On 12 Nov 2026 our base value for Ameren is $76.31 a share, 32.8% below its $113.52 close; 0 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | the free cash flow base is -6.24% of market cap (floor 1%) — the terminal value carries the answer, not the cash flows |
| Exit multiple (P/E) | $76.31 | -32.8% | earnings per share $5.40 valued at 19.33× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $5.40 |
| Year 1 | -0.29% | $5.38 |
| Year 2 | 0.86% | $5.43 |
| Year 3 | 1.61% | $5.52 |
| Year 4 | 2.10% | $5.63 |
| Year 5 | 2.41% | $5.77 |
| Earnings per share in year 5 | $5.77 |
| Exit P/E (the stock's own median P/E) | 19.33× |
| Value in 5 years = earnings × P/E | $111.48 |
| Discounted at 7.88% over 5 years: ÷ 1.4608 | $76.31 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $76.31 |
One method is kept, so the base value is its value: $76.31
Base value $76.31 a share
One-year price simulation: a 10% chance the price is below $98.69 and a 10% chance it is above $148.65 in a year; a 66% chance it is higher than today's $113.52, from 15.9% volatility. The simulation assumes the price drifts up at our discount rate of 7.88% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $99.94 | $63.71 |
| 9 Oct 2026 | $102.19 | $64.05 |
| 16 Oct 2026 | $106.08 | $65.58 |
| 23 Oct 2026 | $108.04 | $65.80 |
| 30 Oct 2026 | $110.54 | $66.14 |
| 6 Nov 2026 | $112.85 | $77.17 |
| 12 Nov 2026 | $113.52 | $76.31 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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