Allete
ALE
#3196
Rank
A$5.76 B
Marketcap
$99.68
Share price
-0.26%
Change (1 day)
18.65%
Change (1 year)

P/E ratio for Allete (ALE)

P/E ratio as of November 2024 (TTM): 15.1

According to Allete's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.0625. 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
202219.0-7.63%
202120.511.43%
202018.4-18.47%
201922.60.56%
201822.52.5%
201721.97.64%
201620.417.06%
201517.4-8.13%
201418.90.29%
201318.919.44%
201215.80.24%
201115.8-6.82%
201016.9-2.05%
200917.351.1%
200811.4-10.66%
200712.8-24.31%
200616.9-81.15%
200589.8801.62%
20049.96-11.87%
200311.3-15.8%
200213.4-2.68%
200113.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
22.9 51.86%๐Ÿ‡บ๐Ÿ‡ธ USA
21.7 44.15%๐Ÿ‡บ๐Ÿ‡ธ USA
22.6 50.03%๐Ÿ‡บ๐Ÿ‡ธ USA
78.8 423.08%๐Ÿ‡บ๐Ÿ‡ธ USA
17.8 18.13%๐Ÿ‡บ๐Ÿ‡ธ USA
21.5 42.42%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
19.7 30.49%๐Ÿ‡บ๐Ÿ‡ธ USA
18.3 21.73%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.