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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, ALLETE's enterprise value is €5,597 Mil.
ALLETE's EBITDA for the trailing twelve months (TTM) ended in Sep. 2025 was €428 Mil. Therefore, ALLETE's EV-to-EBITDA for today is 13.08.
The historical rank and industry rank for ALLETE's EV-to-EBITDA or its related term are showing as below:
FRA:AEBA'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.88 Med: 12.39 Max: 15.04
Current: 13.9
During the past 13 years, the highest EV-to-EBITDA of ALLETE was 15.04. The lowest was 9.88. And the median was 12.39.
FRA:AEBA's EV-to-EBITDA is not ranked
in the Utilities - Regulated industry.
Industry Median: 9.97
vs FRA:AEBA: 13.90
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-07-30), ALLETE's stock price is €57.50.
ALLETE's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 was €2.597. Therefore, ALLETE's PE Ratio (TTM) for today is 22.14.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
ALLETE (FRA:AEBA) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ALLETE's share price for today is €57.50.
ALLETE's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.597.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for ALLETE's EV-to-EBITDA 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.
For the Utilities - Diversified subindustry, ALLETE's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ALLETE's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ALLETE's EV-to-EBITDA falls into.
ALLETE's current Enterprise Value is €5,597 Mil.
ALLETE's EBITDA for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €428 Mil.
* 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 (FRA:AEBA) has a EV-to-EBITDA of 13.08 as of Jul. 30, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on ALLETE. This is near median its historical median of 12.39. Over the past decade, ALLETE's EV-to-EBITDA has ranged from 9.88 to 15.04.
Is ALLETE's EV-to-EBITDA too high?
ALLETE's current EV-to-EBITDA of 13.08 is near median its 10-year median of 12.39. Over the past 10 years, this metric has ranged from a low of 9.88 to a high of 15.04. The Utilities - Regulated industry median EV-to-EBITDA is 9.97. ALLETE's value of 13.08 is 31.2% above this industry median. Overall, ALLETE has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does ALLETE's EV-to-EBITDA compare to SRE and AES?
ALLETE's EV-to-EBITDA of 13.08 can be compared against companies in the Utilities - Regulated industry. The industry median EV-to-EBITDA is 9.97. ALLETE's value of 13.08 is 31.2% above this benchmark. Historically, ALLETE's own EV-to-EBITDA has ranged from 9.88 to 15.04 over the past decade. While the company's 10-year median is 12.39 vs. the industry median of 9.97, ALLETE has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.97, based on 467 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ALLETE's current EV-to-EBITDA of 13.08 is 31.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on ALLETE. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ALLETE's current EV-to-EBITDA is 13.08, which is near median its own 10-year median of 12.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALLETE stock overvalued right now?
ALLETE (FRA:AEBA) has a current EV-to-EBITDA of 13.08. The stock's GF Value™ is €51.55, compared to a current price of €57.50 — trading 11.5% above its estimated fair value. The current EV-to-EBITDA is 13.08, which is near median its 10-year median of 12.39 and 31.2% above the Utilities - Regulated industry median of 9.97. ALLETE's overall GF Score™ is 26/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For ALLETE (FRA:AEBA), the current EV-to-EBITDA is 13.08 as of Jul. 30, 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 ALLETE (FRA:AEBA) Overvalued in 2026?
Based on GuruFocus' analysis, ALLETE stock appears to be overvalued.
The current stock price of €57.50 is trading 11.5% above its estimated GF Value™ of €51.55.
Key valuation signals for FRA:AEBA:
EV-to-EBITDA: 13.08 (near median its 10-year median of 12.39)
GF Value™: €51.55 vs. price of €57.50 (11.5% above fair value)
Industry Position: 31.2% above the Utilities - Regulated median
No single metric tells the full story. See the FRA:AEBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ALLETE Inc provides competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company has two reportable segments. The first segment is Regulated Operations, which includes the company's regulated utilities, Minnesota Power and SWL&P, as well as its investment in ATC. ATC is a regulated utility based in Wisconsin that owns and maintains electric transmission assets in parts of Wisconsin, Michigan, Minnesota, and Illinois. The second segment is ALLETE Clean Energy, which focuses on developing, acquiring, and operating clean and renewable energy projects.
26GF Score
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