## VST PE Stream Chart Analysis **Current Valuation (Latest Data Point — mid-March 2026):** VST's latest monthly average price stands at approximately $170.12, placing it within the **Value** interval — between the 6.0x PE boundary (priced at ~$20.32) and the 16.7x PE boundary (priced at ~$56.56). Wait — re-examining the boundaries at the latest date: the 6.0x stream scores $20.32, the 16.7x stream scores $56.56, the 27.4x stream scores $92.83, the 38.0x stream scores $129.06, the 48.7x stream scores $165.33, and the 59.4x stream scores $201.57. With a price of $170.12, VST is trading **above the 48.7x boundary ($165.33) but below the 59.4x boundary ($201.57)**, placing it firmly in the **Warning (警示)** zone. This indicates the stock is trading at a historically elevated valuation relative to its earnings, approaching the upper boundary of the PE river chart and signaling that investors should exercise caution before initiating or adding to positions. **Historical Valuation Trend:** From early 2021 through most of 2023, VST traded at a relatively modest valuation, with its monthly average price consistently ranging between roughly $14 and $37 — well below even the lowest PE stream boundaries of that era, firmly anchored in the **Undervalued** to **Value** zones. A significant inflection point emerged in late 2023 and accelerated sharply through 2024, as the stock surged from the mid-$30s to over $140 by late 2024, driven by expanding earnings expectations (reflected in the dramatic upward shift of all PE stream boundaries, particularly from Q3'24 onward). During mid-2024, the stock briefly crossed above the 16.7x boundary and approached the 27.4x zone, signaling a transition from **Value** into **Fair** and then **Watch** territory. By Q4'24 and into early 2025, VST's price climbed to the $143–$167 range, pushing it into the **Overvalued** and then **Warning** zones relative to the then-prevailing PE streams. A notable pullback occurred in Q1'25 (price dipping to ~$115–$122), temporarily easing the valuation back toward the **Fair-to-Watch** interval, before a strong recovery through mid-to-late 2025 pushed prices back above $190–$201. The PE stream boundaries themselves shifted downward significantly from Q3'25 onward (reflecting a recalibration of earnings estimates), which paradoxically pushed the stock's relative PE positioning higher even as prices moderated slightly. As of mid-March 2026, the overall trend of the PE river chart has been **expansionary and volatile**, with the stock oscillating between zones but currently resting in elevated **Warning** territory — suggesting investors should monitor earnings revisions closely before committing to new positions.