Is Acushnet Holdings Corp. overvalued or undervalued?

As of 7 July 2025, Acushnet Holdings Corp. has moved from an attractive to an expensive valuation grade, indicating a shift in perception regarding its market price relative to its fundamentals. The company appears to be overvalued, with a P/E ratio of 19, a Price to Book Value of 5.44, and an EV to EBITDA of 14.70, which are higher than many of its peers. For instance, Mattel, Inc. has a P/E of 13.72 and an EV to EBITDA of 10.23, suggesting that Acushnet's valuation may not be justified when compared to similar companies.
In terms of returns, Acushnet has shown a year-to-date return of 6.34%, which is significantly lower than the S&P 500's 12.22%, and over the past three years, its return of 57.38% also lags behind the S&P's 70.41%. This underperformance relative to the benchmark reinforces the notion that Acushnet may be overvalued in the current market environment.