Is Addus HomeCare Corp. overvalued or undervalued?

As of 4 August 2025, Addus HomeCare Corp. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 23, an EV to EBITDA of 16.07, and a PEG ratio of 1.38, which suggest that the stock is priced in line with its earnings growth expectations. In comparison to its peers, Addus HomeCare Corp. has a P/E ratio of 22.05, while The Ensign Group, Inc. is rated attractive with a significantly higher P/E of 32.46, indicating that Addus may not be as richly valued as some competitors. Additionally, U.S. Physical Therapy, Inc. also shows a fair valuation with a P/E of 28.81, further supporting the notion that Addus is neither undervalued nor overvalued in its sector. Over the past year, Addus HomeCare Corp. has underperformed the S&P 500, returning -17.14% compared to the index's 17.14%, reinforcing the view that the stock is fairly valued at this time.