Is CNX Resources Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for CNX Resources Corp. has moved from fair to very expensive, indicating a significant shift in its perceived value. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 9, an EV to EBITDA of 8.03, and a PEG ratio of 0.20, which suggests that the stock is priced high relative to its earnings growth potential.
In comparison to its peers, CNX Resources Corp. has a higher P/E ratio than Permian Resources Corp. at 9.23 and a lower EV to EBITDA than National Fuel Gas Co. at 8.28, highlighting its relative overvaluation in the industry. Furthermore, while CNX has shown strong returns over the long term, with a 215.79% increase over five years, it has underperformed against the S&P 500 in the year-to-date and one-year periods, with returns of -12.76% and -8.73%, respectively. This underperformance reinforces the notion that the stock may be overvalued in the current market environment.