Is PG&E Corp. overvalued or undervalued?

As of 8 September 2025, PG&E Corp. has moved from fair to expensive in its valuation grade. The company is currently overvalued based on its financial metrics. Key ratios include a P/E ratio of 16, an EV to EBITDA of 10.73, and a Price to Book Value of 1.36. In comparison, Exelon Corp. has a P/E of 16.40 and an EV to EBITDA of 10.87, while Xcel Energy, Inc. shows a P/E of 20.15 and an EV to EBITDA of 13.25, indicating that PG&E Corp. is priced higher relative to some peers.
The stock has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -26.16% compared to the S&P 500's 12.22%. This trend reinforces the view that PG&E Corp. is overvalued in the current market environment.