As of 17 October 2025, the valuation grade for Freshpet, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently considered overvalued, with a P/E ratio of 120, a Price to Book Value of 3.74, and an EV to EBITDA of 36.23. Comparatively, peers such as The J. M. Smucker Co. have a P/E of 23.79, and Ingredion, Inc. boasts a more attractive P/E of 12.88, highlighting the significant premium Freshpet commands in the market.
In terms of recent performance, Freshpet's stock has underperformed relative to the S&P 500, with a year-to-date return of -65.37% compared to the S&P 500's 13.30%. This stark contrast reinforces the notion that Freshpet may be overvalued, as its high valuation ratios do not align with its recent financial performance and returns.