Is Adtalem Global Education, Inc. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Adtalem Global Education, Inc. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 37, an EV to EBITDA of 21.15, and a PEG ratio of 0.65. In comparison to peers, Stride, Inc. has a more attractive P/E of 23.77 and an EV to EBITDA of 14.10, while Graham Holdings Co. shows a P/E of 33.93 but a much higher EV to EBITDA of 46.41.
Despite recent struggles, Adtalem's stock has outperformed the S&P 500 over the longer term, with a 3-year return of 120.31% compared to the S&P 500's 76.66%. However, in the short term, it has faced significant declines, with a 1-month return of -37.89 against the S&P 500's 1.92%. Overall, the company's valuation metrics suggest it is fairly valued in the current market context.