68 | 5.7x | -94% |
Average P/E for displayed period: 94.3x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AQN — Frequently Asked Questions
Quick answers to the most common questions about buying AQN stock.
What is AQN's P/E ratio?
Algonquin Power & Utilities Corp. (AQN) trailing twelve-month P/E ratio is 24.4x, based on TTM diluted EPS of $0.22. The 5-year average P/E is 34.8x and the historical range spans 10.8x to 210.7x.
Is AQN stock overvalued or undervalued?
AQN trades at 24.4x P/E, below its 5-year average of 34.8x. At the 55th percentile of its historical range (10.8x–210.7x), the stock is priced at a discount to its own history.
Is AQN stock expensive?
No, AQN is not expensive on a historical basis. The current P/E of 24.4x is below the 5-year average of 34.8x and sits at the 55th percentile of its valuation range.
What is AQN's historical P/E range?
Over the past 5 years, AQN's P/E ratio has ranged from 10.8x to 210.7x, with a median of 21.7x and an average of 34.8x. The current P/E of 24.4x places the stock at the 55th percentile of this range. Full historical data spans 2009–2026.
How does AQN's P/E compare to the S&P 500?
AQN trades at 24.4x P/E versus the S&P 500 median of 25.9x. The 6% discount to the market suggests lower growth expectations or perceived higher risk.
How does AQN's valuation compare to Utilities peers?
Algonquin Power & Utilities Corp. P/E of 24.4x compares to the Utilities sector median of 19.4x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AQN's PEG ratio?
AQN PEG ratio is N/A, based on a P/E of 24.4x and EPS growth of 112.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is AQN's earnings yield?
AQN earnings yield is 4.10%, the inverse of its 24.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.