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. The company's current P/E ratio stands at 21, while its price-to-book value is recorded at 1.86. Other notable financial metrics include an EV to EBIT ratio of 21.07 and an EV to EBITDA ratio of 13.64. The company's return on capital employed (ROCE) is at 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 24.33%, significantly outpacing the S&P 500's return of 13.30% over the same period. This performance highlights the company's position within the market, especially when viewed against its peers.