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	22.7	51.86%	🇺🇸 USA
Xcel Energy XEL	21.5	43.90%	🇺🇸 USA
WEC Energy Group WEC	21.9	46.09%	🇺🇸 USA
Duke Energy DUK	76.0	407.47%	🇺🇸 USA
Exelon Corporation EXC	17.0	13.74%	🇺🇸 USA
Ameren AEE	20.7	38.06%	🇺🇸 USA
Atlantic Power Corporation AT	N/A	N/A	🇺🇸 USA
Nextera Energy NEE	19.1	27.76%	🇺🇸 USA
NorthWestern Corporation NWE	17.4	15.94%	🇺🇸 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.