The article suggests that AEP's lower P/E ratio compared to the industry average could be interpreted as a sign of undervaluation, which might interest investors in the short term. However, the P/E ratio is just one metric, and the stock's recent decline over the past year indicates that there may be underlying concerns affecting its performance. The positive monthly performance could be a sign of a turnaround, but investors should be cautious and consider other financial metrics and industry trends before making investment decisions.