Is PG&E Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for PG&E Corp. has moved from expensive to fair. Based on the current metrics, the company appears fairly valued. 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, while Xcel Energy, Inc. shows a higher P/E of 20.15, indicating that PG&E Corp. is positioned competitively within its peer group.
Despite its fair valuation, PG&E Corp. has underperformed relative to the S&P 500, with a year-to-date return of -18.63% compared to the S&P 500's 13.30%. Over the longer term, the company has shown a 5-year return of 55.94%, which is significantly lower than the S&P 500's 91.29%, suggesting potential concerns about its growth prospects relative to the broader market.