Is Amer Sports, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Amer Sports, Inc. has moved from fair to expensive. The company appears to be overvalued, particularly when considering its P/E ratio of 86, which significantly exceeds the peer average P/E of approximately 79.86. Additionally, Amer Sports has a Price to Book Value of 3.98 and an EV to EBITDA ratio of 24.47, both of which suggest that the stock is priced higher than its fundamental value compared to its peers.
In the Media & Entertainment industry, Amer Sports is facing stiff competition, with peers like the average P/E ratio indicating a more favorable valuation landscape. The company's recent stock performance shows a 67.83% return over the past year, which outpaces the S&P 500's 14.08% return, yet this strong performance does not mitigate the valuation concerns raised by its high ratios.