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ALLETE Inc
NYSE:ALE

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ALLETE Inc Logo
ALLETE Inc
NYSE:ALE
Watchlist
Price: 59.94 USD -0.53% Market Closed
Updated: May 30, 2023
ALE
/
Profitability
/
ROA

ROA
Return on Assets

According to ALLETE Inc's latest financial reports the company's roa is 3%.

2.7%
Current
2.9%
Average
2.5%
Industry
What is ROA?

ROA History

Statistics
Return on Assets

1 Year 3 Years 5 Years
Average 2.9% 2.9% 3.1%
Median 2.9% 2.9% 3%
Min 2.7% 2.5% 2.5%
Max 3% 3.4% 3.8%

History Chart
Return on Assets

ROA Distribution

ROA Distribution
Utilities Industry

ROA Across Competitors

ROA Comparison
ALLETE Inc Competitors

Country Company Market Cap ROA
US
ALLETE Inc
NYSE:ALE
3.4B USD
3%
US
Nextera Energy Inc
NYSE:NEE
147B USD
4%
ES
Iberdrola SA
MAD:IBE
72.2B EUR
3%
US
Southern Co
NYSE:SO
76.1B USD
3%
US
Duke Energy Corp
NYSE:DUK
67.9B USD
1%
IT
Enel SpA
MIL:ENEL
61.1B EUR
2%
FR
Electricite de France SA
PAR:EDF
46.6B EUR
-5%
US
American Electric Power Company Inc
NASDAQ:AEP
42.1B USD
2%
US
PG&E Corp
NYSE:PCG
41.2B USD
2%
US
Exelon Corp
NASDAQ:EXC
39.1B USD
2%
DK
Orsted A/S
OTC:DNNGY
37.2B USD
4%
ALLETE Inc
NYSE:ALE
Country US
Market Cap 3.4B USD
ROA
3%
Nextera Energy Inc
NYSE:NEE
Country US
Market Cap 147B USD
ROA
4%
Iberdrola SA
MAD:IBE
Country ES
Market Cap 72.2B EUR
ROA
3%
Southern Co
NYSE:SO
Country US
Market Cap 76.1B USD
ROA
3%
Duke Energy Corp
NYSE:DUK
Country US
Market Cap 67.9B USD
ROA
1%
Enel SpA
MIL:ENEL
Country IT
Market Cap 61.1B EUR
ROA
2%
Electricite de France SA
PAR:EDF
Country FR
Market Cap 46.6B EUR
ROA
-5%
American Electric Power Company Inc
NASDAQ:AEP
Country US
Market Cap 42.1B USD
ROA
2%
PG&E Corp
NYSE:PCG
Country US
Market Cap 41.2B USD
ROA
2%
Exelon Corp
NASDAQ:EXC
Country US
Market Cap 39.1B USD
ROA
2%
Orsted A/S
OTC:DNNGY
Country DK
Market Cap 37.2B USD
ROA
4%

Profitability Report

View the profitability report to see the full profitability analysis for ALLETE Inc.

Full Profitability Report

See Also

Summary
ALE intrinsic value, competitors valuation, and company profile.
DCF Valuation
ALE stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ALE stock valuation using valuation multiples.
Wall Street Estimates
ALE price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ALE stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Similar Stocks
What is Return on Assets?

ROA is an indicator of how well a company utilizes its assets in terms of profitability.

This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control.

ROA
=
Net Income
/
Total Assets
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