As of May 7, 2024, the Allete stock's P/E ratio is 14.64. This takes into account the latest EPS of $4.31 and stock price of $63.1. The PE ratio has decreased by 8% from its last 4 quarters average of 15.9.
The PE ratio of Allete has averaged 19.46 over the last ten years. The current price-to-earnings ratio of 14.64 is 25% 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.
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% |
Currently, ALE's PE ratio is under its 3, 5 and 10-year averages.
ALE's PE ratio is below its peer stocks NEE and DUK. Allete is currently trading at a lower PE ratio (14.64) than its peers average of 18.89.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ALE Allete Inc | 14.56 | $3.61B |
| NWE Northwestern Corp | 15.83 | $3.13B |
| EXC Exelon Corp | 16.26 | $37.72B |
| XEL Xcel Energy Inc | 16.58 | $30.68B |
| AEE Ameren Corp | 17.13 | $19.91B |
| WEC Wec Energy Group Inc | 18.51 | $26.78B |
| LNT Alliant Energy Corp | 18.65 | $13.15B |
| NEE Nextera Energy Inc | 19.71 | $149B |
| DUK Duke Energy CORP | 25.61 | $78.66B |
The price to earnings ratio for ALE stock is 14.64 as of May 7, 2024.
Over the last 3 years, the average PE ratio for ALE stock is 17.9.
Over the last 5 years, the average PE ratio for ALE stock is 18.76.
The highest quarterly PE ratio in the last ten years has been 24.92 and it was in the Sep 2018 quarter.
ALE's price to earnings ratio is currently 25% below its 10-year historical average.
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 (May 7, 2024), Allete's share price is $63.1. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $4.31. Therefore, Allete's price to earnings ratio for today is 14.64. PE RATIO(14.64) = STOCK PRICE($63.1) / TTM EPS($4.31)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.