Is Eversource Energy overvalued or undervalued?

As of 17 October 2025, the valuation grade for Eversource Energy has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 29, a Price to Book Value of 1.63, and an EV to EBITDA of 10.73. In comparison to peers, Exelon Corp. has a P/E of 16.40, while Xcel Energy, Inc. shows a P/E of 20.15, indicating that Eversource is priced higher than some of its competitors.
In terms of recent performance, Eversource has delivered a year-to-date return of 26.35%, outperforming the S&P 500's return of 13.30% over the same period. However, its longer-term returns have lagged significantly, with a 3-year return of -1.77% compared to the S&P 500's 81.19%. This mixed performance suggests that while the current valuation is fair, the company may face challenges in maintaining growth relative to broader market trends.