Is PBF Energy, Inc. overvalued or undervalued?

As of 31 October 2024, PBF Energy, Inc. has moved from an attractive to a risky valuation grade. The company is currently considered overvalued, particularly given its significant losses reflected in a P/E ratio of NA and a troubling ROCE of -18.71% and ROE of -21.31%. The price to book value stands at 0.44, while the EV to EBITDA is at -6.28, indicating a challenging financial position.
In comparison to its peers, PBF Energy's valuation metrics are concerning; HF Sinclair Corp. has a much higher EV to EBITDA ratio of 17.4127, while Icahn Enterprises LP also shows a negative EV to EBITDA at 17.7757, highlighting the struggles within this sector. The company's recent stock performance has been poor, with a year-to-date return of -17.97%, significantly underperforming the S&P 500's 2.44% return. Overall, these factors suggest that PBF Energy, Inc. is overvalued in the current market context.