P/E ratio for Allete (ALE)
P/E ratio as of April 2024 (TTM): 13.8
According to Allete's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8426. At the end of 2022 the company had a P/E ratio of 19.0.
P/E ratio history for Allete from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 19.0 | -7.63% |
| 2021 | 20.5 | 11.43% |
| 2020 | 18.4 | -18.47% |
| 2019 | 22.6 | 0.56% |
| 2018 | 22.5 | 2.5% |
| 2017 | 21.9 | 7.64% |
| 2016 | 20.4 | 17.06% |
| 2015 | 17.4 | -8.13% |
| 2014 | 18.9 | 0.29% |
| 2013 | 18.9 | 19.44% |
| 2012 | 15.8 | 0.24% |
| 2011 | 15.8 | -6.82% |
| 2010 | 16.9 | -2.05% |
| 2009 | 17.3 | 51.1% |
| 2008 | 11.4 | -10.66% |
| 2007 | 12.8 | -24.31% |
| 2006 | 16.9 | -81.15% |
| 2005 | 89.8 | 801.62% |
| 2004 | 9.96 | -11.87% |
| 2003 | 11.3 | -15.8% |
| 2002 | 13.4 | -2.68% |
| 2001 | 13.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Alliant Energy LNT | 19.1 | 37.78% | 🇺🇸 USA |
 Ameren
AEE | 17.3 | 24.64% | 🇺🇸 USA |
 Exelon Corporation EXC | 17.5 | 26.52% | 🇺🇸 USA |
 WEC Energy Group WEC | 18.9 | 36.74% | 🇺🇸 USA |
 Nextera Energy NEE | 17.5 | 26.58% | 🇺🇸 USA |
 Duke Energy DUK | 69.2 | 399.58% | 🇺🇸 USA |
 Xcel Energy XEL | 17.5 | 26.35% | 🇺🇸 USA |
 NorthWestern Corporation
NWE | 16.8 | 21.08% | 🇺🇸 USA |
 Atlantic Power Corporation
AT | N/A | N/A | 🇺🇸 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.