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. Key valuation ratios include a P/E ratio of 20, a Price to Book Value of 7.38, and an EV to EBITDA of 10.52, all of which suggest a premium valuation compared to its peers. In comparison, Clean Energy Fuels Corp. has a P/E of -4.19 and an EV to EBITDA of 45.31, while New Fortress Energy, Inc. shows a P/E of 3.31 and an EV to EBITDA of 19.70, highlighting Excelerate's relatively high valuation.
In terms of recent performance, Excelerate Energy's stock has returned 18.78% over the past year, slightly outperforming the S&P 500's 14.08% return, but it has underperformed year-to-date with a -9.69% return compared to the S&P 500's 13.30%. Overall, the combination of high valuation ratios and recent performance suggests that Excelerate Energy, Inc. is currently overvalued.