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MGEE Mge Energy PE ratio, current and historical analysis

As of May 17, 2024, the Mge Energy stock's PE ratio is 24.52. This results from the current EPS of $3.32 and stock price of $81.41. The P/E ratio has an increase of 7% from the past four quarters average of 23.0.

MGEE PE ratio history

How has MGEE's PE ratio performed in the past

The PE ratio of Mge Energy has averaged 24.59 over the last ten years. The current PE ratio of 24.52 is comparable to the historical average. Over the past ten years, MGEE's PE ratio was at its highest in the Sep 2019 quarter at 32.08, when the stock price was $79.87 and the EPS was $2.49. The lowest value was in the Sep 2014 quarter, when it reached 16.27 with a price of $37.26 and an EPS of $2.29.

Average
24.59
Median
24.85
Minimum
16.27
Maximum
32.08

Mge Energy PE ratio by year

Maximum annual increase: 32.99% in 2016

Maximum annual decrease: -25.28% in 2017

Year PE ratio Change
2023 22.25 -2.97%
2022 22.93 -18.6%
2021 28.17 4.6%
2020 26.93 -14.24%
2019 31.4 27.28%
2018 24.67 10.23%
2017 22.38 -25.28%
2016 29.95 32.99%
2015 22.52 14.55%
2014 19.66 10.39%

MGEE average PE ratio chart

What is the average PE ratio of MGEE for the past years

Currently, MGEE's PE ratio is below the 3, 5 and 10-year averages.

3-year avg
24.72
5-year avg
25.79
10-year avg
24.59
15-year avg
22

MGEE PE vs peers

What is MGEE's PE ratio compared to its peers

MGEE's PE ratio is higher than its peer stocks AEP and XEL. Mge Energy is presently trading at a higher PE ratio (24.52) than its peer group average of 17.16.

Stock name PE ratio Market cap
OTTR Otter Tail Corp 12.54 $3.85B
ALE Allete Inc 15.02 $3.62B
XEL Xcel Energy Inc 16.67 $30.85B
AEE Ameren Corp 17.14 $19.93B
AEP American Electric Power Co Inc 17.19 $48.85B
WEC Wec Energy Group Inc 18.67 $27B
LNT Alliant Energy Corp 18.9 $13.32B
DTE Dte Energy Co 19.05 $24.13B
CMS Cms Energy Corp 19.28 $18.89B
MGEE Mge Energy Inc 24.52 $2.95B

Frequently asked questions

What is Mge Energy's PE ratio?

MGEE stock has a price to earnings ratio of 24.52 as of May 17, 2024.

What is the 3-year average PE ratio for Mge Energy (MGEE)?

The average PE ratio for MGEE stock over the past 3 years is 24.72.

What is the 5-year average PE ratio for Mge Energy (MGEE)?

The average PE ratio for MGEE stock over the past 5 years is 25.79.

What is the highest PE ratio for MGEE?

In the last ten years, the Sep 2019 quarter recorded the highest quarterly PE ratio at 32.08.

How does the current PE ratio for MGEE compare to its historical average?

MGEE's price to earnings ratio is currently 0.3% below its 10-year historical average.

How is MGEE's PE ratio calculated (Mge Energy PE ratio formula)?

The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 17, 2024), Mge Energy's stock price is $81.41. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.32. Therefore, Mge Energy's P/E ratio for today is 24.52. PE RATIO(24.52) = STOCK PRICE($81.41) / TTM EPS($3.32)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.