P/E ratio for Allete (ALE)

P/E ratio history for Allete from 2001 to 2025

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	23.2	-5.26%	🇺🇸 USA
Ameren AEE	19.5	-20.60%	🇺🇸 USA
Exelon Corporation EXC	17.0	-30.70%	🇺🇸 USA
WEC Energy Group WEC	22.7	-7.49%	🇺🇸 USA
Nextera Energy NEE	19.8	-19.06%	🇺🇸 USA
Duke Energy DUK	19.5	-20.37%	🇺🇸 USA
Xcel Energy XEL	22.1	-9.92%	🇺🇸 USA
NorthWestern Energy NWE	34.4	40.43%	🇺🇸 USA
Atlantic Power Corporation AT	N/A	N/A	🇺🇸 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.