As of 2026-04-05, the Relative Valuation of ALLETE Inc (ALE) is 49.42 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 -27.2%.
The range of the Relative Valuation is 33.99 - 67.19 USD.
| Range | Selected | |
| Trailing P/E multiples | 21.3x - 23.6x | 22.4x |
| Forward P/E multiples | 19.2x - 20.2x | 19.7x |
| Fair Price | 33.99 - 67.19 | 49.42 |
| Upside | -49.9% - -1.0% | -27.2% |
| Date | P/E |