Is Excelerate Energy, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Excelerate Energy, Inc. has moved from fair to very expensive, indicating a significant shift in its perceived value. The company appears overvalued based on its current metrics, including a P/E ratio of 20, a Price to Book Value of 7.38, and an EV to EBITDA of 10.52. In comparison, Clean Energy Fuels Corp. has a P/E ratio of -4.19, while New Fortress Energy, Inc. stands at 3.31, both of which suggest that Excelerate is trading at a premium relative to its peers.
Despite a one-year return of 18.78% compared to the S&P 500's 14.08%, the company's year-to-date performance of -9.69% starkly contrasts with the index's 13.30% gain, reinforcing the notion that Excelerate may be overvalued in the current market environment.