Is California Resources Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for California Resources Corp. has moved from fair to very attractive. The company appears undervalued based on its current metrics. Key ratios include a P/E ratio of 14, an EV to EBITDA of 3.72, and a Price to Book Value of 1.17, which suggest that the stock is trading at a reasonable valuation compared to its earnings and asset value.
In comparison to its peers, California Resources Corp. has a more attractive P/E ratio than Permian Resources Corp. at 9.23 and is significantly lower than National Fuel Gas Co. at 11.42, indicating a favorable valuation position. Additionally, the company’s dividend yield of 196.57% stands out, further enhancing its attractiveness. Over the past year, California Resources Corp. has underperformed the S&P 500, with a return of -9.63% compared to the index's 14.08%, which may present a buying opportunity as the market adjusts to its valuation.