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 that the stock is overvalued. The company exhibits a P/E ratio of 20, a price to book value of 7.38, and an EV to EBITDA of 10.52, which are significantly higher than its peers, such as Clean Energy Fuels Corp. with a P/E of -4.19 and New Fortress Energy, Inc. with a P/E of 3.31, suggesting that Excelerate is trading at a premium compared to the industry.
Additionally, while Excelerate has a strong ROCE of 60.92% and ROE of 36.12%, these metrics do not justify the elevated valuation ratios. In terms of recent performance, Excelerate's stock has returned 18.78% over the past year, outpacing the S&P 500's 14.08% return, but this does not mitigate the concerns about its current valuation. Overall, Excelerate Energy, Inc. appears to be overvalued based on the provided metrics.