TLN vs CEG vs AEP Stock Comparison

Talen Energy, Constellation Energy and American Electric Power Prices as of Oct 27, 2026 Peers: Industry group
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TLN Talen Energy Corp
$345.73 +13.6% 1M -15.1% 1Y
Market cap
$15.98B
P/E
–
Revenue (TTM)
$3.44B
Div. yield
–
Independent Power Producers Utilities
2 wins

Head to Head

10 decided of 12

American Electric Power leads on 5 of the 12 questions below (American Electric Power 5, Constellation Energy 3, Talen Energy 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTLNCEGAEPLeader
Larger companyMarket capitalisation $15.98B $93.04B $70.30B CEG
Cheaper on earningsLower P/E, profitable companies only -86.4x 26.9x 25.5x AEP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.2x 20.9x 21.7x TLN
Faster revenue growthRevenue growth, trailing twelve months +60.8% +26.0% +10.3% TLN
More profitableNet margin, trailing twelve months -5.4% 11.1% 12.1% AEP
Better return on capitalReturn on invested capital 0.9% 5.5% 5.5% AEP
Less leveragedLower net debt / EBITDA 19.3x 2.9x 6.0x CEG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -15.1% -33.8% +12.0% AEP
Better 5-year returnAnnualised price return, 5 years — — +9.0%/yr –
Less volatileAnnualised volatility, 1 year 57.2% 48.6% 19.4% AEP
Higher overall scoreMean of the five percentile scores vs peers 43/100 70/100 40/100 CEG

Percentile Scorecard

TLNCEGAEP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTLNCEGAEP
Valuation 26 #18 of 24 61 #10 of 24 23 #52 of 67
Growth 59 #10 of 23 96 #2 of 23 64 #24 of 65
Profitability 36 #15 of 23 86 #4 of 23 58 #27 of 63
Financial Health 9 #22 of 24 48 #13 of 24 26 #47 of 63
Shareholder Returns 84 #4 of 20 58 #9 of 20 29 #48 of 67
Overall 43 70 40
  • TLN ranked among 24 companies in Power Generation
  • CEG ranked among 24 companies in Power Generation
  • AEP ranked among 67 companies in Regulated Utilities

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTLNCEGAEPSPY
1 month +13.6%-1.6%+10.1% -0.2%
3 months +6.0%-0.3%-2.0% +3.9%
6 months -4.3%-15.3%-3.9% +8.2%
Year to date -7.8%-26.7%+13.0% +12.9%
1 year -15.1%-33.8%+12.0% +12.3%
3 years +552.3%+133.8%+73.9% +87.4%
3 years, per year +86.9%+32.7%+20.3% +23.3%
5 years ——+53.8% +67.9%
5 years, per year ——+9.0% +10.9%
10 years ——+106.2% +261.1%
10 years, per year ——+7.5% +13.7%

Risk

MeasureTLNCEGAEPSPY
Volatility, 1Y 57.2%48.6%19.4% 12.7%
Downside volatility, 1Y 61.7%50.1%19.2% 12.7%
Beta vs S&P 500, 1Y 2.041.44-0.07 1.00
Return / volatility, 1Y -0.26-0.700.62 0.97
Max drawdown, 5Y -35.7%-50.8%-32.2% -25.4%
From 52-week high -21.1%-35.5%-6.0% -1.2%
52-week high $438.12$401.43$138.69 $779.14
52-week low $286.52$236.50$113.70 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTLNCEGAEP
P/E now vs peer median -85.8xmedian 25.0x 26.9xmedian 25.0x 25.7xmedian 20.9x
P/S now vs peer median 4.8xmedian 2.8x 2.9xmedian 2.8x 3.1xmedian 2.9x
EV/EBITDA now vs peer median 53.6xmedian 11.5x 14.0xmedian 11.5x 14.1xmedian 13.2x
P/FCF now vs peer median 29.2xmedian 13.6x 297.5xmedian 13.6x -12.3xmedian 36.9x
P/B now vs peer median 10.1xmedian 2.1x 2.9xmedian 2.1x 2.1xmedian 1.7x
PEG now vs peer median —median 0.60 0.45median 0.60 2.78median 2.31

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTLNCEGAEP
Revenue $3.44B $31.27B $22.79B
Gross profit – – $15.43B
Operating income $88.00M $4.60B $5.24B
Net income -$185.00M $3.48B $3.07B
Free cash flow $568.00M $309.00M -$5.75B
EPS (diluted) $-4.03 $9.63 $5.02
Cash & equivalents $231.00M $697.00M $375.00M
Total debt $9.57B $24.70B $52.84B
Shares (diluted) 45.90M 360.00M 550.63M
Enterprise value $13.54B $83.94B $67.47B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTLNCEGAEP
P/E -85.8x 26.9x 25.7x
P/FCF 29.2x 297.5x -12.3x
P/Operating cash flow 20.8x 21.9x 9.2x
P/S 4.8x 2.9x 3.1x
P/B 10.1x 2.9x 2.1x
P/Tangible book 10.1x 2.9x 2.1x
EV/EBITDA 53.6x 14.0x 14.1x
EV/EBIT 294.3x 25.2x 23.5x
EV/Revenue 7.5x 3.7x 5.4x
EV/FCF 45.6x 375.2x -21.4x
EV/Operating cash flow 32.5x 27.6x 16.0x
PEG (3Y EPS CAGR) – 0.45 2.78

