Is MGE Energy (MGEE) overvalued or fairly valued?

MarketChacha shows MGE Energy's valuation in context — a trailing P/E of about 18.8, a forward P/E of about 19.9, a price-to-book of about 2.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does MGE Energy's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.08×) from reported figures — education, not a rating.

What is the share price of MGE Energy (MGEE)?

MGE Energy last traded at $82.65 (+2.3% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

MGE Energy

MGEE · NYSE · Utilities · United States

$82.65+2.3%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:31 PM

Snapshot

TickerMGEE

ExchangeNYSE

SectorUtilities

IndustryUtilities - Regulated Electric

CountryUnited States

Employees726

HeadquartersMadison, United States

Market cap$3.1B

P/E (TTM)18.8

P/B2.3

Volume78.78K

Websitewww.mgeenergy.com

Filings tracked7

About MGE Energy

MGE Energy, Inc., through its subsidiaries, operates as a public utility holding company in the United States. It operates through Regulated Electric Utility Operations; Regulated Gas Utility Operations; Nonregulated Energy Operations; Transmission Investments; and All Other segments. The company generates, purchases, and distributes electricity; purchases and distributes natural gas; owns and leases electric generating capacity; and plans, constructs, operates, maintains, and expands transmission facilities to provide transmission power services. It also generates electricity from coal-fired, gas-fired, and renewable energy sources and provides solar and wind generation, and battery storage services. As of December 31, 2025, the company owned and operated 811 miles of overhead electric distribution lines; 1,386 miles of underground electric distribution cables; 47 substations with an installed capacity of 1.2 million kVA; and gas facilities, including 3,117 miles of distribution mains, as well as supplied electric service to approximately 170,000 customers. MGE Energy, Inc. was incorporated in 2001 and is headquartered in Madison, Wisconsin.

Profile as reported by Yahoo Finance.

Who owns it

Insiders0.3%
Institutions58.8%
Public & other40.8%

406 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.14.85%
Vanguard Portfolio Management LLC7.25%
State Street Corporation5.22%
Vanguard Capital Management LLC4.46%
Geode Capital Management, LLC2.52%
Dimensional Fund Advisors LP1.86%
First Trust Advisors LP1.22%
Charles Schwab Investment Management, Inc.1.14%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.08×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

EPS 1.15

Est. earnings growth -5.7%

Next fiscal year

Rev $822.0M · EPS 4.14

Est. earnings growth +5.3%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$72.1652-wk range$89.50

Delayed · as reported by Yahoo Finance

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$3.1B

Day change

+2.3%

P/E (TTM)

18.8

Fwd P/E

19.9

P/B

2.3

Div yield

2.35%

Beta

0.71

ROE

10.4%

Profit CAGR (2y)

+7.4%

EPS (FY2025)

3.72

Net profit (FY2025)

$135.9M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about MGEE

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Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$135.9M	3.72	10.4%
FY2024	$120.6M	3.33	9.8%
FY2023	$117.7M	3.25	10.3%

Quarterly

Period	Net profit	EPS
2026Q1	$48.5M	1.32
2025Q3	$44.5M	1.22
2025Q2	$26.5M	0.72
2025Q1	$41.6M	1.14
2024Q3	$40.9M	1.13
2024Q2	$23.8M	0.66
2024Q1	$33.8M	0.93
2023Q3	$37.9M	1.05
2023Q2	$28.7M	0.79
2023Q1	$31.1M	0.86

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Exhibits
SEC6/23/2026material
8-K — Shareholder vote results
SEC5/22/2026material
8-K — Material agreement, Other events, Exhibits
SEC5/8/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/8/2026material
10-Q filing
SEC5/5/2026
8-K — Results of operations, Exhibits
SEC5/5/2026material
8-K — Executive/director change, Exhibits
SEC4/21/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.