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%

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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

MGE Energy Inc. (MGEE) P/E ratio

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As of 5 November 2026, MGE Energy Inc. (MGEE) trades at a P/E ratio of 18.1×. Over the past ten years it has ranged from 16.0× (September 2026) to 33.1× (November 2024); the current reading is higher than 1% of that period. That is below the Utilities Regulated Electric industry median of 19.5× and below the Utilities sector median of 19.5×.

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<iframe src="https://stockrow.com/embed/MGEE/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="MGE Energy Inc. P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MGEE/metrics/pe-ratio">MGE Energy Inc. (MGEE) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	21.0×	(25.49%)
FY2024	28.2×	26.00%
FY2023	22.4×	(3.05%)
FY2022	23.1×	(17.72%)
FY2021	28.1×	4.22%
FY2020	26.9×	(14.57%)
FY2019	31.5×	27.77%
FY2018	24.7×	11.51%
FY2017	22.1×	(24.63%)
FY2016	29.4×	30.34%

Period	P/E ratio	Change
Sep 2026	16.0×	(20.13%)
Jun 2026	20.0×	1.35%
Mar 2026	19.8×	(5.98%)
Dec 2025	21.0×	(7.59%)
43 more quarters	Free account

Against its own ten years

Low 16.0× High 33.1×

Ten-year median 25.2×

Current reading's percentile 1

Company	P/E ratio
CEPU Central Puerto S.A. Sponsored ADR compare	3.6×
CIG Comp En De Mn Cemig ADS compare	6.1×
HE Hawaiian Electric Industries, Inc. compare	6.5×
MGEE MGE Energy Inc.	18.1×
OGE OGE Energy Corporation compare	19.0×
POR Portland General Electric Company compare	19.5×
IDA IDACORP, Inc. compare	22.1×
TXNM TXNM Energy, Inc. compare	27.3×
NWE NorthWestern Corporation compare	30.8×
Utilities Regulated Electric industry median	19.5×
Utilities sector median	19.5×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

MGE Energy Inc. (MGEE) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on MGEE

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on MGEE

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