As of 2026-09-11, the Relative Valuation of ALLETE Inc (ALE) is 47.90 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 -29.5%.
The range of the Relative Valuation is 28.91 - 64.68 USD.
| Range | Selected | |
| Trailing P/E multiples | 21.4x - 22.7x | 22.0x |
| Forward P/E multiples | 16.3x - 20.3x | 18.6x |
| Fair Price | 28.91 - 64.68 | 47.90 |
| Upside | -57.4% - -4.7% | -29.5% |
| Date | P/E |