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 shift towards overvaluation. The company is currently assessed as overvalued based on its P/E ratio of 9, which is significantly higher than its peer Permian Resources Corp. at 9.23, and its EV to EBITDA ratio of 8.03, which also exceeds the industry average. Additionally, the PEG ratio stands at a notably low 0.20, suggesting that the stock may not be growing at a pace that justifies its current price.
In comparison to its peers, CNX Resources Corp. shows a higher valuation than National Fuel Gas Co., which has a P/E of 11.42, while more attractive peers like APA Corp. boast a much lower P/E of 3.70. The stock 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, compared to the S&P 500's gains of 13.30% and 14.08%. This underperformance reinforces the notion that CNX Resources Corp. may be overvalued in the current market environment.