WallStSmart
MGEE

MGE Energy Inc

NASDAQ: MGEE · UTILITIES · UTILITIES - REGULATED ELECTRIC

$73.83
+2.44% today

Updated 2026-06-05

Market cap
$2.93B
P/E ratio
19.91
P/S ratio
3.91x
EPS (TTM)
$3.90
Dividend yield
2.44%
52W range
$72 – $89
Volume
0.3M

MGE Energy Inc (MGEE) Stock Valuation Analysis

Fair value estimate, historical valuation range, and quality signals for MGEE.

WallStSmart Verdict
Fairly
Valued

Valuation reasonably reflects current fundamentals. Limited margin of safety at these levels.

Smart Value Score: 61 / 100
P/E (TTM)
19.9x
vs 5Y median of 22.5x
PEG
4.12
Elevated vs growth
Margin of Safety
DCF limited for this profile
EV / EBITDA
0.0x

MGEE historical valuation range

Where current P/E sits in MGEE's own 5Y range.

NOW
18.9x
5Y Low
21.1x
25th
22.5x
Median
24.8x
75th
28.2x
5Y High
MGEE is trading cheaper than 87% of the last 5Y.
13th percentile · Historically cheap

MGEE intrinsic value (DCF)

DCF-based fair value estimate vs current market price.

DCF has limited applicability for MGEE

Standard discounted cash flow models produce unreliable output for unprofitable or near-breakeven companies. Revenue-based multiples such as P/S and EV/Sales, combined with the historical valuation position above, give a more reliable read for this stock.

Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.

MGEE valuation signals

Quick-read green flags, caution flags, and risks based on current metrics.

PEG above 2.0
PEG of 4.12 suggests price is running ahead of growth rate. Caution warranted.
P/E near 5Y low
Current P/E sits in the 13th percentile of its 5Y range. Historically cheap relative to its own history.
!
DCF limited applicability
Company profile produces unstable DCF output. Lean on P/S, EV/Sales, and historical valuation position instead of intrinsic value for this stock.
Weak financial quality
Piotroski F-Score of 3/9 suggests deteriorating fundamentals. Valuation requires closer scrutiny.

P/E Ratio — History

Current: 19.91x

P/S Ratio — History

Current: 3.91x

Is MGEE overvalued in 2026?

MGE Energy Inc (MGEE) currently trades at $73.83 per share with a market capitalization of $2,931,395,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 61/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.

The stock trades at a P/E ratio of 19.9x, below its 5-year median of 22.5x. The PEG ratio of 4.12 indicates the price has run ahead of the underlying growth rate.

Looking at its own history, MGEE is currently trading cheaper than 87% of the last 5Y on P/E. This places it in the 13th percentile of its historical range, a level that has historically coincided with attractive entry points.

A standard DCF model does not produce reliable output for MGEE under current conditions. For unprofitable or near-breakeven companies, revenue-based multiples such as EV/Sales and historical P/S percentile are more informative than intrinsic value calculations.

Financial quality is a concern. The Piotroski F-Score of 3/9 flags weakening fundamentals that deserve closer scrutiny before the valuation case can be fully trusted.

Bottom line: MGEE trades at a fair valuation on our framework, with a Smart Value Score of 61/100. The valuation is defensible but offers no obvious bargain. Patience or a better entry price may reward disciplined buyers.

Frequently asked questions

Is MGEE overvalued?

MGEE scores 61/100 on our Smart Value Score (Grade C+), a mixed overall profile. A standard DCF is unreliable here given the profitability profile, so valuation leans on revenue-based measures like EV/Sales and the P/S percentile below.

What is MGEE's fair value?

A standard DCF is unreliable for MGEE given its current profitability profile. Revenue-based approaches like EV/Sales or the historical P/S percentile are more informative for this stock.

What P/E ratio does MGEE trade at?

MGEE trades at a P/E of 19.9x on trailing twelve-month earnings, against a 5-year median of 22.5x. P/E is what you pay per dollar of profit, and sitting below its own median means the stock is cheaper than usual relative to its earnings.

Is MGEE a buy based on valuation?

Our Smart Value rating for MGEE is Hold, from a Smart Value Score of 61/100 that blends growth, quality, and valuation. The profile is balanced and best suited to investors who already have a thesis. This is research to inform your decision, not personalized financial advice.

How does MGEE's valuation compare to its history?

On P/E, MGEE sits in the 13th percentile of its own 5Y range, historically cheap relative to where it has traded. A low percentile means today's multiple is near the bottom of its historical band.

What is MGEE's Smart Value Score?

MGEE's Smart Value Score is 61/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.