IDACORP, Inc. Experiences Revision in Its Stock Evaluation Amid Competitive Market Landscape

IDACORP, Inc., a small-cap player in the power industry, has recently undergone a valuation adjustment reflecting its current financial standing. The company's P/E ratio stands at 21, while its price-to-book value is recorded at 1.86. Other key metrics include an EV to EBIT ratio of 21.07 and an EV to EBITDA ratio of 13.64, indicating its operational efficiency. The return on capital employed (ROCE) is noted at 6.96%, and the return on equity (ROE) is at 9.01%.
In terms of market performance, IDACORP has shown a year-to-date return of 23.61%, outperforming the S&P 500's 15.47% during the same period. Over the past year, the company has achieved a return of 28.92%, again surpassing the S&P 500's 16.90%. However, over longer time frames, such as three and five years, IDACORP's returns lag behind the broader market index.

When compared to its peers, IDACORP's valuation metrics suggest a competitive position, although it remains in a higher valuation category relative to some competitors. Pinnacle West Capital Corp. and OGE Energy Corp. also fall within a similar valuation range, while The AES Corp. stands out with a more attractive valuation profile. This context highlights the varying financial health and market positioning within the power sector.