What is the price-to-earnings ratio of ALLETE?
The price-earnings ratio of ALLETE is currently 2.28.
ALLETE P/S 2024
ALLETE P/S
2.28
Ticker
ALE
ISIN
US0185223007
WKN
A0DJ2T
As of Oct 6, 2024, ALLETE's P/S ratio stood at 2.28, a 28.81% change from the 1.77 P/S ratio recorded in the previous year.
The ALLETE P/S history
ALLETE Aktienanalyse
What does ALLETE do?
ALLETE Inc. is an American company specializing in the energy industry, headquartered in Duluth, Minnesota. The company was founded in 1906 and has since undergone impressive development. Today, it is a big player in the energy industry and supplies electricity and gas to around half a million customers. Business model ALLETE Inc.'s business model focuses on the distribution of energy products and services. The company operates various business areas, including energy generation and transmission, as well as supply of electricity and gas, alternative energy sources, and technology and engineering services. History ALLETE Inc. was originally founded as "Minnesota Power Company" and initially only provided electricity to customers in Duluth and surrounding communities. Over the years, the company expanded and acquired other utility companies in the Upper Midwest, particularly in Minnesota and Wisconsin. Today, ALLETE Inc. also owns hydrogen and wind energy facilities that promote alternative energy generation. Segments The company has four main business segments, including the energy market, specialty services, renewable energy, and real estate. These business segments are organized to focus on the core business and ensure that the company continues to grow and follow current trends. Each segment has its own objectives. Products and services ALLETE Inc. offers a range of energy products and services, including: Energy - ALLETE Inc. produces and distributes various types of energy, including electricity and gas, and supplies around 50,000 customers in Minnesota and Wisconsin. The company utilizes a portfolio of different energy generation methods. Alternative Energies - ALLETE Inc. invests in alternative energy projects, including hydrogen and wind energy. Hydrogen has the potential to become a key element of clean energy supply, and ALLETE Inc. has already put a hydrogen production facility into operation. The company has also established numerous wind farms, which play a significant role in large corporations. Technology Services - ALLETE Inc. leverages its expertise to develop and offer technological innovations and services for the energy industry. With the growing market and increasing demand for sustainable energy and technology solutions, we see ALLETE Inc. as a key partner in the energy industry in the future. Real Estate - The company is also involved in the real estate business and owns a variety of industrial buildings and properties, mostly in regions that provide strategic value for energy supply. These properties are typically focused on long-term lease agreements, contributing to the maintenance of stable revenue growth. Conclusion: In the energy industry, ALLETE Inc. has not only gained decades of experience but also played a significant role in the clean energy transition and the development of digital technologies. With its various business segments and products, the company achieves solid revenues and is thus one of the key players in the industry in the United States. ALLETE ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/S Details
Decoding ALLETE's P/S Ratio
ALLETE's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.
Year-to-Year Comparison
Comparing ALLETE's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.
Impact on Investments
The P/S ratio is instrumental for investors evaluating ALLETE's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.
Interpreting P/S Ratio Fluctuations
Variations in ALLETE’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.
Frequently Asked Questions about ALLETE stock
How has the price-earnings ratio of ALLETE changed compared to last year?
The price-to-earnings ratio of ALLETE has increased by 28.81% increased compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of ALLETE high compared to other companies?
Yes, the price-to-earnings ratio of ALLETE is high compared to other companies.
How does an increase in the price-earnings ratio of ALLETE affect the company?
An increase in the price-earnings ratio of ALLETE would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of ALLETE affect the company?
A decrease in the price-earnings ratio of ALLETE would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of ALLETE?
Some factors that influence the price-earnings ratio of ALLETE are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does ALLETE pay?
Over the past 12 months, ALLETE paid a dividend of 2.71 USD . This corresponds to a dividend yield of about 4.22 %. For the coming 12 months, ALLETE is expected to pay a dividend of 2.75 USD.
What is the dividend yield of ALLETE?
The current dividend yield of ALLETE is 4.22 %.
When does ALLETE pay dividends?
ALLETE pays a quarterly dividend. This is distributed in the months of December, March, June, September.
How secure is the dividend of ALLETE?
ALLETE paid dividends every year for the past 25 years.
What is the dividend of ALLETE?
For the upcoming 12 months, dividends amounting to 2.75 USD are expected. This corresponds to a dividend yield of 4.29 %.
In which sector is ALLETE located?
ALLETE is assigned to the 'Utilities' sector.
Wann musste ich die Aktien von ALLETE kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of ALLETE from 9/1/2024 amounting to 0.705 USD, you needed to have the stock in your portfolio before the ex-date on 8/15/2024.
When did ALLETE pay the last dividend?
The last dividend was paid out on 9/1/2024.
What was the dividend of ALLETE in the year 2023?
In the year 2023, ALLETE distributed 2.6 USD as dividends.
In which currency does ALLETE pay out the dividend?
The dividends of ALLETE are distributed in USD.
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Andere Kennzahlen von ALLETE
Our stock analysis for ALLETE Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of ALLETE Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
