ALLETE Inc (ALE)

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82.67 +0.19  +0.23% NYSE May 23, 16:59 Delayed 2m USD

ALLETE PS Ratio (TTM):

2.847 for May 23, 2019
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ALLETE Inc PS Ratio (TTM) Chart

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ALLETE Inc Historical PS Ratio (TTM) Data

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Export Data Date Range:
Data for this Date Range  
May 23, 2019 2.847
May 22, 2019 2.840
May 21, 2019 2.822
May 20, 2019 2.818
May 17, 2019 2.828
May 16, 2019 2.815
May 15, 2019 2.800
May 14, 2019 2.802
May 13, 2019 2.858
May 10, 2019 2.830
May 9, 2019 2.794
May 8, 2019 2.783
May 7, 2019 2.831
May 6, 2019 2.858
May 3, 2019 2.826
May 2, 2019 2.765
May 1, 2019 2.769
April 30, 2019 2.805
April 29, 2019 2.761
April 26, 2019 2.768
April 25, 2019 2.757
April 24, 2019 2.757
April 23, 2019 2.746
April 22, 2019 2.736
April 18, 2019 2.739
April 17, 2019 2.748
   
April 16, 2019 2.761
April 15, 2019 2.817
April 12, 2019 2.808
April 11, 2019 2.802
April 10, 2019 2.794
April 9, 2019 2.829
April 8, 2019 2.837
April 5, 2019 2.871
April 4, 2019 2.831
April 3, 2019 2.820
April 2, 2019 2.810
April 1, 2019 2.818
March 31, 2019 2.832
March 29, 2019 2.826
March 28, 2019 2.817
March 27, 2019 2.846
March 26, 2019 2.863
March 25, 2019 2.841
March 22, 2019 2.826
March 21, 2019 2.830
March 20, 2019 2.799
March 19, 2019 2.812
March 18, 2019 2.858
March 15, 2019 2.867
March 14, 2019 2.844

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About Price to Sales Ratio

The price to sales ratio (PS ratio) is calculated by dividing stock price by the revenue per share. It is most useful for comparing companies within a sector or industry because "normal" values for this ratio vary from industry to industry. In general, low price to sales ratios are more appealing because they suggest that a company is undervalued.

An example illustrating why PS ratios should not be compared across industries: On June 21, 2010, Starbucks had a PS ratio of 1.12 while Yahoo! had a PS ratio of 2.56. In other words, Yahoo! shareholders were paying $2.56 for $1 of sales while Starbucks shareholders would only pay $1.12 for $1 of sales. However, at that same moment, the two companies' price to earnings ratios were virtually identical (Starbucks: 28.09 and Yahoo!: 27.78). Hence, shareholders were paying nearly the same amount for $1.00 in earnings. The PS ratios, though, are less comparable since Yahoo!'s profit margins are much higher than that of Starbucks.

For more information on evaluating valuation multiples similar to this, please see our original white paper research : Making Sense Of Valuation Multiples.
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ALE PS Ratio (TTM) Benchmarks

Benchmarks
DTE Energy Co 1.682
FirstEnergy Corp 1.929
Xcel Energy Inc 2.584

ALE PS Ratio (TTM) Range, Past 5 Years

Minimum 1.591 Jan 21 2016
Maximum 3.051 Dec 03 2018
Average 2.283

PS Ratio (TTM) Excel Add-In Codes

  • Metric Code: ps_ratio
  • Data Point Example: =YCP("ALE", "ps_ratio")
  • Data Series Example: =YCS("ALE", "ps_ratio", -4)

To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.

Access our powerful Excel Add-in with a YCharts Professional Membership. Learn More.

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