Growth

14 metrics
MetricTLNCEGAEP
Revenue growth (1Y) 60.8% 26.0% 10.3%
Revenue CAGR (3Y) – 5.8% 5.4%
Gross profit growth (1Y) – – 8.1%
Gross profit CAGR (3Y) – – 7.8%
Operating income growth (1Y) -34.3% 19.7% 2.2%
Operating income CAGR (3Y) – 111.3% 19.5%
Net income growth (1Y) -206.9% 15.2% -17.4%
Net income CAGR (3Y) – 66.0% 15.7%
EPS growth (1Y) -203.2% 0.4% 5.2%
EPS CAGR (3Y) – 59.2% 9.2%
Operating cash flow growth (1Y) 1,121% 822.4% 17.1%
Operating cash flow CAGR (3Y) – 42.4% 22.6%
Free cash flow growth (1Y) 422.7% 112.9% -63.5%
Free cash flow CAGR (3Y) – 26.9% -19.1%

Profitability

14 metrics
MetricTLNCEGAEP
Gross margin – – 67.7%
EBITDA margin 14.1% 26.4% 38.4%
Operating margin 2.6% 14.7% 23.0%
Pretax margin -3.6% 16.3% 15.4%
Net margin -5.4% 11.1% 12.1%
FCF margin 16.5% 1.0% -25.2%
Operating cash flow margin 23.2% 13.5% 33.8%
Return on equity -13.6% 10.6% 9.6%
Return on assets -1.4% 3.6% 2.7%
Return on invested capital 0.9% 5.5% 5.5%
Return on capital employed 0.8% 5.4% 5.0%
Asset turnover 0.3x 0.3x 0.2x
Cash conversion (OCF / net income) -4.3x 1.2x 2.5x
Stock comp / revenue 2.8% – –

Financial Health

11 metrics
MetricTLNCEGAEP
Debt / assets 63.5% 25.1% 43.5%
Debt / equity 5.8x 0.8x 1.6x
Net debt / EBITDA 19.3x 2.9x 6.0x
Debt / FCF 16.9x 79.9x -9.2x
Liabilities / assets 89.1% 67.5% 72.6%
Equity / assets 10.9% 32.5% 27.4%
Interest coverage 0.2x 5.9x 2.4x
Current ratio 0.8x 1.5x 0.5x
Quick ratio 0.4x 0.6x 0.3x
Cash ratio 0.2x 0.1x 0.0x
Altman Z-score 0.88 1.49 0.93

Shareholder Returns

7 metrics
MetricTLNCEGAEP
Dividend yield – 0.6% 2.9%
Net buyback yield 1.8% – –
Shareholder yield 1.8% 0.6% 2.9%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTLNCEGAEP
Forward P/E 17.2xFY2026 20.9xFY2026 21.7xFY2026
EPS, next fiscal year $20.11FY2026 $12.40FY2026 $6.01FY2026
EPS growth, next FY – +32.1%FY2026 +0.7%FY2026
EPS growth, the year after +60.6% +12.1% +19.0%
Revenue, next fiscal year $4.61BFY2026 $31.54BFY2026 $23.09BFY2026
Revenue growth, next FY +78.8%FY2026 +23.5%FY2026 +5.5%FY2026
Revenue growth, the year after +4.7% +7.0% +3.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTLNCEGAEP
Held by institutions 100.0% 79.8% 92.1%
Institutions holding 637 1,843 1,984
Change in shares held, QoQ +5.4% +2.9% +13.2%
Institutions buying 379 1,002 1,064
Institutions selling 190 579 584
Buyers to sellers 1.99 1.73 1.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TLNCEGAEP
TLN 1.00 0.79 0.12
CEG 0.79 1.00 0.25
AEP 0.12 0.25 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TLN, CEG and AEP?

Constellation Energy (CEG) is the largest by market capitalisation: Talen Energy (TLN) $15.98B, Constellation Energy (CEG) $93.04B, American Electric Power (AEP) $70.30B.

Which stock is cheaper, TLN, CEG and AEP?

American Electric Power (AEP) trades on the lowest price-to-earnings ratio (Talen Energy (TLN) -86.4x, Constellation Energy (CEG) 26.9x, American Electric Power (AEP) 25.5x). On next year's consensus earnings, Talen Energy (TLN) is cheapest (Talen Energy (TLN) 17.2x, Constellation Energy (CEG) 20.9x, American Electric Power (AEP) 21.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Talen Energy (TLN) grew revenue fastest over the trailing twelve months: Talen Energy (TLN) +60.8%, Constellation Energy (CEG) +26.0%, American Electric Power (AEP) +10.3%.

Which company is more profitable?

American Electric Power (AEP) has the highest net margin (Talen Energy (TLN) -5.4%, Constellation Energy (CEG) 11.1%, American Electric Power (AEP) 12.1%). On return on invested capital, American Electric Power (AEP) leads (Talen Energy (TLN) 0.9%, Constellation Energy (CEG) 5.5%, American Electric Power (AEP) 5.5%).

Which stock has performed better?

Over the past year American Electric Power (AEP) returned the most: Talen Energy (TLN) -15.1%, Constellation Energy (CEG) -33.8%, American Electric Power (AEP) +12.0%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, American Electric Power (AEP) has been the steadiest (Talen Energy (TLN) 57.2%, Constellation Energy (CEG) 48.6%, American Electric Power (AEP) 19.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TLN, CEG and AEP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, American Electric Power (AEP) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.