Is Xcel Energy, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Xcel Energy, Inc. moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 20, an EV to EBITDA of 12.92, and a Price to Book Value of 2.00. In comparison, 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 is positioned competitively within its peer group.
In terms of stock performance, Xcel Energy has outperformed the S&P 500 over the past year with a return of 28.32% compared to the index's 14.08%, although it lags significantly over longer periods, particularly the 3-year and 5-year returns. This suggests that while the stock is currently fairly valued, its recent performance has been strong relative to broader market trends.