This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. ALLETE's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $32.756. ALLETE's 10-Year median PS Ratio is 2.3452. Therefore, the Median PS Value for today is $76.82.
As of today (2024-04-25), ALLETE's share price is $59.96. ALLETE's Median PS Value is $76.82. Therefore, ALLETE's Price to Median PS Value for today is 0.78.
The historical rank and industry rank for ALLETE's Median PS Value or its related term are showing as below:
ALE'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.78 Med: 1.35 Max: 1.76
Current: 0.78
During the past 13 years, the highest Price to Median PS Value of ALLETE was 1.76. The lowest was 0.78. And the median was 1.35.
ALE's Price-to-Median-PS-Value is ranked better than 57.06% of 361
companies
in the Utilities - Regulated industry
Industry Median: 0.84
vs ALE: 0.78
ALLETE Median PS Value Historical Data
The historical data trend for ALLETE's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of ALLETE's Median PS Value
For the Utilities - Diversified subindustry, ALLETE's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ALLETE's Price-to-Median-PS-Value Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ALLETE's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where ALLETE's Price-to-Median-PS-Value falls into.
ALLETE Median PS Value Calculation
ALLETE's Median PS Value for today is calculated as
10-Year Median PS Ratio is 2.3452.
ALLETE's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $32.756.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ALLETE (NYSE:ALE) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
ALLETE's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
59.96
/
76.82
=
0.78
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ALLETE Median PS Value Related Terms
Thank you for viewing the detailed overview of ALLETE's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
ALLETE Inc is a provider of competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company's two reportable segments are 1) Regulated Operations includes the company's regulated utilities, Minnesota Power and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. 2) ALLETE Clean Energy focuses on developing, acquiring, and operating clean and renewable energy projects.
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