# Advanced Energy Industries Inc. (AEIS) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Industrials / Electrical Equipment. Price $238.10, market value $9.5 billion.

## Valuation
- **P/E (trailing): 34.1×** (5-yr avg 41.7×, 3-yr avg 55.6×). Advanced Energy Industries Inc. trades at 34.1× trailing earnings, close to its own five-year average of 41.7×. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 13.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.08**. A PEG of 0.08 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 4.2×**. Each dollar of revenue is priced at 4.2×.
- **Price / book: 6.6×**. The shares trade at 6.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 23.1×**. Enterprise value is 23.1× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 0.7%** (5-yr avg 2.8%). Free cash flow equals 0.7% of the market value, below its five-year average of 2.8%, so the shares are pricier on cash than usual.
- **Earnings yield: 2.9%**. The inverse of the P/E: 2.9% of the price is earned each year.

## Profitability
- **Gross margin: 40.3%**. Advanced Energy Industries Inc. keeps 40.3% of revenue after the direct cost of what it sells.
- **Operating margin: 16.0%**. 16.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 8.2%**. 8.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.9%**. 10.9% on shareholders' equity is solid.
- **Return on invested capital: 16.8%**. Return on all capital, debt included, is 16.8%: comfortably above what that capital costs.
- **Return on assets: 11.3%**. Each dollar of assets produces 11.3% of profit.

## Growth
- **Revenue growth (1 yr): 21.4%** (3-yr -0.8%/yr, 5-yr 4.9%/yr). Revenue grew 21.4% over the last year, against 4.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 168.5%** (3-yr -10.1%/yr, 5-yr 1.9%/yr). Earnings per share rose 168.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 0.3%/yr**. Free cash flow has compounded at 0.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.83**. Debt is 0.83 times equity, moderate leverage.
- **Net debt / EBITDA: 0.8×**. It would take 0.8 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.59** (quick 1.59). Current assets cover the next year's liabilities 1.59 times.
- **Altman Z-score: 6.82**. A Z-score of 6.82 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 0.17%** ($0.40 per share, trailing). Advanced Energy Industries Inc. yields 0.17%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 11%** (23% of free cash flow). 11% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.

## Analyst view
- **Analyst consensus: strong_buy** (12 analysts). 12 analysts cover Advanced Energy Industries Inc.; the consensus is strong_buy, with an average price target of $415.00 (+74% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 7.3%** (YTD 3.8%, 3-mo -26.7%). The shares are up 7.3% over twelve months including dividends.
- **From 52-week high: -40.1%** (26.8% above the low). Trading 40% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 35**. An RSI of 35 is neutral.
- **Beta (1 yr): 2.74** (volatility 65%). Beta of 2.74 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AEIS · Page: https://foliofundamentals.com/stocks/aeis

Not investment advice.