ALLETE (ALLETE) Price-to-Tangible-Book

: 1.25 (As of Today)

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As of today (2024-04-16), ALLETE's share price is $57.78. ALLETE's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $46.11. Hence, ALLETE's Price to Tangible Book Ratio of today is 1.25.

The historical rank and industry rank for ALLETE's Price-to-Tangible-Book or its related term are showing as below:

ALE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.25 Med: 1.57 Max: 2.06
Current: 1.25

During the past 13 years, ALLETE's highest Price to Tangible Book Ratio was 2.06. The lowest was 1.25. And the median was 1.57.

ALE's Price-to-Tangible-Book is ranked better than
63.77% of 472 companies
in the Utilities - Regulated industry
Industry Median: 1.74 vs ALE: 1.25

A closely related ratio is called PB Ratio. As of today, ALLETE's share price is $57.78. ALLETE's Book Value per Sharefor the quarter that ended in Dec. 2023 was $48.81. Hence, ALLETE's P/B Ratio of today is 1.18.

ALLETE Price-to-Tangible-Book Historical Data

The historical data trend for ALLETE's Price-to-Tangible-Book 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.

* Premium members only.

ALLETE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.88

1.41

1.46

1.45

1.33

ALLETE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																1.45	1.44	1.29	1.15	1.33

Competitive Comparison

For the Utilities - Diversified subindustry, ALLETE's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution

For the Utilities - Regulated industry and Utilities sector, ALLETE's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where ALLETE's Price-to-Tangible-Book falls into.

ALLETE Price-to-Tangible-Book Calculation

ALLETE's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	57.78	/	46.111
	=	1.25

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

ALLETE Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of ALLETE's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

ALLETE (ALLETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ALLETE Inc (NYSE:ALE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AEBA:Germany

Address

30 West Superior Street, Duluth, MN, USA, 55802-2093

Website

https://www.allete.com

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.

Executives

Joshua John Skelton	officer: VP ALLETE; COO MN Power	30 WEST SUPERIOR STREET, DULUTH MN 55802
Charles R Matthews	director	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Charlene A Thomas	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Heidi J Eddins	director	30 W. SUPERIOR STREET, DULUTH MN 55802
Barbara A Nick	director
Alan R Hodnik	director, officer: President	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Robert John Adams	officer: VP Bus. Deve. Chief Risk Offic	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Madeleine W Ludlow	director	C/O OGLEBAY NORTON COMPANY, 1001 LAKESIDE AVENUE - 15TH FLOOR, CLEVELAND OH 44114
Nicole Renee Johnson	officer: VP & Chief Admin Off	30 WEST SUPERIOR STREET, DULUTH MN 55802
Kathryn W Dindo	director	C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
Margaret A Thickens	officer: VP, CLO & Secretary	30 WEST SUPERIOR STREET, DULUTH MN 55802
James J Hoolihan	director	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Susan K Nestegard	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Robert P Powers	director	AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Steven Q Devinck	officer: Controller	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093