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 slight improvement in its valuation outlook. The company appears to be overvalued based on its current metrics, with a P/E ratio of 18, a Price to Book Value of 1.51, and an EV to EBIT of 20.06. In comparison to peers, Entergy Corp. has a higher P/E of 27.67, while FirstEnergy Corp. offers a more attractive P/E of 16.53.
Despite recent positive stock performance, with a year-to-date return of 26.69% compared to the S&P 500's 13.30%, the overall valuation suggests that Evergy, Inc. is not a compelling investment at its current price of 77.98.