Is PG&E Corp. overvalued or undervalued?

As of 19 September 2025, PG&E Corp. has moved from expensive to fair in its valuation grade. The company appears to be fairly valued based on its current 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 Consolidated Edison, Inc. shows a P/E of 19.16 and an EV to EBITDA of 12.22, indicating that PG&E is positioned competitively within its peer group.
Despite its fair valuation, PG&E has underperformed relative to the S&P 500, with a year-to-date return of -26.11% compared to the S&P 500's 13.31%. This underperformance over the past year, where PG&E returned -23.93% against the S&P 500's 16.64%, suggests that while the stock may be fairly valued, investor sentiment may be weighing heavily on its price.