Is CNX Resources Corp. overvalued or undervalued?

As of 30 January 2025, the valuation grade for CNX Resources Corp. has moved from expensive to risky, indicating a shift in perception regarding its value. The company appears to be undervalued based on its current metrics. Key ratios include a P/E ratio of 9, an EV to EBITDA of 8.03, and a PEG ratio of 0.20, all suggesting that the stock may be trading below its intrinsic value compared to its earnings growth potential.
In comparison with peers, National Fuel Gas Co. has a P/E of 11.37 and California Resources Corp. shows a P/E of 14.51, both indicating that CNX Resources Corp. is trading at a significant discount relative to these companies. The return profile shows that over the past year, CNX has outperformed the S&P 500, with a return of 41.51% compared to the index's 10.26%, reinforcing the notion that the stock may be undervalued in the current market environment.