Is PEDEVCO Corp. overvalued or undervalued?

As of 15 May 2025, the valuation grade for PEDEVCO Corp. has moved from attractive to fair, indicating a shift in its perceived value. The company is currently considered undervalued based on its P/E ratio of 3, which is significantly lower than its peers, such as Dril-Quip, Inc. with a P/E of 14.45 and Oil States International, Inc. at 22.39. Additionally, PEDEVCO's EV to EBITDA ratio stands at 2.37, further highlighting its relative undervaluation compared to the industry.
In terms of key financial metrics, PEDEVCO has a Price to Book Value of 0.48 and a ROE of 14.22%, which are favorable indicators. However, the company has underperformed in the market, with a one-year return of -18.75% compared to the S&P 500's 10.26% return, suggesting that while it may be undervalued, investor sentiment may still be cautious. Overall, PEDEVCO Corp. appears to be undervalued relative to its peers and key financial ratios.