As of 2026-04-11, the Relative Valuation of ALLETE Inc (ALE) is 49.90 USD. This relative valuation is based on P/E multiples. With the latest stock price at 67.90 USD, the upside of ALLETE Inc based on Relative Valuation is -26.5%.
The range of the Relative Valuation is 34.38 - 67.19 USD.
| Range | Selected | |
| Trailing P/E multiples | 21.7x - 23.6x | 22.5x |
| Forward P/E multiples | 19.4x - 20.6x | 20.0x |
| Fair Price | 34.38 - 67.19 | 49.90 |
| Upside | -49.4% - -1.0% | -26.5% |
| Date | P/E |