Up 17% this year, is this ASX 200 share still in the buy zone?

ASX 200 share Coles Group Ltd (ASX: COL) has spent the year in the green. It has surged 17% so far in 2024 and is currently swapping hands at $18.89 apiece.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is up less than 6% this year.

With this outperformance, investors…