Is CNX Resources Corp. overvalued or undervalued?

As of 24 July 2025, the valuation grade for CNX Resources Corp. has moved from risky to very expensive, indicating a significant shift in its perceived value. The company is considered overvalued based on its current metrics, with a P/E ratio of 9, an EV to EBITDA of 8.03, and a PEG ratio of 0.20. In comparison, its peers such as Permian Resources Corp. have a P/E of 9.23 and EV to EBITDA of 4.15, while APA Corp. stands out with a very attractive P/E of 3.70 and EV to EBITDA of 2.30.
Despite a strong 3-year return of 85.53%, which outperformed the S&P 500's 70.41%, the company's year-to-date return of -15.41% suggests that it is struggling relative to broader market trends. Overall, CNX Resources Corp. appears to be overvalued in the current market environment.