Is HF Sinclair Corp. overvalued or undervalued?

As of 1 May 2025, HF Sinclair Corp. has moved from a very attractive valuation grade to risky. The company is currently overvalued given its financial metrics and peer comparisons. The price-to-book value stands at 1.13, while the EV to EBITDA ratio is 15.69, and the dividend yield is an extraordinary 314.52%. However, the negative P/E ratio indicates that the company is loss-making, which is a significant concern.
In comparison with peers, HF Sinclair Corp. has a P/E ratio of -86.89, while Icahn Enterprises LP and PBF Energy, Inc. have P/E ratios of -10.30 and -2.74, respectively. This stark difference highlights the company's struggles relative to its peers. Additionally, the company's recent stock performance has been mixed, with a year-to-date return of 17.00%, contrasting sharply with a one-year decline of 23.13%, suggesting volatility and potential investor concerns about its future profitability.