P/E ratio for Allete (ALE)

P/E ratio history for Allete from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Alliant Energy LNT	24.3	61.94%	🇺🇸 USA
Xcel Energy XEL	22.7	51.31%	🇺🇸 USA
WEC Energy Group WEC	23.3	55.88%	🇺🇸 USA
Duke Energy DUK	81.0	440.62%	🇺🇸 USA
Exelon Corporation EXC	18.2	21.31%	🇺🇸 USA
Ameren AEE	22.0	46.83%	🇺🇸 USA
Atlantic Power Corporation AT	N/A	N/A	🇺🇸 USA
Nextera Energy NEE	20.2	34.61%	🇺🇸 USA
NorthWestern Corporation NWE	18.9	26.01%	🇺🇸 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.