Is Adtalem Global Education, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Adtalem Global Education, Inc. has moved from attractive to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its P/E ratio of 37, which is significantly higher than the peer average of 23.77 for Stride, Inc. and 21.23 for TripAdvisor, Inc. Additionally, the EV to EBITDA ratio stands at 21.15, while peers like Life Time Group Holdings, Inc. have a much lower ratio of 10.92, further suggesting a premium valuation.
In terms of performance, Adtalem has outperformed the S&P 500 across multiple time frames, with a remarkable 5-year return of 468.91% compared to the S&P 500's 91.29%. This strong performance may reflect investor sentiment, but the current valuation ratios indicate that the stock is priced for perfection, making it less attractive for new investments.