Is WEC Energy Group, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for WEC Energy Group, Inc. has moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 21, an EV to EBITDA of 14.46, and a Price to Book Value of 2.59. In comparison to peers, Exelon Corp. has a P/E of 16.40 and EV to EBITDA of 10.87, while Xcel Energy, Inc. has a P/E of 20.15 and EV to EBITDA of 13.25.
In terms of recent performance, WEC Energy Group has outperformed the S&P 500 year-to-date with a return of 24.25% compared to the index's 13.30%. However, over longer periods, such as the last three and five years, the company's returns lag behind the S&P 500, indicating potential challenges ahead.