Allete Inc Market Cap ($3.94 Billion)
Market Cap & Net Worth: Allete Inc (ALE)
Allete Inc market cap. Allete Inc (NYSE:ALE) has a market capitalization of $3.94 Billion ($3.94 Billion) as of November 8, 2026. Listed on the NYSE stock exchange, this USA-based company holds position #4035 globally and #1422 in its home market, demonstrating a 0.44% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Allete Inc's stock price $67.90 by its total outstanding shares 58098399 (58.10 Million). Also see Allete Inc cash flow conversion for how efficiently the company converts equity into cash flow.
Allete Inc Market Cap History (2015–2025)
Allete Inc market cap history from 2015 to 2025. Data shows growth from $2.10 Billion to $3.94 Billion (6.35% CAGR). Check Allete Inc share price for real-time trading data and today's change.
Index Memberships
Allete Inc is a constituent of 1 market index:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
S&P Midcap 400
MID
|
$3.26 Trillion | 0.15% | #324 of 401 |
Weight: Allete Inc's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Allete Inc Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Allete Inc's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance. Explore ALE year-over-year net asset growth to track how rapidly the company is growing its equity base year over year.
Latest Price to Sales (P/S) Ratio
2.46x
Allete Inc's market cap is 2.46 times its annual revenue
Latest Price to Earnings (P/E) Ratio
21.00x
Allete Inc's market cap is 21.00 times its annual earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2015 | $2.10 Billion | $1.49 Billion | $141.10 Million | 1.42x | 14.92x |
| 2016 | $2.76 Billion | $1.34 Billion | $155.30 Million | 2.06x | 17.74x |
| 2017 | $3.29 Billion | $1.42 Billion | $172.20 Million | 2.32x | 19.10x |
| 2018 | $3.47 Billion | $1.50 Billion | $174.10 Million | 2.32x | 19.95x |
| 2019 | $3.81 Billion | $1.24 Billion | $185.60 Million | 3.07x | 20.52x |
| 2020 | $3.03 Billion | $1.17 Billion | $174.20 Million | 2.59x | 17.39x |
| 2021 | $3.37 Billion | $1.42 Billion | $169.20 Million | 2.37x | 19.90x |
| 2022 | $3.42 Billion | $1.57 Billion | $189.30 Million | 2.18x | 18.05x |
| 2023 | $3.39 Billion | $1.88 Billion | $247.10 Million | 1.81x | 13.74x |
| 2024 | $3.76 Billion | $1.53 Billion | $179.30 Million | 2.46x | 21.00x |
Competitor Companies of ALE by Market Capitalization
Companies near Allete Inc in the global market cap rankings as of November 8, 2026. Also see Allete Inc total assets for a full breakdown of the balance sheet.
Key companies related to Allete Inc by market ranking:
- IBERDROLA ADR/1 EO 3 (F:IBE5): Ranked #173 globally with a market cap of $132.13 Billion USD ( €113.02 Billion EUR).
- Iberdrola S.A. (MC:IBE): Ranked #176 globally with a market cap of $131.27 Billion USD ( €112.28 Billion EUR).
- Enel SpA (F:ENLA): Ranked #271 globally with a market cap of $94.27 Billion USD ( €80.64 Billion EUR).
- Engie S.A. (PA:ENGI): Ranked #422 globally with a market cap of $66.21 Billion USD ( €56.63 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #173 | IBERDROLA ADR/1 EO 3 | F:IBE5 | $132.13 Billion | €79.00 |
| #176 | Iberdrola S.A. | MC:IBE | $131.27 Billion | €22.65 |
| #271 | Enel SpA | F:ENLA | $94.27 Billion | €9.40 |
| #422 | Engie S.A. | PA:ENGI | $66.21 Billion | €24.20 |
Market Capitalization of Allete Inc (2015–2025)
Market capitalization of Allete Inc from 2015 to today. Between 2015 and today, Allete Inc's market cap moved from $2.10 Billion to $ 3.94 Billion, with a yearly change of 6.35%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2025 | $3.94 Billion | +4.78% |
| 2024 | $3.76 Billion | +10.89% |
| 2023 | $3.39 Billion | -0.65% |
| 2022 | $3.42 Billion | +1.48% |
| 2021 | $3.37 Billion | +11.17% |
| 2020 | $3.03 Billion | -20.47% |
| 2019 | $3.81 Billion | +9.63% |
| 2018 | $3.47 Billion | +5.60% |
| 2017 | $3.29 Billion | +19.38% |
| 2016 | $2.76 Billion | +30.93% |
| 2015 | $2.10 Billion | -- |
End of Day Market Cap According to Different Sources
On Nov 8th, 2026 the market cap of Allete Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $3.94 Billion USD |
| MoneyControl | $3.94 Billion USD |
| MarketWatch | $3.94 Billion USD |
| marketcap.company | $3.94 Billion USD |
| Reuters | $3.94 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Allete Inc
ALLETE, Inc. operates as an energy company. The company operates in two segments, Regulated Operations and ALLETE Clean Energy. It generates electricity from coal-fired, biomass co-fired/natural gas, hydro, wind, and solar. The company also provides regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers in … Read more