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ALE Allete PE ratio, current and historical analysis

As of Jul 22, 2024, the Allete stock's P/E ratio is 15.44. This takes into account the latest EPS of $4.18 and stock price of $64.53. The PE ratio has increased by 7% from its last 4 quarters average of 14.4.

ALE PE ratio history

How has ALE's PE ratio performed in the past

The PE ratio of Allete has averaged 19.33 over the last ten years. The current price-to-earnings ratio of 15.44 is 20% less than the historical average. Analyzing the last ten years, ALE's PE ratio reached its highest point in the Sep 2018 quarter at 24.92, when the price was $75.01 and the EPS was $3.01. The lowest point was recorded in the Sep 2023 quarter, when it reached 12.22 with a price of $52.8 and an EPS of $4.32.

Average
19.33
Median
20.24
Minimum
12.22
Maximum
24.92

Allete PE ratio by year

Maximum annual increase: 17.06% in 2016

Maximum annual decrease: -25.67% in 2023

Year PE ratio Change
2023 14.19 -25.67%
2022 19.09 -7.06%
2021 20.54 5.44%
2020 19.48 -13.84%
2019 22.61 0.58%
2018 22.48 2.46%
2017 21.94 7.65%
2016 20.38 17.06%
2015 17.41 -8.13%
2014 18.95 0.32%

ALE average PE ratio chart

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

Currently, ALE's PE ratio is under its 3, 5 and 10-year averages.

3-year avg
17.1
5-year avg
18.36
10-year avg
19.33
15-year avg
18.59

ALE PE vs peers

What is ALE's PE ratio compared to its peers

ALE's PE ratio is below its peer stocks NEE and DUK. Allete is currently trading at a lower PE ratio (15.44) than its peers average of 18.87.

Stock name PE ratio Market cap
ALE Allete Inc 15.44 $3.72B
EXC Exelon Corp 15.51 $35.99B
NWE Northwestern Corp 16.16 $3.2B
XEL Xcel Energy Inc 16.59 $30.69B
AEE Ameren Corp 17.29 $20.1B
WEC Wec Energy Group Inc 17.93 $25.93B
NEE Nextera Energy Inc 19.69 $148.89B
LNT Alliant Energy Corp 20 $14.1B
DUK Duke Energy CORP 27.07 $83.16B

Frequently asked questions

What is Allete's PE ratio?

The price to earnings ratio for ALE stock is 15.44 as of Jul 22, 2024.

What is the 3-year average PE ratio for Allete (ALE)?

Over the last 3 years, the average PE ratio for ALE stock is 17.1.

What is the 5-year average PE ratio for Allete (ALE)?

Over the last 5 years, the average PE ratio for ALE stock is 18.36.

What is the highest PE ratio for ALE?

The highest quarterly PE ratio in the last ten years has been 24.92 and it was in the Sep 2018 quarter.

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

ALE's price to earnings ratio is currently 20% below its 10-year historical average.

How is ALE's PE ratio calculated (Allete PE ratio formula)?

The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jul 22, 2024), Allete's share price is $64.53. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.18. Therefore, Allete's price to earnings ratio for today is 15.44. PE RATIO(15.44) = STOCK PRICE($64.53) / TTM EPS($4.18)

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