Is EQT Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for EQT Corp. has moved from fair to very expensive, indicating that the stock is overvalued. The company exhibits a P/E ratio of 82, a Price to Book Value of 1.63, and an EV to EBITDA of 12.49, all of which suggest a high valuation relative to its earnings and assets. In comparison, peers such as Occidental Petroleum Corp. and Diamondback Energy, Inc. have P/E ratios of 13.39 and 9.24, respectively, highlighting that EQT Corp. is significantly more expensive than its industry counterparts.
Despite EQT Corp.'s strong recent stock performance, with a 1-year return of 45.93% compared to the S&P 500's 14.08%, the elevated valuation ratios suggest that the stock may not be a sustainable investment at its current price. Overall, EQT Corp. is considered overvalued based on its financial metrics and peer comparisons.