Is Blue Bird Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Blue Bird Corp. has moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears to be undervalued, supported by a P/E ratio of 13, a PEG ratio of 0.37, and an impressive ROCE of 86.49%. In comparison, peers such as Oshkosh Corp. have a P/E of 15.10 and Harley-Davidson, Inc. has a P/E of 18.01, highlighting Blue Bird Corp.'s relative attractiveness in the market.
Despite recent short-term declines, with a 1-week return of -1.13% compared to the S&P 500's 1.70%, Blue Bird Corp. has demonstrated strong long-term performance, achieving a 3-year return of 601.42% versus the S&P 500's 81.19%. This substantial outperformance reinforces the notion that Blue Bird Corp. is currently undervalued relative to its growth potential and peer performance.