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MGE Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for MGE Energy and similar public comparables like Taesa, Par Pacific Holdings, Colbun, Orygen Peru and more.
MGE Energy Overview
About MGE Energy
MGE Energy provides electric service to 161,000 customers and natural gas service to 173,000 customers in Madison, Wisconsin, and surrounding areas. Nearly 90% of customers are residential. The company also owns a 3.6% stake in American Transmission Co. MGE owns interests in two coal power plants that earn guaranteed fixed rates of return, contributing about 20% of earnings.
Founded
2001
HQ
Employees
726
Website
Sectors
Financials (LTM)
EV
$4B
MGE Energy Financials
MGE Energy reported last 12-month revenue of $750M and EBITDA of $296M.
In the same LTM period, MGE Energy generated $296M in EBITDA and $138M in net income.
Revenue (LTM)
MGE Energy P&L
In the most recent fiscal year, MGE Energy reported revenue of $744M and EBITDA of $305M.
MGE Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $750M | XXX | $744M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $309M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $296M | XXX | $305M | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 41% | XXX | XXX | XXX |
| EBIT Margin | 24% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $138M | XXX | $136M | XXX | XXX | XXX |
| Net Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| Net Debt | — | — | $903M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
MGE Energy Stock Performance
MGE Energy has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
MGE Energy's stock price is $77.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 0.0% | XXX | XXX | XXX | $3.70 |
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Start Free TrialMGE Energy Valuation Multiples
MGE Energy trades at 5.0x EV/Revenue multiple, and 12.7x EV/EBITDA.
EV / Revenue (LTM)
MGE Energy Financial Valuation Multiples
As of April 20, 2026, MGE Energy has market cap of $3B and EV of $4B.
Equity research analysts estimate MGE Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MGE Energy has a P/E ratio of 20.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 5.0x | XXX | 5.0x | XXX | XXX | XXX |
| EV/EBITDA | 12.7x | XXX | 12.3x | XXX | XXX | XXX |
| EV/EBIT | 21.0x | XXX | 21.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 12.1x | XXX | XXX | XXX |
| P/E | 20.6x | XXX | 21.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (46.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified MGE Energy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
MGE Energy Margins & Growth Rates
MGE Energy's revenue in the last 12 month grew by 3%.
MGE Energy's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.2M for the same period.
MGE Energy's rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MGE Energy's rule of X is 49% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
MGE Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 49% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
MGE Energy Public Comps
See public comps and valuation multiples for other Energy Production and Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MGE Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Taesa | XXX | XXX | XXX | XXX | XXX | XXX |
| Par Pacific Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Colbun | XXX | XXX | XXX | XXX | XXX | XXX |
| Orygen Peru | XXX | XXX | XXX | XXX | XXX | XXX |
| Paramount Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
MGE Energy M&A Activity
MGE Energy acquired XXX companies to date.
Last acquisition by MGE Energy was on XXXXXXXX, XXXXX. MGE Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by MGE Energy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMGE Energy Investment Activity
MGE Energy invested in XXX companies to date.
MGE Energy made its latest investment on XXXXXXXX, XXXXX. MGE Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by MGE Energy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout MGE Energy
| When was MGE Energy founded? | MGE Energy was founded in 2001. |
| Where is MGE Energy headquartered? | MGE Energy is headquartered in United States. |
| How many employees does MGE Energy have? | As of today, MGE Energy has over 726 employees. |
| Who is the CEO of MGE Energy? | MGE Energy's CEO is Jeffrey M. Keebler. |
| Is MGE Energy publicly listed? | Yes, MGE Energy is a public company listed on Nasdaq. |
| What is the stock symbol of MGE Energy? | MGE Energy trades under MGEE ticker. |
| When did MGE Energy go public? | MGE Energy went public in 1972. |
| Who are competitors of MGE Energy? | MGE Energy main competitors are Taesa, Par Pacific Holdings, Colbun, Orygen Peru. |
| What is the current market cap of MGE Energy? | MGE Energy's current market cap is $3B. |
| What is the current revenue of MGE Energy? | MGE Energy's last 12 months revenue is $750M. |
| What is the current revenue growth of MGE Energy? | MGE Energy revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of MGE Energy? | Current revenue multiple of MGE Energy is 5.0x. |
| Is MGE Energy profitable? | Yes, MGE Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of MGE Energy? | MGE Energy's last 12 months EBITDA is $296M. |
| What is MGE Energy's EBITDA margin? | MGE Energy's last 12 months EBITDA margin is 39%. |
| What is the current EV/EBITDA multiple of MGE Energy? | Current EBITDA multiple of MGE Energy is 12.7x. |
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