Is Vitesse Energy, Inc. overvalued or undervalued?

As of 6 May 2024, the valuation grade for Vitesse Energy, Inc. has moved from risky to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a P/E ratio of 37, an EV to EBITDA of 7.20, and a Price to Book Value of 1.30.
In comparison to peers, Vitesse Energy's P/E ratio is notably higher than SilverBow Resources, Inc., which has a P/E of 5.01, and significantly lower than Core Laboratories, Inc., which is deemed very expensive at a P/E of 23.39. Despite recent stock performance showing a decline of 10.04% year-to-date compared to a 2.44% increase in the S&P 500, the fundamental metrics suggest that Vitesse Energy presents a compelling investment opportunity at its current valuation.