Is OGE Energy Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for OGE Energy Corp. moved from very expensive to expensive, indicating a shift in its perceived value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 18, a Price to Book Value of 1.91, and an EV to EBITDA ratio of 10.85. In comparison to peers, Pinnacle West Capital Corp. has a higher P/E of 24.26, while The AES Corp. boasts a more attractive valuation with a P/E of 25.28.
Despite its overvaluation, OGE Energy Corp. has shown solid performance, with a year-to-date return of 12.73%, slightly lagging behind the S&P 500's return of 13.30%. Over the past five years, the stock has returned 47.34%, significantly lower than the S&P 500's 91.29%, suggesting that while the company may have some growth potential, it is currently priced at a premium compared to its peers and historical performance.