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 is currently fairly valued based on its valuation ratios, including a P/E ratio of 20, an EV to EBITDA ratio of 12.92, and a Price to Book Value of 2.00. In comparison to its 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 the industry.
In terms of recent 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%. This positive return trend, alongside its fair valuation, suggests that the stock is reasonably priced relative to its growth potential and market performance.