MGEE (MGE Energy) Construction In Progress: $372.6 Mil (As of Jun. 2026)

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MGEE MGE Energy Inc MGEE
75 GF Score
Price $79.32
GF Value $86.89
Valuation Fairly Valued
! 4 Warning Signs
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What is MGE Energy Construction In Progress?

MGE Energy MGEE +0.81% 75 Construction In Progress is $372.6 Mil as of Jun. 2026. GuruFocus rates MGEE with a GF Score™ of 75/100 and a GF Value™ of $86.89 (Fairly Valued). The stock has 4 warning signs investors should review.

MGE Energy's quarterly construction in progress increased from Dec. 2025 ($293.0 Mil) to Mar. 2026 ($326.4 Mil) and increased from Mar. 2026 ($326.4 Mil) to Jun. 2026 ($372.6 Mil).

MGE Energy's annual construction in progress increased from Dec. 2023 ($110.1 Mil) to Dec. 2024 ($138.2 Mil) and increased from Dec. 2024 ($138.2 Mil) to Dec. 2025 ($293.0 Mil).

MGE Energy Construction In Progress Historical Data

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The historical data trend for MGE Energy's Construction In Progress 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.

MGE Energy Construction In Progress Chart

MGE Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.60 105.75 110.09 138.21 292.97

MGE Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 102.65 219.94 292.97 326.40 372.63
MGEE
75GF Score
MGE Energy Inc MGEE
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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MGE Energy Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $372.6 Mil mean?
MGE Energy (MGEE) has a Construction In Progress of $372.6 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on MGE Energy and its competitors.
Is MGE Energy's Construction In Progress too high?
MGE Energy's current Construction In Progress is $372.6 Mil. Overall, MGE Energy has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGE Energy's Construction In Progress compare to HE and NWE?
MGE Energy's Construction In Progress of $372.6 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Regulated company?
A good Construction In Progress depends on the Utilities - Regulated industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on MGE Energy and its competitors. MGE Energy's current Construction In Progress is $372.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGE Energy stock overvalued right now?
Based on GuruFocus' analysis, MGE Energy (MGEE) is currently considered Fairly Valued. The stock's GF Value™ is $86.89, compared to a current price of $79.32 — trading 8.7% below its estimated fair value. The current Construction In Progress is $372.6 Mil. MGE Energy's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For MGE Energy (MGEE), the current Construction In Progress is $372.6 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MGE Energy (MGEE) Overvalued in 2026?

Based on GuruFocus' analysis, MGE Energy stock appears to be undervalued. The current stock price of $79.32 is trading 8.7% below its estimated GF Value™ of $86.89. GuruFocus considers MGE Energy to be Fairly Valued.

Key valuation signals for MGEE:

  • Construction In Progress: $372.6 Mil
  • GF Value™: $86.89 vs. price of $79.32 (8.7% below fair value)
  • GF Score™: 75/100 with 4 warning signs

No single metric tells the full story. See the MGEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MGE Energy Business Description

Address 133 South Blair Street, Madison, WI, USA, 53788
MGE Energy provides electric service to 170,000 customers and natural gas service to 180,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings.
75GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$79.32
Price
$86.89
GF Value