P/E ratio for MGE Energy (MGEE)
P/E ratio as of June 2024 (TTM): 23.8
According to MGE Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.8232. At the end of 2022 the company had a P/E ratio of 23.0.
P/E ratio history for MGE Energy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.0 | -18.04% |
| 2021 | 28.1 | 4.22% |
| 2020 | 26.9 | -14.57% |
| 2019 | 31.5 | 27.77% |
| 2018 | 24.7 | 10.67% |
| 2017 | 22.3 | -25.56% |
| 2016 | 30.0 | 33.63% |
| 2015 | 22.4 | 14.02% |
| 2014 | 19.7 | 10.37% |
| 2013 | 17.8 | -2.46% |
| 2012 | 18.3 | 3.08% |
| 2011 | 17.7 | 3.58% |
| 2010 | 17.1 | 5.76% |
| 2009 | 16.2 | 16.63% |
| 2008 | 13.9 | -11.26% |
| 2007 | 15.6 | -12.43% |
| 2006 | 17.8 | -17.38% |
| 2005 | 21.6 | 6.11% |
| 2004 | 20.4 | 10.68% |
| 2003 | 18.4 | 16.11% |
| 2002 | 15.8 | -2.98% |
| 2001 | 16.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alliant Energy LNT | 19.1 | -19.64% | 🇺🇸 USA |
 Ameren
AEE | 16.7 | -30.03% | 🇺🇸 USA |
 American Electric Power AEP | 20.2 | -15.12% | 🇺🇸 USA |
 CMS Energy
CMS | 24.2 | 1.48% | 🇺🇸 USA |
 DTE Energy
DTE | 18.6 | -21.77% | 🇺🇸 USA |
 WEC Energy Group WEC | 18.3 | -23.16% | 🇺🇸 USA |
 Xcel Energy XEL | 17.2 | -27.84% | 🇺🇸 USA |
 Otter Tail OTTR | 13.4 | -43.56% | 🇺🇸 USA |
 Allete ALE | 14.5 | -39.05% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.