Question 1

What is MGE Energy's P/S ratio?

Accepted Answer

MGE Energy (MGEE) P/S ratio is 4.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for MGE Energy?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For MGE Energy specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is MGE Energy's P/S ratio high or low?

Accepted Answer

MGE Energy's P/S ratio of 4.0× is below its own 5-year average of 4.2× and above the sector median of 3.1×. That places the current reading at the 36th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is MGE Energy's historical P/S ratio range?

Accepted Answer

In the available daily series, MGE Energy (MGEE) P/S ratio has ranged from a low of 1.2× in 2006 to a high of 5.8× in 2024. The 5-year average is 4.2× and the 5-year median is 4.2×.

Question 7

What was MGE Energy's P/S ratio in 2025?

Accepted Answer

MGE Energy (MGEE) P/S ratio at the end of 2025 was 3.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does MGE Energy's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$2.86B	$744M	3.9×	-1.2×	Dec 31, 2025
2024	$3.41B	$677M	5.0×	+1.3×	Dec 31, 2024
2023	$2.61B	$690M	3.8×	+0.2×	Dec 31, 2023
2022	$2.55B	$715M	3.6×	-1.3×	Dec 31, 2022
2021	$2.97B	$607M	4.9×	+0.2×	Dec 31, 2021
2020	$2.53B	$539M	4.7×	-0.1×	Dec 31, 2020
2019	$2.73B	$569M	4.8×	+1.1×	Dec 31, 2019
2018	$2.08B	$560M	3.7×	-0.2×	Dec 31, 2018
2017	$2.19B	$563M	3.9×	-0.3×	Dec 31, 2017
2016	$2.26B	$545M	4.2×	+1.3×	Dec 31, 2016
2015	$1.61B	$564M	2.9×	+0.3×	Dec 31, 2015
2014	$1.58B	$620M	2.6×	+0.3×	Dec 31, 2014
2013	$1.33B	$591M	2.3×	+0.1×	Dec 31, 2013
2012	$1.18B	$541M	2.2×	+0.2×	Dec 31, 2012
2011	$1.08B	$546M	2.0×	+0.1×	Dec 31, 2011
2010	$988M	$533M	1.9×	+0.3×	Dec 31, 2010
2009	$826M	$534M	1.5×	+0.3×	Dec 31, 2009
2008	$741M	$596M	1.2×	-0.2×	Dec 31, 2008
2007	$777M	$538M	1.4×	-0.1×	Dec 31, 2007
2006	$759M	$508M	1.5×	+0.1×	Dec 31, 2006
2005	$693M	$513M	1.4×	-0.4×	Dec 31, 2005
2004	$732M	$425M	1.7×	+0.3×	Dec 31, 2004
2003	$572M	$402M	1.4×	+0.1×	Dec 31, 2003
2002	$469M	$347M	1.4×	—	Dec 31, 2002


Vistra (VST)	3.2×
Dominion Energy (D)	3.1×
Duke Energy (DUK)	3.1×
CenterPoint Energy (CNP)	3.0×
Artesian Resources (ARTNA)	2.9×
H2O America (HTO)	2.7×
California Water Service Group (CWT)	2.7×
CMS Energy (CMS)	2.6×
New Jersey Resources (NJR)	2.5×
Consolidated Edison (ED)	2.4×
MDU Resources Group (MDU)	2.4×
Black Hills (BKH)	2.3×
Pinnacle West Capital (PNW)	2.2×
Exelon (EXC)	2.0×
FirstEnergy (FE)	1.9×
Eversource Energy (ES)	1.9×
Algonquin Power & Utilities (AQN)	1.9×
DTE Energy (DTE)	1.9×
Avista (AVA)	1.7×
Northwest Natural Holding (NWN)	1.7×
PG&E (PCG)	1.5×
Edison International (EIX)	1.4×
UGI (UGI)	1.1×
NRG Energy (NRG)	0.9×
AES (AES)	0.8×

P/S Ratio for MGE Energy (MGEE) 2002-2026

P/S Ratio daily chart for MGE Energy (MGEE)

Historical P/S Ratio for MGE Energy (MGEE) from 2002 to 2025

About P/S Ratio at MGE Energy (MGEE)

MGE Energy P/S Ratio by Year

MGE Energy P/S Ratio 2025: 3.9×

MGE Energy P/S Ratio 2024: 5.0×

MGE Energy P/S Ratio 2023: 3.8×

MGE Energy P/S Ratio 2022: 3.6×

MGE Energy P/S Ratio 2021: 4.9×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

MGE Energy (MGEE) Key Financials