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Friday 6 November 2026 Export MGEE’s income statement to Excel — free account

MGE Energy Inc.

MGEE Utilities Utilities Regulated Electric

MGE Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $743.7 million, up 9.85% from fiscal 2024.

Revenue
+8.38%
EPS
+22.1%
Free cash flow
+122.2%
Total debt
+4.33%

Quarter to September 2026, against a year earlier

78.34 0.75 +0.97%
Market cap
$3.0B
P/E
18.1×
Fwd P/E
18.7×
Dividend yield
2.47%
F-score
6/9
Altman Z
1.69
Beneish M
−2.54
Dividend safety
52/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

MGE Energy Inc. (MGEE) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, MGE Energy Inc. (MGEE) trades at a P/B ratio of 2.0×. Over the past ten years it has ranged from 1.8× (September 2026) to 3.3× (February 2020); the current reading is higher than 2% of that period. That is above the Utilities Regulated Electric industry median of 1.8× and above the Utilities sector median of 1.7×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 2.2× (20.56%)
FY2024 2.8× 19.80%
FY2023 2.3× (2.30%)
FY2022 2.4× (18.37%)
FY2021 2.9× 13.29%
FY2020 2.6× (19.98%)
FY2019 3.2× 25.46%
FY2018 2.5× (8.44%)
FY2017 2.8× (9.28%)
FY2016 3.1× 31.52%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.8× (16.20%)
Jun 2026 2.1× 0.88%
Mar 2026 2.1× (4.61%)
Dec 2025 2.2× (7.31%)
43 more quarters

Against its own ten years

Low 1.8× High 3.3×
Ten-year median 2.6×
Current reading's percentile 2

P/B ratio against peers

Company P/B ratio
CEPU Central Puerto S.A. Sponsored ADR compare 0.7×
HE Hawaiian Electric Industries, Inc. compare 0.8×
CIG Comp En De Mn Cemig ADS compare 1.0×
POR Portland General Electric Company compare 1.3×
TXNM TXNM Energy, Inc. compare 1.7×
NWE NorthWestern Corporation compare 1.7×
MGEE MGE Energy Inc. 2.0×
OGE OGE Energy Corporation compare 2.0×
IDA IDACORP, Inc. compare 2.1×
Utilities Regulated Electric industry median 1.8×
Utilities sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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