Is Excelerate Energy, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Excelerate Energy, Inc. moved from expensive to very expensive, indicating a significant increase in perceived valuation. The company appears overvalued based on its current metrics, with a P/E ratio of 20, a Price to Book Value of 7.38, and an EV to EBITDA of 10.52. In comparison, its peers, Clean Energy Fuels Corp. and New Fortress Energy, Inc., have P/E ratios of -4.19 and 3.31, respectively, highlighting the relative high valuation of Excelerate.
Despite its strong ROCE of 60.92% and ROE of 36.12%, the elevated valuation ratios suggest that investors may be paying a premium for the stock. The lack of return data makes it difficult to assess recent performance against the S&P 500, but the very expensive rating reinforces the notion that Excelerate Energy, Inc. is currently overvalued in the market.