Is California Resources Corp. overvalued or undervalued?

As of 8 September 2025, the valuation grade for California Resources Corp. has moved from very attractive to attractive. The company appears to be undervalued based on its current metrics. The P/E ratio stands at 14, which is higher than its peer Permian Resources Corp. at 9.23, but lower than the very attractive APA Corp. at 3.70. Additionally, California Resources Corp. has an EV to EBITDA ratio of 3.72, which is more favorable compared to National Fuel Gas Co. at 8.28.
In terms of returns, California Resources Corp. has outperformed the S&P 500 over the past week and month, with returns of 9.84% and 19.31% respectively, while the S&P 500 returned 1.05% and 2.33% in the same periods. Overall, the combination of attractive valuation ratios and strong recent performance suggests that California Resources Corp. is positioned well in the market.