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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
The historical rank and industry rank for ALLETE's Net Cash per Share or its related term are showing as below:
ALE's Price-to-Net-Cash is not ranked *
in the Utilities - Regulated industry.
Industry Median: 5.58 * Ranked among companies with meaningful Price-to-Net-Cash only.
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
ALLETE Net Cash per Share Related Terms
ALLETE Net Cash per Share Historical Data
* Premium members only.
The historical data trend for ALLETE's Net Cash per Share 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 Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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-Net-Cash vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, ALLETE's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where ALLETE's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
ALLETE's Net Cash per Share for the fiscal year that ended in Dec. 2024 is calculated as
* 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 (ALE) has a Net Cash per Share of $-72.69 as of Sep. 2025. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on ALLETE and its competitors.
Is ALLETE's Net Cash per Share too high?
ALLETE's current Net Cash per Share is $-72.69. Overall, ALLETE has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does ALLETE's Net Cash per Share compare to SRE and AES?
ALLETE's Net Cash per Share of $-72.69 can be compared against companies in the Utilities - Regulated industry. The industry median Net Cash per Share is 5.58. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Utilities - Regulated company?
The median Net Cash per Share among Utilities - Regulated companies is 5.58, based on 39 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on ALLETE and its competitors. For the Utilities - Regulated industry, the median Net Cash per Share is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ALLETE's current Net Cash per Share is $-72.69. 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 (ALE) has a current Net Cash per Share of $-72.69. The stock's GF Value™ is $60.87, compared to a current price of $67.90 — trading 11.5% above its estimated fair value. The current Net Cash per Share is $-72.69. ALLETE's overall GF Score™ is 58/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For ALLETE (ALE), the current Net Cash per Share is $-72.69 as of Sep. 2025. 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 (ALE) Overvalued in 2026?
Based on GuruFocus' analysis, ALLETE stock appears to be overvalued.
The current stock price of $67.90 is trading 11.5% above its estimated GF Value™ of $60.87.
Key valuation signals for ALE:
Net Cash per Share: $-72.69
GF Value™: $60.87 vs. price of $67.90 (11.5% above fair value)
No single metric tells the full story. See the ALE 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.
58GF Score
Get the complete analysis for ALE
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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