MGE Energy
MGEE
#3460
Rank
C$4.47 B
Marketcap
$123.59
Share price
0.46%
Change (1 day)
21.52%
Change (1 year)

P/E ratio for MGE Energy (MGEE)

P/E ratio as of November 2024 (TTM): 27.2

According to MGE Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.2271. 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
202223.0-18.04%
202128.14.22%
202026.9-14.57%
201931.527.77%
201824.710.67%
201722.3-25.56%
201630.033.63%
201522.414.02%
201419.710.37%
201317.8-2.46%
201218.33.08%
201117.73.58%
201017.15.76%
200916.216.63%
200813.9-11.26%
200715.6-12.43%
200617.8-17.38%
200521.66.11%
200420.410.68%
200318.416.11%
200215.8-2.98%
200116.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
21.8-19.94%๐Ÿ‡บ๐Ÿ‡ธ USA
26.8-1.53%๐Ÿ‡บ๐Ÿ‡ธ USA
20.0-26.54%๐Ÿ‡บ๐Ÿ‡ธ USA
20.8-23.65%๐Ÿ‡บ๐Ÿ‡ธ USA
21.9-19.58%๐Ÿ‡บ๐Ÿ‡ธ USA
22.4-17.87%๐Ÿ‡บ๐Ÿ‡ธ USA
14.8-45.55%๐Ÿ‡บ๐Ÿ‡ธ USA
20.0-26.59%๐Ÿ‡บ๐Ÿ‡ธ USA
11.8-56.50%๐Ÿ‡บ๐Ÿ‡ธ 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.