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MGE Energy price to book ratio MGEE

Market value divided by the book value of the company's net assets, since 2011.

Today, Oct 23, 2026
1.9×
10-year median
2.7×
Against its 10-year history
1st
percentile: 0 is its lowest day, 100 its highest
10-year range
1.8× to 3.3×
Peer median
1.4×

MGE Energy's price to book ratio is 1.9× as of Oct 23, 2026.

That is below its ten-year median of 2.7×, lower than on 99% of days in the last ten years.

Over that time it ranged from 1.8× in Sep 2026 to 3.3× in Feb 2020.

The median for 10 utility stocks of a similar size is 1.4×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.9×1.8×2.3×
20252.2×2.2×2.8×
20242.9×2.0×3.2×
20232.3×2.2×2.7×
20222.4×2.1×2.9×
20212.9×2.4×3.0×
20202.6×2.3×3.3×
20193.2×2.5×3.3×
20182.5×2.3×2.9×
20172.9×2.9×3.2×
20163.1×2.3×3.1×
20152.3×1.9×2.5×
20142.5×2.0×2.5×
20132.2×2.0×2.4×
20122.0×1.8×2.2×
20112.0×1.7×2.0×

Against its peers

Companies in Utilities nearest MGE Energy's size, closest first, today.

CompanyPrice to book ratio
MGEEMGE Energy1.9×
CWTCalifornia Water Service1.6×
HTOH2O America1.3×
AVAAvista1.1×
AWRAmerican States Water3.0×
NWNNorthwest Natural1.3×
OTTROtter Tail2.0×
MDUMDU Resources1.4×
NWENorthWestern Energy1.6×
OGSONE Gas1.4×
SRSpire1.4×
Peer median1.4×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on MGE Energy

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.