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MGE Energy (MGEE) stock forecast and fair value

MGE Energy (MGEE) trades at $70.22. 6 analysts' median price target is $78.50 (+12%), from $72.00 to $87.00. Across 11 valuation methods the middle fair value is $61.03 (-13%).

Price$70.22
Median target$78.50
Fair value, middle$61.03
EPS beat rate75%
MGE Energy fair value by method (price $70.22)MGE Energy fair value by method (price $70.22)low – highpoint estimateP/E vs peers$85.40P/E vs peers, weighted$86.93P/E vs peers, matched$85.40Residual income$44.35Analysts' price targets$77.67Shareholder yield (dividends + buyb…$37.18Stage-weighted value (mature)$67.32Graham number$61.03Graham formula (revised)$57.02Lynch fair P/E (PEGY)$33.01

Fair value by method

MethodLowPointHighvs price
P/E vs peers$57.23$85.40$100.63+22%
P/E vs peers, weighted$69.66$86.93$108.99+24%
P/E vs peers, matched$57.23$85.40$100.63+22%
Residual income$42.70$44.35$46.10-37%
Analysts' price targets$72.00$77.67$81.00+11%
Shareholder yield (dividends + buybacks)$30.88$37.18$46.71-47%
Stage-weighted value (mature)$47.35$67.32$80.41-4%
Graham number$49.83$61.03$70.47-13%
Graham formula (revised)$39.00$57.02$75.05-19%
Lynch fair P/E (PEGY)$21.24$33.01$54.25-53%

MGE Energy's latest quarter

MGE Energy, Q3 2026: revenue $190M (+8% year over year), operating margin 30.5%, net earnings $56.4M, operating cash flow $92.2M. The chart follows the revenue to costs, profit and cash.

Questions

What is the price target for MGEE stock?

The median of 6 analysts' 12-month targets is $78.50, +12% from $70.22; the range is $72.00 to $87.00. The average rating is hold.

What is MGE Energy's fair value?

The fair-value methods on Filing Flows (DCF, Monte Carlo, peer multiples and others) put it between $33.01 and $86.93, with a middle value of $61.03 against a price of $70.22. Each method's assumptions are on the page.

Does MGE Energy usually beat earnings estimates?

It beat the consensus EPS estimate in 75% of the quarters on record.

Is MGEE stock a buy?

Filing Flows does not give advice. It shows what analysts expect, what each valuation method implies and the figures behind them, read from SEC filings, so you can judge for yourself.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.