Is Xcel Energy, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Xcel Energy, Inc. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 20, a Price to Book Value of 2.00, and an EV to EBITDA of 12.92. In comparison to peers, 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 Xcel Energy is positioned competitively within its industry.
In terms of recent performance, Xcel Energy has outperformed the S&P 500 over the past year, returning 28.32% compared to the index's 14.08%. This strong performance, alongside its fair valuation, suggests that the stock is a reasonable investment at its current price of 81.16.