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

IDACORP, Inc., a small-cap player in the power industry, has recently undergone a valuation adjustment. The company's current P/E ratio stands at 21, while its price-to-book value is reported at 1.86. Other key financial metrics include an EV to EBIT of 21.07 and an EV to EBITDA of 13.64, indicating its operational efficiency. The company's return on capital employed (ROCE) is 6.96%, and its return on equity (ROE) is 9.01%.
In comparison to its peers, IDACORP's valuation metrics reflect a competitive landscape. Pinnacle West Capital Corp. also holds an expensive valuation with a P/E ratio of 24.26, while The AES Corp. is noted for its very attractive valuation at a P/E of 25.28. OGE Energy Corp. maintains an expensive valuation with a P/E of 17.83.

IDACORP's stock performance has shown resilience, with a year-to-date return of 21.15%, outperforming the S&P 500's 14.18% during the same period. Over the past year, IDACORP has achieved a return of 30.11%, further highlighting its position within the industry.