Is Amplify Energy Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Amplify Energy Corp. has moved from attractive to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its P/E ratio of 6, which is higher than peers like Riley Exploration Permian, Inc. with a P/E of 5.24, and VAALCO Energy, Inc. with a P/E of 10.74. Additionally, its EV to EBITDA ratio stands at 3.40, which is less favorable compared to the industry average, suggesting that the company's earnings are not being valued as efficiently as those of its peers.
In terms of performance, Amplify Energy Corp. has experienced significant declines, with a year-to-date return of -30.00% compared to the S&P 500's positive return of 13.30%. This stark contrast in returns reinforces the notion that the stock may be overvalued, especially given its recent performance against the broader market.