MGE Energy Inc. (MGEE) Fair Value 2026

MGEE · Electric, Gas & Sanitary Services ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.2 /10

32 fundamental signals · 13 models active

Value Trap Risk

SAFE (18/100)

Quick Summary — As of 2026-07-14, MGE Energy Inc. (MGEE) trades at $81.17, approximately 41% below CirclFi’s Bayesian DCF fair value of $137.86. QOC: 8.2/10. Value Trap Risk: 18/100 (SAFE). 13/13 models active.

Key Facts

Ticker
MGEE
Price
$81.17
Quality Score
8.2/10
Value Trap Risk
18/100
Models Active
13/13
Last Updated
Strength: Bayesian DCF suggests +69.8% upside with 50% confidence
Risk: Majority of models suggest overvaluation

Valuation Matrix

13 Intrinsic Value Models vs. Current Price ($81.17)

Core Models (Unlocked)
Model Fair Value Upside
Bayesian DCF
High Conviction
$137.86 +69.8%
Earnings Power Value
High Conviction
$7.78 -90.4%
CUCE Ensemble
Low Conviction
$31.06 -61.7%
First Chicago
High Conviction
$17.70 -78.2%

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What Is MGE Energy Inc. (MGEE) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, MGE Energy Inc.'s intrinsic value is estimated at $45.94. Trading at its current price of $81.17, the valuation engine raises significant caution: 11 of 13 models flag downside risk, projecting an average implied return of -43.4%. Notably, Bayesian DCF sees the most upside at +69.8% (fair value: $137.86), while EPV is the most conservative at -90.4% ($7.78). The spread between these extremes — +160.3% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About MGEE?

13 of 13 models are currently active for MGEE. Of these, 1 model suggests upside while 12 models suggest overvaluation. The Bayesian DCF estimates MGEE's intrinsic value at $137.86, implying +69.8% upside from the current price. See which stocks rank higher →

How Does MGEE Rank in Electric, Gas & Sanitary Services?

Among 1 Electric, Gas & Sanitary Services stocks, MGEE ranks #1 by Quality of Company score. CirclFi's QOC score of 8.2/10 evaluates 32 fundamental signals. A score of 8.2 places MGEE in the top tier.

The Electric, Gas & Sanitary Services sector introduces analytical considerations specific to oil and gas company businesses. For MGE Energy Inc., metrics like breakeven oil price provide important context that general-purpose valuation models may underweight.

Is MGEE a Value Trap?

CirclFi's Value Trap algorithm assigns MGEE a score of 18/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

13 of 13 models are active for MGE Energy Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, MGE Energy Inc. scores 8.2 out of 10 on our 32-signal quality assessment, a strong rating that demonstrates strong fundamentals across the majority of our quality signals. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

The gap between the most bullish and bearish model spans +160.3% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every MGEE valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across MGEE's 13 active models, average confidence is 44%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy MGE Energy Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Frequently Asked Questions About MGE Energy Inc.

What is MGE Energy Inc.'s intrinsic value in 2026?

Based on CirclFi's 13-model analysis, MGE Energy Inc. (MGEE) has multiple fair value estimates. The Bayesian DCF model runs 10,000 Monte Carlo simulations with jump-diffusion to estimate intrinsic value at $137.86. The Quality of Company score is 8.2/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is MGEE overvalued or undervalued right now?

At $81.17, 1 of 13 active models suggest MGEE may be undervalued, while 12 indicate potential overvaluation. The assessment depends on which methodology best fits MGE Energy Inc.'s business model in Electric, Gas & Sanitary Services.

What does a Quality of Company score of 8.2 mean for MGEE?

MGE Energy Inc.'s QOC of 8.2/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on MGEE?

CirclFi analyzes MGEE with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 13 of 13 are active for this stock. Read the full methodology →

Is MGEE a value trap in 2026?

MGE Energy Inc.'s Value Trap score is 18/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap. Browse stocks by value-trap risk →

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