Is Evergy, Inc. overvalued or undervalued?

As of 7 August 2025, the valuation grade for Evergy, Inc. has moved from fair to expensive. The company appears to be overvalued based on its current metrics, with a P/E ratio of 18, an EV to EBITDA of 11.09, and a PEG ratio of 1.05. In comparison to its peers, Entergy Corp. has a significantly higher P/E of 27.67, while FirstEnergy Corp. offers a more attractive P/E of 16.53, indicating that Evergy's valuation is not as compelling relative to its competition.
Despite a year-to-date return of 15.81%, which outperformed the S&P 500's 12.22%, Evergy has lagged behind in longer-term performance, with a 3-year return of 6.28% compared to the S&P 500's 70.41%. This suggests that while there may be some short-term gains, the overall valuation does not justify the current price levels.