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, with a P/E ratio of 21, a Price to Book Value of 2.59, and an EV to EBITDA ratio of 14.46. In comparison to peers, Exelon Corp. has a lower P/E ratio of 16.40, while Xcel Energy, Inc. has a similar P/E of 20.15, indicating that WEC Energy Group is positioned competitively within its industry.
In terms of recent performance, WEC Energy Group has outperformed the S&P 500 on a year-to-date basis, returning 24.25% compared to the S&P 500's 13.30%. However, over the longer term, particularly in the 3-year and 5-year periods, the company's returns lag behind the broader market, suggesting some caution for long-term investors.