OGE or IDA: Which Is the Better Value Stock Right Now?

Core Viewpoint - Investors in the Utility - Electric Power sector should consider OGE Energy and IdaCorp as potential undervalued stocks, with OGE being highlighted as the superior value option based on various valuation metrics [1][6]. Valuation Metrics - Both OGE Energy and IdaCorp currently hold a Zacks Rank of 2 (Buy), indicating positive revisions to their earnings estimates and improving earnings outlooks [3]. - OGE has a forward P/E ratio of 18.72, while IdaCorp has a forward P/E of 21.52, suggesting OGE may be more attractively priced [5]. - OGE's PEG ratio is 2.68, compared to IdaCorp's PEG ratio of 2.69, indicating similar expected earnings growth rates [5]. - OGE's P/B ratio is 1.79, while IdaCorp's P/B ratio is 1.95, further supporting OGE's position as a more favorable value stock [6]. - Based on these metrics, OGE holds a Value grade of B, while IdaCorp has a Value grade of C, reinforcing the conclusion that OGE is the better value option [6].