Is HighPeak Energy, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for HighPeak Energy, Inc. has moved from attractive to expensive, indicating a shift in perception regarding its market value. The company appears overvalued based on key valuation metrics, including 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 peers, Antero Resources Corp. has a P/E of 17.26 and an EV to EBITDA of 8.49, while Magnolia Oil & Gas Corp. shows a P/E of 14.28 and an EV to EBITDA of 6.08, suggesting that HighPeak Energy is trading at a premium relative to its industry counterparts.
Recent stock performance further reinforces this valuation narrative, as HighPeak Energy has underperformed against the S&P 500 with a year-to-date return of -54.29% compared to the index's 13.30%. This significant underperformance, coupled with the company's current valuation metrics, supports the conclusion that HighPeak Energy, Inc. is overvalued in the current market environment.