Is Crescent Energy Co. overvalued or undervalued?

As of 26 February 2025, Crescent Energy Co. has moved from a valuation grade of very expensive to risky. The company is currently considered undervalued based on its financial metrics. Notable ratios include a P/E ratio of 16, an EV to EBITDA of 4.39, and a Price to Book Value of 0.89, which suggests that the stock may be trading below its intrinsic value compared to its peers.
In comparison to its peers, Crescent Energy Co. has a higher P/E ratio than National Fuel Gas Co. at 11.37 and CNX Resources Corp. at 9.19, indicating that while it is undervalued, it is still priced higher than some competitors. The EV to EBITDA ratio of 4.39 is also more favorable compared to National Fuel Gas Co.'s 9.53, further supporting the undervaluation thesis. Despite recent underperformance against the S&P 500, with a year-to-date return of -38.6% compared to the index's 2.44%, the valuation metrics suggest that Crescent Energy Co. presents a buying opportunity at its current price of 8.97.