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, indicating that the company is overvalued. Key valuation ratios highlight this assessment, with a P/E ratio of 86, a Price to Book Value of 3.98, and an EV to EBITDA of 24.47, all significantly higher than the peer average P/E of approximately 79.86.
In comparison to its peers, Amer Sports is not only more expensive but also shows lower returns on equity (ROE) at 4.63% and return on capital employed (ROCE) at 10.02%. The company's recent performance has been mixed; while it achieved a remarkable 67.83% return over the past year, it underperformed against the S&P 500's 14.08% return during the same period, suggesting that despite strong past performance, the current valuation may not be justified.