Is Evergy, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Evergy, Inc. moved from very expensive to expensive, indicating a shift towards a less favorable valuation. The company is currently considered overvalued based on its valuation ratios. The P/E ratio stands at 18, while the EV to EBITDA ratio is 11.09, and the PEG ratio is 1.05, all suggesting that the stock is priced higher relative to its earnings and growth potential compared to peers.
In comparison to its peers, Entergy Corp. has a higher P/E of 27.67 and an EV to EBITDA of 13.32, while FirstEnergy Corp. is relatively more attractive with a P/E of 16.53. Evergy's returns have outperformed the S&P 500 in the year-to-date period, with a return of 26.69% versus the S&P 500's 13.30%, but its longer-term performance has lagged significantly, particularly over three and five years.