PBF Energy Rises 168% in a Year: Is This the Right Time to Buy?

PBF Energy has surged 168.4% over the past year, outperforming its industry peers. The company is well-positioned to benefit from tight global product supplies, constrained refining capacity, and low product inventories, which are expected to support elevated refining margins. With a diversified refining footprint of six refineries and a Nelson Complexity Index of 12.8, PBF trades at a discount valuation of 5.03X trailing EV/EBITDA compared to the industry average of 5.61X, earning a Zacks Rank #1 (Strong Buy) rating.