Is EOG Resources, Inc. overvalued or undervalued?

As of 30 June 2025, the valuation grade for EOG Resources, Inc. moved from expensive to fair, indicating a shift in its perceived value. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 10, an EV to EBIT of 7.35, and a Price to Book Value of 2.11, which suggest that the stock is reasonably priced compared to its earnings and book value.
In comparison to peers, EOG Resources has a lower P/E ratio than ConocoPhillips, which stands at 21.96, and Pioneer Natural Resources Co. at 13.11, reinforcing the notion of fair valuation. Additionally, while EOG's recent stock performance has lagged behind the S&P 500 with a year-to-date return of -3.48% compared to the index's 12.22%, it has shown significant growth over the last five years with a return of 190.64%, outpacing the S&P 500's 96.61%.