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MGE Energy, Inc. MGEE NASDAQ

NASDAQ Global Select • Utilities • Diversified Utilities • US • USD

SharesGrow Score
55/100
3/7 Pass
SharesGrow Intrinsic Value
$62.50
-21.8%
Analyst Price Target
$73.00
-8.6%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

MGE Energy, Inc. (MGEE) trades at a trailing P/E of 21.6, forward P/E of 20.2. Trailing earnings yield is 4.62%, forward earnings yield 4.94%. PEG 1.85. Graham Number is $54.65.

Criteria proven by this page:

  • VALUE (29/100, Fail) — the composite valuation score falls below the 60/100 threshold required to pass.
  • Forward P/E 20.2 (down from trailing 21.6) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 1.85 — between 1.0–2.0 indicates moderate valuation relative to growth.
  • Trailing Earnings Yield 4.62% — roughly competitive with bond yields (~4.3%), moderate risk-reward. Forward yield improves to 4.94% as earnings recover.
  • Analyst consensus target $73.00 (-8.6% downside) — slight downside risk — the market may be ahead of analyst expectations.

Overall SharesGrow Score: 55/100 with 3/7 criteria passed.

SharesGrow 7-Criteria Score
55/100
SG Score
View full scorecard →
VALUE
29/100
Price-to-Earnings & upside
Proven by this page
FUTURE
26/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
33/100
Debt-to-Equity & liquidity
→ Health
MOAT
70/100
→ Income
~
GROWTH
55/100
→ Income
INCOME
70/100
→ Income

Valuation Snapshot — MGEE

Valuation Multiples
P/E (TTM)21.6
Forward P/E20.2
PEG Ratio1.85
Forward PEG3.26
P/B Ratio2.25
P/S Ratio3.96
EV/EBITDA12.7
Per Share Data
EPS (TTM)$3.72
Forward EPS (Est.)$3.95
Book Value / Share$35.69
Revenue / Share$20.36
FCF / Share$-2.19
Yields & Fair Value
Earnings Yield4.62%
Forward Earnings Yield4.94%
Dividend Yield2.33%
Graham Number$54.65
SharesGrow IV$62.50 (-21.8%)
Analyst Target$73.00 (-8.6%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 30.0 5.14 3.13 4.16 1.85%
2017 22.4 0.76 2.81 3.88 2.00%
2018 24.7 -1.78 2.55 3.71 2.20%
2019 31.5 -7.64 3.19 4.80 1.75%
2020 27.0 2.33 2.56 4.63 2.07%
2021 28.1 2.29 2.89 4.90 1.84%
2022 22.9 4.47 2.35 3.56 2.26%
2023 22.2 3.79 2.29 3.79 2.31%
2024 28.2 11.46 2.77 5.03 1.87%
2025 21.1 1.80 2.20 3.85 2.36%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $2.18 $544.75M $75.56M 13.9%
2017 $2.82 $563.1M $97.61M 17.3%
2018 $2.43 $559.77M $84.22M 15%
2019 $2.33 $568.86M $80.78M 14.2%
2020 $2.60 $538.63M $92.42M 17.2%
2021 $2.92 $606.58M $105.76M 17.4%
2022 $3.07 $714.52M $110.95M 15.5%
2023 $3.25 $690.43M $117.7M 17%
2024 $3.33 $676.94M $120.57M 17.8%
2025 $3.72 $743.65M $135.89M 18.3%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $3.95 $3.89 – $3.99 $765.1M $749.88M – $780.32M 2
2027 $4.19 $4.06 – $4.30 $782.1M $742.7M – $821.49M 2
2028 $4.27 $4.07 – $4.47 $767M $739.77M – $794.23M 1
2029 $4.52 $4.31 – $4.73 $795M $766.77M – $823.23M 1
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