ALE Allete PE ratio, current and historical analysis
As of Oct 21, 2024, the Allete stock's P/E ratio is 16.71. This takes into account the latest EPS of $3.85 and stock price of $64.35. The PE ratio has increased by 18% from its last 4 quarters average of 14.2.
ALE PE ratio history
The PE ratio of Allete has averaged 19.37 over the last ten years. The current price-to-earnings ratio of 16.71 is 14% 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.
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
Currently, ALE's PE ratio is above its 3-year average, but it is under its 5 and 10-year averages.
ALE PE vs peers
ALE's PE ratio is less than its peer stocks NEE and DUK, but it is above EXC's and NWE's. Allete is currently trading at a lower PE ratio (16.71) than its peers average of 21.12.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NWE Northwestern Corp | 16.07 | $3.38B |
| EXC Exelon Corp | 16.67 | $40.54B |
| ALE Allete Inc | 16.7 | $3.71B |
| XEL Xcel Energy Inc | 18.94 | $35.37B |
| AEE Ameren Corp | 19.84 | $23.45B |
| DUK Duke Energy CORP | 21.99 | $92.21B |
| WEC Wec Energy Group Inc | 22.85 | $31.27B |
| LNT Alliant Energy Corp | 25 | $15.71B |
| NEE Nextera Energy Inc | 27.16 | $172.49B |
Frequently asked questions
What is Allete's PE ratio?
The price to earnings ratio for ALE stock is 16.71 as of Oct 21, 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 16.62.
What is the 5-year average PE ratio for Allete (ALE)?
Over the last 5 years, the average PE ratio for ALE stock is 18.01.
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 14% 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 (Oct 21, 2024), Allete's share price is $64.35. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $3.85. Therefore, Allete's price to earnings ratio for today is 16.71. PE RATIO(16.71) = STOCK PRICE($64.35) / TTM EPS($3.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.