ALLETE, Inc.

ALLETE, Inc. - PE Ratioverified

ALE

Price:

$67.9

Market Cap:

$3.94B

ALLETE, Inc., an energy enterprise established in 1906 and headquartered in Duluth, Minnesota (originally known as Minnesota Power, Inc. until its name change in May 2001), conducts its business through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. The company produces electricity utilizing diverse sources such as coal-fired, biomass co-fired/natural gas, hydroelectric, wind, and solar technologies. It delivers regulated utility services, providing electricity to approximately 145,000 retail customers and 15 non-affiliated municipal entities in northeastern Minnesota, alongside serving around 15,000 electric, 13,000 natural gas, and 10,000 water clients in nort...[Read more]

Industry

Diversified Utilities

IPO Date

1973-05-03

Stock Exchange

NYSE

Ticker

ALE

The PE Ratio as of June 2026 (TTM) for ALLETE, Inc. (ALE) is 23.82

According to ALLETE, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 23.82. This represents a change of -4.61% compared to the average of 24.97 of the last 4 quarters.

ALLETE, Inc. (ALE) Historical PE Ratio (quarterly & annually)

How has ALE PE Ratio performed in the past?

The mean historical PE Ratio of ALLETE, Inc. over the last ten years is 19.78. The current 23.82 PE Ratio has changed 11.94% with respect to the historical average. Over the past ten years (40 quarters), ALE's PE Ratio was at its highest in in the September 2019 quarter at 36.21. The PE Ratio was at its lowest in in the September 2023 quarter at 8.82.

Quarterly (TTM)
Annual

Average

19.78

Median

20.46

Minimum

14.18

Maximum

22.57

ALLETE, Inc. (ALE) PE Ratio by Quarter and Year

Discovering the peaks and valleys of ALLETE, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 47.04%

Maximum Annual PE Ratio = 22.57

Minimum Annual Increase = -25.55%

Minimum Annual PE Ratio = 14.18

Quarterly (TTM)
Annual
YearPE RatioChange
202420.8547.04%
202314.18-25.55%
202219.05-7.29%
202120.5511.35%
202018.45-18.22%
201922.570.48%
201822.462.39%
201721.947.64%
201620.3817.06%
201517.41-8.13%

ALLETE, Inc. (ALE) Average PE Ratio

How has ALE PE Ratio performed in the past?

The current PE Ratio of ALLETE, Inc. (ALE) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

18.03

5-year avg

18.62

10-year avg

19.78

ALLETE, Inc. (ALE) PE Ratio vs. Peers

How is ALE’s PE Ratio compared to its peers?

ALLETE, Inc.’s PE Ratio is greater than MGE Energy, Inc. (19.47), less than Northwestern Energy Group Inc (25.60), less than ATCO Ltd. (49.43), less than ATCO Ltd. (49.43), greater than Black Hills Corporation (18.85), greater than Iren S.p.A. (11.65), greater than Otter Tail Corporation (13.06), greater than Avista Corporation (15.78), greater than China Suntien Green Energy Corporation Limited (21.06), less than Canadian Utilities Limited (513.00),

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