Is HighPeak Energy, Inc. overvalued or undervalued?

As of 10 June 2025, the valuation grade for HighPeak Energy, Inc. has moved from very expensive to expensive, indicating a shift in perception regarding its valuation. The company is currently deemed overvalued. Key ratios include a P/E ratio of 14, an EV to EBITDA of 2.96, and a Price to Book Value of 0.86.
In comparison to its peers, HighPeak Energy's P/E ratio is higher than Magnolia Oil & Gas Corp., which has a P/E of 13.72, and significantly lower than Comstock Resources, Inc., which stands at 166.82. This suggests that while HighPeak is relatively more expensive than some peers, it is still less so than others in the sector. Additionally, the company's stock has underperformed against the S&P 500, with a year-to-date return of -29.18% compared to the index's 2.44%, reinforcing the notion that it may be overvalued in the current market context.