Is HighPeak Energy, Inc. overvalued or undervalued?

As of 17 October 2025, HighPeak Energy, Inc. has moved from an attractive to an expensive valuation grade. The company is currently overvalued, as indicated by its P/E ratio of 14, which is lower than the industry average, and an EV to EBITDA ratio of 2.96, which is also below the peer average. Additionally, the Price to Book Value stands at 0.86, suggesting that the stock may not be reflecting its true asset value.
In comparison to its peers, HighPeak Energy's P/E ratio is significantly lower than Antero Resources Corp. at 17.26 and Magnolia Oil & Gas Corp. at 14.28, both of which are considered fairly valued. The company's recent stock performance has been poor, with a year-to-date return of -54.29%, contrasting sharply with the S&P 500's gain of 13.30% over the same period, highlighting the challenges it faces in the current market environment.