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Gulfport Energy stock has delivered a strong 158.4% total return over the past 5 years, yet its current valuation checks still suggest the shares lean cheap rather than stretched.

• Over the past 5 years, Gulfport Energy has returned 158.4%, which puts long term holders in a solid position and raises the bar for what counts as a fresh value opportunity today.

• The company's recent focus on expanding Utica acreage and investing in additional drilling locations can support future cash flow potential, while the planned discretionary acreage spend may increase capital intensity and add execution risk for returns on that investment.

• On Simply Wall St's valuation framework, Gulfport Energy screens as undervalued across 6 of 6 checks , which points to a broad set of metrics that still look supportive at today's price.

The issue now is whether Gulfport Energy's current share price already reflects this track record and asset expansion, or if the valuation still leaves a reasonable margin of safety for new investors.

Find out why Gulfport Energy's 1.0% return over the last year is lagging behind its peers.

Is Gulfport Energy Still Cheap on Earnings?

P/E suits Gulfport Energy quite well because earnings are a key anchor for how investors usually price established oil and gas producers. Right now Gulfport Energy trades on a P/E of about 6.1x. This sits below the Oil and Gas industry average of roughly 12.7x and also below a peer group average near 9.2x. On a simple market comparison, the stock is priced at a lower earnings multiple than many sector peers.

The tailored fair P/E ratio from the model is 14.6x, which reflects what investors might expect to pay given Gulfport Energy's mix of risks, profitability and size. This level is more than double the current 6.1x multiple. Even with the recent focus on discretionary acreage acquisitions in Ohio and a higher capital spending path through 2026, the market multiple still sits well under this fair benchmark.

On the P/E multiple alone, Gulfport Energy stock appears undervalued compared with both its industry and the modelled fair ratio.

See what the numbers say about this price — find out in our valuation breakdown.

The Gulfport Energy Narrative: What Would Justify Today's Price?

Simply Wall St Narratives for Gulfport Energy pick up where the P/E puzzle leaves off and set out the earnings, growth and margin paths that would need to play out for the current share price to look high or low. Instead of a single number from a ratio or model, these narratives describe the future that number assumes, so you can see what would need to happen and then track whether Gulfport Energy's progress lines up over time on the Community page.