Allete Overview
Valuation check: ALE's P/E ratio is 34.14, above the Utilities sector average of 18.27.
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+ Follow34.14
The P/E ratio compares a company's stock price to its earnings per share. A lower P/E ratio may indicate that the stock is undervalued.
As of the most recent data, ALE shows a P/E ratio of 34.14. That is above the Utilities sector average of 18.27. Scroll down for historical charts and peer comparison views.
The Utilities sector average P/E ratio is about 18.27. Allete is at 34.14, which is higher that average. That is roughly 86.8% above the sector mean. Use the comparison chart on this page to see how ALE stacks up against individual peers as well.
Investors watch ALE's P/E ratio because it compresses price and fundamentals into one number that is easy to compare across companies and over time. Allete's latest reading is 34.14. Combining that with growth, ROE, and debt metrics usually beats relying on a single multiple.
Besides this p/e ratio page, Stockcircle has Allete's full stock overview, other financial metrics, insider and congress trade tabs, and tools to follow the stock. Together they help you connect P/E ratio (currently 34.14) with ownership activity and broader fundamentals.
The Utilities average P/E ratio is about 18.27, while ALE is at 34.14. Typical ranges vary by sub-industry, so always sanity-check against the closest competitors, not just the whole sector bucket.
