Is Valero Energy Stock Too Expensive for Investors at Current Levels?

Key Takeaways VLO shares have climbed nearly 40% over the past year, outperforming the broader refining industry.VLO's refining-heavy business model positions it to benefit as crude oil prices remain under pressure.VLO's premium valuation may be harder to justify given higher capex needs and a lower dividend yield.Valero Energy Corporation (VLO) appears overvalued at current levels, trading at a trailing 12-month EV/EBITDA of 7.90x—well above the broader industry average of 4.42x and Par Pacific Holdings’ ( ...