# Advanced Energy Industries Inc. (AEIS) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Industrials / Electrical Equipment. Price $280.90, market value $11.3 billion.

## Valuation
- **P/E (trailing): 51.8×** (5-yr avg 41.7×, 3-yr avg 55.6×). Advanced Energy Industries Inc. trades at 51.8× trailing earnings, well above its own five-year average of 41.7×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 18.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.11**. A PEG of 0.11 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 5.5×**. Each dollar of revenue is priced at 5.5×.
- **Price / book: 7.7×**. The shares trade at 7.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 34.9×**. Enterprise value is 34.9× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 0.8%** (5-yr avg 2.8%). Free cash flow equals 0.8% of the market value, below its five-year average of 2.8%, so the shares are pricier on cash than usual.
- **Earnings yield: 1.9%**. The inverse of the P/E: 1.9% of the price is earned each year.

## Profitability
- **Gross margin: 39.3%**. Advanced Energy Industries Inc. keeps 39.3% of revenue after the direct cost of what it sells.
- **Operating margin: 13.2%**. 13.2% of revenue is left after running the business.
- **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: 12.5%**. Return on all capital, debt included, is 12.5%.
- **Return on assets: 8.6%**. Each dollar of assets produces 8.6% 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: 1.0×**. It would take 1.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 7.42**. A Z-score of 7.42 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: 0.14%** ($0.40 per share, trailing). Advanced Energy Industries Inc. yields 0.14%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 11%** (18% 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 $429.08 (+53% 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): 87.3%** (YTD 34.2%, 3-mo -4.7%). The shares are up 87.3% over twelve months including dividends.
- **From 52-week high: -29.3%** (84.9% above the low). Trading 29% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 2.66** (volatility 62%). Beta of 2.66 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.