Based on the latest data from Oct 22, 2026, MGEE's PE to growth ratio sits at 1.44. This metric combines a PE of 18.24 with an earnings growth rate of 12.7%. Relative to the 1.75 average from the past four quarters, the PEG ratio has declined by 18%.
Looking at the past ten years, MGEE's PEG ratio has has been around 5.37 on average. At 1.44, today's PEG ratio sits 73% less than its historical average. Within the past ten years, the Mar 2020 quarter saw the highest PEG reading at 31.96. At 0.58, the Sep 2018 quarter represented the lowest PEG ratio in this timeframe.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 1.8 | 21.08 | 11.7% |
| 2024 | 11.29 | 28.22 | 2.5% |
| 2023 | 3.77 | 22.25 | 5.9% |
| 2022 | 4.5 | 22.93 | 5.1% |
| 2021 | 2.29 | 28.17 | 12.3% |
| 2020 | 7.48 | 26.93 | 3.6% |
| 2019 | 9.52 | 31.4 | 3.3% |
| 2018 | N/A | 24.67 | -13.8% |
| 2017 | 0.76 | 22.38 | 29.4% |
| 2016 | 5.16 | 29.95 | 5.8% |
| 2015 | N/A | 22.52 | -11.2% |
| 2014 | 2.66 | 19.66 | 7.4% |
| 2013 | 1.11 | 17.81 | 16.1% |
| 2012 | 3.2 | 18.26 | 5.7% |
| 2011 | 3.28 | 17.72 | 5.4% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jun 2026 | 1.58 | 20.03 | 12.7% |
| Mar 2026 | 1.88 | 19.77 | 10.5% |
| Dec 2025 | 1.8 | 21.08 | 11.7% |
| Sep 2025 | 1.74 | 22.75 | 13.1% |
| Jun 2025 | 1.86 | 24.5 | 13.2% |
| Mar 2025 | 3.98 | 26.26 | 6.6% |
| Dec 2024 | 11.29 | 28.22 | 2.5% |
| Sep 2024 | N/A | 27.97 | -0.3% |
| Jun 2024 | 26.02 | 23.42 | 0.9% |
| Mar 2024 | 2.01 | 23.71 | 11.8% |
| Dec 2023 | 3.77 | 22.25 | 5.9% |
| Sep 2023 | 1.35 | 20.89 | 15.5% |
| Jun 2023 | 2.58 | 25.03 | 9.7% |
| Mar 2023 | 12.45 | 26.15 | 2.1% |
| Dec 2022 | 4.5 | 22.93 | 5.1% |
MGEE's PEG ratio today is lower than the 3, 5 and 10-year averages.
With a PEG of 1.44, MGEE stands higher than the Utilities sector and the industry average. Looking at the Utilities sector average of 1.21, Mge Energy's PEG is 19% higher.
Relative to its peers, MGEE's PEG ratio is lower than XEL's yet above AEE's.
MGEE's Oct 22, 2026 PEG ratio comes in at 1.44.
Across the past 3 years, MGEE's PEG ratio has averaged at 5.59.
Across the past 5 years, MGEE's PEG ratio has averaged at 5.48.
In the last ten years, MGEE's peak PEG ratio of 31.96 occurred in the Mar 2020 quarter.
MGEE currently has a PEG ratio 73% below its 10-year average.
The PEG ratio derives from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Oct 22, 2026, Mge Energy has a PE ratio of 18.24. Earnings grew at 12.7% over the TTM period ending Jun 2026. Applying the formula, this gives a PEG ratio of 1.44. PEG RATIO(1.44) = PE RATIO(18.24) / EPS GROWTH(12.7%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.