Allete
ALE
$59.02
Share price
-0.92%
Change (1 day)
-5.26%
Change (1 year)
Categories
Allete (ALE) - P/B ratio
P/B ratio as of April 2024 : 1.00
According to Allete's latest financial reports the company has a price-to-book ratio of 1.00.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.
Allete - P/B ratio (from 2001 to 2023)
P/B ratio by year
| Year | P/B ratio | Change |
|---|---|---|
| 2023-12-31 | 1.03 | -6.3% |
| 2022-12-31 | 1.10 | -6.98% |
| 2021-12-31 | 1.18 | 2.98% |
| 2020-12-31 | 1.15 | -35.99% |
| 2019-12-31 | 1.80 | -1.36% |
| 2018-12-31 | 1.82 | -0.78% |
| 2017-12-31 | 1.84 | 9.41% |
| 2016-12-31 | 1.68 | 22.47% |
| 2015-12-31 | 1.37 | -12.82% |
| 2014-12-31 | 1.57 | 2.15% |
| 2013-12-31 | 1.54 | 14.38% |
| 2012-12-31 | 1.34 | -6.1% |
| 2011-12-31 | 1.43 | 5.72% |
| 2010-12-31 | 1.35 | 10.54% |
| 2009-12-31 | 1.23 | 0.45% |
| 2008-12-31 | 1.22 | -24.77% |
| 2007-12-31 | 1.62 | -22.85% |
| 2006-12-31 | 2.10 | -3.39% |
| 2005-12-31 | 2.18 | 26.78% |
| 2004-12-31 | 1.72 | -6.22% |
| 2003-12-31 | 1.83 | 16.13% |
| 2002-12-31 | 1.58 |
P/B ratio for similar companies or competitors
| Company | P/B ratio | differencediff. | Country |
|---|---|---|---|
 Alliant Energy LNT | 1.88 | 87.52% | 🇺🇸 USA |
 Ameren
AEE | 1.71 | 71.07% | 🇺🇸 USA |
 Exelon Corporation EXC | 1.45 | 44.72% | 🇺🇸 USA |
 WEC Energy Group WEC | 2.13 | 112.85% | 🇺🇸 USA |
 Nextera Energy NEE | 2.35 | 134.55% | 🇺🇸 USA |
 Duke Energy DUK | 1.50 | 50.09% | 🇺🇸 USA |
 Xcel Energy XEL | 1.70 | 69.95% | 🇺🇸 USA |
 NorthWestern Corporation
NWE | 1.09 | 9.03% | 🇺🇸 USA |