Allete Inc (NYSE:ALE) — Market Cap & Net Worth
Market Cap & Net Worth: Allete Inc (ALE)
Allete Inc (NYSE:ALE) has a market capitalization of $3.94 Billion ($3.94 Billion) as of August 7, 2026. Listed on the NYSE stock exchange, this USA-based company holds position #4143 globally and #1432 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). See Allete Inc capital spending ratio to understand how much of operating cash flow is reinvested back into capital assets.
Allete Inc Market Cap History: 2015 to 2025
Allete Inc's market capitalization history from 2015 to 2025. Data shows growth from $2.10 Billion to $3.94 Billion (6.35% CAGR).
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
|
$3.50 Trillion | 0.15% | #326 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.
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 August 7, 2026.
Key companies related to Allete Inc by market ranking:
- IBERDROLA ADR/1 EO 3 (F:IBE5): Ranked #178 globally with a market cap of $132.13 Billion USD ( €113.02 Billion EUR).
- Iberdrola S.A. (MC:IBE): Ranked #181 globally with a market cap of $131.27 Billion USD ( €112.28 Billion EUR).
- Enel SpA (F:ENLA): Ranked #277 globally with a market cap of $94.27 Billion USD ( €80.64 Billion EUR).
- Engie S.A. (PA:ENGI): Ranked #400 globally with a market cap of $69.44 Billion USD ( €59.40 Billion EUR).
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #178 | IBERDROLA ADR/1 EO 3 | F:IBE5 | $132.13 Billion | €79.00 |
| #181 | Iberdrola S.A. | MC:IBE | $131.27 Billion | €20.58 |
| #277 | Enel SpA | F:ENLA | $94.27 Billion | €9.70 |
| #400 | Engie S.A. | PA:ENGI | $69.44 Billion | €26.46 |
Allete Inc Historical Marketcap From 2015 to 2025
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 Aug 6th, 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